Global Lanolin Market Report and Forecast 2024-2032

Global Lanolin Market Outlook

The global lanolin market attained a value of about USD 275.48 million in 2023. The market is further expected to grow at a CAGR of 6.2% during the forecast period of 2024-2032 to reach USD 473.44 million by 2032.

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Robust Industrial Applications of Lanolin to Boost the Market Growth

The market growth of lanolin is being aided by its rising industrial use. Lanolin is a significant component for a broad range of industrial and technical applications, owing to which the demand for lanolin is surging. The rising demand from the shipping sector, where it is used to protect the vessels against the corrosion by seawater, is further propelling the market growth. In addition, the rising adoption of lanolin across industries due to being biodegradable and non-toxic, and thus, environment friendly, is, thereby, augmenting the market growth. As natural resources are being depleted, the biocompatible, biodegradable, and non-toxic properties make lanolin a viable alternative to mineral oil, which is further contributing to the market growth by propelling its adoption in downstream industries. Furthermore, the growing use of lanolin as a lubricating material for machinery and engineering parts and in metal processing like rolling grinding and pressing is bolstering the growth of the market. In addition, lanolin’s wide applicability in various other uses such as aircraft glues, conveyor belt wax, vulcanizing pastes, and special greases, among other uses, is further invigorating the market growth.

Lanolin: Market Segmentation

Lanolin refers to a waxy substance that is naturally produced by sheep and can be found in their wool. It keeps the sheep’s coat waterproof and refreshed. Raw wool is either treated with soap solutions or kneaded with water to extract lanolin for commercial use in cosmetics, pharmaceuticals, and industrial products.

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On the basis of applications, the market can be segmented into:

• Personal Care and Cosmetics
• Baby Care Products
• Pharmaceuticals
• Industrial
• Others

Based on derivative, the market can be categorised into:

• Lanolin Alcohol
• Cholesterin
• Isopropyl Lanolate
• Laneth
• Lanogene
• Lanosterols
• Quaternium 33
• PEG-75
• Lanolin Fatty Acid
• Others

The EMR report looks into the regional markets of lanolin like North America, Europe, Latin America, the Asia Pacific and the Middle East and Africa.

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Surging Demand for Lanolin Applications in Cosmetic Products to Invigorate the Market Growth

The market for lanolin is augmenting due to its rising usage in cosmetic products. Skincare products like creams and oil-based skin lotions have lanolin as a primary product, which is used as a moisturiser, stabiliser, emollient, and emulsifier. Meanwhile, in nail polish removers, lanolin is used to prevent the defatting of the surrounding skin, and in lipsticks and eye make-up, lanolin is deployed as a film modifier and crystal inhibitor, used for uniform dispersal of pigments. Thus, the multiple uses of lanolin in cosmetic products are surging its adoption across the cosmetics industry and further supporting the market growth. In addition, the robust demand for clean label and cruelty-free ingredients is further augmenting the market growth. Furthermore, the robust applications of lanolin and its derivatives as key ingredients in pharmaceutical and healthcare products, such as in ointment bases, burns dressing, and wound sprays is adding to the market growth.

Key Industry Players in the Global Lanolin Market

The report presents a detailed analysis of the following key players in the global lanolin market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

• Lubrizol Corporation
• Imerial-Oel Import Handelsges mbH
• Nippon Fine Chemicals Co. Ltd.
• Lanotec Australia Pty Ltd
• Croda International Plc
• Rolex Lanolin Products Limited
• Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

Key Highlights of the Report