Global Lanolin Market 2017-2021

Overview of the global lanolin market

Research analysis on the global lanolin market identifies that the superior properties and favorable policies for lanolin will be one of the major factors that will have a positive impact on the growth of the market. Lanolin is extensively used in cosmetics, personal care, baby care, and pharmaceutical products. It is used as a stabilizer, as an emulsifier in ointments, and in medications such as zinc oxide. Moreover, the lanolin acts as an anticorrosive agent or a lubricant, making it the highly suitable for the leather industry. Furthermore, lanolin also acts as a paper conditioner and improves the softness of paper and regulates fluidity and drying time in paints and varnishes. Lanolin is utilized in metal cutting oil and can be used in different engineering sectors as a lubricating grease. These advantages have led to its increased approval by many natural cosmetic regulatory bodies such as the international natural and organic cosmetics association (NaTrue). Favorable government regulations and policies drives the demand for lanolin during the forecast period. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

The rising use of lanolin for anti-corrosion necessities is one of the key trends that will gain traction in this market during the forecast period. Lanolin is extremely effective substance that is a perfect moisture barrier. Lanolin is increasingly used in different applications as a rust-preventative agent by mariners and machinists. Moreover, lanolin based products consists of non-evaporative and non-leaching characteristics and resists water. This will drive the growth of the lanolin products market  Also, lanolin can be used for corrosion prevention for wire rope, pulleys, and cables, electric switches, and metal and plastic zippers.

Competitive landscape and key vendors  

The lanolin market consists of many small and medium region-based players supplying raw materials to larger vendors. The major vendors of the lanolin market compete based on operating cost, price, economies of scale, product quality, and innovation.

The leading vendors in the market are –

• Lanotec
• The Lubrizol Corporation
• Nippon Fine Chemical
• NK Ingredients
• Wellman Advanced Materials

The other prominent vendors in the market are Croda International, Gustav Heess, Zhejiang Garden Biochemical High-Tech, Imperial-Oel-Import Handelsgesellschaft, Industria Química del Centro, Lanco, Nanjing Duoyuan Biochemistry, Orthochem, Rolex Lanolin, Suru Chemicals, Tallow Products, and Yixin Chemical Co.

Segmentation by application and analysis of the lanolin market

• Personal care and cosmetics
• Baby care products
• Pharmaceuticals
• Industrial

During 2016, the personal care and cosmetics segment accounted for the major shares of the lanolin market. Factors such as the rapid urbanization and advantages of lanolin such as waterproofing, moisturizing, anti-itching properties will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the lanolin market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the lanolin market throughout the forecast period. China leads the market for lanolin APAC. The high demand in China is mainly driven by the usage of cosmetics, personal care, and pharmaceutical products.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global lanolin market?
• What are the key market trends impacting the growth of the global lanolin market?
• What are the challenges to market growth?
• Who are the key vendors in the global lanolin market?
• What are the market opportunities and threats faced by the vendors in the global lanolin market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global lanolin market?

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