Global Lanolin Market to be Driven by Increased Demand for Skin Care Products During the Forecast Period 2021-2026
Expert Market Research’s new report titled “Global Lanolin Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026” provides in-depth analysis on a global scale. lanolin market Cut Assess the market based on applications, derivatives, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 6.2%
COVID-19 is affecting the Lanolin market. The COVID-19 outbreak has hampered the cosmetics market. This decline is largely attributable to government limitations and lockdowns. Due to the confinement, most salons have closed, leading to a substantial reduction in professional products. The market is optimistic after the easing of the confinement and most companies have increased their production.
Industry definition and major segments
Lanolin is a fatty component found in sheep’s wool that has a protective coating. In its purest form, lanolin is a yellowish, viscous mixture of esters that serves as a base for ointments and cosmetics.
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On the basis of applications, the market can be segmented into:
• Personal care and cosmetics
• Baby care products
• Pharmaceutical products
On the basis of derivatives, the market can be categorized into:
• Lanolin alcohol
• Isopropyl lanolate
• Quaternium 33
• Lanolin fatty acid
Regional markets for the product include North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Lanolin has been used as a combination complex and self-emulsifying agent for many years. Products containing lanolin include lotions, creams, and lipsticks. It is also used in hair conditioners and body washes. Lanolin is unique in that it absorbs twice its weight in water and forms protective films on the skin and lips. These qualities of lanolin make it appealing to consumers in both cold and hot climates, driving the lanolin industry for years to come.
The Asia-Pacific region is expected to dominate the global market due to the highly developed cosmetic sector in China, India, Japan and Korea, as well as ongoing investments in the pharmaceutical sector. Moreover, rising temperatures in Asia-Pacific, where most of the population suffers from skin problems, is increasing the demand for lanolin in many applications. Growing skin problems and the demand for such applications require sophisticated skin and hair care products. Temperature variations among Asians are expected to influence the lanolin industry in the years to come.
Main market players
Major market players include Lubrizol Corporation, Imerial-Oel Import Handelsges mbH, Nippon Fine Chemicals Co. Ltd., Lanotec Australia Pty Ltd, Croda International Plc, Rolex Lanolin Products Limited and others. The report covers market shares, capacities, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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