Sellbyville, Delaware, Dec. 20, 2018 (GLOBE NEWSWIRE) --
U.S. lanolin market from baby care application may exceed USD 10 million by 2024. It is used to treat baby diaper rashes, skin eczema, chapped lips owing to its nontoxic, safe nature and its moisturizing & healing effect on tender skin. Growing consumer awareness regarding baby hygiene supported by easy product accessibility due to expanding retail channels will boost baby toiletries, thus escalating product demand in this sector.
Global Lanolin Market will hit USD 450 million by 2024; according to a new research report by Global Market Insights, Inc. Growing application range in industrial applications such as bio lubricants, metal cutting fluids, anti-corrosive preparations and paper industry will boost lanolin market size. It acts as an ecofriendly alternative with water repellent characters in anticorrosion products applicable for house hold, automotive, electrical and industrial applications. Crude and technical grade wool grease serves as cost effective antifriction agent owing to its high tackiness to metal and superior lubricating qualities. Its biodegradable, biocompatible and nontoxic nature make it potential alternative to mineral oil, thus promoting market growth.
Lanolin is extensively used in men’s care formulations including, shaving creams, beard balm and beard softeners to lower the friction between razor & skin which helps in preventing skin rashes. It also helps in keeping the beard soft which facilitates easy removal of hair by leaving moisturizing effect on skin. Rising awareness regarding personal grooming along with growing expenditure on men specific toiletries and large variety of product easily available in the market will drive men’s care market growth which is likely to favor lanolin demand.
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Tedious purification process along with dependence on wool production may hamper industry profitability, thus negatively impacting market price trends. Lanolin may contain pesticides and chemicals sprayed on wool during recovery which may leading to harmful effect and increased toxicity of the product which may restrict industry growth.
France lanolin market size may register gains up to 4.5% by 2024. Occurrence of key cosmetic manufacturing firms has led to increasing imports of these emollients in this country, thus surging product demand. Intensive promotion strategy of companies creating awareness about natural and organic ingredients which is likely to foster regional market growth.
Browse key industry insights spread 155 pages with 116 market data tables & 28 figures & charts from the report, “Lanolin Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/lanolin-market
India lanolin market size from pharmaceutical applications is poised to surpass USD 6 million by 2024 due to its low irritation potential and physiologically compatible emollient mainly in ophthalmic formulations. It also finds application in surgical tapes as impregnating agent, skin suited stack enhancer and plasticizer.
Global lanolin market share is competitive and moderately fragmented with major manufacturing companies include Suru Chemicals, Rolex, Lanotech, Lubrizol, Wellman, Croda, Nippon, NKC, Orthochem, Sancai and Tallow Products. Manufacturers are developing purification techniques to minimize health hazards which may cause through contaminants like pesticide presen in the wool which may promote market size.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.