A new research document with title ‘Global Lanolin Market 2017-2021’covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes important players/vendors such as Orthochem, Rolex Lanolin, Suru Chemicals, Tallow Products, and Yixin Chemical Co etc.The report will help user gain market insights, future trends and growth prospects for forecast period of 2017-2021.
HTF recognizes the following companies as the key players in the global lanolin market: Lanotec, The Lubrizol Corporation, Nippon Fine Chemical, NK Ingredients, and Wellman Advanced Materials.
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.
“According to analysts forecast the global lanolin market to grow at a CAGR of 5.45% during the period 2017-2021”
Commenting on the report, an analyst from HTF’s team said: “One trend in the market is increasing number of male grooming products. Recently, it has been noted that an increasing number of men have started to use self-grooming products for self-grooming purposes such as anti-aging, anti-wrinkle, waxing and other products and solutions. Men, in general, are becoming increasingly conscious of their looks and appearance.”
According to the report, one driver in the market is increasing demand for cosmetics and personal care products in China. Among the most widely used ingredients in personal care, emollients find use in facial creams; cleansers; wipes; moisturizers; and other skin products. Naturally derived products have a stronger demand, as consumers are moving away from synthetic-based products to naturally derived products such as lanolin. This trend is particularly being noted in APAC countries, where China is expected to become the largest beauty market during the forecast period. China is already one of the largest importers of US-based personal care and cosmetic products.
Further, the report states that one challenge in the market is complicated refining process of lanolin along with high cost. Lanolin is the grease secreted by the sebaceous glands of wool-bearing animals. Crude lanolin constitutes about 5-25% of the weight of freshly shorn wool. The wool from one sheep will produce around 200-300 ml of recoverable wool grease. Lanolin is extracted by scouring the wool in hot water, with a detergent that removes dirt; crude lanolin; sweat salts; and other things stuck to the wool. The wool grease is continuously removed during this washing process by a centrifugal separator, which make it into a wax-like concentrate with melting points at a certain temperature.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.