The growing incidence in the application in the skin moisturizing products & hand-sanitizing applications is driving the demand for the market.
New York, NY -- (SBWIRE) -- 04/15/2021 -- Lanolin Market Size – USD 236.2 million in 2019, Industry Growth - CAGR of 5.4%, Industry Trends – Rise in the disposable income and development in the retailing system.
The Global Lanolin market is projected to reach USD 362.5 million by 2027. Incisive growth in the personal care industry owing to the rising consumer base in the developing regions, higher consumer preference for the natural & organic ingredients, innovations in the value-added products have spurred the overall growth of this industry. A massive amount of revenue for the lanolin market is generated from the personal care applications, and enormous growth in such applications helps add to the market value largely.
In a positive outlook for pharmaceutical & baby care applications, lanolin, with its high usage, should drive market size enormously. The pharmaceutical sector engrosses hugely used applications of lanolin. Anhydrous lanolin for its emulsifying, stabilizing, emollient functionalities, is widely used in the medical or clinical applications. The lanolin helps in the wound healing process, delivers active ingredients or trans-dermal through the skin. Some other pharmaceutical usage includes pigmented medication, dispersing agent, topical product for the cutaneous infection, anti-microbial and disinfectant characteristics, among others.
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The Key Companies Profiled in the Market are:
Lubrizol Corporation, Wellman Advanced Materials, Nippon Fine Chemical, NK Ingredients PTE Ltd., cIndustria Quimica del Centro, Barentz Group, Rolex Lanolin Products Limited, Jiangsu Winpool Industrial Co. Ltd., Lanotec, and Lansinoh, among others.
The Asia-Pacific, owing to the presence of developing economies like India and China, is the fastest-growing region. Asia-Pacific, led by the market growth of India, China, and Japan, is projected to see substantial gain. Rising disposable income, along with increasing customer awareness for maintaining personal hygiene and child care, should drive growth in the regional industry.
The COVID-19 impact:
As the COVID-19 crisis grows, manufacturers are quickly changing their practice and purchasing priorities to meet the required demand of a pandemic. The COVID-19 pandemic would have a direct effect on the rates of raw material extraction as the units of chemical manufacturing were disrupted. Furthermore, the disruptions in the existing supply chains force companies to build new supply chains that are more costly and time-consuming to satisfy the need for catalysts in different areas of the chemical industry, seeing an unprecedented level of operation. However, a huge demand in the hand sanitizer industry will help create a further market enforecement.
Further key findings from the report suggest
The personal care sub-segment accounts for the largest share of the lanolin market. From a volume perspective, the personal care application sub-segment holds the majority of the share.
A huge expansion of the market is being forecasted due to the growing need of personal care products, such as skin moisturizing, smootheing, sense intensifiers, and pharmaceutical products such as hand sanitizer, emulsifying product, pigmnented medication, and others due to an evolving lifestyle for customers and increased consumer buying power.
All the key market players have heavily invested in R&D initiatives in recent years, contributing to the invention of multiple innovative products. Major players aim to improve their product portfolio through strategic mergers and small and medium-sized enterprise acquisitions. So an intense rivalry among players is expected in the coming years.
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For the purpose of this study, Reports and Data have segmented the Lanolin market on the basis of derivative type, form, end-use verticals, and region:
Form Outlook (Revenue: USD Million; Volume: Million Tons; 2017-2027)
Anhydrous
Hydrous
Derivative Type Outlook (Revenue: USD Million; Volume: Million Tons; 2017-2027)
Lanolin alcohol
Cholesterin
Isopropyl Lanolate
Laneth
Lanogene
Lanosterols
Quaternium 33
PEG-75
Lanolin Fatty Acid
Others
End-Use Verticals Outlook (Revenue: USD Million; Volume: Million Tons; 2017-2027)
Personal Care
Pharmaceuticals
Baby Care
Coating
Lubricating
Others
Regional Outlook (Revenue: USD Million; Volume: Million Tons; 2017-2027)
North America
Europe
Asia Pacific
MEA
Latin America
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Lanolin Market Segmentation & Impact Analysis
4.1. Lanolin Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for personal care products
4.2.2.2. High demand from the emerging regions
4.2.2.3. Increasing adoption of e-commerce
4.2.3. Market restraints analysis
4.2.3.1. Stringent government regulations
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
……………………..
Chapter 10. Company Profiles
10.1. Lubrizol Corporation
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Wellman Advanced Materials
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Nippon Fine Chemical
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. NK Ingredients PTE Ltd.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Industria Quimica del Centro
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
Continued……..
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