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Get more details @ https://bit.ly/2s3SVTp <br>Emerging widespread trend of health and wellness lifestyle has led to rise in demand for natural and organic ingredients in personal care products which may drive market size
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Lanolin Market Overview, Top Players Analysis, Business Opportunity and Sales Revenue 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024
Key Insights from Lanolin Market: • 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. • 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. • 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. • 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.
U.S. Lanolin Market Size, By Application, 2017 & 2024, (Kilo Tons)
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Continued... • 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.
Continued... • 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.
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