A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Lanolin
Alcohol
Market. The
study, titled “Lanolin
Alcohol Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Lanolin
alcohol is manufactured from hydrolysis of lanolin. It is an
important component of surface active agents in various skin
smoothening and nourishing creams. It acts as a viscosity enhancer in
these formulations. Lanolin alcohol is manufactured by using an
alkaline treatment on the lanolin; which is then followed by removal
of released soaps. It is refined further by a multi-stage
distillation process to improve its odor and color. This process
produces a purified, semi-crystalline and almost colorless wax. The
composition of lanolin alcohol is sterols and triterpene alcohols
such as cholesterol, agnosterol, lanosterol and their derivatives.
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Rising
demand for lanolin alcohol from personal care and cosmetics industry
is anticipated to drive the market. Lanolin alcohol is a refined
derivative of lanolin and it contains various lipids that are
physiologically close to human skin layers, which makes highly
compatible to human skin. Emulsifying capabilities of the lanolin
alcohol are stable across a wide pH range which makes it an ideal
choice as an emulsifier in face and hair bleaching agents.
Furthermore, increasing usage of lanolin alcohol in pharmaceutical
industry is expected to boost the market growth. Lanolin alcohol has
wound healing capability and hence it has various applications in the
pharmaceutical and medical industries.
However,
the Food and Drug Administration’s regulations over the usage of
lanolin alcohol in use of personal care and cosmetic products are
expected to hamper the market growth. Additionally, fluctuating raw
material prices is likely to affect the lanolin alcohol market growth
negatively. Technological advancements and product developments in
the lanolin alcohol formulations for personal care, cosmetics and
pharmaceutical applications are expected to provide immense
opportunities for the players in the market.
In
terms of demand, Asia Pacific was the largest market for lanolin
alcohol and is also expected to be the fastest growing over the
forecast period. China dominated the demand for lanolin alcohol in
the region. India, South Korea and countries in Southeast Asia are
expected to exhibit higher demand for lanolin alcohol owing to rise
in personal care industry. Adoption of western lifestyle and
increasing per capita income were among the key factors for the
growth in personal care industry. North America and Europe followed
Asia Pacific in terms of demand. The U.S. dominated the demand in
North America owing to increasing demand for lanolin alcohol personal
care and cosmetics industry. Western Europe that comprises Germany,
Italy, the U.K., France and Spain contributed significantly to the
demand of lanolin alcohol. Central & Eastern Europe are expected
to provide immense opportunities for the players in the lanolin
alcohol market. Rest of the World (RoW) that comprises Latin America,
Africa and the Middle East is likely to exhibit potential growth for
the lanolin alcohol. Brazil and Saudi Arabia are considered as major
contributors.
Global
lanolin alcohol market exhibits moderate level of consolidation.
Procurement of raw material and secure supply are the major concerns
for the players in the market. Major players have long term
agreements with companies in the end-user industries, which increases
the entry barriers for new entrants. Furthermore, formulations of
lanolin alcohol are patented by majority of the companies and new
entrants would need to develop own formulations through research &
development activities. This fact makes the market capital intensive.
Key players in lanolin alcohol market include Surfachem Group Ltd,
The Lubrizol Corporation, Nanjing Lanbai Chemical Co., Ltd., Hydrite
Chemical Co. and Lanaetex Products, Inc.
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to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth insights, understanding market evolution by tracking
historical developments, and analyzing the present scenario and
future projections based on optimistic and likely scenarios. Each
research report serves as a repository of analysis and information
for every facet of the market, including but not limited to: Regional
markets, technology developments, types, applications, and the
competitive landscape.
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