Lanolin Market Share is set to cross $450mn by 2024: Global Market Insights Inc. The market research report, “Lanolin Market Size By Application (Personal Care & Pharmaceuticals, Baby Care, Pharmaceutical, Industrial), By Downstream Potential Derivatives (Lanolin Alcohol, Ethoxylated Lanolin, Acetylated Lanolin, Lanolin Acid), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc., Lanolin Market size to cross $450 mn by 2024. 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. Lanolin Market
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