A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Wool
Wax Alcohol Market.
The study, titled “Wool
Wax Alcohol Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Wool
Wax Alcohol Market: Overview
Wool
wax is a form of wax secreted by the sebaceous glands of animals,
which bear wool such as sheep. Wool wax is also known as lanolin or
wool grease. Wool wax alcohol is obtained upon the hydrolysis of wool
wax. Wool wax alcohol is used as surface active agent primarily in
cosmetic and personal care products. Among cosmetic products, it is
widely used in nourishing and skin smoothening creams.
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Report Details @
Wool
wax has been known as an excellent emollient since ancient times.
Initially, wool washings were poured from a height, which led to the
formation of froth of wool wax. This would then be skimmed out
easily. Later, the technique of acid cracking was adopted. The
technique would destabilize and separate the wax into a sludge form
so that it could be easily filtered out. Eventually, the technique of
centrifugal separation was put into practice and is being followed
since then. The composition of wool wax alcohol is triterpene
alcohols and sterols such as agnosterol, lanosterol, cholesterol, and
some of their derivatives.
Wool
Wax Alcohol Market: Trends
The
perpetual rise in demand for wool wax alcohol in cosmetic products is
expected to drive the market in the near future. Wool wax is derived
from the sebaceous glands of animals; thus, it is physiologically
much similar and compatible with the human skin. Wool wax alcohol is
used as an emulsifier in hair and face bleaching agents since its
activity remains stable across a wide range of pH. Of late, wool wax
alcohol has been employed in pharmaceuticals and industrial products.
Demand for wool wax alcohol is expected to rise in the near future.
This is anticipated to be a major factor driving the wool wax alcohol
market. However, certain cases of wool wax alcohol allergies have
been noted. This could potentially hamper the growth of the market.
The prices of raw materials used in the manufacture of wool wax
alcohol have been fluctuating. This is estimated to adversely affect
the market. Furthermore, the United States’ Food and Drug
Administration’s regulations over the use of wool wax alcohol in
cosmetics and drugs has been a rising concern among the manufacturers
of wool wax alcohol. Developments and advancements in the
formulations of wool wax alcohol for better customer acceptability
are projected to offer immense growth opportunities for market
players.
Wool
Wax Alcohol Market: Region-wise Outlook
The
market for wool wax alcohol has reached the stage of maturity in Asia
Pacific. It is likely to expand at a faster rate in the near future
as well. In terms of demand, China accounted for the major share of
the wool wax alcohol market in 2015. Demand for cosmetics has been
increasing in South Korea, Southeast Asia, and India. Changes in
lifestyle and increase in spending power are the primary factors
driving the wool wax alcohol market in the region. In terms of demand
and consumption, Asia Pacific was followed by Europe and North
America. Demand for wool wax alcohol was high in the U.S. in North
America in 2015 due to its increased usage in personal care and
cosmetic products. The wool wax alcohol market in countries such as
Germany, the U.K., and Italy in Europe has been expanding
significantly since the last few years. This trend is expected to
catch up in other countries in the region owing to the rise in usage
of wool wax in cosmetics.
The
wool wax alcohol market in Middle East & Africa and Latin America
is anticipated to expand significantly in the near future as the
personal care and pharmaceuticals sector in the region is witnessing
consistent growth in recent years.
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Wool
Wax Alcohol Market: Key Players
Companies
operating in the wool wax alcohol market include Suru Chemicals, NK
Ingredients Pte Ltd., and Gustav Heess GmbH.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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