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.
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.
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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.
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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.
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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.
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.
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