Rising demand in personal care & cosmetics sector is expected to drive industry growth over the next eight years. The best-known uses of refined wool wax products, primarily, lanolin and its derivatives are in the field of cosmetics, medicine and toiletries. The Global Lanolin Market is expected to reach USD 227.7 million by 2024, according to a new report by Grand View Research, Inc. Rising disposable consumer income and growing working women’s population is expected to be a major driver for this industry. Increasing awareness regarding feminine hygiene and health has also promoted the adoption of natural products and cosmetics. Personal care & cosmetics emerged as the leading application segment and accounted for over 45% of total market volume in 2015. Cosmetics industry growth across the globe has resulted in an increasing demand for lanolin owing to its ability to act as an emollient. The product mostly finds use in skin creams, shampoos, soap, hair dressing and lip ...