About 97% of this pale yellow substance is a complex mixture of esters, formed by in-situ condensation reaction of high molecular weight (MW) alcohols with high MW fatty acids.
Esterified lanolin alcohols can be divided into three main sub-groups:
The lanolin acid fraction consists of various branched and unbranched acids and hydroxy fatty acids.
The remaining 3% of the mixture is made up of free lanolin alcohols and small amounts of free fatty acids, hydrocarbons (paraffins), water and ash. Because lanolin is a natural product, the exact composition may vary slightly within a rigorously controlled limit.
Lanolin is soluble in organic solvents like diethyl ether, chloroform and chloroform/methanol mixtures, but poorly soluble in ethanol. It does not dissolve in (but is mixable with) water, forming stable oil-water emulsions.
It's biodegradable and non-toxic, making it an ecologically friendly substance. Lanolin anhydrous is also compatible with numerous additives used to modify the consistency and characteristics of the resulting protective films.
Although chemically classified as a wax, lanolin has all the physical properties of a grease. As a lubricant, technical-grade lanolin can be used as a cost-efficient anti-friction agent for many technical processes, especially those that require high biocompatibility.