Myelin is composed of about 80% lipid and about 20% protein. Some of the proteins that make up myelin are myelin basic protein (MBP),myelin oligodendrocyte glycoprotein (MOG), and proteolipid protein (PLP). Myelin is made up primarily of a glycolipid calledgalactocerebroside. The intertwining of the hydrocarbon chains of sphingomyelin serve to strengthen the myelin sheath.
There are quite a few disease (multiple sclerosis, optic neuritis, transverse myelitis..) involved in the destruction of the axon myelin sheath also known as myelin sheath.
http://en.wikipedia.org/wiki/Myelin