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Global Petroleum Jelly Market to Grow at a CAGR of 5.0% During the Period 2022-2027, Driven by Applications in Cosmetics and Pharmaceuticals

According to a new report by EMR titled, ‘Global Petroleum Jelly Market Report and Forecast 2022-2027’, the global petroleum jelly market is expected to grow at a CAGR of 5.0% during the period 2022-2027, led by uses across industrial sectors.

Applications across sectors including cosmetics, pharmaceuticals, leather, rubber, and telecommunications, among others, are expected to drive the global petroleum jelly market. North America, Europe, Africa, Middle East and Asia are projected to be key markets.

Pharmaceutical, cosmetic and personal wellness sectors are expected to remain the driving segments for the global petroleum jelly market. In cosmetics and personal care products, petroleum jelly is used in bath products, cleansing products, skin care products, makeup, shampoos, permanent waves, hair conditioners, shaving products, and suntan products.

As topical application, petroleum jelly is generally used to relieve skin soreness after grooming activities such as waxing, threading and shaving; moisturize and soften dry cuticles; remove makeup; moisturize skin, lips and eyelids; prevent rough skin on ankles; apply on minor cuts, wounds and scabs for protection and to create a water barrier; soothe eczema; treat nappy rash; ease chafing; soften and style facial hair; remove paint from skin; etc.

Other daily uses include applying on door hinges to prevent squeaking; rubbing on frozen locks to make them work again; applying to metal tools and hardware to prevent rust formation; removing scuff on leather items by buffing with petroleum jelly; applying on leather items to maintain shine; etc.

Petroleum jelly (also known as petrolatum) is a semisolid jelly-like material, made of a mixture of mineral oils and waxes. Insoluble in water, it is flammable with a melting-point generally close to 75°C. It may be colourless, translucent, or pale yellow, and is tasteless and odourless in its pure form.

Applications of petroleum jelly include petroleum jelly products, Vaseline, petrolatum, ointments, lotions, creams, shaving creams, pharmaceutical products, cosmetics, pain balm, lipsticks, ointment bases for veterinarian use, wire ropes, wire rope compounds, cable-filling compounds, rubber mats, rubber bushing, wipers, battery terminal compounds, release agents for plaster moulds and castings, leather industry, etc. It is also employed in polishes, lubricating greases, rust preventives, and modeling clay.

Market Analysis by Grade, End-user, and Region:

  • By grade, the market is segmented into Pharmaceutical Grade, Cosmetic Grade, and Industrial Grade.
  • By end-user, the market is classified into Telecommunications, Pharmaceuticals, Leather, Shipping, Cosmetics and Personal Care, and Others.
  • By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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