The global petroleum jelly market attained a value of USD 869.84 Million in 2024 and is expected to grow at a CAGR of 4.80% during the forecast period of 2025-2034 to reach a value of USD 1390.12 Million. Rising demand for skin protection and healing formulations is driving product application in pharmaceutical and cosmetic sectors.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.8%
Value in USD Million
2025-2034
*this image is indicative*
The global market for petroleum jelly is expected to be driven by uses in cosmetics, pharmaceuticals, leather, rubber, telecommunications, etc. Cosmetics and pharmaceuticals are likely to be key sectors. North America, Europe, Africa, Middle East and Asia are projected to be key markets. India and Iran have been major producers and exporters of petroleum jelly while Africa, Middle East, United States, EU, China and Japan have been major consumers.
Petroleum jelly (also known as petrolatum) is a semisolid jelly-like material, made of a mixture of mineral oils and waxes. It is widely used as a skin application due to its healing properties. It is commonly used on skin to treat dry skin (including lips and eyelids), injured skin, prevent chafing, treat skin rashes, and rehydrate nails.
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Petroleum jelly is flammable, and has a melting-point generally close to 75°C. It may be colourless, translucent, or pale yellow, and in its pure form is tasteless and odourless. White petroleum jelly is insoluble in water, and repels it. Yellow petroleum Jelly exhibits good oil retaining capacity and high viscosity.
Petroleum jelly is used in candle wax formulas; it softens the mix, enables the candle to incorporate extra fragrance oil, and encourages adhesion to the sidewall of glass.
Other products offered in the Petroleum Jelly category by companies include White Petrolatum JP, White Soft Paraffin IP, Petrolatum USP, Yellow Soft Paraffin IP, White Petroleum Jelly, and White Soft Paraffin BP. Petroleum jelly generally comes in cosmetic grade, pharmaceutical grade, and industrial grade.
Applications of petroleum jelly / white petroleum jelly / yellow 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.
Increasing demand for pharmaceutical, cosmetic and personal wellness products is expected to drive the global petroleum jelly market. In cosmetics and personal care products, petroleum jelly is used in the formulation of bath products, cleansing products, skin care products, makeup, shampoos, permanent waves, hair conditioners, shaving products, and suntan products. It may also be used to temporarily protect injured or exposed skin from harmful external elements that produce rashes. Additionally, petroleum jelly slows down transepidermal water loss (TEWL) from the skin by creating a barrier on the surface of the skin. Petroleum jelly enhances the appearance and feel of hair, promoting hair body, suppleness or shine. It improves hair texture of hair damaged physically or by chemical treatment.
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The EMR’s report titled “Petroleum Jelly Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:
By grade, the market is segmented into:
By end-user, the market is classified into:
By region, the market is divided into:
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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The market is estimated to grow at a CAGR of 4.80% between 2025 and 2034.
The major drivers of the market include the the thriving cosmetics and pharmaceutical industry, owing to the rising disposable income, flourishing retail sector, and growing awareness pertaining to personal hygiene.
The growing R&D activities in the pharmaceutical industry aimed towards developing effective and high-quality skin ointments and skin creams are the key trends guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Pharmaceutical grade, cosmetic grade, and industrial grade are the major grades included in the market report.
Telecommunications, pharmaceuticals, leather, shipping, and cosmetics and personal care, among others are the significant end-users based on which the market has been segmented.
The major players in the industry are Unilever PLC, Sonneborn LLC, Raj Petro Specialities Pvt. Ltd., Brenntag SE, Eastern Petroleum Pvt. Ltd., and Shimi Taghiran,Co, among others.
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| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Grade |
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| Breakup by Region |
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