Global Petroleum Jelly Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Petroleum Jelly Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Petroleum jelly is mixture of mineral waxes and oils that along lock moisture in skin, moisturizing it to repair and relieve dryness. they’re stable in such fashion that the oil seems to make the inner part, whereas the wax compound forms the external phase. Petroleum jelly is made by the waxy crude oil material that formed on oil rigs and distilling it. The lighter and thinner oil-based product conjure petroleum jelly, additionally referred to as white petrolatum or just as petrolatum.

Market Overview:

The latest research study on the global Petroleum Jelly market finds that the global Petroleum Jelly market reached a value of USD 1138.96 million in 2022. It’s expected that the market will achieve USD 1263.0 million by 2028, exhibiting a CAGR of 1.74% during the forecast period.

Advances in Innovation and Technology for Petroleum Jelly

Technological innovation is very important for any industry. With the development of science and technology and in-depth research on products by relevant companies, petroleum jelly's production process will continue to improve and become more mature, which can meet the needs of more customers. And with the development of the pharmaceutical industry, the demand for petrolatum in the pharmaceutical industry will further increase, so the market demand for high-end petroleum jelly that can meet the pharmacopoeia standards will continue to rise. The development of high-end products and the emergence of innovative technologies for product production may bring new growth to the petroleum jelly market.

Increased Demand in Emerging Markets

Petroleum Jelly is an important raw material for the production of pharmaceuticals, daily chemicals and other fine chemical products. With the economic development of developing countries, the rapid development of various industries has led to an increase in demand for petrolatum. Especially in the Asia-Pacific region, the development of the food industry's pharmaceutical industry has driven the consumption of food, pharmaceutical and industrial petroleum jelly. With the development of downstream industries, petroleum jelly has good market potential in emerging countries.

The emergence of counterfeit products

Due to the shortage of petroleum jelly, the petroleum jelly market is facing adjustments in counterfeit products. Especially in the Asia-Pacific region, many countries do not have strict regulations and policies on the supervision of counterfeit products. It is easy for counterfeit products to flow into the market and damage the market environment. Counterfeit products are of poor quality and low price, and may also contain harmful substances. The appearance of counterfeit products will adversely affect the petroleum jelly market.

Region Overview:

Europe is projected to account for a considerable share of the Petroleum Jelly market and is expected to become the largest region by 2028.

Company Overview:

Sonneborn is one of the major players operating in the Petroleum Jelly market, holding a share of 11.5% in 2023.

Sonneborn

Sonneborn, LLC manufactures and supplies specialty hydrocarbons and vegetable-based emollients. The Company offers white mineral oils, polymer and process oils, petrolatums, specialty products, microcrystalline waxes, sodium sulfonates, oxidized petrolatums, corrosion inhibitors, wax blends, and ink oils. Sonneborn serves customers worldwide.

Aiglon

The Aiglon group is the only French manufacturer specialising in petroleum jellies, waxes, gels, oils and technical products. Aiglon Group is made up of three companies each with their own dedicated brands: Aiglon and Synteal for mainly pharmaceutical and cosmetic petroleum jellies, oils and gels, Civetea for industrial waxes.

Segmentation Overview:

Among different product types, Cosmetic Grade segment is anticipated to contribute the largest market share in 2028.

Cosmetic Grade

Petroleum jelly pharmaceutical grade is made from pure petroleum jelly, which contains minerals and microcrystalline wax, so it is smoother. The petroleum jelly pharmaceutical grade is used as the basis for manufacturing pharmacists and the laboratory industry.

Cosmetic Grade

Petroleum jelly cosmetic grade, used as the basis for the manufacture of cosmetics. It not only hurts the body's skin, but also freshens the skin and helps the skin spa.

Industrial Grade

Petroleum jelly industrial grades are used to wet plastics, coat easily corroded items, condition leather, wood finishes, protect and prevent moisture loss, and as release agents for plaster molds and castings, rubber, automotive and general industrial sectors.

Application Overview:

By application, the Pharmaceutical segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Petroleum Jelly market covered in Chapter 3:

Calumet Specialty Products Partners
H&R
IGI
Hebei Feitian Petrochemical Group
Sonneborn
Raj Petro Specialties
Sasol
Nanjing Changjiang Jiangyu Petrochemical
Unicorn
Aiglon

In Chapter 4 and Chapter 14.2, on the basis of types, the Petroleum Jelly market from 2018 to 2029 is primarily split into:

Pharmaceutical Grade
Cosmetic Grade
Industrial Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Petroleum Jelly market from 2018 to 2029 covers:

Cosmetics
Personal Care Products
Pharmaceutical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)