Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Petroleum Jelly Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Petroleum Jelly Market?
The petroleum jelly market has seen a consistent increase in its size over the past few years. It is projected to expand from $1.37 billion in 2024 to $1.43 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 4.0%.
What Are the Expected Market Growth Trends for the Petroleum Jelly Market Through 2029?
The Petroleum Jelly market is projected to reach a market size of $1.73 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.9%.
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What Are the Key Business Drivers in the Petroleum Jelly Market Landscape?
The key Drivers in the petroleum jelly market are:
• Rising demand for cosmetic procedures
• Popular use of petroleum jelly in cosmetic surgeries
• Preference of petroleum jelly for wound and scar treatment post-surgery
• Positive growth rate in the number of cosmetic surgeries performed annually.
How Is the Petroleum Jelly Market Divided Across Key Categories?
The petroleum jellymarket covered in this report is segmented –
1) By Product Type: White Petroleum Jelly, Yellow Petroleum Jelly, Other Products
2) By Grade: Pharmaceutical Grade, Cosmetic Grade, Industrial Grade
3) By End User Industry: Pharmaceutical, Cosmetics And Personal Care, Shipping, Leather, Telecommunication, Other End User Industries
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What Are the Ongoing Trends in the Petroleum Jelly Market?
The key trends in the petroleum jelly market are:
• The trend of developing innovative products is transforming the petroleum jelly market.
• Companies are now creating products like petroleum jelly enriched with beneficial elements such as vitamin E.
• There is a focus on catering to specific skincare needs in different demographic segments.
• The launch of specialized product lines, such as those targeting and addressing specific skin concerns, is emerging as a significant trend.
Which Companies are Expanding in the Petroleum Jelly Industry?
The key players in the petroleum jelly market are:
• Exxon Mobil Corporation
• Shell Inc.
• Petróleo Brasileiro S.A.
• PJSC LUKOIL
• Repsol S.A.
• Unilever PLC
• Sasol Wax Group
• Teva Pharmaceuticals Inc.
• H&R Group
• Sonneborn LLC
• Nippon Seiro Co. Ltd.
• Bliss GVS Pharma Ltd.
• Polwax SA
• Calumet Specialty Products Partners LP
• Blistex Inc.
• Eastern Petroleum Pvt. Ltd.
• Raj Petro Specialities Pvt. Ltd.
• Sovereign Chemicals & Cosmetics
• Kerax Limited
• Vasa Cosmetics Private Limited
• Persia Paraffin
• Unisynth Group
• ShimiTaghtiran Company
• Unicorn Petroleum Industries Pvt Ltd.
• KK India Petroleum Specialities Pvt.Ltd.
• Nexton Lubricants
Which is the Largest Region the Global Petroleum Jelly Market?
North America was the largest region in the petroleum jelly market in 2024
