Thu, 07 Jul 2022

The new report by Expert Market Research titled, 'Global Petroleum Jelly Market Report and Forecast 2022-2027', gives an in-depth analysis of the global petroleum jelly market, assessing the market based on its segments like grades, end-users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027): 0%

Petroleum jelly helps in the treatment of dry, rough, scaly, and itchy skin, and is majorly used in the cosmetics and pharmaceutical industry. In this regard, the thriving cosmetics and pharmaceutical industry, owing to the rising disposable income, flourishing retail sector, and growing awareness pertaining to personal hygiene, is anticipated to be a major driving factor in the market. Meanwhile, the significant growth attained by the telecommunications industry is likely to provide impetus to the market in the forecast period. This can be attributed to the rising application of petroleum jelly in cable filling compounds which eliminated the moisture in cables. The Asia Pacific region accounts for a significant share in the market owing to the rising cases of skin infections, coupled with the rising skincare awareness.

Industry Definition and Major Segments

Petroleum jelly refers to a soft, tasteless, odourless, semi-solid, and clear substance obtained from petroleum or oil. It has skin-friendly properties and is used to make ointments, creams, and dressings. Petroleum jelly has the ability to facilitate movement between two surfaces against each other. The substance is mainly utilised in industrial, pharmaceutical, and cosmetic applications.

Read Full Report with Table of Contents: https://bit.ly/3wW95Q3

On the basis of grade, the market has been segmented into:

  • Pharmaceutical Grade
  • Cosmetic Grade
  • Industrial Grade

Based on end-user, the market has been classified into:

  • Telecommunications
  • Pharmaceuticals
  • Leather
  • Shipping
  • Cosmetics and Personal Care
  • Others

The regional markets for petroleum jelly include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The growing R&D activities in the pharmaceutical industry aimed towards developing effective and high-quality skin ointments and skin creams are likely to be the key trends in the market. In addition to this, the growing demand for petroleum jelly creams for the treatment of eczema and psoriasis is anticipated to aid the market. The growing expansion of the e-commerce industry is likely to be a major invigorating factor as it is bolstering the sales of the product significantly. The attractive discount offers and door-step delivery facility offered by e-commerce giants will further propel the demand for petroleum jelly in the forecast period.

Key Market Players

The major players in the market are Unilever PLC, Sonneborn LLC, Raj Petro Specialities Pvt. Ltd., Brenntag SE, Eastern Petroleum Pvt. Ltd., and Shimi Taghiran,Co, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: Claight Corporation

Contact Person:- Shira Ellis, Business Consultant

Email: sales@expertmarketresearch.com

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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