This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The petroleum jelly market size has grown strongly in recent years. It will grow from $1.37 billion in 2024 to $1.45 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to industrial applications, medical and pharmaceutical uses, cosmetics industry growth, consumer awareness and preferences, regulatory environment.
The petroleum jelly market size is expected to see strong growth in the next few years. It will grow to $1.77 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to regulatory environment, sustainable and eco-friendly products, health and wellness trends, shift towards natural and organic products, global pandemic impact. Major trends in the forecast period include technological advancements, digital marketing and e-commerce, innovation and product development, growing demand for skincare products, innovative product formulations.
The anticipated surge in demand for cosmetic procedures is poised to drive the growth of the petroleum jelly market. Cosmetic procedures encompass medical or non-medical interventions aimed at enhancing or altering an individual's appearance for aesthetic purposes. Petroleum jelly, renowned for its versatility, is frequently employed in cosmetic procedures. It is used to provide a thin coating on the surgical site before cosmetic surgery and to treat scars post-surgery. As an illustration, a report from the British Association of Aesthetic Plastic Surgeons disclosed that in 2022, the UK witnessed a 102% increase in cosmetic procedures, totaling around 31,057 procedures, as compared to 2021. This surge in cosmetic procedures is a key factor propelling the growth of the petroleum jelly market.
The growing demand from the pharmaceutical industry is anticipated to drive the growth of the petroleum jelly market in the coming years. The pharmaceutical industry encompasses the development, research, and manufacturing of pharmaceutical products, involving extensive investigation, compound development, government regulation, and industry participation. Petroleum jelly is utilized in the pharmaceutical sector for the production of various creams, ointments, and lotions, serving as a skin protector and moisturizer in numerous pharmaceutical products. For example, in September 2024, statistics published by Cross River Therapy, a US-based provider of ABA therapy services, indicated that the U.S. pharmaceutical industry generated $550 billion in revenue, with Americans spending $576.9 billion on medicine in 2021. Projected spending is expected to rise to between $605 and $635 billion by 2025. Therefore, the increasing demand from the pharmaceutical industry is propelling the petroleum jelly market.
Leading companies in the petroleum jelly market are concentrating on creating innovative products, such as petroleum jelly infused with vitamin E, to offer dependable services to their customers. Petroleum jelly with vitamin E is a specialized formulation that enhances skin protection against damage from free radicals. For example, in September 2023, Vaseline, a body care brand under Unilever Plc, a UK-based consumer goods company, introduced Vaseline Radiant X, a new body care line featuring premium skincare ingredients typically reserved for facial products. This line is designed to cater to the unique needs of Black and Brown skin, addressing issues such as moisture imbalance, dark spots, and uneven skin tone.
In July 2024, Texol Lubritech FZC, a UAE-based manufacturer of industrial lubricants and related products and a subsidiary of Gandhar Oil Refinery India, secured a major contract with Abu Dhabi National Oil Company (ADNOC) PJSC. This contract encompasses the production, packaging, labeling, and supply of various products to ADNOC Distribution, representing a significant milestone in Texol Lubritech's growth strategy within the region. Abu Dhabi National Oil Company (ADNOC) PJSC is a state-owned energy company based in the UAE, specializing in the production of oil, gas, and petrochemicals.
Major companies operating in the petroleum jelly market report 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.
North America was the largest region in the petroleum jelly market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the petroleum jelly market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the petroleum jelly market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The petroleum jelly market consists of sales of cosmetic formulations, lip balms, skin lotions and creams, diaper rash Creams, healing ointments, makeup removers, hair products, and barrier creams. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Petroleum jelly is a semi-solid mixture of hydrocarbons derived from petroleum, a naturally occurring substance found in the Earth's crust. Its smooth and slippery texture makes it effective in forming a protective barrier, and it is commonly used in various applications. Petroleum jelly is utilized in personal care products as a moisturizing agent, in medicinal ointments, and for lubrication purposes.
The main types of products in the petroleum jelly market include white petroleum jelly, yellow petroleum jelly, and others. White petrolatum jelly is a refined blend of semi-solid hydrocarbons sourced from petroleum jelly that undergoes a decolorizing process. It is available in pharmaceutical, cosmetic, and industrial grades, catering to diverse end-user industries such as pharmaceuticals, cosmetics and personal care, shipping, leather, telecommunications, and others.
The petroleum jelly market research report is one of a series of new reports that provides petroleum jelly market statistics, including petroleum jelly industry global market size, regional shares, competitors with a petroleum jelly market share, detailed petroleum jelly market segments, market trends and opportunities, and any further data you may need to thrive in the petroleum jelly industry. This petroleum jelly market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The petroleum jelly market size has grown strongly in recent years. It will grow from $1.37 billion in 2024 to $1.45 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to industrial applications, medical and pharmaceutical uses, cosmetics industry growth, consumer awareness and preferences, regulatory environment.
The petroleum jelly market size is expected to see strong growth in the next few years. It will grow to $1.77 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to regulatory environment, sustainable and eco-friendly products, health and wellness trends, shift towards natural and organic products, global pandemic impact. Major trends in the forecast period include technological advancements, digital marketing and e-commerce, innovation and product development, growing demand for skincare products, innovative product formulations.
The anticipated surge in demand for cosmetic procedures is poised to drive the growth of the petroleum jelly market. Cosmetic procedures encompass medical or non-medical interventions aimed at enhancing or altering an individual's appearance for aesthetic purposes. Petroleum jelly, renowned for its versatility, is frequently employed in cosmetic procedures. It is used to provide a thin coating on the surgical site before cosmetic surgery and to treat scars post-surgery. As an illustration, a report from the British Association of Aesthetic Plastic Surgeons disclosed that in 2022, the UK witnessed a 102% increase in cosmetic procedures, totaling around 31,057 procedures, as compared to 2021. This surge in cosmetic procedures is a key factor propelling the growth of the petroleum jelly market.
The growing demand from the pharmaceutical industry is anticipated to drive the growth of the petroleum jelly market in the coming years. The pharmaceutical industry encompasses the development, research, and manufacturing of pharmaceutical products, involving extensive investigation, compound development, government regulation, and industry participation. Petroleum jelly is utilized in the pharmaceutical sector for the production of various creams, ointments, and lotions, serving as a skin protector and moisturizer in numerous pharmaceutical products. For example, in September 2024, statistics published by Cross River Therapy, a US-based provider of ABA therapy services, indicated that the U.S. pharmaceutical industry generated $550 billion in revenue, with Americans spending $576.9 billion on medicine in 2021. Projected spending is expected to rise to between $605 and $635 billion by 2025. Therefore, the increasing demand from the pharmaceutical industry is propelling the petroleum jelly market.
Leading companies in the petroleum jelly market are concentrating on creating innovative products, such as petroleum jelly infused with vitamin E, to offer dependable services to their customers. Petroleum jelly with vitamin E is a specialized formulation that enhances skin protection against damage from free radicals. For example, in September 2023, Vaseline, a body care brand under Unilever Plc, a UK-based consumer goods company, introduced Vaseline Radiant X, a new body care line featuring premium skincare ingredients typically reserved for facial products. This line is designed to cater to the unique needs of Black and Brown skin, addressing issues such as moisture imbalance, dark spots, and uneven skin tone.
In July 2024, Texol Lubritech FZC, a UAE-based manufacturer of industrial lubricants and related products and a subsidiary of Gandhar Oil Refinery India, secured a major contract with Abu Dhabi National Oil Company (ADNOC) PJSC. This contract encompasses the production, packaging, labeling, and supply of various products to ADNOC Distribution, representing a significant milestone in Texol Lubritech's growth strategy within the region. Abu Dhabi National Oil Company (ADNOC) PJSC is a state-owned energy company based in the UAE, specializing in the production of oil, gas, and petrochemicals.
Major companies operating in the petroleum jelly market report 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.
North America was the largest region in the petroleum jelly market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the petroleum jelly market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the petroleum jelly market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The petroleum jelly market consists of sales of cosmetic formulations, lip balms, skin lotions and creams, diaper rash Creams, healing ointments, makeup removers, hair products, and barrier creams. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Petroleum jelly is a semi-solid mixture of hydrocarbons derived from petroleum, a naturally occurring substance found in the Earth's crust. Its smooth and slippery texture makes it effective in forming a protective barrier, and it is commonly used in various applications. Petroleum jelly is utilized in personal care products as a moisturizing agent, in medicinal ointments, and for lubrication purposes.
The main types of products in the petroleum jelly market include white petroleum jelly, yellow petroleum jelly, and others. White petrolatum jelly is a refined blend of semi-solid hydrocarbons sourced from petroleum jelly that undergoes a decolorizing process. It is available in pharmaceutical, cosmetic, and industrial grades, catering to diverse end-user industries such as pharmaceuticals, cosmetics and personal care, shipping, leather, telecommunications, and others.
The petroleum jelly market research report is one of a series of new reports that provides petroleum jelly market statistics, including petroleum jelly industry global market size, regional shares, competitors with a petroleum jelly market share, detailed petroleum jelly market segments, market trends and opportunities, and any further data you may need to thrive in the petroleum jelly industry. This petroleum jelly market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Petroleum Jelly Market Characteristics3. Petroleum Jelly Market Trends and Strategies4. Petroleum Jelly Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Petroleum Jelly Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Petroleum Jelly Market34. Recent Developments in the Petroleum Jelly Market
5. Global Petroleum Jelly Growth Analysis and Strategic Analysis Framework
6. Petroleum Jelly Market Segmentation
7. Petroleum Jelly Market Regional and Country Analysis
8. Asia-Pacific Petroleum Jelly Market
9. China Petroleum Jelly Market
10. India Petroleum Jelly Market
11. Japan Petroleum Jelly Market
12. Australia Petroleum Jelly Market
13. Indonesia Petroleum Jelly Market
14. South Korea Petroleum Jelly Market
15. Western Europe Petroleum Jelly Market
16. UK Petroleum Jelly Market
17. Germany Petroleum Jelly Market
18. France Petroleum Jelly Market
19. Italy Petroleum Jelly Market
20. Spain Petroleum Jelly Market
21. Eastern Europe Petroleum Jelly Market
22. Russia Petroleum Jelly Market
23. North America Petroleum Jelly Market
24. USA Petroleum Jelly Market
25. Canada Petroleum Jelly Market
26. South America Petroleum Jelly Market
27. Brazil Petroleum Jelly Market
28. Middle East Petroleum Jelly Market
29. Africa Petroleum Jelly Market
30. Petroleum Jelly Market Competitive Landscape and Company Profiles
31. Petroleum Jelly Market Other Major and Innovative Companies
35. Petroleum Jelly Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Petroleum Jelly Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on petroleum jelly market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for petroleum jelly? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The petroleum jelly market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: White Petroleum Jelly; Yellow Petroleum Jelly; Other Products2) 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
Subsegments:
1) By White Petroleum Jelly: Cosmetic Grade; Pharmaceutical Grade2) By Yellow Petroleum Jelly: Industrial Grade; General Purpose
3) By Other Products: Flavored Petroleum Jelly; Specialty Formulations
Key Companies Mentioned: Exxon Mobil Corporation; Shell Inc.; Petróleo Brasileiro S.A.; PJSC LUKOIL; Repsol S.A.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Petroleum Jelly market report include:- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 1.45 Billion |
| Forecasted Market Value ( USD | $ 1.77 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 27 |
