The global petroleum jelly market is anticipated to grow at a moderate CAGR of 4.2% during the forecast period (2024–2031). The market growth is driven by the rising consumption of cosmetics products including moisturizers, lip balms, and hair care products. Petroleum jelly is an important ingredient in the manufacturing of such products. With widespread demand for cosmetic products, major cosmetics manufacturer are investing to expand their production capacity. For instance, in May 2023, Beiersdorf AG invested nearly $325.0 million in a sustainable plant in Leipzig-Seehausen. The production facility is aimed to enhance innovation capability and capacities for long-term growth with 200 employees producing up to 450 million cosmetic products for the European market each year.

Moreover, major cosmetic manufacturers have also invested in other companies to extend their product portfolio and offerings. For instance, L’Oréal announced an agreement to make a minority investment in SHINEHIGH INNOVATION, an innovation-led biotech company in China, to establish a long-term partnership for the co-development of novel and sustainable beauty solutions. This is L’Oréal’s first open innovation investment in China through Shanghai Meicifang Investment Co., Ltd (Meicifang), with the support from BOLD (Business Opportunities for L’Oréal Development), L'Oréal Groupe’s strategic innovation venture capital fund company.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Grade
By End-user

Regions Covered- 

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape includes Unilever, Shell Group, Sasol Ltd, and Sonneborn LLC (HF Sinclair Corp.).

Petroleum Jelly Market Report Segment

By Grade

Industrial
Medical
Cosmetic

By End-user

Pharmaceuticals
Cosmetic & personal care
Food
Textile

A full Report of Petroleum Jelly Market is Available @  https://www.omrglobal.com/industry-reports/petroleum-jelly-market

Petroleum Jelly Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles

Adinath Chemicals
Calumet Specialty Products Partners, L.P.
Hangzhou Oleochemicals Co., Ltd.
Lodha Chemicals (Lodha Petro)
Navid Noor Polymer
Nippon Siero Co., Ltd.
Petrobras
PetroNaft Co.
Raj Petro Specialities Pvt. Ltd.
Shimi Taghtiran Co.
Sovereign Chemicals & Cosmetics
Sun Chem Group
Unisynth Group
Shimi Taghtiran Co.

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