Petroleum Jelly Petroleum Jelly Market Innovative Strategy by 2031 | Major Giant Eastern Petroleum, Eastern Petroleum, etc
Transparency Market Research delivers key insights on the global petroleum jelly market. In terms of value, the global petroleum jelly market is expected to expand at a CAGR of 4.26% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global petroleum jelly market.
Get a Sample Copy of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72726
Petroleum jelly is used in the treatment of epistaxis. It is also used in skin care and hair care products. Petroleum jelly is also used in hair pomades, which keep the hair shiny. In industrial appliances, petroleum jelly is used as an anticorrosion coat on metallic trinkets, non-stainless steel blades, and gun barrels. Petroleum jelly can be used as a finishing coat on wood and smooth leather products, owing to its water repellent properties. In industrial production processes, petroleum jelly is utilized as a release agent for plaster molds and castings. It can also be used as a waterproofing cream in the leather industry. Furthermore, petroleum jelly is utilized as a tack reducer additive in paper printing inks.
Petroleum Jelly Market: Dynamics
Petroleum jelly can be used in various applications that serve the purpose of metal protection as well as lubrication for machinery used in food preparation. Thus, petroleum jelly enhances food production standards. Petroleum jelly can be used as a release agent for plaster molds and castings. It can be used as a mold release agent for simple molds without fine details. The jelly can be directly applied by the hand. Thus, petroleum jelly can be a cost effective alternative to other traditional mold release agents.
Petroleum jelly can be used as a battery terminal compound. It protects battery terminals from corrosion when applied on the cable clamps and battery terminals. The hydrophobic nature of petroleum jelly enables it to act as a barrier to moisture. It also keeps battery terminals free from dirt, thus helping retain battery in good condition. The emergence of electric vehicles to reduce the global carbon footprint and encouragement by governments in the form of incentives for the purchase of e-vehicles are anticipated to boost the demand for batteries, thus propelling the petroleum jelly market during the forecast period.
Petroleum Jelly Market: Prominent Regions
North America is a key region of the global petroleum jelly market. The U.S. held large share of the petroleum jelly market in North America in 2020. The growth of the market in the country can be ascribed to the expansion of the cosmetic industry. The increase in the use of personal care and skincare products in the U.S. is driving cosmetics industry. According to the Forbes magazine, the U.S. was the world's largest beauty market in 2020. Women in the U.S. spend around US$ 3,756 on cosmetics annually. Petroleum jelly is a vital ingredient used in the manufacture of skincare, personal care and hair care products. Petroleum jelly keeps the skin hydrated and enhances its health. Thus, the rise in the demand for cosmetics products is expected to boost the consumption of petroleum jelly.
Take Enquiry before buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=72726
The rapid growth of the petroleum jelly market in Europe is driven by the expansion of the electronic vehicles market. The implementation of stringent regulations on reduction of carbon footprint has driven the purchase of electronic vehicles. Electronic vehicles use batteries to store energy. This helps eliminate the need of traditional gasoline fuel, thus eliminating the emission of hydrocarbons. As battery terminal compound, petroleum jelly protects battery terminals from corrosion, dirt, and moisture, thus increasing the service life of batteries.
According to the IBEF (Indian Brand Equity Foundation), in the 2021-2022 Union Budget, the Government of India allocated US$ 1.9 Bn for the development of telecom infrastructure, which includes completion of optical fiber cable-based network for defense services. Thus, increase in investment in the telecom infrastructure in Asia Pacific is anticipated to boost the petroleum jelly market in the region during the forecast period.
Petroleum Jelly Market: Key Players
Key players operating in the global petroleum jelly market are Royal Dutch Shell, Sonneborn LLC, Sasol, Raj Petro Specialities Pvt. Ltd., Eastern Petroleum, Eastern Petroleum, Sovereign Chemicals & Cosmetics, Unisynth Group, Shimi Taghtiran Co., Nippon Siero Co., Ltd., and Petrobras.
Global Petroleum Jelly Market: Segmentation
Petroleum Jelly Market, by Grade
Petroleum Jelly Market, by End User
Cosmetic & Personal Care
Others (including Paints & Coatings, Adhesives, and Telecommunications)
Get Complete Report for Better Understanding: https://www.transparencymarketresearch.com/petroleum-jelly-market.html
Petroleum Jelly Market: Overview
According to Transparency Market Research's latest research report on the global petroleum jelly market for the historical period of 2020 and the forecast period of 2021 to 2031, rise in demand for petroleum jelly, owing to its application in pharmaceutical, personal care, and manufacturing industries is expected to boost the global petroleum jelly market during the forecast period. Approved by the U.S. Food and Drug Administration (FDA), petroleum jelly is widely used as over-the-counter (OTC) skin protectant for treating ailments such as toenail fungus, genital rashes, nose bleeds, diaper rashes, and common colds.
In terms of revenue, the global petroleum jelly market is expected to exceed US$ 716.9 Mn by 2031, expanding at a CAGR of 4.26% during the forecast period. Petroleum jelly, also known as petrolatum, white petrolatum, soft paraffin, and mineral jelly, is a semi-solid mixture of hydrocarbons derived from a waxy petroleum material obtained from oil rigs. Petroleum jelly is widely used in various ointments. It is also used as a lubricant. Petroleum jelly is also used as a stabilizer in the manufacture of propellant cordite (smokeless propellant used as an alternative for gun powder in military applications) and surface cleanser (erasing tar stain from leather products). In marine applications, petroleum jelly is used as an underwater antifouling coat for motorboats and sailing yachts.
Relevant Reports Publish by TMR
Waterproofing Membranes Market: https://www.transparencymarketresearch.com/waterproofing-membrane-market.html
Magnetic Polymer Market: https://www.transparencymarketresearch.com/magnetic-polymer-market.html
Chemical Warehousing Market: https://www.transparencymarketresearch.com/chemical-warehousing-market.html
Tire Recycling Downstream Products Market: https://www.transparencymarketresearch.com/tire-recycling-downstream-products-market.html
Activated Alumina Market: https://www.transparencymarketresearch.com/activated-alumina-market.html
Floating Power Plant Market: https://www.transparencymarketresearch.com/floating-power-plant-market.html
Organosilicon Electrolyte Market: https://www.transparencymarketresearch.com/organosilicon-electrolyte-market.html
Li Metal Battery Market: https://www.transparencymarketresearch.com/lithium-metal-battery-market.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Petroleum Jelly Petroleum Jelly Market Innovative Strategy by 2031 | Major Giant Eastern Petroleum, Eastern Petroleum, etc here
News-ID: 2697564 • Views: …
More Releases from Transparency Market Research
Global Autonomous Train Technology Market Forecast 2023-2031 - Market Size, Driv …
The autonomous train technology market is poised for substantial growth, reflecting a paradigm shift in the global transportation landscape. Valued at US$ 1.9 billion in 2022, the market is anticipated to witness a robust CAGR of 6.4%, reaching US$ 3.4 billion by 2031. This surge is attributed to key factors such as increased investments in railway infrastructure and the growing demand for reliable, sustainable, and energy-efficient transport systems. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚
Automotive Braking Component Market Size, Share And Growth Analysis For 2023-203 …
The global automotive braking component industry, valued at US$ 47.9 billion in 2022, is poised for significant growth, with an estimated Compound Annual Growth Rate (CAGR) of 4.0% from 2023 to 2031. Projections suggest that the market will reach US$ 68.3 billion by the end of 2031. This robust expansion is attributed to several key factors, including the surge in automotive production and vehicle ownership, advancements in safety technologies, and
Internet of Things (IoT) in Healthcare Market 2022: Industry Analysis, Size, Sha …
The Integration of Internet of Things (Iot) has emerged as a transformative force, catalyzing unprecedented advancements in patient care, operational efficiency, and overall healthcare outcomes. According to the latest market report, the IoT in Healthcare market was valued at a staggering US$ 91.71 billion in 2021 and is projected to exhibit a remarkable CAGR of 21.8% from 2022 to 2031, ultimately reaching an estimated value of US$ 648.94 billion by
Property Management Software Market Analysis, Size, Share, Growth, Trends, and F …
The Property Management Software Market is emerging as a key player in reshaping the way real estate is managed and optimized. According to recent press releases, the global property management software market was valued at an impressive US$ 14.89 billion in 2021, and projections indicate a robust compound annual growth rate (CAGR) of 8.21% from 2022 to 2031. This momentum is expected to catapult the market to a staggering US$
More Releases for Petro
White Oil Market | Sinopec Corporation, Sonneborn, Inc., British Petroleum, Petr …
Global White Oil Market: Overview The rising application of white oil across diverse segment is the chief driver of the global white oil market. Steady growth is predicted for the market in the forthcoming years as white oil applications in personal care, pharmaceuticals, and polymers report increase. Besides this, the product is consumed extensively as a base ingredient in the processing of thermoplastics elastomers, personal care formulations, and medicines. Personal
Global Food Grade Mineral Oil Market 2018-2025 Eastman Chemical, BASF, Flowserve …
Market study on Global Food Grade Mineral Oil Market 2018 Research Report presents a professional and complete analysis of Global Food Grade Mineral Oil Market on the current market situation. Report provides a general overview of the Food Grade Mineral Oil industry 2018 including definitions, classifications, Food Grade Mineral Oil market analysis, a wide range of applications and Food Grade Mineral Oil industry chain structure. The 2018's report on
De-Aromatic Solvents Market Report for Period 2018 till 2024 Exxon Mobil, Petro …
Global De-Aromatic Solvents market report emphasizes on detailed analysis of companies and manufacturers like Cepsa, Gandhar Oil Refinery, Neste Oyj, Sinopec Group, Petro China, Luoyang Jinda, Maohua Shihua, Exxon Mobil, Royal Dutch Shell, Mehta Petro Refineries, Eastern Petroleum, SK and Others. De-aromatic solvents, also called de-aromatized hydrocarbon solvents or de-aromatic solvents, are a class of hydrocarbon solvents that are characterized by the presence of paraffinic, iso-paraffinic, and naphthenic components with
Global Lemongrass Essential Oil Market 2018-2025 Sky Petro-Chem, Vemo 99, Shiv S …
A market study "Global Lemongrass Essential Oil Market" examines the performance of the Lemongrass Essential Oil market 2018. It encloses an in-depth Research of the Lemongrass Essential Oil market state and the competitive landscape globally. This report analyzes the potential of Lemongrass Essential Oil market in the present and the future prospects from various angles in detail. The Global Lemongrass Essential Oil Market 2018 report includes Lemongrass Essential Oil market Revenue,
Global Petro-based Succinic Acid market 2018 - Reverdia, Astatech, R-Biopharm, E …
Apex Market Reports, recently published a detailed market research study focused on the "Petro-based Succinic Acid Market" across the global, regional and country level. The report provides 360° analysis of "Petro-based Succinic Acid Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Petro-based Succinic Acid industry, and estimates the future trend of
Hydrates Market Growth Study 2017 to 2022 Sinopec, Total SA, Global Oil, Petro C …
Gas Hydrates market research 2017 Global market study " Gas Hydrates Market Share 2017-2022 " analyses the crucial factors of the Gas Hydrates market based on present industry situations, market demands, business strategies adopted by Gas Hydrates market players and their growth scenario. This report isolates the Gas Hydrates market based on the key players, Type, Application and Regions. The Gas Hydrates report provides the past, present and future Gas Hydrates