Press release
Global Petroleum Jelly Market Expected to Grow at a 4.2% CAGR, Reaching US$ 770.3 Million by 2033: FMI Report
Petroleum Jelly Market
A cable-filling compound such as petroleum jelly has been used in the telecommunication industry for years to prevent moisture from entering cables. As a result, the availability of broadband connections at home might increase the demand for optical fiber cables.
The dielectric properties of petroleum jelly are beneficial to optical fiber cables and copper telephone cables. Additionally, petroleum jelly's physical and chemical properties are driving the petroleum jelly market growth.
Discover growth opportunities and assess market potential with an industry overview. Request a sample now and stay ahead of the curve! https://www.futuremarketinsights.com/reports/sample/rep-gb-12643
Petroleum jelly's market growth is mainly fueled by pharmaceutical and cosmetic products. Leather, telecommunications, manufacturing, marine, and other sectors also use it. The material is also resistant to rust and insoluble in water and many other chemicals, so it may be an ideal choice for equipment that requires rust resistance.
Growing investment in manufacturing industries and downstream product utilization is expected to fuel market demand in the coming years as a moisture reduction agent and grooming aid in a wide range of skin treatments, cosmetics, and hair products.
Key Takeaways from Market Study
The petroleum jelly market is expected to hold a CAGR of 4.2% over the forecast period.
USP grade is anticipated to remain the prominent segment in the petroleum jelly market with a CAGR of 3.9%.
It is estimated that the petroleum jelly market in North America may remain strong during the forecast period.
The petroleum jelly market in the United States is estimated to be valued at US$ 103.5 million in 2023.
China is predicted to expand at a CAGR of 4.1% and is estimated to be valued at US$ 245.7 million in 2023.
Discover More - Read the Complete Report: https://www.futuremarketinsights.com/reports/petroleum-jelly-market
Competitive Landscape:
A variety of expansion strategies have been adopted by some leading market players in order to deepen penetration across lucrative markets. Several small-scale companies are merging and acquiring big companies to reach a wide consumer base and incorporate innovative products into their product lines. In addition to launching products, partnering with key players, acquiring companies, and strengthening regional and global distribution networks, these strategies include collaborations with key players.
Some Key Players Operating in the Petroleum Jelly Market:
• International Group, Inc.
• Calumet Specialty Products Partners, L.P
• ExxonMobil
• Sasol
• Lukoil
• Polwax SA
• Nippon Seiro Co., Ltd.
• Repsol
• H&R Group
Recent Developments:
In May 2021, Royal Dutch Shell sold its 50% stake in Deer Park Refining Limited Partnership, a joint venture between the company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). After regulatory approval, Royal Dutch Shell's interest in the partnership and the refinery's sole ownership is likely to be transferred to Pemex.
Calumet Specialty Products Partners announced in March 2020 that it has acquired Paralogics, a manufacturer of industrial and candle wax blends. Once integrated into Calumet's existing wax business value chain, the new capabilities are going to add 20 million pounds of blending and formulating capacity annually.
Unlock Exclusive Insights - Request the Full Report Methodology to Learn More! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12643
Petroleum Jelly Market Segmentation by Category
By Grade
USP
Technical
By End Use
Pharmaceuticals
Cosmetics & Personal Care
Food
By Region
North America
Latin America
Europe
The Middle East and Africa
East Asia
Latest Research Reports on Chemicals & Materials: Navigating Industry Developments
Petroleum And Fuel Dyes and Markers Market: https://www.futuremarketinsights.com/reports/petroleum-and-fuel-dyes-and-markers-market
Fire Retardant Coatings Market: https://www.futuremarketinsights.com/reports/fire-retardant-coatings-market
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Global Petroleum Jelly Market Expected to Grow at a 4.2% CAGR, Reaching US$ 770.3 Million by 2033: FMI Report here
News-ID: 3193328 • Views: …
More Releases from Future Market Insights Inc
Continuous Cardiac Monitoring Devices Market Size and Share Forecast Outlook 202 …
The global Continuous Cardiac Monitoring Devices Market is poised for steady expansion, estimated at USD 8.8 billion in 2025 and projected to reach USD 19.2 billion by 2035, registering a compound annual growth rate (CAGR) of 8.1%. Rising cardiovascular disease prevalence, aging populations, and technological advancements in wearable and remote cardiac monitoring are driving sustained industry momentum.
Dive Deeper into the Data-View the Full Report Here: https://www.futuremarketinsights.com/reports/continuous-cardiac-monitoring-devices-market
Market Overview
Cardiovascular diseases (CVDs)…
Patisserie Packaging Market to Hit USD 11.1 Billion by 2035, Driven by E-commerc …
A new market analysis reveals significant growth potential for the global patisserie packaging sector, projecting its market value to surge from USD 7.1 billion in 2025 to a commanding USD 11.1 billion by 2035. This robust expansion is anticipated to register a Compound Annual Growth Rate (CAGR) of 4.6% over the forecast period, as premium bakery products, e-commerce, and a global push for sustainable solutions redefine the industry.
The surge in…
Smart Plant-Based Food Packaging Market Projected to Nearly Double by 2035, Driv …
A new market forecast highlights the explosive growth potential of the Smart Plant Based Food Packaging market, projecting a near-doubling in valuation over the next decade. According to the report, the global market, estimated at USD 291.5 billion in 2025, is anticipated to surge to USD 576.1 billion by 2035, exhibiting a robust Compound Annual Growth Rate (CAGR) of 7.1%.
The surge reflects a global pivot toward sustainable logistics and packaging,…
Resealable Packaging Labels Market Projected to Soar to USD 27.4 Billion by 2035 …
A new comprehensive market report reveals that the global Resealable Packaging Labels Market is set for robust growth, with its value estimated to surge from USD 16.0 billion in 2025 to USD 27.4 billion by 2035. The market is projected to expand at a steady Compound Annual Growth Rate (CAGR) of 5.5% over the forecast period, reflecting a paradigm shift in consumer priorities toward product convenience, guaranteed freshness, and enhanced…
More Releases for Petroleum
Green Petroleum Coke and Calcined Petroleum Coke Market : An Overview
Introduction:
Green petroleum coke (GPC) and calcined petroleum coke (CPC) are key by-products of the oil refining process. GPC, a carbon-rich material, is used primarily as a fuel in industries such as power generation and cement manufacturing. When subjected to high temperatures, GPC is transformed into CPC, which finds applications in aluminum smelting, steel manufacturing, and titanium dioxide production. Both materials are critical in various industrial processes due to their high…
Green Petroleum Coke and Calcined Petroleum Coke Market : An Overview
Introduction:
The green petroleum coke (GPC) and calcined petroleum coke (CPC) market is a critical segment of the global energy and materials industries. Green petroleum coke, a byproduct of crude oil refining, is an unprocessed carbon material used in various industrial applications. Calcined petroleum coke, produced by heating GPC at high temperatures, is primarily used in aluminum smelting, steel manufacturing, and chemical processes. With increasing demand for energy and industrial materials,…
Petroleum Jelly Petroleum Jelly Market Innovative Strategy by 2031 | Major Giant …
Petroleum Jelly Market: Introduction
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…
Global Liquefied Petroleum Gas Market 2020 Business Strategies – Chevron Corpo …
The market report titled “Liquefied Petroleum Gas Market By Source (Refinery, Associated Gas, and Non-Associated Gas) and By End-User (Residential & Commercial, Petrochemical & Refineries, Industrial, and Transportation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” and published by Zion Market Research will put forth a systematizedevaluation of the vital facets of the global Liquefied Petroleum Gas Market market. The report willfunction as a medium for the better assessment of…
Natural Gas Market to Witness Huge Growth by 2025 | Qatar Petroleum, Sempra Ener …
The Global Natural Gas Market has witnessed continuous growth in the past few years and may grow further during the forecast period (2019-2025). The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. These insights also help the business decision-makers to formulate better business plans and make informed decisions for…
Petroleum Coke Market Players British Petroleum, Marathon Petroleum Corporation
Introduction:
Petroleum coke or petcoke, a solid rock material is a byproduct of crude oil refining and other cracking processes. Although a refining byproduct, petroleum coke is considered as a valued commodity since 2008, all over the world. Crude oil remained after separating other valuable petroleum products from refining process such as diesel, lubricants, waxes, etc. can be processed further in cokers or other cracking processes to produce petroleum coke. Different…
