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Petrolatum Market Size Worth USD 2.46 Billion in 2032 | Emergen Research
Petrolatum Market
Market Drivers
One of the key factors propelling the market growth is the rising demand for petrolatum in pharmaceutical and cosmetic products. With its ability to create a sealing barrier over dry and wounded skin, petrolatum effectively traps moisture, aiding in the skin's healing process. Moreover, its anti-rust and water repellent properties make it indispensable in various industries like manufacturing, telecommunications, maritime, and leather.
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Market Restraints
Despite the upward trajectory, the market faces challenges stemming from the increasing availability of natural pharmaceutical and cosmetic products. Consumer awareness about natural alternatives and the growing preference for such products due to rising purchasing power pose constraints to the petrolatum market's revenue growth.
Segment Insights
Petrolatum Product Type Insights:
The global petrolatum market is segmented into white petrolatum and yellow petrolatum. White petrolatum dominates the market, owing to its hypoallergenic and non-comedogenic properties. Widely used in pharmaceutical and personal care products like moisturizers, lip balms, and baby care items, white petrolatum undergoes thorough refinement to ensure purity, making it a preferred choice in healthcare and cosmetic applications.
On the other hand, the yellow petrolatum segment is poised for moderate growth, driven by increased spending on research and development to innovate products for industrial uses such as sealants, lubricants, and corrosion inhibitors. Manufacturers are responding to consumer demands for natural and organic products by focusing on creating environment-friendly yellow petroleum-based products.
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Petrolatum Grade Insights:
The pharmaceutical and cosmetics grade segment is anticipated to hold a significant market share due to the escalating demand for petrolatum in pharmaceuticals, cosmetics, and personal wellness products. Recognized for its versatility and cost-effectiveness, pharmaceutical and cosmetics grade petrolatum finds applications in skincare, personal hygiene, and medical treatments.
Petrolatum Top Companies and Competitive Landscape
The global petrolatum market is fairly consolidated with few large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing testing, and introducing more effective petrolatum market solutions in the market.
• Sonneborn LLC
• Shimi Taghtiran Company
• Persia Paraffin
• Sovereign Chemicals & Cosmetics.
• Eastern Petroleum
• UNICORN PETROLEUM INDUSTRIES PVT. LTD.
• Unisynth Group
• Sasol
• Brenntag SE
• Unilever
• Exxon Mobil Corporation.
• Calumet Specialty Products Partners, L.P.
• The Lubrizol Corporation
• Raj Petro Specialities Pvt. Ltd
• Repsol
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Petrolatum Latest Industry News
• On 16 December, 2020, Sasol Limited launched a new range of petrolatum-based products called Sasolwax H1. These products are designed for use in the food processing industry as release agents and lubricants, which are produced using sustainable raw materials and are free from Genetically Modified Organisms (GMOs).
Petrolatum Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global petrolatum market on the basis of product type, grade, end use, and region.
• Product Type Outlook (Revenue, USD Billion; 2019-2032)
o White Petrolatum
o Yellow Petrolatum
• Grade Outlook (Revenue, USD Billion; 2019-2032)
o Pharmaceutical and Cosmetic Grade
o Industrial Grade
o Others
• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Pharmaceutical and Cosmetics Personal Care
o Shipping
o Leather
o Telecommunications
o Others
• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa
Find More Competitor in TOC with Profile Overview Share Growth Analysis @ https://www.emergenresearch.com/industry-report/petrolatum-market
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
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