Petroleum Jelly Market to Witness Growth Acceleration by 2031/ Unilever, Shell Group, Sasol Ltd, and Sonneborn LLC (HF Sinclair Corp.).

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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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

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Contact Person: Mr. Anurag Tiwari

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