Press release
Petroleum Jelly Market Poised for Growth: Regional Insights and Market Developments 2024-2030
๐ ๐๐ญ๐ซ๐จ๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฅ๐ฅ๐ฒ ๐๐๐ซ๐ค๐๐ญThe global petroleum jelly market is set to experience continued growth, driven by rising demand from diverse end-use industries, including personal care, pharmaceuticals, and cosmetics. Petroleum jelly, known for its versatile and effective moisturizing properties, remains a popular ingredient in skincare products, ointments, and other therapeutic applications. This press release explores key developments, mergers and acquisitions, and regional trends shaping the future of the petroleum jelly market.
๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐๐ญ๐ ๐๐จ๐ซ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฅ๐ฅ๐ฒ ๐๐๐ซ๐ค๐๐ญ
The size of the petroleum jelly market is anticipated to grow at a compound annual growth rate (CAGR) of 4.26% from USD 1.16 billion in 2023 to about USD 1.56 billion by 2030.
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ: ๐๐๐ฒ ๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐ ๐ฎ๐๐ฅ๐ข๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Several factors are contributing to the rapid expansion of the petroleum jelly market:
Growing Demand in Personal Care and Cosmetics: Petroleum jelly is a key ingredient in skincare, lip balms, and lotions. As the global skincare market expands, so does the demand for petroleum jelly, especially for its moisturizing and healing properties.
Increasing Use in Pharmaceuticals: Petroleum jelly is commonly used in pharmaceutical applications, such as in ointments, wound care, and skin treatments, boosting its demand in the healthcare industry.
Rising Awareness of Skin Care and Wellness: With the growing consumer focus on personal care and wellness, especially in emerging markets, petroleum jelly's role in moisturizing and protecting skin has become more recognized and in demand.
Cost-Effectiveness and Versatility: Petroleum jelly's affordability and multipurpose usage in different industries (cosmetics, pharmaceuticals, food, and more) make it an attractive choice for manufacturers and consumers alike.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ @https://www.maximizemarketresearch.com/request-sample/71870/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ: ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐จ๐ฏ๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฅ๐ฅ๐ฒ ๐๐๐ซ๐ค๐๐ญ
Several key mergers and acquisitions are reshaping the global petroleum jelly market, helping companies expand their product portfolios, enhance production capabilities, and better serve their customers.
Vietnam: In Vietnam, a merger between a leading local chemical manufacturer and a global petroleum jelly supplier is set to boost the country's production capacity. This acquisition aims to meet the rising demand for petroleum jelly in the growing beauty and skincare industry in Southeast Asia.
Thailand: Thailand is becoming a hub for the production and export of petroleum jelly, with a recent acquisition by a major pharmaceutical company to enhance its supply chain in the region. This merger aims to expand production and offer higher-quality petroleum jelly for use in both pharmaceutical and cosmetic products.
Singapore: Singapore's strategic location and developed infrastructure make it a key player in the petroleum jelly market. Recent mergers between local chemical companies and international suppliers are expected to improve the efficiency of petroleum jelly production and distribution, particularly for use in the growing skincare market in Asia.
Japan: Japan's pharmaceutical and personal care sectors are driving the demand for high-quality petroleum jelly. A recent merger between a Japanese pharmaceutical company and an international petroleum jelly producer is set to improve the availability and innovation of petroleum jelly products in the country, particularly in skincare formulations.
South Korea: In South Korea, a major acquisition between a leading South Korean personal care brand and a global petroleum jelly supplier aims to expand the availability of petroleum jelly for skincare and therapeutic products. This merger is expected to accelerate the development of new, innovative petroleum jelly-based products for the Korean market.
European Union: Europe remains a key market for petroleum jelly, driven by high demand in both the cosmetic and pharmaceutical industries. Recent mergers in Europe between European chemical suppliers and petroleum jelly producers are expected to result in more sustainable and advanced production methods, as well as higher-quality petroleum jelly for premium personal care products.
United States: In the US, several mergers and acquisitions in the petroleum jelly market are helping companies expand their product offerings and distribution networks. A significant acquisition by a leading US-based personal care brand of a petroleum jelly manufacturer is set to enhance innovation in skincare products, focusing on moisturizing and protective solutions.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฏ๐ข๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/71870/
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฅ๐ฅ๐ฒ ๐๐๐ซ๐ค๐๐ญ
Vietnam
Vietnam is experiencing a growing demand for petroleum jelly, particularly in the skincare and pharmaceutical industries. Recent mergers in the country between local manufacturers and international petroleum jelly suppliers are expected to increase production capacity and cater to the increasing demand for personal care products in Southeast Asia.
Thailand
The demand for petroleum jelly is rising in Thailand, particularly in the personal care and pharmaceutical sectors. A recent acquisition in the Thai market is set to boost local production and distribution, improving access to high-quality petroleum jelly products.
Singapore
As a global trade hub, Singapore is increasingly becoming a center for petroleum jelly production and export. Recent strategic mergers between local distributors and international manufacturers are expected to improve the supply chain, making petroleum jelly more widely available across Asia-Pacific markets.
Japan
Japan's advanced skincare industry continues to drive strong demand for petroleum jelly. The country's focus on high-quality, therapeutic skincare products has led to strategic mergers between local pharmaceutical companies and global petroleum jelly producers. These partnerships are set to introduce new, innovative petroleum jelly-based formulations for the Japanese market.
South Korea
In South Korea, petroleum jelly is widely used in skincare and therapeutic products. Recent mergers and acquisitions between South Korean personal care brands and global petroleum jelly manufacturers are expected to strengthen the availability of high-quality petroleum jelly and introduce new product lines tailored to the local market.
European Union
The European market for petroleum jelly remains robust, with strong demand in cosmetics, personal care, and pharmaceuticals. Recent mergers and acquisitions between European chemical producers and petroleum jelly manufacturers are driving product innovation and improving sustainability in petroleum jelly production.
United States
In the US, petroleum jelly is used across a variety of applications, from skincare to pharmaceuticals. The US market is benefiting from strategic acquisitions that are enhancing production efficiency and introducing new, innovative products. Mergers between US-based personal care companies and petroleum jelly suppliers are helping to meet the growing demand for high-performance skincare products.
๐ ๐๐ซ๐จ๐ฆ๐ข๐ฌ๐ข๐ง๐ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฅ๐ฅ๐ฒ ๐๐๐ซ๐ค๐๐ญ
The petroleum jelly market is experiencing a positive growth trajectory, driven by rising demand from personal care, pharmaceutical, and therapeutic industries. Strategic mergers and acquisitions, along with innovations in product formulations, are helping companies expand their reach and improve production capabilities. As the market for personal care products continues to grow globally, petroleum jelly will remain a vital ingredient in skincare and therapeutic applications, offering new opportunities for both established players and newcomers in the industry.
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/71870/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ซ๐๐๐
Pharmaceutical Grade
Cosmetic Grade
Industrial Grade
๐๐ฒ ๐๐ง๐-๐๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Pharmaceutical
Cosmetics and Personal care
Shipping
Leather
Telecommunication
Others
During the projected period, the pharmaceutical industry is anticipated to take a larger share of the worldwide petroleum jelly market than the cosmetics and personal care segment. Protecting and healing dry skin is one of the many uses for petroleum jelly. It is a multifunctional, reasonably priced skincare product that can be purchased online and at pharmacies and supermarkets. Additionally, it is helpful for several cosmetic and personal care applications, such as avoiding split ends, removing eye makeup, and eliminating skin stains from hair dyes. Furthermore, due to its advantageous qualities, petroleum jelly is frequently used in medicine to cure wounds and scars.
๐๐๐ญ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ :https://www.maximizemarketresearch.com/market-report/petroleum-jelly-market/71870/
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. Unilever
2. Sonneborn LLC
3. Sasol
4. Raj Petro
5. Eastern Petroleum
6. Persia Paraffin
7. Sovereign Chemicals and Cosmetics
8. Unisynth Group
9. Shimi Taghtiran Company
10. Brenntag AG
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
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