Petroleum Jelly Market To Surpass Valuation Of US$ 716.9 Mn By 2031, Increasing Use in Food Preparation Machinery and Cosmetic Sector to Drive Market, TMR Insights

ALBANY, N.Y., Oct. 14, 2021 /PRNewswire/ -- In the management of epistaxis, petroleum jelly is utilized. It is also found in cosmetics for hair and skin. Hair pomades, which keep the hair glossy, also include petroleum jelly. Petroleum jelly is utilized on non-stainless steel blades, metal trinkets, and gun barrels in industrial appliances as an anticorrosion layer. Due to its water resistant qualities, petroleum jelly can be applied as a finishing coat on smooth leather and wood items. Its extensive use is likely to support growth of the global petroleum jelly market in the years to come.

One of the most important ingredients in the production of cosmetics is petroleum jelly. The petroleum jelly's thickness works as a barrier, preventing dirt build-up. This feature helps to prevent skin damage caused by dirt. Furthermore, using petroleum jelly on the skin prevents dry skin from peeling and is ideal for those with sensitive skin. Flourishing cosmetic sector is expected to support the demand for petroleum jelly in the cosmetic industry.

The global petroleum jelly market is anticipated to grow at a CAGR of 4.26% during the forecast period, from 2021 to 2031. The market is projected to reach the valuation of US$ 716.9 Mn through 2031.

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Key Findings of Market Report

• Expanding Telecommunications Industry Offers Several Growth Prospects to Global Market

Petroleum jelly's outstanding characteristics make it valuable in the telecommunications sector, which is likely to work in the favor of the global petroleum jelly market. It is used as a cable filler material to prevent moisture from penetrating the cables. Petroleum jelly's dielectric characteristics extend the life of optical fiber cables and copper telephone lines. Its excellent dielectric properties, water resistance, and high melting point prevent traditional copper telephone cables (JFTC) and optical fiber cables (OFC) from deteriorating, thereby extending their service life.

Due to the expansion of residential broadband connections, the demand for optical fiber cables is expected to surge. The need for cables is being driven by the use of remote work solutions by many organizations as a result of the COVID-19 outbreak. As a result, the rising number of consumers using Internet is expected to boost the development prospects of the global petroleum jelly market.

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• Increased Use of Petroleum Jelly for Healing Skin Irritation to Spell Growth for Global Market

Topical skin protectants containing petroleum jelly are utilized in the treatment of itchy, scaly, rough, dry, and mild skin irritations. It aids in the removal of dead skin cells. It also moisturizes the skin. Petroleum jelly assists in healing wound, relieving diaper rash, preventing blisters, and treating psoriasis and eczema. Atopic dermatitis (eczema) in neonates and babies can also be treated using petroleum jelly. Petroleum jelly may also be used as a home treatment to get rid of lice in hair. Petroleum jelly, according to the dermatologists from the American Academy of Dermatology, can help relieve first-degree burns, sunburn, and small wounds caused by a shard of glass or a sharp knife. It prevents the wound from drying out by keeping it wet. As a result, it aids in the prevention of a scab forming over the wound. Rising demand for treating various skin conditions is expected to fuel the development of the global petroleum jelly market in the upcoming years.

Petroleum Jelly Market: Growth Drivers

• As a battery terminal compound, petroleum jelly can be used. When used on battery terminals and cable clamps, it protects them from corrosion. Petroleum jelly's hydrophobic nature allows it to function as a moisture barrier. It also maintains the battery terminals clean, which helps to keep the battery in excellent working order.
• Petroleum jelly can be utilized in a range of applications that include lubrication for food-preparation machinery and metal protection. As a result, petroleum jelly improves the quality of food production.

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Petroleum Jelly Market: Key Competitors

Some of the key market players are

• Nippon Siero Co., Ltd.
• Royal Dutch Shell plc.
• Raj Petro Specialities Pvt. Ltd.
• Sovereign Chemicals & Cosmetics
• Unisynth Group
• Shimi Taghtiran Co.

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Petroleum Jelly Market: Segmentation

Grade

• Industrial
• Medical
• Cosmetic

End User

• Pharmaceuticals
• Cosmetic & Personal Care
• Food
• Textile
• Leather

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