TAGS: Skin Care
Hair Care
According to a new report by Transparency Market Research, the global petroleum jelly market is expected to expand at a CAGR of 4.26 percent during the forecast period. Petroleum jelly is used in the treatment of epistaxis. It is also used in skin and hair care products. Petroleum jelly is also used in hair pomades, which keep the hair shiny.
Key Region – North America
North America is a key region of the global petroleum jelly market. The U.S. held large share of the
petroleum jelly market in North America in 2020. The growth of the market in the country can be ascribed to the expansion of the cosmetic industry. The increase in the use of personal care and skincare products in the U.S. is driving cosmetics industry.
According to the Forbes magazine, the U.S. was the world’s largest beauty market in 2020. Women in the U.S. spend around US$ 3,756 on cosmetics annually. Petroleum jelly is a vital ingredient used in the manufacture of skincare, personal care and hair care products. Petroleum jelly keeps the skin hydrated and enhances its health. Thus, the rise in the demand for cosmetics products is expected to boost the consumption of petroleum jelly.
Harsh weather conditions in Europe are driving the demand for skincare products. Petroleum jelly
helps retains the moisture in the skin, thus protecting the skin from becoming dry. Thus, rise in usage of petroleum jelly as a moisturizing agent and battery terminal compound is anticipated to boost the demand for petroleum jelly in the region.
Petroleum Jelly Used in Various Applications
In industrial appliances, petroleum jelly is used as an anticorrosion coat on metallic trinkets, non-stainless steel blades, and gun barrels. Petroleum jelly can be used as a finishing coat on wood and smooth leather products, owing to its water repellent properties. In industrial production processes, petroleum jelly is utilized as a release agent for plaster molds and castings. It can also be used as a waterproofing cream in the leather industry. Furthermore, petroleum jelly is utilized as a tack reducer additive in paper printing inks.
Petroleum jelly can be used in various applications that serve the purpose of metal protection as well as lubrication for machinery used in food preparation. Thus, petroleum jelly enhances food production standards. Petroleum jelly can be used as a release agent for plaster molds and castings. It can be used as a mold release agent for simple molds without fine details. The jelly can be directly applied by the hand. Thus, petroleum jelly can be a cost effective alternative to other traditional mold release agents.
Petroleum jelly can be used as a battery terminal compound. It protects battery terminals from corrosion when applied on the cable clamps and battery terminals. The hydrophobic nature of petroleum jelly enables it to act as a barrier to moisture. It also keeps battery terminals free from dirt, thus helping retain battery in good condition. The emergence of electric vehicles to reduce the global carbon footprint and encouragement by governments in the form of incentives for the purchase of e-vehicles are anticipated to boost the demand for batteries, thus propelling the petroleum jelly market during the forecast period.
List of Petrolatum Ingredients
Source: Transparency Market Research