A study on the petrolatum market has been conducted to understand the market dynamics in 2022

A study on the petrolatum market has been conducted to understand the market dynamics in 2022

Survey period: November 10-16, 2022
Survey company: SDKI Inc.
Survey coverage: We conducted a survey of 556 market players of all sizes. Number of valid answers: 556
Survey method: 250 field surveys, 306 Internet surveys
Survey Respondents: The survey was conducted among companies based on revenue. Question: Why do dermatologists recommend petroleum jelly?
Doctors have recommended petroleum jelly for over 100 years. In the 1950s, renowned chemist Robert Chesebrough began the process of cleaning and distilling the thick gels found in oil wells. Vaseline is said to be safe even for children.
“Petroleum, like all substances, is almost universally safe,” says Mike Patton, spokesperson for the Cosmetics, Toiletries and Fragrance Association of Canada (CCTFA).
Additionally, Paul Hughes, Technical Manager at Unilever Canada (a manufacturer of petroleum jelly), said, “Our personal care products have been tested and meet all regulatory and safety requirements set by Health Canada.” increase. Petroleum is FDA approved and considered an active ingredient in OTC skin protection products.
Therefore, Vaseline has proven to be a very safe product for users and is widely recommended by dermatologists. Vaseline is a hypoallergenic, non-comedogenic formula that is perfect for sensitive and delicate skin.
Question: Is petroleum jelly widely used in cosmetics?
Vaseline is considered a safe ingredient and is therefore widely used in cosmetics. Petroleum is one of 14 cosmetics available on the market. About 15% of lipsticks and about 40% of baby lotions and oils are made up of petroleum. This has no known health concerns when properly purified.
Q: How big is the petrolatum market today?
The petroleum jelly market will grow 3.82% YoY in 2022, reaching a value of around US$4.6 billion by the end of 2022. Moreover, the global business is expected to grow at a rate of 4.3% during the forecast period 2022-2030. The market is also expected to generate USD 6.5 billion in revenue by 2030.
Question: What are the main classifications of the Vaseline market? The petroleum jelly market can be segmented by grade, and end user. This can be further categorized as:-
1- grade
2- End User
cosmetics and personal care
Other industries
Q: Which grades of petroleum jelly are expected to remain important in the market? In the USP and technical grade classifications, USP grades are expected to continue to be an important segment of the petroleum jelly market. The USP segment is expected to grow at a rate of 4.4% between 2022-2030.
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Question: What is the contribution of petroleum jelly in the food packaging industry?
With the progress of globalization, the transportation of fruits and food products around the world is expanding rapidly. The food packaging industry requires petroleum to provide water resistance, gas barrier and heat sealing capabilities. The food industry is expected to hold US$41 million in revenue by the end of 2030 in the petroleum jelly market.
Question: Which region is expected to dominate the Vaseline market? Vaseline sales in North America are the largest in the world. Additionally, the United States is assessed to account for a prominent share of 90% of the total revenue generated in the region. The second region is the Asia-Pacific region, which holds promising opportunities for the petroleum jelly market. In particular, India is expected to grow 4.5% YoY in 2022, reaching US$71 million by the end of the year. [Image 2d72515-2216-315b22d6834580e15772-1.png&s3=72515-2216-36a113440e4ef1dffcdbe775fa368791-642x383.png
About us:
SKI’s purpose is to provide clients with reliable research insights including growth indicators, challenges, trends and the competitive landscape. We have the expertise to work with various market sectors to provide our clients with the best possible service and help them make smart decisions.
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