As cited by the business intelligence report titled ‘Global Petroleum Jelly Market Size study, by Grade (Pharmaceutical Grade, Cosmetic Grade, Industrial Grade), End-Use Industry (Pharmaceutical, Cosmetics and Personal care, Shipping, Leather, Telecommunication, Others) and Regional Forecasts 2020-2027’, available with Market Study report LLC, global petroleum jelly market is anticipated to amass substantial gains during 2020-2027.
 

Worldwide petroleum jelly market growth can largely be attributed to escalating demand for pharmaceutical and cosmetic products due to growing consumer awareness regarding the benefits of natural products.
 

Moreover, innovative product launches, and strategic alliances such as acquisitions, collaborations, and mergers by industry majors are expected to add considerable traction to the overall industry growth in the ensuing years.
 

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For the record, petroleum jelly, also referred to as petrolatum, is a compound which is derived by combining waxes and natural oils. It possesses several superior properties such as oxidation resistance, water insolubility, jelly-shaped inflammability, and high melting point.
 

Elaborating on the factors restricting global petroleum jelly market expansion, low accessibility and availability of mineral jelly reserves containing organic mineral jelly ingredients is expected to obstruct business development during the analysis timeframe.
 

Based on grade, global petroleum jelly market is bifurcated into industrial grade, cosmetic grade, and pharmaceutical grade.
 

Elaborating on end-user landscape, the market is divided into telecommunication, leather, shipping, cosmetic & personal care, and pharmaceuticals among others.
 

From a regional frame of reference, North America captures a majority of global petroleum jelly market share, on account of rapid development in cosmetic as well as pharmaceutical industries.
 

Likewise, Asia-Pacific market is touted to grow exponentially over 2020-2027, due to surging demand for cosmetic and pharmaceutical products in the region.
 

Top companies defining the global petroleum jelly market trends are Sonneborn LLC, Unilever plc, Sasol Ltd., Brenntag SE, Eastern Petroleum Pvt. Ltd., Raj Petro Specialties Pvt. Ltd., Persia Paraffin, Unisynth Group, Sovereign Chemicals and Cosmetics, and Shimi Taghtiran Co.