Petroleum Jelly Global Market Report 2026

Petroleum jelly is a semi-solid mixture of hydrocarbons derived from petroleum, a naturally occurring substance found in the Earth's crust. Its smooth and slippery texture makes it effective in forming a protective barrier, and it is commonly used in various applications. Petroleum jelly is utilized in personal care products as a moisturizing agent, in medicinal ointments, and for lubrication purposes.

The main types of products in the petroleum jelly market include white petroleum jelly, yellow petroleum jelly, and others. White petrolatum jelly is a refined blend of semi-solid hydrocarbons sourced from petroleum jelly that undergoes a decolorizing process. It is available in pharmaceutical, cosmetic, and industrial grades, catering to diverse end-user industries such as pharmaceuticals, cosmetics and personal care, shipping, leather, telecommunications, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the petroleum jelly market by increasing the cost of imported crude derivatives and refined petroleum feedstocks. These cost pressures have influenced pricing across pharmaceutical, cosmetic, and industrial grade petroleum jelly segments. Asia-Pacific and North America have been most impacted due to dependence on global crude oil trade flows. To offset tariff effects, manufacturers are focusing on local refining, supply chain optimization, and long-term sourcing contracts. In some regions, tariffs have supported domestic refining capacity and stabilized local production.

The petroleum jelly market research report is one of a series of new reports from The Business Research Company that provides petroleum jelly market statistics, including petroleum jelly industry global market size, regional shares, competitors with a petroleum jelly market share, detailed petroleum jelly market segments, market trends and opportunities, and any further data you may need to thrive in the petroleum jelly industry. This petroleum jelly market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The petroleum jelly market size has grown steadily in recent years. It will grow from $1.43 billion in 2025 to $1.49 billion in 2026 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to growth of cosmetics and skincare industry, use in medicinal ointments, expansion of industrial lubrication needs, growth in leather processing, demand from shipping applications.

The petroleum jelly market size is expected to see strong growth in the next few years. It will grow to $1.84 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing personal care consumption, growth of pharmaceutical manufacturing, rising demand for premium cosmetic products, expansion of telecom infrastructure, development of specialty formulations. Major trends in the forecast period include rising use in personal care products, growing demand for pharmaceutical grade jelly, expansion of industrial lubrication applications, increased focus on product purity standards, growth of specialty and value added formulations.

The rising demand for cosmetic procedures is expected to propel the growth of the petroleum jelly market going forward. Cosmetic procedures include medical and non-medical interventions aimed at enhancing or altering an individual's appearance. Petroleum jelly is widely used in these procedures, as it is applied to protect surgical sites with a thin barrier layer before cosmetic operations and to aid in post-procedure healing by treating scars, wounds, and surgical incisions. For instance, in June 2024, according to the American Society of Plastic Surgeons, a US-based nonprofit organization, minimally invasive procedures increased by 7% in 2023, outpacing surgical procedure growth by 2%. Hand surgeries, including treatments for carpal tunnel, arthritis, and trigger finger, reached 207,887 procedures-a 2% rise from 2022. Therefore, the increasing demand for cosmetic procedures is driving the growth of the petroleum jelly market.

Major companies operating in the petroleum jelly market are focusing on developing innovative products such as petroleum jelly enriched with vitamin E to provide enhanced skincare benefits. Petroleum jelly with vitamin E offers improved protection by helping shield the skin from damage caused by free radicals. For instance, in September 2023, Vaseline, a body care brand under Unilever Plc, a UK-based consumer goods company, launched Vaseline Radiant X, a new body care line formulated with premium skincare ingredients typically found in facial products. This line is designed to address the specific needs of Black and Brown skin, including moisture imbalance, dark spots, and uneven skin tone.

In July 2024, Texol Lubritech FZC, a UAE-based manufacturer of industrial lubricants and related products and a subsidiary of Gandhar Oil Refinery India, secured a major contract with Abu Dhabi National Oil Company (ADNOC) PJSC. The agreement includes the production, packaging, labeling, and supply of various products to ADNOC Distribution, marking a significant milestone in Texol Lubritech's regional growth. ADNOC PJSC is a UAE-based state-owned energy company specializing in oil, gas, and petrochemical production.

Major companies operating in the petroleum jelly market are Exxon Mobil Corporation, Shell Inc., Petroleo Brasileiro S.A., PJSC LUKOIL, Repsol S.A., Unilever plc, Sasol Wax Group, Teva Pharmaceuticals Inc., H&R Group, Sonneborn LLC, Nippon Seiro Co. Ltd., Bliss GVS Pharma Ltd., Polwax SA, Calumet Specialty Products Partners LP, Blistex Inc., Eastern Petroleum Pvt. Ltd., Raj Petro Specialities Pvt. Ltd., Sovereign Chemicals & Cosmetics, Kerax Limited, Vasa Cosmetics Private Limited, Persia Paraffin, Unisynth Group, Shimi Taghtiran Company, Unicorn Petroleum Industries Pvt Ltd, KK India Petroleum Specialities Pvt. Ltd.

North America was the largest region in the petroleum jelly market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the petroleum jelly market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the petroleum jelly market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The petroleum jelly market consists of sales of cosmetic formulations, lip balms, skin lotions and creams, diaper rash Creams, healing ointments, makeup removers, hair products, and barrier creams. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Petroleum Jelly Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses petroleum jelly market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for petroleum jelly ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The petroleum jelly market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: White Petroleum Jelly; Yellow Petroleum Jelly
• 2) By Grade: Pharmaceutical Grade; Cosmetic Grade; Industrial Grade
• 3) By End User Industry: Pharmaceutical; Cosmetics And Personal Care
• Subsegments:
• 1) By White Petroleum Jelly: Cosmetic Grade; Pharmaceutical Grade
• 2) By Yellow Petroleum Jelly: Industrial Grade; General Purpose
• Companies Mentioned: Exxon Mobil Corporation; Shell Inc.; Petroleo Brasileiro S.A.; PJSC LUKOIL; Repsol S.A.; Unilever plc; Sasol Wax Group; Teva Pharmaceuticals Inc.; H&R Group; Sonneborn LLC; Nippon Seiro Co. Ltd.; Bliss GVS Pharma Ltd.; Polwax SA; Calumet Specialty Products Partners LP; Blistex Inc.; Eastern Petroleum Pvt. Ltd.; Raj Petro Specialities Pvt. Ltd.; Sovereign Chemicals & Cosmetics; Kerax Limited; Vasa Cosmetics Private Limited; Persia Paraffin; Unisynth Group; Shimi Taghtiran Company; Unicorn Petroleum Industries Pvt Ltd; KK India Petroleum Specialities Pvt. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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