Demand Surge in Pharmaceuticals and Cosmetics Drives Petroleum Jelly Market Growth

The global petroleum jelly industry is expected to reach a market value of US$ 525.1 million in 2023. This may push the market size to US$ 770.3 million in 2033. The overall market is expected to thrive at 4.2% CAGR. Petroleum jelly’s market growth is mainly fueled by pharmaceutical and cosmetic products. Leather, telecommunications, manufacturing, marine, and other sectors also use it. The …