White petroleum jelly is a mixture of mineral oils and wax and has a semi–solid texture with smoky colour. One of the best properties of this petroleum jelly is that it has a very high boiling point and is compatible with most plastics, specifically polypropylene. White petroleum jelly has several industrial applications too and is one of the major ingredients used in several beauty products and many other fields of application like telecommunications, pharmaceuticals, shipping, and many others. It possesses a lot of healing properties due to which it is used for the treatment of injuries as well as is used in medicines. White petroleum jelly comes to aid in situations such as rashes, fungal infections, nosebleeds, common cold, and many more. This wide range of uses and applications of petroleum jelly is what constitutes a great market opportunity in the white petroleum jelly industry.
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Why is the white Petroleum Jelly Market worth Investing in?
The global market of white petroleum jelly had yielded revenue of USD 1.3 billion in the year 2019 and has been estimated to reach a revenue of USD 1,939 million by the year 2030. The expected CGAR rate for the growth of the white petroleum jelly industry is 3.1 %. The key drivers for the widespread of the petroleum jelly industry are the cosmetic and pharmaceutical applications of white petroleum jelly.
Going beyond the use of white petroleum jelly in cosmetics, white petroleum jelly has amazing healing and moisturizing properties. This means that white petroleum jelly is used for the healing of dry and damaged skin and moisturizing the skin. Moreover, their healing property extends to the treatment of any injury or even infections. This is why white petroleum jelly is being demanded in the cosmetic and pharmaceutical industries, driving the global white petroleum jelly market.
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White petroleum jelly is an odourless and greasy substance, which has a waxy texture and can act as a skin lubricant. This means that white petroleum jelly can be applied to the skin to reduce the friction which is caused between the skin and the garments being worn by the individual when performing certain activities like sports like cycling, wrestling, and so on. Furthermore, not just a skin lubricant, white petroleum jelly acts as a lubricant in certain areas like in inks, paintings, coatings, textiles, leather, cars, and so on. Thus, the extensive use of white petroleum jelly in several fields, in the form of lubricants is what seems to be driving the overall industry of white petroleum jelly.
Apart from its uses in the skincare and treatment of humans, there are many other properties of white petroleum jelly-like greasy substance that has excellent anti-rust properties. This also contributes to its water-resistant properties and hence extends its uses in several industries like leather, manufacturing, marine as well as the telecommunications industry. The brilliant anti-rust properties of the white petroleum jelly have led to a great extension of its industrial use.
Additionally, white petroleum jelly is also used as a key ingredient in some hair grooming products. Nowadays, hair gel and even hair wax are being used very commonly. The use of white petroleum jelly in these products is what helps in good hair grooming and styling. Hair wax also extends to moustache as well as a beard wax. This relatively new field of its use has been a boosting element for the extension of the global white petroleum jelly market.
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Conclusion
The project report by Niir Project and Consultancy Services (NPCS) has been made on the white petroleum jelly industry and stated all the market evaluations and insight of the industry. The project report on the white petroleum jelly market states all the key drivers of the industry and the future scope in this industry. The report by NPCS on the white petroleum jelly industry has been re-attested and verified.
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