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( MENAFN - EIN Presswire) Emergen Research Logo The global petrolatum market size was USD 1.84 billion in 2022 and is expected to register a rapid revenue CAGR of 3.0% during the forecast period VANCOUVER, BRITISH COLUMBIA, CANADA, June 6, 2024 /EINPresswire / -- The global petrolatum market , valued at USD 1.

84 billion in 2022, is projected to experience a steady growth rate with a revenue CAGR of 3.0% during the forecast period. The rising demand for petrolatum in Pharmaceutical and personal care products is a significant factor contributing to this growth.



Market Overview Petrolatum, commonly known as petroleum jelly, is a semi-solid mixture of mineral oils and waxes. It is widely used for its lubricating, moisturizing, and protective properties. Petrolatum is essential in various industries, including pharmaceuticals, cosmetics, manufacturing, telecommunications, maritime, and leather, where it helps prevent water damage and rusting.

Claim Your FREE Sample Copy with Table of content@ Market Drivers The primary drivers of market growth include: Pharmaceutical and Personal Care Demand: Petrolatum is popular in pharmaceutical and personal care products due to its ability to create a moisture-sealing barrier over dry and injured skin, promoting healing. Industrial Applications: Its anti-rust and water-repellent properties make petrolatum valuable in manufacturing and other industrial sectors, providing effective solutions to prevent machinery and operational damage. Petrolatu.

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