Report Code: A15753 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Petrolatum Market
Request Now !Petrolatum is a semi-solid substance formed from the mixture of mineral oils and waxes. Petroleum jelly is also known as mineral jelly or petroleum jelly since it is made up of a mixture of mineral waxes and oils.
Petrolatum was discovered on an oil rig in 1859.It acts as a plasticizer for polypropylene and is also compatible with most other polymers. Petrolatum, which is made up of hydrocarbons, offers various advantages, including a high melting point, inflammability in its jelly state, resistance to oxidation when exposed to air, and insolubility in water. Petrolatum is widely employed in a variety of industrial applications due to its lubricating and coating qualities. Petrolatum natural properties make it excellent for use in a variety of industries, including telecommunications, telecommunications, cosmetics, pharmaceuticals, and shipping, to name a few. Furthermore, because of its healing characteristics, petrolatum is widely utilized in medical treatment of injuries and scars. In a similar vein, petrolatum is used to treat a variety of medical concerns including toenail fungus, nosebleeds, common colds, diaper rashes, non-STD genital rashes and among others.
COVID-19 Impact analysis
Top Impacting Factors
In the near future, the global petrolatum market is likely to be driven by an increase in demand for pharmaceutical and cosmetic products. On dry and injured skin, petrolatum provides a sealing barrier that seals in moisture and aids in the skin's natural recovery process. Petrolatum is in high demand in the pharmaceutical and cosmetics industries as a result of this. Petrolatum is a great water repellent and anti-rust agent. It has no odor and is completely harmless. During the projected period, petrolatum’s qualities are expected to drive the market. Petrolatum is required in various industries, including marine, leather, telecommunications, and manufacturing, where rusting or water can cause severe damage to equipment and operations. As a result, the use of petrolatum aids these businesses in efficiently overcoming problems. Due to increased customer knowledge of natural products and increased purchasing power, one of the primary limitations of the global petrolatum market might be an increase in demand for natural pharmaceutical and cosmetic items around the world. Another market constraint could be the availability of natural-based petrolatum replacements.
Market Trends
Key Benefits of the Report
Petrolatum Market Report Highlights
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Key Market Players | Shimi Taghtiran Company, Sonneborn LLC, Raj Petro, Sovereign Chemicals & Cosmetics, Sasol, Eastern Petroleum, Persia Paraffin, Unisynth Group, Unilever |
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