Petroleum Jelly Market Size | Industry Trends & Growth Insights 2025

Code: MTA10300 Publication Date: Oct 2025

What is the size of Petroleum Jelly Market?

According to 6Wresearch internal database and industry insights, the Global Petroleum Jelly Market was valued at USD 3.1 Billion in 2024 and is expected to reach USD 5.6 Billion by 2031, growing at a compound annual growth rate of 9.10% during the forecast period (2025-2031).

The main drivers of this growth are the rising popularity of multifunctional skin-care and ointment bases, consumers’ increased wellness-oriented lifestyles and demand for barrier-protection products for dry and sensitive skin, and the expanding use of petroleum jelly in industrial lubrication and protective applications.

Growth Factors for Petroleum Jelly Industry

  • Rising interest in plant-based and natural equivalents as alternatives to conventional petroleum jelly in personal care.
  • Growing demand for functional skin-care and wound-care formulations is driving petroleum jelly usage.
  • Increasing preference among aesthetics and dermatology professionals for moisturisers with barrier protection and minimal ingredients.
  • Expansion of subscription-based personal-care refill services and online retail channels for skin-care staples.
  • Innovation in ready-to-use and themed petroleum jelly products with enhanced formulation and targeted application.

Petroleum Jelly Market Trends

The trends in the Petroleum Jelly Market indicate an increase in ready-to-use (RTU) ointments are on the rise along with multi-purpose petroleum jelly tubs, single-serve sachets, and sustainable packaging formulations. We see increased interest in product blends comprising barrier-protective and dermatologically-grade petroleum jelly, and skin care brands continue to prioritise simplicity in their formulations. Consumers continue to take note of vegan and minimalist formulations, and companies invest in social media and influencer marketing to attract the wellness-focused consumer.

Emerging Developments in the Petroleum Jelly Market

Emerging Developments in the Petroleum Jelly Market show an interest emerging for advanced protective products that combine petroleum jelly with smart packaging, thermal-control or sensor-responsiveness for skincare and industrial applications.  We are also seeing under-development compact single-serve pods, and cold-fusion production formats for small packaged formulations and applications with limited space, convenience seeking users, and other applications. E-commerce channels continue to be important, and subscription-based shopping is increasing, and brands are eyeing expanding into new geographic markets along with omnichannel and custom refill packaging.

List of Leading Companies in the Petroleum Jelly Market

Some of the leading companies include:

  • Unilever
  • Procter & Gamble
  • Sasol Ltd
  • Sonneborn LLC
  • Raj Petro
  • Godrej Consumer Products
  • Holly Frontier Corporation

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