Petroleum Jelly or petrolatum (C15H15N) is a gel-like substance that is composed of mineral oils and waxes, which are chemically called a hydrocarbon mix, specifically the paraffin series. The product is a petroleum-derived by-product produced from crude oil. It appears to be a translucent, yellow/amber or white gel that has no taste or odour.
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It has various advantages, which can be attributed to its feedstock petroleum, such as cuts, healing minor scrapes and burns, working like a makeup remover, as a face moisturiser, controlling rashes, preventing split ends, as a lubricating agent and others. Its respective melting, boiling, and flash point are 70-80 °C, 322 °C, and 198 °C.
Key Details About the Petroleum Jelly Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Petroleum Jelly price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Petroleum Jelly Price chart, including India Petroleum Jelly price, USA Petroleum Jelly price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Petroleum Jelly Price Trend:
Petroleum Jelly has primary use in pharmaceutical and medical applications where it is used as a protective dressing and to replace the fats in ointments and cosmetics. Furthermore, it finds application in various sorts of polishes, rust preventives, modelling clay, and lubricating greases. In the personal care and cosmetic product segment, it can be used as a moisturising agent in many products like baby care, moisturisers, conditioners, lip balms, etc., furthering the demand growth. Also, it is employed for the production of Vaseline as well as other popular products such as Aquaphor, Neosporin etc.
Key Players:
- Sasol Limited
- Unilever PLC
- Unisynth Oil Refinery India Ltd. (Unisynth Group)
- Raj Petro Specialities Pvt. Ltd
- Sonneborn LLC
- Eastern Petroleum Pvt. Ltd
- Unicorn Petroleum Industries Pvt. Ltd
- Kerax Limited
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