Renewed fighting between US and Iran has slowed shipping through the Gulf of Hormuz, disrupting supply routes. Benchmark crude prices have climbed sharply from pre-conflict levels, reflecting heightened geopolitical risk. The upward price pressure is likely to continue while tensions persist.
Rising U.S. demand for Korean cosmetics, fueled by retail expansion and social media, is accelerating. The category's lower price points compared with prestige skincare risk pulling down average spending in the cosmetics market as consumers shift toward more affordable options.
Asia
The Asian petroleum jelly market during the fourth quarter reflected mixed dynamics of crude oil feedstock costs, which experienced modest volatility and a gradual decline through the period. Early in the quarter, prices faced downward adjustments as raw material costs softened amid global oversupply concerns and tempered demand projections. Manufacturers adjusted price offerings in response to reduced input expenses, though downstream sectors, including cosmetics, pharmaceuticals, and personal care products, maintained selective procurement patterns. As the quarter progressed, the occasional upward sentiment emerged as seasonal industrial demand provided temporary support. However, persistent feedstock availability and weaker economic indicators from China, particularly slower industrial activity, limited sustained recovery. The latter part of the quarter saw cautious trading as demand from key end-use sectors remained measured amid ongoing trade uncertainties.
Europe
European petroleum jelly markets navigated wavering price conditions throughout the fourth quarter as crude oil supply abundance created persistent cost pressure on raw material inputs. Manufacturers gradually adjusted pricing strategies as oversupply expectations intensified, though demand from pharmaceutical and cosmetic applications provided partial support. Brief stabilization attempts sparked by trade developments proved temporary as underlying feedstock abundance reasserted influence. Industrial and personal care sectors demonstrated measured consumption patterns amid broader economic uncertainties, with procurement activity reflecting cautious inventory management. The quarter concluded with prices fluctuating within established ranges as participants balanced adequate supply availability against moderate demand signals from key manufacturing and consumer goods industries.
North America
North American petroleum jelly markets exhibited relatively stable pricing dynamics during the quarter, mirroring the measured trajectory of crude oil feedstock costs. Prices adjusted modestly early in the period before establishing consistent trading patterns as raw material inputs maintained steady availability. Domestic refining capacity provided reliable production economics, while demand from pharmaceutical, cosmetic, and industrial lubrication applications remained consistent. Regional price differentials reflected localized supply-demand considerations and distribution infrastructure capabilities, with overall market sentiment showing greater stability compared to international volatility.
Analyst Insight
According to Procurement Resource, petroleum jelly prices are expected to remain steady in the near term as feedstock costs stabilize and downstream demand holds at current levels. Market direction will depend on crude oil supply developments and consumption patterns across key end-use industries.
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Asia
The Asian petroleum jelly market in Q3’25 has shown relatively stable price movements, reflecting broader shifts in the upstream crude oil market. The impact of fluctuating crude oil prices has directly influenced the production costs of petroleum jelly, as the latter is derived from the refining of crude oil. There has been moderate volatility in the crude oil prices with a slight downtrend. This brought slight relief for the petroleum jelly manufacturers as the production costs lowered. Meanwhile, demand for petroleum jelly has remained steady, particularly in countries with large pharmaceutical and cosmetic sectors. The market was also influenced by regional regulations and consumer preferences, which have remained relatively consistent. Overall, supply disruptions and fluctuations in crude oil prices have had a somewhat muted effect on the availability and pricing of petroleum jelly in the region.
Europe
In Europe, the petroleum jelly market has experienced a slightly more pronounced effect from upstream crude oil price fluctuations. The price of crude oil in European markets has shown a mix of volatility, with several upward movements during the quarter. As crude oil prices moved slightly lower amid the oversupply, manufacturers in the region faced lower input costs for petroleum jelly production. However, the market in Europe also benefits from a well-established infrastructure for refining and production, which has helped to moderate the impact of crude oil price changes. Furthermore, demand for petroleum jelly in Europe has remained stable, driven by its use in both personal care and industrial applications.
North America
The North American petroleum jelly market in Q3’25 exhibited price trends consistent with those in Asia and Europe, reflecting the upstream fluctuations in crude oil prices. However, the market in North America showed signs of greater resilience against price volatility due to a combination of factors, including diversified sources of supply and relatively stable production costs. The demand for petroleum jelly in North America has been steady, driven by strong consumption in the healthcare, cosmetic, and industrial sectors. While raw material costs rose in response to crude oil price increases, these were balanced by the ongoing stability of downstream applications, particularly in the pharmaceutical and personal care industries, which form a significant part of the demand base.
In appearance, Petroleum Jelly, is a semi-solid substance, which is a mixture of hydrocarbons (with carbon numbers mainly higher than 25). It is basically a mixture of mineral waxes and oils. The melting point of Petroleum Jelly lies somewhere between 40 and 70 °C (105 and 160 °F). Moreover, it does not oxidise upon exposure to air. It is widely used as a topical ointment or skin protectant owing its healing properties.
Personal care,ointment bases for veterinarian usage, Dermatological and opthalmic, creams and hand cleansers.
8009-03-8, Petrolatum, White Petrolatum, Soft Paraffin
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
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In order to produce Petroleum Jelly, the waxy petroleum material formed on oil rigs is used as a starting material. This crude material, which is made up of hydrocarbon mixture, undergoes vacuum distillation. This leaves behind a still residue, which is finally filtered using bone char to produce Petroleum Jelly.
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