Project report for Petroleum Jelly Manufacturing

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Introduction

In India, Commercial Petroleum Jelly is used in the manufacturing of lubricants & Grease. Petroleum Jelly of good quality is used in Vaseline manufacturing. It is also used as a moisturizer in good quality toilet soaps. It also finds its use as a anti rusting agent for iron goods like blade, wire surgical instruments etc. It is available in the market in various forms. It may be white, yellow, green or may be of some colour depending upon ingredients used. This project is prepared for white petroleum jelly, which can be used in cosmetics and pharmaceuticals. Hence strict quality control is required for the manufacturing of this item. Petroleum Jelly is a semi-solid mixture of hydrocarbons which is originally promoted as a topical ointment for its healing properties. Now a day’s Petroleum jelly became a medicine chest staple, consumers began to use it for cosmetic purposes and for many ailments including toenail fungus, genital rashes, nosebleeds, diaper rash, and common colds. Its folkloric medicinal value as a "cure-all" has since been limited by better scientific understanding of appropriate and inappropriate uses. It is mostly used in emulsion form in cosmetics & pharmaceutical for the preparations of various creams, ointments, lotions etc.

Market potential & Strategy

The petroleum jelly is having very good market potential in view of development of cosmetic & pharmaceutical industry in India. Present demand for petroleum jelly including export demand is around 70000 metric tonne per annum. Growth rate in demand for 2021: 7% per annum. Various Cosmetics and pharmaceuticals are used by the large number of people in general for wounds, cuts, burns, skin diseases. In today’s business word, more and cosmetics industries are coming up and there by increasing the demand for the raw materials like petroleum jelly. Hence it can be assumed that the petroleum jelly is having very good market potential in view of development of cosmetic & pharmaceutical industry in India.

The adoption of petroleum Jelly is increasing at an exponential rate because of its physical and chemical properties. The key driver for the petroleum jelly market growth is the increase in the demand for petroleum Jelly in pharmaceutical and cosmetic products. It has vast demand in an array of application areas like leather, telecommunications, manufacturing, marine, and others. Also, it is resistant and insoluble in water and many other chemicals, which are expected to make it a suitable solution in applications where equipment needs rust resistance. The report has been analyzed the detailed analysis with the market drivers, restraints. On the other hand, the potential side effects of petroleum Jelly like allergies and infections are restraining the petroleum jelly market growth.

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