Industrial Wax Market by Product, End-user, and Geography - Forecast and Analysis 2023-2027

Published: Feb 2023

Pages: 184

SKU: IRTNTR72686

Snapshot

The industrial wax market is estimated to grow at a CAGR of 3.5% between 2022 and 2027. The size of the market is forecast to increase by USD 1,513.88 million. The growth of the market depends on several factors, including increasing demand for industrial wax in coating applications, rise in demand for industrial wax from the personal care industry, and increasing industrial wax production capacity.

This report extensively covers market segmentation by product (fossil based waxes, synthetic based waxes, and bio-based-waxes), end-user (candle manufacturing, cosmetics, packaging, coatings and polishes, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Industrial Wax Market During the Forecast Period?

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Parent Market Analysis

The reports categorize the global industrial wax market as a part of the global specialty chemicals market. The global specialty chemicals market covers products and companies engaged in high-value-added chemicals used in the manufacturing of a wide variety of products, including, but not limited to, fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Industrial Wax Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increased demand for industrial wax in coating applications is notably driving the market growth, although factors such as a growing preference for fiberboard packaging may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Industrial Wax Market Driver

The increased demand for industrial wax in coating applications is notably driving market growth. The coating industry, for instance, is growing at a significant pace with the increase in construction and manufacturing activities. Wax is an important component in coating formulations, as it imparts important characteristics like abrasion resistance, aesthetic appeal, and non-adhesiveness. In addition to this, wax is widely used in formulations because of its relatively low cost, high reliability, and low reactivity when compared with other additives. Paraffin is by far the most common type of wax used in the coatings industry due to its nonpolar characteristics.

Decorative coatings, specialty coatings, and equipment manufacturer coatings are contributing to the growth of the market as they are used in a wide range of industries ranging from aerospace, automotive, and woodwork to construction and other manufacturing industries. The coating industry in APAC is expected to grow exponentially with the increase in demand for decorative, industrial maintenance, and protective coatings from end-users. Thus, the increase in demand for coatings from various industrial end-users will drive the growth of the market in focus during the forecast period.

Significant Industrial Wax Market Trend

The emergence of technology to convert recycled plastics into wax is the key trend in the market. Plastic and wax both are petroleum-derived products. Most plastic uses naphtha as the main raw material. Considering the fact that plastics are, by far, the most toxic waste due to their non-degradable characteristics, private investors, researchers, and scientists are attempting to convert recycled plastic into wax with the aim of managing plastic waste globally.

The process of converting plastic can result in three products, namely, light fuel that can be sold to petrochemical industries, candle wax, and thick brown wax, which can be used in polishes or cosmetics. Many companies, for instance, GreenMantra have claimed that it has been able to convert all their plastic into wax by focusing largely on the production of wax rather than fuel at an investment, which is 50% less than conventional wax manufacturing. More developments like these could result in the cost-effective production of industrial wax, which will positively impact the market growth during the forecast period.

Major Industrial Wax Market Challenge

The growing preference for fiberboard packaging is the major challenge impeding market growth. Traditionally, wax has been used in the packaging industry as it provides resistance to moisture, and preserves the strength of corrugated containers, which hold wet or products like fruits, vegetables, seafood, poultry, and meat that are preserved in ice. However, these wax coatings cannot be recycled because they are insoluble in water, which poses a problem during the repulping process. Thus, the packaging industry is working diligently in order to develop recyclable alternatives. The development of recyclable alternatives to wax has led to the increased adoption of corrugated packaging, which can be recycled.

Corrugated fiberboard is the new packaging material that is gaining traction in the packaging industry as a replacement for wax, as it is easy to handle, cost-effective, lightweight, versatile, and functional. The development of recyclable alternatives to wax has led to the increased adoption of corrugated packaging, which can be recycled. More than 50% of recyclable alternative coatings to wax have passed the certification testing for re-palpability and recyclability and have been registered with the Fibre Box Association (FBA). Thus, these recyclable alternatives to wax coatings will pose a major threat to the growth of the market during the forecast period.

Key Industrial Wax Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Industrial Wax Market Customer Landscape

Who are the Major Industrial Wax Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Sonneborn LLC - The company operates under one segment. Under this segment, the company offers microcrystalline wax that includes oilfield and drilling, personal care, pharmaceutical, polymers and adhesives, creams and lotions, pj blending, hair care, pomades, rubs, and balms. The company offers industrial wax such as Fischer Tropsch Hard Wax, Fischer Tropsch Medium Wax, n Paraffins.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Industrial Wax Market?

The market share growth of the fossil based wax segment will be significant during the forecast period. Mineral waxes and petroleum waxes commonly referred to as hydrocarbon waxes constitute fossil based waxes. Paraffin is primarily an oil refinery waste product that is present in a combination of oil and wax and is recommended for use in sustainable applications such as preserving the freshness and quality of fruits. Due to their low heat conductivity, poor electrical conductivity, and minimal chemical reactivity, paraffin is suitable for applications that use microactuators. Thus, the increasing uses of fossil based waxes, such as paraffin wax, will drive the growth of the market

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The fossil based waxes were valued at USD 2,992.80 million in 2017 and continued to grow until 2021. Paraffin wax is a type of petroleum wax that constitute fossil based waxes. Paraffin wax is majorly used in the cosmetics industry. Because it is colorless, odorless, and tasteless, it is frequently used in skin-softening salon and spa treatments on the hands, cuticles, and feet. It can also be applied to soothe aching muscles and joints. Paraffin wax can also help reduce inflammation and muscular spasms. Thus, the increasing uses of fossil based waxes, such as petroleum wax, will drive the growth of the market.

Which are the Key Regions for the Industrial Wax Market?

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APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is a major region for several petroleum refineries, which produce wax as their refined products. APAC is also the region with the most refinery expansion projects in the pipeline and, thus, contributed to the growth of the market in terms of the production of industrial wax. The growth of the oil refining market in APAC is majorly backed by China as the country is undergoing significant changes to meet its ever-growing demands.

The refinery capacity in APAC, specifically in China, is among the highest in the world and is still growing. The rise in refining capacity is mainly attributed to independent refiners. Other than these, the number of state-owned refineries is also growing rapidly. Thus, the increase in the number of oil refineries and capacity expansion in existing refineries are expected to increase the exponential growth of the market in APAC during the forecast period.

In 2020, the outbreak of COVID-19 negatively impacted the growth of the regional market. However, the resumption of operations in end-user industries, such as automotive and candle manufacturing, revived the demand for industrial wax. Moreover, the digitization of business processes and the rise in industrialization will fuel the growth of the regional market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Product Outlook (USD Million, 2017 - 2027)
- Fossil based waxes
- Synthetic based waxes
- Bio-based waxes

Application Outlook (USD Million, 2017 - 2027)
- Candle manufacturing
- Cosmetic
- Packaging
- Coatings and polishes
- Others

Region Outlook (USD Million, 2017 - 2027)
- APAC
  - China
  - India
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- South America
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Industrial Wax Market Scope
Report Coverage	Details
Page number	184
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 3.5%
Market growth 2023-2027	USD 1,513.88 million
Market structure	Fragmented
YoY growth 2022-2023(%)	3.16
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 38%
Key countries	US, Canada, China, India, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	American Fuel and Petrochemical Manufacturers, American Refining Group Inc., BASF SE, Calumet Specialty Products Partners LP, Compania Espanola de Petroleos SA, Evonik Industries AG, Exxon Mobil Corp., Gandhar Oil Refinery India Ltd., HollyFrontier Corp., Honeywell International Inc., Indian Oil Corp. Ltd., Numaligarh Refinery Ltd., Sasol Ltd., Shell plc, Sinopec Shanghai Petrochemical Co. Ltd., Sonneborn LLC, Blayson Group Ltd., The International Group Inc., Kerax Ltd., and Lodha Petro
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Industrial Wax Market Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the industrial wax market between 2023 and 2027
Precise estimation of the industrial wax market size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the industry across APAC, North America, Europe, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of industrial wax market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global industrial wax market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global industrial wax market 2017 - 2021 ($ million)

4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product

6.3 Fossil based waxes - Market size and forecast 2022-2027
- Exhibit 34: Chart on Fossil based waxes - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Fossil based waxes - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Fossil based waxes - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Fossil based waxes - Year-over-year growth 2022-2027 (%)

6.4 Synthetic based waxes - Market size and forecast 2022-2027
- Exhibit 38: Chart on Synthetic based waxes - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Synthetic based waxes - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Synthetic based waxes - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Synthetic based waxes - Year-over-year growth 2022-2027 (%)

6.5 Bio-based waxes - Market size and forecast 2022-2027
- Exhibit 42: Chart on Bio-based waxes - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Bio-based waxes - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Bio-based waxes - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Bio-based waxes - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Product
- Exhibit 46: Market opportunity by Product ($ million)
- Exhibit 47: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 48: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 49: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 50: Chart on Comparison by End-user
- Exhibit 51: Data Table on Comparison by End-user

7.3 Candle manufacturing - Market size and forecast 2022-2027
- Exhibit 52: Chart on Candle manufacturing - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Candle manufacturing - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Candle manufacturing - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Candle manufacturing - Year-over-year growth 2022-2027 (%)

7.4 Cosmetic - Market size and forecast 2022-2027
- Exhibit 56: Chart on Cosmetic - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Cosmetic - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Cosmetic - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Cosmetic - Year-over-year growth 2022-2027 (%)

7.5 Packaging - Market size and forecast 2022-2027
- Exhibit 60: Chart on Packaging - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Packaging - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Packaging - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Packaging - Year-over-year growth 2022-2027 (%)

7.6 Coatings and polishes - Market size and forecast 2022-2027
- Exhibit 64: Chart on Coatings and polishes - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Coatings and polishes - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Coatings and polishes - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Coatings and polishes - Year-over-year growth 2022-2027 (%)

7.7 Others - Market size and forecast 2022-2027
- Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.8 Market opportunity by End-user
- Exhibit 72: Market opportunity by End-user ($ million)
- Exhibit 73: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 75: Chart on Market share by geography 2022-2027 (%)
- Exhibit 76: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 77: Chart on Geographic comparison
- Exhibit 78: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027
- Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027
- Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 US - Market size and forecast 2022-2027
- Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 India - Market size and forecast 2022-2027
- Exhibit 111: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on India - Year-over-year growth 2022-2027 (%)

9.12 Canada - Market size and forecast 2022-2027
- Exhibit 115: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 116: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 117: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 118: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 119: Market opportunity by geography ($ million)
- Exhibit 120: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 121: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 123: Overview on factors of disruption

11.4 Industry risks
- Exhibit 124: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 125: Vendors covered

12.2 Market positioning of vendors
- Exhibit 126: Matrix on vendor position and classification

12.3 American Fuel and Petrochemical Manufacturers
- Exhibit 127: American Fuel and Petrochemical Manufacturers - Overview
- Exhibit 128: American Fuel and Petrochemical Manufacturers - Product / Service
- Exhibit 129: American Fuel and Petrochemical Manufacturers - Key offerings

12.4 American Refining Group Inc.
- Exhibit 130: American Refining Group Inc. - Overview
- Exhibit 131: American Refining Group Inc. - Product / Service
- Exhibit 132: American Refining Group Inc. - Key offerings

12.5 BASF SE
- Exhibit 133: BASF SE - Overview
- Exhibit 134: BASF SE - Business segments
- Exhibit 135: BASF SE - Key news
- Exhibit 136: BASF SE - Key offerings
- Exhibit 137: BASF SE - Segment focus

12.6 Blayson Group Ltd.
- Exhibit 138: Blayson Group Ltd. - Overview
- Exhibit 139: Blayson Group Ltd. - Product / Service
- Exhibit 140: Blayson Group Ltd. - Key offerings

12.7 Calumet Specialty Products Partners LP
- Exhibit 141: Calumet Specialty Products Partners LP - Overview
- Exhibit 142: Calumet Specialty Products Partners LP - Business segments
- Exhibit 143: Calumet Specialty Products Partners LP - Key offerings
- Exhibit 144: Calumet Specialty Products Partners LP - Segment focus

12.8 Compania Espanola de Petroleos SA
- Exhibit 145: Compania Espanola de Petroleos SA - Overview
- Exhibit 146: Compania Espanola de Petroleos SA - Business segments
- Exhibit 147: Compania Espanola de Petroleos SA - Key offerings
- Exhibit 148: Compania Espanola de Petroleos SA - Segment focus

12.9 Evonik Industries AG
- Exhibit 149: Evonik Industries AG - Overview
- Exhibit 150: Evonik Industries AG - Business segments
- Exhibit 151: Evonik Industries AG - Key news
- Exhibit 152: Evonik Industries AG - Key offerings
- Exhibit 153: Evonik Industries AG - Segment focus

12.10 Exxon Mobil Corp.
- Exhibit 154: Exxon Mobil Corp. - Overview
- Exhibit 155: Exxon Mobil Corp. - Business segments
- Exhibit 156: Exxon Mobil Corp. - Key offerings
- Exhibit 157: Exxon Mobil Corp. - Segment focus

12.11 Honeywell International Inc.
- Exhibit 158: Honeywell International Inc. - Overview
- Exhibit 159: Honeywell International Inc. - Business segments
- Exhibit 160: Honeywell International Inc. - Key news
- Exhibit 161: Honeywell International Inc. - Key offerings
- Exhibit 162: Honeywell International Inc. - Segment focus

12.12 Indian Oil Corp. Ltd.
- Exhibit 163: Indian Oil Corp. Ltd. - Overview
- Exhibit 164: Indian Oil Corp. Ltd. - Business segments
- Exhibit 165: Indian Oil Corp. Ltd. - Key offerings
- Exhibit 166: Indian Oil Corp. Ltd. - Segment focus

12.13 Lodha Petro
- Exhibit 167: Lodha Petro - Overview
- Exhibit 168: Lodha Petro - Product / Service
- Exhibit 169: Lodha Petro - Key offerings

12.14 Numaligarh Refinery Ltd.
- Exhibit 170: Numaligarh Refinery Ltd. - Overview
- Exhibit 171: Numaligarh Refinery Ltd. - Product / Service
- Exhibit 172: Numaligarh Refinery Ltd. - Key offerings

12.15 Sasol Ltd.
- Exhibit 173: Sasol Ltd. - Overview
- Exhibit 174: Sasol Ltd. - Business segments
- Exhibit 175: Sasol Ltd. - Key news
- Exhibit 176: Sasol Ltd. - Key offerings
- Exhibit 177: Sasol Ltd. - Segment focus

12.16 Shell plc
- Exhibit 178: Shell plc - Overview
- Exhibit 179: Shell plc - Business segments
- Exhibit 180: Shell plc - Key news
- Exhibit 181: Shell plc - Key offerings
- Exhibit 182: Shell plc - Segment focus

12.17 Sinopec Shanghai Petrochemical Co. Ltd.
- Exhibit 183: Sinopec Shanghai Petrochemical Co. Ltd. - Overview
- Exhibit 184: Sinopec Shanghai Petrochemical Co. Ltd. - Business segments
- Exhibit 185: Sinopec Shanghai Petrochemical Co. Ltd. - Key news
- Exhibit 186: Sinopec Shanghai Petrochemical Co. Ltd. - Key offerings
- Exhibit 187: Sinopec Shanghai Petrochemical Co. Ltd. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 188: Inclusions checklist
- Exhibit 189: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 190: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 191: Research methodology
- Exhibit 192: Validation techniques employed for market sizing
- Exhibit 193: Information sources

13.5 List of abbreviations
- Exhibit 194: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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