Paraffin Wax Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, Canada, China, Japan, Germany - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 170 SKU: IRTNTR77034

Paraffin Wax Market 2024-2028

The paraffin wax market size is forecast to increase by USD 1.57 billion, at a CAGR of 5.82% between 2023 and 2028. The growth rate of the market depends on several factors, including the rising application in packaging solutions, the diversified product portfolio of key market players, and the growing industrial applications of paraffin wax. 

The report includes a comprehensive outlook on the Paraffin Wax Market, offering forecasts for the industry segmented by Application, which comprises candles, packaging, hotmelts, cosmetics and personal care, and board sizing and others. Additionally, it categorizes Type into fully refined, semi-refined, and others, and covers Regions, including APAC, North America, Europe, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.

What will be the  Paraffin Wax Market Size During the Forecast Period?

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Paraffin Wax Market Definition 

Paraffin wax refers to a soft, colorless solid that is derived from petroleum, coal, or oil shale. Paraffin wax is a byproduct of the oil purification process and is made from saturated hydrocarbons. It is widely used in skin-softening salon and spa treatments. Paraffin wax is the most widely used wax type in the production of candles.

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Paraffin Wax Market: Key Drivers, Trends, Challenges

Key Paraffin Wax Market Driver

Rising application in packaging solutions is the key factor driving market growth. The use of paraffin wax in flexible packaging solutions is gaining traction in the pharmaceuticals and food industries, owing to its exceptional barrier properties against moisture, grease, gases, and odors. Various industries, such as food and pharmaceuticals, emphasize the importance of effective packaging in extending shelf life, maintaining product quality, and ensuring hygiene. Such factors surge the demand for efficient packaging solutions such as paraffin wax-based packaging.

Consequently, the new developments for flexible packaging are likely to increase the options available to end-users. Thus, the growing adoption of flexible food packaging will propel the demand for paraffin wax. Thus, such factors increase the need for advanced packaging solutions and act as a driver for the growth of the global paraffin wax market during the forecast period.

Significant Paraffin Wax Market Trends

Expansions in cosmetic and personal care applications is the primary trend shaping market growth. Paraffin wax has already been used in various skincare and personal care products due to its emollient and moisture-locking properties. Paraffin waxes are essential components in the production of personal care products and decorative cosmetics. They are complex mixtures of heavy hydrocarbons and fatty acids combined with esters. Waxes are harder, less greasy, and more brittle than fats.

Furthermore, the rising demand for products such as lip balms, creams, lotions, and haircare items further drives the demand for paraffin-based formulations. As the personal care industry and cosmetic industry continue to evolve and consumers seek effective and versatile products, the demand for paraffin increases. Hence, the global paraffin market is expected to grow significantly during the forecast period.

Major Paraffin Wax Market Challenge

The shrinking supply of paraffin wax is a challenge that affects market growth. The global production of paraffin wax is declining, and the industry needs to find alternatives to prevent shortages in the next decade. The anticipated decline of Group I base oil production in favor of Group II and Group III will facilitate the availability of paraffin wax. The wax from soy, palm, and tallow is widely preferred by consumer goods, personal care, and coating industries across the globe. Soy-based wax is favored in the US, and palm-based wax is more widely used in Europe and Asia.

Moreover, synthetic routes of wax production are also alternatives to paraffin wax. Although these waxes are fully interchangeable with paraffin wax, they are not expected to play a major role in meeting the shortfall. With the increase in the demand for paraffin wax, the diminishing supplies of raw materials have led to an increase in the selling price of paraffin wax. Hence, a shrinking supply of paraffin wax can be a potential threat to the growth of the global paraffin wax market during the forecast period.

Paraffin Wax Market Segmentation by Application, Type and Geography 

Paraffin Wax Market Application Analysis 

The market share growth by the candles segment will be significant during the forecast period. The candle segment is expected to grow significantly during the forecast period. Some of the waxes that are used to manufacture candles are paraffin wax, beeswax, spermaceti, soy wax, palm, carnauba, bayberry, and tallow, among which paraffin wax is the most used wax used for manufacturing candles. 

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The candles segment accounted for USD 1.51 billion in 2018. The market is characterized by the availability and easy purchase of various candles through several distribution channels, such as e-commerce platforms and retail stores. Furthermore, the availability of candles in various shapes and sizes, such as birthday candles, utility candles, pillars, tealights, novelty candles, floating candles, outdoor candles, tapers, jar or container candles, and liturgical candles, will be the driver for candle segment, which will boost the growth of the global wax market during the forecast period.

Paraffin Wax Market Type Analysis 

Fully refined paraffin wax refers to wax that contains less than 0.5% oil and is made free of impurities and discoloration by hydro-treating or clay-treating. As the wax is refined, the grade of paraffin wax reduces, and the oil content increases to 1.5%. The higher melting point and harder texture of fully refined paraffin wax provide better stability and performance in various applications. In addition, fully refined paraffin wax is widely used in spas as a moisturizer. It is non-toxic and safe to use on the face and body. Thus, such factors will drive the growth of the fully refined segment in the global paraffin wax market during the forecast period.

Paraffin Wax Market Region Analysis

APAC is estimated to contribute 39% 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.

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The growth of the APAC paraffin wax market can be attributed to factors such as the increasing utilization of paraffin wax in the candle industry and the rising demand for convenient packaging from the cosmetics and pharmaceutical sectors in various countries in the region. The cosmetics market in the region has grown significantly in response to high diversity in consumer preferences and innovations in the market.

Furthermore, the growing demand for such products in the region drives the demand for paraffin wax in the region. In addition, the increasing demand for scented candles, with the mixture of rich berries, mulled fruits, and the rustic scent of weathered woods, spur the demand for paraffin wax in the region. Therefore, all such factors are anticipated to significantly propel the growth of the regional paraffin wax market during the forecast period.

Key Paraffin Wax Market Companies

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

  • Eni SpA, Ergon Inc.: The company offers paraffin wax with different melting point, obtained through modern refining processes of appropriate crude oil streams.

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

Calumet Specialty Products Partners L.P., China Petrochemical Corp., Compania Espanola de Petroleos SA, ENEOS Holdings Inc., Exxon Mobil Corp., FUSHUN HENGYI Petro and Chemical Co Ltd, Gandhar Oil Refinery India Ltd., HollyFrontier Corp., Honeywell International Inc., Indian Oil Corp. Ltd., NIPPON SEIRO CO. LTD., Numaligarh Refinery Ltd., PetroChina Co. Ltd., Petroleo Brasileiro SA, Repsol SA, Sasol Ltd., SpecialChem S.A., and The International Group Inc.

Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2018-2028. 

  • Application Outlook 
    • Candles
    • Packaging
    • Hotmelts
    • Cosmetics and personal care
    • Board sizing and others
  • Type Outlook
    • Fully refined
    • Semi refined
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Paraffin Wax Market Scope

Report Coverage

Details

Page number

170

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.82%

Market Growth 2024-2028

USD 1.57 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

4.8

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

US, Canada, China, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Calumet Specialty Products Partners L.P., China Petrochemical Corp., Compania Espanola de Petroleos SA, ENEOS Holdings Inc., Eni SpA, Ergon Inc., Exxon Mobil Corp., FUSHUN HENGYI Petro and Chemical Co Ltd, Gandhar Oil Refinery India Ltd., HollyFrontier Corp., Honeywell International Inc., Indian Oil Corp. Ltd., NIPPON SEIRO CO. LTD., Numaligarh Refinery Ltd., PetroChina Co. Ltd., Petroleo Brasileiro SA, Repsol SA, Sasol Ltd., SpecialChem S.A., and The International Group Inc.

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, 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 Paraffin Wax Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of paraffin wax market companies

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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 Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • 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 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global paraffin wax market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global paraffin wax market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Candles - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Candles - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Candles - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Candles - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Candles - Year-over-year growth 2023-2028 (%)
    • 6.4 Packaging - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Packaging - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Packaging - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Packaging - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Packaging - Year-over-year growth 2023-2028 (%)
    • 6.5 Hotmelts - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Hotmelts - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Hotmelts - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Hotmelts - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Hotmelts - Year-over-year growth 2023-2028 (%)
    • 6.6 Cosmetics and personal care - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Cosmetics and personal care - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Cosmetics and personal care - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Cosmetics and personal care - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Cosmetics and personal care - Year-over-year growth 2023-2028 (%)
    • 6.7 Board sizing and others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Board sizing and others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Board sizing and others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Board sizing and others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Board sizing and others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Fully refined - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Fully refined - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Fully refined - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Fully refined - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Fully refined - Year-over-year growth 2023-2028 (%)
    • 7.4 Semi refined - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Semi refined - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Semi refined - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Semi refined - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Semi refined - Year-over-year growth 2023-2028 (%)
    • 7.5 Others - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 72: Market opportunity by Type ($ billion)
      • Exhibit 73: Data Table on Market opportunity by Type ($ billion)

    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 2023-2028 (%)
      • Exhibit 76: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 Canada - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ billion)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

    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 2023 and 2028
        • 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 Calumet Specialty Products Partners L.P.
              • Exhibit 127: Calumet Specialty Products Partners L.P. - Overview
              • Exhibit 128: Calumet Specialty Products Partners L.P. - Business segments
              • Exhibit 129: Calumet Specialty Products Partners L.P. - Key offerings
              • Exhibit 130: Calumet Specialty Products Partners L.P. - Segment focus
            • 12.4 China Petrochemical Corp.
              • Exhibit 131: China Petrochemical Corp. - Overview
              • Exhibit 132: China Petrochemical Corp. - Business segments
              • Exhibit 133: China Petrochemical Corp. - Key offerings
              • Exhibit 134: China Petrochemical Corp. - Segment focus
            • 12.5 Compania Espanola de Petroleos SA
              • Exhibit 135: Compania Espanola de Petroleos SA - Overview
              • Exhibit 136: Compania Espanola de Petroleos SA - Business segments
              • Exhibit 137: Compania Espanola de Petroleos SA - Key offerings
              • Exhibit 138: Compania Espanola de Petroleos SA - Segment focus
            • 12.6 Eni SpA
              • Exhibit 139: Eni SpA - Overview
              • Exhibit 140: Eni SpA - Business segments
              • Exhibit 141: Eni SpA - Key offerings
              • Exhibit 142: Eni SpA - Segment focus
            • 12.7 Ergon Inc.
              • Exhibit 143: Ergon Inc. - Overview
              • Exhibit 144: Ergon Inc. - Product / Service
              • Exhibit 145: Ergon Inc. - Key offerings
            • 12.8 Exxon Mobil Corp.
              • Exhibit 146: Exxon Mobil Corp. - Overview
              • Exhibit 147: Exxon Mobil Corp. - Business segments
              • Exhibit 148: Exxon Mobil Corp. - Key offerings
              • Exhibit 149: Exxon Mobil Corp. - Segment focus
            • 12.9 HollyFrontier Corp.
              • Exhibit 150: HollyFrontier Corp. - Overview
              • Exhibit 151: HollyFrontier Corp. - Business segments
              • Exhibit 152: HollyFrontier Corp. - Key offerings
              • Exhibit 153: HollyFrontier Corp. - Segment focus
            • 12.10 Honeywell International Inc.
              • Exhibit 154: Honeywell International Inc. - Overview
              • Exhibit 155: Honeywell International Inc. - Business segments
              • Exhibit 156: Honeywell International Inc. - Key news
              • Exhibit 157: Honeywell International Inc. - Key offerings
              • Exhibit 158: Honeywell International Inc. - Segment focus
            • 12.11 Indian Oil Corp. Ltd.
              • Exhibit 159: Indian Oil Corp. Ltd. - Overview
              • Exhibit 160: Indian Oil Corp. Ltd. - Business segments
              • Exhibit 161: Indian Oil Corp. Ltd. - Key offerings
              • Exhibit 162: Indian Oil Corp. Ltd. - Segment focus
            • 12.12 NIPPON SEIRO CO. LTD.
              • Exhibit 163: NIPPON SEIRO CO. LTD. - Overview
              • Exhibit 164: NIPPON SEIRO CO. LTD. - Product / Service
              • Exhibit 165: NIPPON SEIRO CO. LTD. - Key offerings
            • 12.13 PetroChina Co. Ltd.
              • Exhibit 166: PetroChina Co. Ltd. - Overview
              • Exhibit 167: PetroChina Co. Ltd. - Business segments
              • Exhibit 168: PetroChina Co. Ltd. - Key offerings
              • Exhibit 169: PetroChina Co. Ltd. - Segment focus
            • 12.14 Petroleo Brasileiro SA
              • Exhibit 170: Petroleo Brasileiro SA - Overview
              • Exhibit 171: Petroleo Brasileiro SA - Business segments
              • Exhibit 172: Petroleo Brasileiro SA - Key offerings
              • Exhibit 173: Petroleo Brasileiro SA - Segment focus
            • 12.15 Repsol SA
              • Exhibit 174: Repsol SA - Overview
              • Exhibit 175: Repsol SA - Product / Service
              • Exhibit 176: Repsol SA - Key offerings
            • 12.16 Sasol Ltd.
              • Exhibit 177: Sasol Ltd. - Overview
              • Exhibit 178: Sasol Ltd. - Business segments
              • Exhibit 179: Sasol Ltd. - Key news
              • Exhibit 180: Sasol Ltd. - Key offerings
              • Exhibit 181: Sasol Ltd. - Segment focus
            • 12.17 The International Group Inc.
              • Exhibit 182: The International Group Inc. - Overview
              • Exhibit 183: The International Group Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 184: Inclusions checklist
                • Exhibit 185: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 186: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 187: Research methodology
                • Exhibit 188: Validation techniques employed for market sizing
                • Exhibit 189: Information sources
              • 13.5 List of abbreviations
                • Exhibit 190: List of abbreviations

              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

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • 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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