Transformer Oil Market by End-user, Product and Geography-Forecast and Analysis 2023-2027

Published: Jun 2023

Pages: 177

SKU: IRTNTR75559

Snapshot

Transformer Oil Market Forecast 2023-2027

The Transformer Oil Market size is estimated to grow at a CAGR of 8.76% between 2022 and 2027 and the size of the market is forecast to increase by USD 1,155.29 million. The growth of the market depends on several factors such as expansion of T&D, modernization of existing transformers, and increasing adoption of renewable energy sources.

This report extensively covers market segmentation by end-user (industrial, utilities, commercial, and residential), product (mineral-based, silicon-based, and bio-based), 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 Transformer Oil Market During the Forecast Period?

Transformer Oil Market Forecast 2023-2027

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Transformer Oil Market Dynamics

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.

Driver-Modernization of existing transformers is a major driving factor for the growth of the deep sea robot market during the forecast period.

One of the main factors which are fuelling the growth of the global transformer oil market includes an increase in the installation of new transformers and the replacement of old transformers with new ones. As existing networks cannot meet the growth in the demand for power, most of the T&D infrastructure globally needs renovation.

There is an increasing requirement to replace the old systems with new ones and to expand the existing infrastructure.For instance, according to the US Depart of Energy, more than 70% of US grid transmission lines and power transformers are over 25 years old. Smart grid networks are also being increasingly used in many countries.Thus, the need for transformer oil is also increasing, with more transformers being installed in the grid. Such factors can significantly drive the global transformer oil market during the forecast period.

Trends-Emergence of eco-efficient transformers is the primary trend in the global transformer oil market growth.

Due to growing environmental concerns by consumers, several transformer manufacturers have started designing and manufacturing environment-friendly products. There is an increasing demand for transformers that involve minimal environmental hazards and, at the same time, offer improved life cycle costs, minimal maintenance requirements, and enhanced service life.

For instance, manufacturers such as General Electric have been focusing on the production of green transformers that are energy-efficient, market-efficient, grid-reliable, and environment-friendly to meet the growing demand. One of the key innovative eco-friendly transformer offerings for environment-friendly consumers is the green transformer. The main feature of these transformers is the advanced online monitoring systems to improve operational management which prevent the occurrence of faults and damages. Thus the emergence of such eco-efficient transformers can drive the global transformer oil market during the forecast period.

Challenge- Fluctuation in crude oil prices is a major challenge to the growth of the global transformer oil market.

The demand for mineral oil such as naphthenic and paraffinic oils which are used in transformer oil in end-user industries are adversely affected by fluctuations in crude oil prices.For instance, as per the IEA, the average cost of crude oil was USD 73.6 bbl in October 2018. However, in H1 2022, the average cost of crude oil was more than USD 100/bbl. The unexpected price fluctuations and the recent frequent volatility in crude oil prices, it has severely affected the petroleum industry. Thus, such factors can significantly hinder the growth of the global transformer oil market during the forecast period.

Transformer Oil Market Segmentation by End-user, Product and Geography

End-User Segment Analysis:

The industrial segment will account for a major share of the market's growth during the forecast period. There is increasing adoption of transformer oil in industries to capitalize on the reliability benefits. The main reason for this deployment of transformer oil in the industrial sector is to ensure a continuous and stable power supply without any voltage fluctuations, reducing the risk of downtime.

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The industrial segment was valued at USD 591.98 million in 2017 and continued to grow until 2021. As, the need of transformers in the industrial segment arises mostly when supplies from power utilities fail to meet power requirements, there is a relatively low demand for transformers from the industrial segment when compared to the power utilities segment. Furthermore, as large industrial end-users require variable power, which is met by their own transformers, such transformers are more common in industries such as oil and gas, chemical and petrochemical, and water and wastewater, which require large amounts of power for multiple processes. Also, factors such as increasing solar and wind power use in the industrial sector will create more demand for transformers. Thus such factors can significantly drive the growth of the industrial segment during the forecast period.

Product Segment Analysis:

Based on product, the market has been segmented into mineral-based, silicon-based and bio-based. Due to the high viscosity gradient, extended dielectric properties, and withstanding capabilities of mineral-based products,it has a major market share under the product segment. Naphthenic and paraffinic oils are popularly used as a base oil in the production of transformer oil and lubricant base stock. Some of the application areas of naphthenic oil include metal shaping and forming processes, including structural steel, automotive body panels, and other components, Factors such as easy availability and wider usage in capacitors, high voltage switches, and circuit breakers drive the demand for mineral-based transformer oil during the forecast period.

Regional Analysis

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APAC is estimated to contribute 55% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Due to the rising urban population and the growing significance of the industrial sector (such as the growth of the manufacturing sector in India), countries like China, India, Vietnam, Thailand, and the Philippines have been exhibiting increased demand for electric power every year. As a result, there is increased installation and expansion of T and D equipment, such as power and distribution transformers, within the existing grid to expand the network. China is heavily investing in expanding its T and D network. For instance, State Grid, the Chinese largest utility, is expected to begin the construction of USD22 billion of new long-distance, ultra-high-voltage transmission lines. Moreover, power generation capacity is expected to increase substantially by the end of 2023, which will increase the demand for transformer oil in the country. Hence, such factors will significantly drive the global transformer oil market in the region during the forecast period.

COVID-19 Segment Details

In 2020, during the COVID-19 pandemic, the growth of global binge-eating disorder treatment market witnessed a significant slowdown to the temporary halt/shutdown of industrial units. As a result, there is a reduced demand for electricity, which, in turn, reduced the demand for transformer oil in the region. However,in 2021, the initiation of large-scale vaccination drives?has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities in 2021, which increased the demand for transformer oil in the region.Such factors are expected to drive the market during the forecast period.

Who are the Major Transformer Oil 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.

Calumet Specialty Products Partners L.P: The company offers transformer oils such as Caltran.

Exxon Mobil Corp: The company offers transformer oils such as HyVolt C50A.

We also have detailed analyses of the market’s competitive landscape and offer information on 15 market vendors, including:

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.

Segment Overview

The transformer oil market 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.

End-user Outlook (USD Million, 2017 - 2027)
- Industrial
- Utilities
- Commercial
- Residential
Product Outlook (USD Million, 2017 - 2027)
- Mineral-based
- Silicon-based
- Bio-based
Geography Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Transformer Oil Market Scope
Report Coverage	Details
Page number	177
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 8.76%
Market growth 2023-2027	USD 1,155.29 million
Market structure	Fragmented
YoY growth 2022-2023(%)	7.17
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 55%
Key countries	US, Canada, China, India, and Japan
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Apar Industries Ltd., BP Plc, Calumet Specialty Products Partners L.P., Cargill Inc., Chevron Corp., Dow Chemical Co., Edens Garden Inc., Ergon Inc., Exxon Mobil Corp., Hinduja Group Ltd., Lubrita Europe BV, Neste Corp., Nynas AB, PETRONAS Chemicals Group Berhad, Phillips 66, Repsol SA, Savita Oil Technologies Ltd., Shell plc, Sinopec Shanghai Petrochemical Co. Ltd., and TotalEnergies SE
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 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 Transformer Oil Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the transformer oil market between 2023 and 2027
Precise estimation of the transformer oil 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 Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of transformer oil 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 End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- 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 transformer oil market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global transformer oil market 2017 - 2021 ($ million)

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

4.3 Product Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Product 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 End-user

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

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

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

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

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

6.6 Residential - Market size and forecast 2022-2027
- Exhibit 46: Chart on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Residential - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Residential - Year-over-year growth 2022-2027 (%)

6.7 Market opportunity by End-user
- Exhibit 50: Market opportunity by End-user ($ million)
- Exhibit 51: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Product

7.1 Market segments
- Exhibit 52: Chart on Product - Market share 2022-2027 (%)
- Exhibit 53: Data Table on Product - Market share 2022-2027 (%)

7.2 Comparison by Product
- Exhibit 54: Chart on Comparison by Product
- Exhibit 55: Data Table on Comparison by Product

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

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

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

7.6 Market opportunity by Product
- Exhibit 68: Market opportunity by Product ($ million)
- Exhibit 69: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

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

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

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

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

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

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

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

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

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

9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ million)
- Exhibit 116: 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 117: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

11.4 Industry risks
- Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 121: Vendors covered

12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

12.3 Apar Industries Ltd.
- Exhibit 123: Apar Industries Ltd. - Overview
- Exhibit 124: Apar Industries Ltd. - Business segments
- Exhibit 125: Apar Industries Ltd. - Key offerings
- Exhibit 126: Apar Industries Ltd. - Segment focus

12.4 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

12.5 Cargill Inc.
- Exhibit 131: Cargill Inc. - Overview
- Exhibit 132: Cargill Inc. - Product / Service
- Exhibit 133: Cargill Inc. - Key news
- Exhibit 134: Cargill Inc. - Key offerings

12.6 Chevron Corp.
- Exhibit 135: Chevron Corp. - Overview
- Exhibit 136: Chevron Corp. - Business segments
- Exhibit 137: Chevron Corp. - Key news
- Exhibit 138: Chevron Corp. - Key offerings
- Exhibit 139: Chevron Corp. - Segment focus

12.7 Dow Chemical Co.
- Exhibit 140: Dow Chemical Co. - Overview
- Exhibit 141: Dow Chemical Co. - Business segments
- Exhibit 142: Dow Chemical Co. - Key news
- Exhibit 143: Dow Chemical Co. - Key offerings
- Exhibit 144: Dow Chemical Co. - Segment focus

12.8 Edens Garden Inc.
- Exhibit 145: Edens Garden Inc. - Overview
- Exhibit 146: Edens Garden Inc. - Product / Service
- Exhibit 147: Edens Garden Inc. - Key offerings

12.9 Ergon Inc.
- Exhibit 148: Ergon Inc. - Overview
- Exhibit 149: Ergon Inc. - Product / Service
- Exhibit 150: Ergon Inc. - Key offerings

12.10 Exxon Mobil Corp.
- Exhibit 151: Exxon Mobil Corp. - Overview
- Exhibit 152: Exxon Mobil Corp. - Business segments
- Exhibit 153: Exxon Mobil Corp. - Key offerings
- Exhibit 154: Exxon Mobil Corp. - Segment focus

12.11 Hinduja Group Ltd.
- Exhibit 155: Hinduja Group Ltd. - Overview
- Exhibit 156: Hinduja Group Ltd. - Product / Service
- Exhibit 157: Hinduja Group Ltd. - Key offerings

12.12 Lubrita Europe BV
- Exhibit 158: Lubrita Europe BV - Overview
- Exhibit 159: Lubrita Europe BV - Product / Service
- Exhibit 160: Lubrita Europe BV - Key offerings

12.13 Nynas AB
- Exhibit 161: Nynas AB - Overview
- Exhibit 162: Nynas AB - Business segments
- Exhibit 163: Nynas AB - Key news
- Exhibit 164: Nynas AB - Key offerings
- Exhibit 165: Nynas AB - Segment focus

12.14 Repsol SA
- Exhibit 166: Repsol SA - Overview
- Exhibit 167: Repsol SA - Product / Service
- Exhibit 168: Repsol SA - Key offerings

12.15 Shell plc
- Exhibit 169: Shell plc - Overview
- Exhibit 170: Shell plc - Business segments
- Exhibit 171: Shell plc - Key offerings
- Exhibit 172: Shell plc - Segment focus

12.16 Sinopec Shanghai Petrochemical Co. Ltd.
- Exhibit 173: Sinopec Shanghai Petrochemical Co. Ltd. - Overview
- Exhibit 174: Sinopec Shanghai Petrochemical Co. Ltd. - Business segments
- Exhibit 175: Sinopec Shanghai Petrochemical Co. Ltd. - Key news
- Exhibit 176: Sinopec Shanghai Petrochemical Co. Ltd. - Key offerings
- Exhibit 177: Sinopec Shanghai Petrochemical Co. Ltd. - Segment focus

12.17 TotalEnergies SE
- Exhibit 178: TotalEnergies SE - Overview
- Exhibit 179: TotalEnergies SE - Business segments
- Exhibit 180: TotalEnergies SE - Key news
- Exhibit 181: TotalEnergies SE - Key offerings
- Exhibit 182: TotalEnergies SE - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 183: Inclusions checklist
- Exhibit 184: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 185: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 186: Research methodology
- Exhibit 187: Validation techniques employed for market sizing
- Exhibit 188: Information sources

13.5 List of abbreviations
- Exhibit 189: 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

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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