Wax Market by Application, Type and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 182 SKU: IRTNTR71206

Wax Market Size & Forecast

The Global Wax Market size is estimated to grow at a CAGR of 3.24% between 2023 and 2027. The market size is forecast to increase by USD 1,723.06 million.

The growth of the wax market share depends on several factors, including the growing demand for synthetic and bio-based waxes, the growing cosmetic sector, and the implementation of wax in food products and flexible food packaging.

This wax market report extensively covers market segmentation by application (candle, packaging, rubber, personal care, and corrugated boards, and others), type (mineral wax, synthetic, and natural), 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  Wax Market Size During the Forecast Period?

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Wax Market Definition

Wax is a solid substance with a high concentration of fat. Waxes are made from a mixture of hydrophobic organic materials. At a temperature of 20 degrees C, the mixture solidifies, and at a temperature of 40 degrees C, it begins to melt. The solvability and stability of waxes depend on chemical composition and temperature. Moreover, it softens and melts easily when subjected to heat. Wax is also used as a lubricating agent in diverse applications such as paints and coatings, printing inks, and others.

Wax Market: Key Drivers, Trends, Challenges

Key Wax Market Driver

Growing demand for synthetic and bio-based waxes is a key factor driving the wax market growth. The worldwide wax market's product segmentation comprises mineral, synthetic, and natural/bio-based wax. Anticipated reduced supply of mineral waxes may impact demand due to variable crude oil prices and ecological concerns linked to P.B. waxes. Meanwhile, synthetic and vegetable waxes are gaining popularity, projected to witness elevated demand.

Synthetic waxes like polyethylene and polypropylene are prevalent in auto and metal sectors for polishing. Similarly, vegetable waxes such as bayberry, candelilla, and carnauba wax  find use in candles and cosmetics. Rising availability of hydrogenated vegetable waxes and F.T. wax will bolster demand, propelled by eco-conscious consumer preferences, fostering global wax market expansion through bio-based and synthetic wax demand surge.

Significant Wax Market Trends

The effective use of recycled plastics in wax production is a key trend shaping the market. Plastics have emerged as an environmental and human health concern due to their incineration or disposal in uninhabited areas. Governments worldwide are advocating plastic recycling to create waxes, like candle-like oil for ship engines, and thick brown wax oil for shoe polish and cosmetics. These waxes are derived from crude oil to break down their hydrocarbon content.

Incorporating recycled plastics mitigates environmental hazards. Their use in wax manufacturing will encourage plastic recycling firms to produce waxes for packaging, candles, paints, inks, and more, stimulating wax production in the projected timeframe. Therefore, the efficient utilization of recycled plastics in wax crafting will propel the global wax market's growth.

Major Wax Market Challenge

The price volatility of crude oil is a key challenge hindering market growth. Waxes are available in diverse types: mineral, synthetic, and natural. Mineral wax originates from lube oil refining, a byproduct of crude oil. Fluctuations in crude oil prices have a cascading effect on raw material costs, influencing mineral wax prices. The COVID-19 outbreak markedly diminished oil and gas demand, slashing oil prices in 2020. Oil companies grappled with profit losses and substantial revenue decline.

Plummeting consumer demand, particularly in India, prompted oil giants like Saudi Aramco to slash prices by 10%-30% per barrel for June 2021 shipments to Asia. Global oil consumption dropped by 8.6 million barrels per day in 2020, severely impacting the discussed market. However, 2021 saw a gradual rebound in oil and gas demand in Middle Eastern nations, like the UAE, with pandemic-recovering end-users. Crude oil price drops prompted wax vendors to strategize price cuts, thus challenging the wax market. Consequently, crude oil's price instability emerges as a significant obstacle in the foreseeable global wax market.

Wax Market Segmentation by Application, Type, and Geography

Wax Market Application Analysis 

The candle segment is estimated to witness significant growth during the forecast period. A few 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 candle segment was the largest segment and was valued at USD 3,397.82 million in 2017. As the increasing demand for the use of aromatics by scented candles, which have become a household necessity, has contributed to this higher share. The candle segment will be a driving force for growth in the worldwide wax market over the forecast period due to the availability of candles in various shapes and sizes.

Wax Market Type Analysis 

Based on type, the mineral wax segment holds the largest market share. Mineral waxes, encompassing coal-derived montane wax, ozokerite wax, and petroleum waxes like petrolatum, paraffin, and microcrystalline waxes, collectively constitute mineral wax. Paraffin, originating as a byproduct in oil refining, presents a mix of oil and wax with varying melting points. Advocated for sustainable uses due to its fossil fuel dependence, paraffin finds value in preserving fruit quality.

Its low heat conductivity, minimal chemical reactivity, and weak electrical conductivity make it suitable for microactuator applications where the solid-to-liquid transition triggers volumetric expansion, showing 5%-40% volume differences across phases. Mainly serving the cosmetics sector, paraffin is used in skin treatments, spa sessions, and muscle relief. This upswing in mineral-based wax applications, particularly paraffin, is poised to propel the global wax market's growth through the mineral wax segment in the foreseeable period.

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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China, Malaysia, India, and Indonesia are key wax consumers in APAC. China leads due to higher use of natural and synthetic waxes, driven by a thriving packaging industry. Growing rubber production in Malaysia and Indonesia will boost wax demand, especially P.B. wax for rubber applications. The print sector's growth in China and India will drive wax needs for inks. Increasing candle use for occasions and a vast consumer base in APAC will fuel wax demand. Adhesives, packaging, cosmetics, construction, and automotive industries will elevate wax usage. APAC's expanding cosmetic sector will further up natural wax demand. China, India, and Indonesia's leadership stems from varied end-user industries, enhancing wax demand outlook.

Key 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.

Seiro.co.jp- The company offers waxes such as paraffin wax, microcrystalline wax, wax emulsions and ft wax.

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

BASF SE, Blended Waxes Inc., Calumet Specialty Products Partners LP, Clariant International Ltd., Compania Espanola de Petroleos SA, Eni SpA, Exxon Mobil Corp., Hansen and Rosenthal GmbH and Co. KG, Hexion Inc., HollyFrontier Corp., Honeywell International Inc., Kerax Ltd., Lodha Petro, Mitsui Chemicals Inc., NIPPON SEIRO CO. LTD., Sasol Ltd., Shell plc, Siwax Group, The International Group Inc., and The Lubrizol Corp.

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 provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Candle
    • Packaging
    • Rubber
    • Personal care
    • Corrugated boards and others
  • Type Outlook (USD Million, 2017 - 2027)
    • Mineral wax
    • Synthetic
    • Natural
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Wax Market Scope

Report Coverage

Details

Page number

182

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.24%

Market growth 2023-2027

USD 1,723.06 million

Market structure

Fragmented

YoY growth 2022-2023(%)

2.2

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

BASF SE, Blended Waxes Inc., Calumet Specialty Products Partners LP, Clariant International Ltd., Compania Espanola de Petroleos SA, Eni SpA, Exxon Mobil Corp., Hansen and Rosenthal GmbH and Co. KG, Hexion Inc., HollyFrontier Corp., Honeywell International Inc., Kerax Ltd., Lodha Petro, Mitsui Chemicals Inc., NIPPON SEIRO CO. LTD., Sasol Ltd., Shell plc, Siwax Group, The International Group Inc., and The Lubrizol Corp.

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 Wax Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market 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 companies
  • Comprehensive analysis of factors that will challenge the growth of wax market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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 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 wax market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global wax market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type 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 Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Candle - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Candle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Candle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Candle - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Candle - Year-over-year growth 2022-2027 (%)
    • 6.4 Packaging - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Packaging - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Packaging - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Packaging - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Packaging - Year-over-year growth 2022-2027 (%)
    • 6.5 Rubber - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Rubber - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Rubber - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Rubber - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Rubber - Year-over-year growth 2022-2027 (%)
    • 6.6 Personal care - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Personal care - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Personal care - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Personal care - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Personal care - Year-over-year growth 2022-2027 (%)
    • 6.7 Corrugated boards and others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Corrugated boards and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Corrugated boards and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Corrugated boards and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Corrugated boards and others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ million)
      • Exhibit 55: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Mineral wax - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Mineral wax - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Mineral wax - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Mineral wax - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Mineral wax - Year-over-year growth 2022-2027 (%)
    • 7.4 Synthetic - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Synthetic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Synthetic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Synthetic - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Synthetic - Year-over-year growth 2022-2027 (%)
    • 7.5 Natural - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Natural - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Natural - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Natural - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Natural - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 72: Market opportunity by Type ($ million)
      • Exhibit 73: Data Table on Market opportunity by Type ($ 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 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 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 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 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Germany - 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 BASF SE
              • Exhibit 127: BASF SE - Overview
              • Exhibit 128: BASF SE - Business segments
              • Exhibit 129: BASF SE - Key news
              • Exhibit 130: BASF SE - Key offerings
              • Exhibit 131: BASF SE - Segment focus
            • 12.4 Calumet Specialty Products Partners LP
              • Exhibit 132: Calumet Specialty Products Partners LP - Overview
              • Exhibit 133: Calumet Specialty Products Partners LP - Business segments
              • Exhibit 134: Calumet Specialty Products Partners LP - Key offerings
              • Exhibit 135: Calumet Specialty Products Partners LP - Segment focus
            • 12.5 Clariant International Ltd.
              • Exhibit 136: Clariant International Ltd. - Overview
              • Exhibit 137: Clariant International Ltd. - Business segments
              • Exhibit 138: Clariant International Ltd. - Key news
              • Exhibit 139: Clariant International Ltd. - Key offerings
              • Exhibit 140: Clariant International Ltd. - Segment focus
            • 12.6 Compania Espanola de Petroleos SA
              • Exhibit 141: Compania Espanola de Petroleos SA - Overview
              • Exhibit 142: Compania Espanola de Petroleos SA - Business segments
              • Exhibit 143: Compania Espanola de Petroleos SA - Key offerings
              • Exhibit 144: Compania Espanola de Petroleos SA - Segment focus
            • 12.7 Eni SpA
              • Exhibit 145: Eni SpA - Overview
              • Exhibit 146: Eni SpA - Business segments
              • Exhibit 147: Eni SpA - Key offerings
              • Exhibit 148: Eni SpA - Segment focus
            • 12.8 Exxon Mobil Corp.
              • Exhibit 149: Exxon Mobil Corp. - Overview
              • Exhibit 150: Exxon Mobil Corp. - Business segments
              • Exhibit 151: Exxon Mobil Corp. - Key offerings
              • Exhibit 152: Exxon Mobil Corp. - Segment focus
            • 12.9 Hansen and Rosenthal GmbH and Co. KG
              • Exhibit 153: Hansen and Rosenthal GmbH and Co. KG - Overview
              • Exhibit 154: Hansen and Rosenthal GmbH and Co. KG - Business segments
              • Exhibit 155: Hansen and Rosenthal GmbH and Co. KG - Key offerings
              • Exhibit 156: Hansen and Rosenthal GmbH and Co. KG - Segment focus
            • 12.10 Hexion Inc.
              • Exhibit 157: Hexion Inc. - Overview
              • Exhibit 158: Hexion Inc. - Product / Service
              • Exhibit 159: Hexion Inc. - Key news
              • Exhibit 160: Hexion Inc. - Key offerings
            • 12.11 Honeywell International Inc.
              • Exhibit 161: Honeywell International Inc. - Overview
              • Exhibit 162: Honeywell International Inc. - Business segments
              • Exhibit 163: Honeywell International Inc. - Key news
              • Exhibit 164: Honeywell International Inc. - Key offerings
              • Exhibit 165: Honeywell International Inc. - Segment focus
            • 12.12 Kerax Ltd.
              • Exhibit 166: Kerax Ltd. - Overview
              • Exhibit 167: Kerax Ltd. - Product / Service
              • Exhibit 168: Kerax Ltd. - Key offerings
            • 12.13 Mitsui Chemicals Inc.
              • Exhibit 169: Mitsui Chemicals Inc. - Overview
              • Exhibit 170: Mitsui Chemicals Inc. - Business segments
              • Exhibit 171: Mitsui Chemicals Inc. - Key offerings
              • Exhibit 172: Mitsui Chemicals Inc. - Segment focus
            • 12.14 NIPPON SEIRO CO. LTD.
              • Exhibit 173: NIPPON SEIRO CO. LTD. - Overview
              • Exhibit 174: NIPPON SEIRO CO. LTD. - Product / Service
              • Exhibit 175: NIPPON SEIRO CO. LTD. - Key offerings
            • 12.15 Sasol Ltd.
              • Exhibit 176: Sasol Ltd. - Overview
              • Exhibit 177: Sasol Ltd. - Business segments
              • Exhibit 178: Sasol Ltd. - Key news
              • Exhibit 179: Sasol Ltd. - Key offerings
              • Exhibit 180: Sasol Ltd. - Segment focus
            • 12.16 Shell plc
              • Exhibit 181: Shell plc - Overview
              • Exhibit 182: Shell plc - Business segments
              • Exhibit 183: Shell plc - Key offerings
              • Exhibit 184: Shell plc - Segment focus
            • 12.17 The Lubrizol Corp.
              • Exhibit 185: The Lubrizol Corp. - Overview
              • Exhibit 186: The Lubrizol Corp. - Product / Service
              • Exhibit 187: The Lubrizol Corp. - Key offerings

            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

              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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