TABLE OF CONTENTS
1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 OVERVIEW 12
1.4 LIMITATIONS 13
1.5 MARKETS COVERED 13
2 MARKET SEGMENTATION 16
2.1 MARKETS COVERED 16
2.2 GEOGRAPHICAL SCOPE 17
2.3 YEARS CONSIDERED FOR THE STUDY 18
2.4 CURRENCY AND PRICING 18
2.5 DBMR TRIPOD DATA VALIDATION MODEL 19
2.6 MULTIVARIATE MODELLING 22
2.7 MANUFACTURING PROCESS LIFELINE CURVE 22
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 23
2.9 DBMR MARKET POSITION GRID 24
2.10 MARKET APPLICATION COVERAGE GRID 25
2.11 SECONDARY SOURCES 26
2.12 ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 29
4.1 PESTLE ANALYSIS 30
4.1.1 POLITICAL FACTORS 30
4.1.2 ECONOMIC FACTORS 31
4.1.3 SOCIAL FACTORS 31
4.1.4 TECHNOLOGICAL FACTORS 31
4.1.5 LEGAL FACTORS 32
4.1.6 ENVIRONMENTAL FACTORS 32
4.2 PORTER’S FIVE FORCES: 33
4.2.1 THE THREAT OF NEW ENTRANTS: 33
4.2.2 THE THREAT OF SUBSTITUTES: 34
4.2.3 CUSTOMER BARGAINING POWER: 34
4.2.4 SUPPLIER BARGAINING POWER: 34
4.2.5 INTERNAL COMPETITION (RIVALRY): 35
4.3 CLIMATE CHANGE SCENARIO 36
4.3.1 ENVIRONMENTAL CONCERNS 36
4.3.2 INDUSTRY RESPONSE 36
4.3.3 GOVERNMENT’S ROLE 36
4.3.4 ANALYST RECOMMENDATION 36
4.4 CONSUMER BUYING FACTORS ANALYSIS 37
4.4.1 APPLICATION AND INTENDED USE 37
4.4.2 BRAND REPUTATION 37
4.4.3 AVAILABILITY AND CONVENIENCE OF SHIPMENT 38
4.5 IMPORT-EXPORT SCENARIO 39
4.6 KEY INDICATIONS FOR PRICE LEVELS FOR EACH APPLICATION 41
4.6.1 INDUSTRIAL GRADE 41
4.6.2 PHARMACEUTICAL GRADE 41
4.6.3 COSMETIC GRADE 41
4.6.4 FOOD GRADE 41
4.7 PRICE INDEX 43
4.8 PRODUCTION CAPACITY OVERVIEW 44
4.9 PRODUCTION CONSUMPTION ANALYSIS – ASIA PACIFIC MINERAL OIL MARKET 45
4.10 RAW MATERIAL COVERAGE 46
4.11 SUPPLY CHAIN ANALYSIS 47
4.11.1 OVERVIEW 47
4.11.2 LOGISTIC COST SCENARIO 47
4.11.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 48
4.12 TECHNOLOGICAL ADVANCEMENTS 49
4.13 THREAT ANALYSIS WITH THE EXCLUSIVE COVERAGE ON THE POTENTIAL OF BIO-BASED MATERIAL-DERIVED COUNTERPARTS 50
4.14 VENDOR SELECTION CRITERIA 51
5 REGULATORY FRAMEWORK AND GUIDELINES 53
6 MARKET OVERVIEW 55
6.1 DRIVERS 57
6.1.1 INCREASING CONSUMPTION OF MINERAL OIL IN PERSONAL CARE AND COSMETICS PRODUCTS 57
6.1.2 RISING ADOPTION IN PHARMACEUTICAL MARKETS 57
6.1.3 POSITIVE OUTLOOK TOWARD THE LUBRICANTS INDUSTRY 58
6.1.4 GROWING UTILIZATION IN THE FOOD SECTORS 59
6.2 RESTRAINTS 59
6.2.1 FLUCTUATION IN RAW MATERIAL PRICES 59
6.2.2 AVAILABILITY OF SUBSTITUTES 60
6.3 OPPORTUNITIES 60
6.3.1 NOVEL APPLICATION OF MINERAL OIL IN ADVANCED BATTERY SYSTEM MANUFACTURING 60
6.4 CHALLENGES 61
6.4.1 STRINGENT REGULATIONS ASSOCIATED WITH THE PARAFFIN APPLICATIONS IN INDUSTRIES 61
6.4.2 ENVIRONMENTAL CONCERNS IN THE REFINING AND PROCESSING OF MINERAL OIL 63
7 ASIA PACIFIC MINERAL OIL MARKET: BY REGION 64
7.1 ASIA-PACIFIC 64
8 ASIA PACIFIC MINERAL OIL MARKET: COMPANY LANDSCAPE 67
8.1 COMPANY SHARE ANALYSIS: ASIA PACIFIC 67
8.2 NEW PACKAGING 68
8.3 PROCESS ADVANCEMENT 68
9 SWOT ANALYSIS 69
10 COMPANY PROFILES 70
10.1 REPSOL (2022) 70
10.1.1 COMPANY SNAPSHOT 70
10.1.2 REVENUE ANALYSIS 70
10.1.3 COMPANY SHARE ANALYSIS 71
10.1.4 PRODUCT PORTFOLIO 71
10.1.5 RECENT DEVELOPMENT 71
10.2 ENI BENELUX B.V. (SUBSIDIARY OF ENI S.P.A) 72
10.2.1 COMPANY SNAPSHOT 72
10.2.2 COMPANY SHARE ANALYSIS 72
10.2.3 PRODUCT PORTFOLIO 73
10.2.4 RECENT DEVELOPMENT 73
10.3 EXXON MOBIL CORPORATION (2022) 74
10.3.1 COMPANY SNAPSHOT 74
10.3.2 REVENUE ANALYSIS 74
10.3.3 COMPANY SHARE ANALYSIS 75
10.3.4 PRODUCT PORTFOLIO 75
10.3.5 RECENT DEVELOPMENT 75
10.4 H&R GROUP 76
10.4.1 COMPANY SNAPSHOT 76
10.4.2 REVENUE ANALYSIS 76
10.4.3 COMPANY SHARE ANALYSIS 77
10.4.4 PRODUCT PORTFOLIO 77
10.4.5 RECENT DEVELOPMENT 77
10.5 INDIAN OIL CORPORATION LTD (2022) 78
10.5.1 COMPANY SNAPSHOT 78
10.5.2 REVENUE ANALYSIS 78
10.5.3 COMPANY SHARE ANALYSIS 79
10.5.4 PRODUCT PORTFOLIO 79
10.5.5 RECENT DEVELOPMENT 79
10.6 ADINATH CHEMICALS 80
10.6.1 COMPANY SNAPSHOT 80
10.6.2 PRODUCT PORTFOLIO 80
10.6.3 RECENT DEVELOPMENT 80
10.7 ALLWIN TRADE SOLUTIONS 81
10.7.1 COMPANY SNAPSHOT 81
10.7.2 PRODUCT PORTFOLIO 81
10.7.3 RECENT DEVELOPMENT 81
10.8 AP SAIGON PETRO 82
10.8.1 COMPANY SNAPSHOT 82
10.8.2 PRODUCT PORTFOLIO 82
10.8.3 RECENT DEVELOPMENT 82
10.9 APAR INDUSTRIES LIMITED (2022) 83
10.9.1 COMPANY SNAPSHOT 83
10.9.2 REVENUE ANALYSIS 83
10.9.3 PRODUCT PORTFOLIO 84
10.9.4 RECENT DEVELOPMENT 84
10.10 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. (2022) 85
10.10.1 COMPANY SNAPSHOT 85
10.10.2 REVENUE ANALYSIS 85
10.10.3 PRODUCT PORTFOLIO 86
10.10.4 RECENT DEVELOPMENT 86
10.11 CARMEL INDUSTRIES 87
10.11.1 COMPANY SNAPSHOT 87
10.11.2 PRODUCT PORTFOLIO 87
10.11.3 RECENT DEVELOPMENT 87
10.12 CEPSA 88
10.12.1 COMPANY SNAPSHOT 88
10.12.2 PRODUCT PORTFOLIO 88
10.12.3 RECENT DEVELOPMENT 89
10.13 EASTERN PETROLEUM 90
10.13.1 COMPANY SNAPSHOT 90
10.13.2 PRODUCT PORTFOLIO 90
10.13.3 RECENT DEVELOPMENT 90
10.14 GANDHAR OIL REFINERY (INDIA) LIMITED (2022) 91
10.14.1 COMPANY SNAPSHOT 91
10.14.2 REVENUE ANALYSIS 91
10.14.3 PRODUCT PORTFOLIO 92
10.14.4 RECENT DEVELOPMENT 92
10.15 LANXESS (2022) 93
10.15.1 COMPANY SNAPSHOT 93
10.15.2 REVENUE ANALYSIS 93
10.15.3 PRODUCT PORTFOLIO 94
10.15.4 RECENT DEVELOPMENT 94
10.16 LODHA PETRO 95
10.16.1 COMPANY SNAPSHOT 95
10.16.2 PRODUCT PORTFOLIO 95
10.16.3 RECENT DEVELOPMENT 96
10.17 NANDAN PETROCHEM LTD 97
10.17.1 COMPANY SNAPSHOT 97
10.17.2 PRODUCT PORTFOLIO 97
10.17.3 RECENT DEVELOPMENT 97
10.18 PETRO‐CANADA LUBRICANTS INC. 98
10.18.1 COMPANY SNAPSHOT 98
10.18.2 PRODUCT PORTFOLIO 98
10.18.3 RECENT DEVELOPMENT 99
10.19 RENKERT OIL 100
10.19.1 COMPANY SNAPSHOT 100
10.19.2 PRODUCT PORTFOLIO 100
10.19.3 RECENT DEVELOPMENT 100
10.20 SAVITA 101
10.20.1 COMPANY SNAPSHOT 101
10.20.2 REVENUE ANALYSIS 101
10.20.3 PRODUCT PORTFOLIO 102
10.20.4 RECENT DEVELOPMENT 102
10.21 SHANGHAI BOJING CHEMICAL INDUSTRY CO., LTD 103
10.21.1 COMPANY SNAPSHOT 103
10.21.2 PRODUCT PORTFOLIO 103
10.21.3 RECENT DEVELOPMENT 103
10.22 THE INTERNATIONAL GROUP, INC. 104
10.22.1 COMPANY SNAPSHOT 104
10.22.2 PRODUCT PORTFOLIO 104
10.22.3 RECENT DEVELOPMENT 104 
10.23 UNICORN 105
10.23.1 COMPANY SNAPSHOT 105
10.23.2 PRODUCT PORTFOLIO 105
10.23.3 RECENT DEVELOPMENT 105
11 QUESTIONNAIRE 106
12 RELATED REPORTS 109