1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 16
1.5 RESEARCH LIMITATIONS 16
1.6 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Breakdown of primary interviews 21
2.1.2.3 Key insights from primary interviews 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHT 30
4.1 ATTRACTIVE OPPORTUNITIES IN THE PERFORMANCE ELASTOMERS MARKET 30
4.2 PERFORMANCE ELASTOMERS MARKET, BY END-USE INDUSTRY 31
4.3 PERFORMANCE ELASTOMERS MARKET SHARE IN ASIA-PACIFIC, BY TYPE AND COUNTRY 32
4.4 PERFORMANCE ELASTOMERS MARKET, BY END-USE INDUSTRY AND REGION 33
4.5 PERFORMANCE ELASTOMERS MARKET ATTRACTIVENESS 33

5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 35
5.2.1 DRIVERS 36
5.2.1.1 Increasing demand in the automotive & transportation industry 36
5.2.1.2 Superior properties than standard elastomers 36
5.2.1.3 Increasing purchasing power of consumers 36
5.2.2 OPPORTUNITIES 36
5.2.2.1 Development of eco-friendly performance elastomers 36
5.2.2.2 Development of new grades of performance elastomers 37
5.2.3 CHALLENGES 37
5.2.3.1 High production and switching costs 37
5.3 PORTER'S FIVE FORCE ANALYSIS 38
5.3.1 BARGAINING POWER OF SUPPLIERS 38
5.3.2 BARGAINING POWER OF BUYERS 39
5.3.3 THREAT OF NEW ENTRANTS 39
5.3.4 THREAT OF SUBSTITUTES 39
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 39

6 PERFORMANCE ELASTOMERS MARKET, BY TYPE 40
6.1 INTRODUCTION 41
6.2 NITRILE-BASED ELASTOMERS 42
6.2.1 NITRILE BUTADIENE RUBBER (NBR) 42
6.2.2 HYDROGENATED NITRILE RUBBER (HNBR) 42
6.3 FLUOROELASTOMERS 43
6.3.1 FLUOROCARBON ELASTOMERS (FKM) 43
6.3.2 PERFLUOROELASTOMERS (FFKM) 43
6.3.3 FLUOROSILICONE ELASTOMERS (FVMQ) 43
6.4 SILICONE ELASTOMERS 44
6.4.1 HIGH TEMPERATURE VULCANIZED (HTV) 44
6.4.2 LIQUID SILICONE RUBBER (LSR) 44
6.4.3 ROOM TEMPERATURE VULCANIZED (RTV) 44
6.5 OTHERS 45
6.5.1 CHLORINATED POLYETHYLENE ELASTOMERS (CPE) 45
6.5.2 POLYACRYLATE RUBBER (ACM) 45
6.5.3 ETHYLENE ACRYLIC ELASTOMERS (AEM) 45
6.5.4 ETHYLENE VINYL ACETATE ELASTOMERS (EVM) 45

7 PERFORMANCE ELASTOMERS, BY END-USE INDUSTRY 46
7.1 INTRODUCTION 47
7.2 AUTOMOTIVE & TRANSPORTATION 49
7.3 HEALTHCARE 49
7.4 INDUSTRIAL MACHINERY 49
7.5 BUILDING & CONSTRUCTION 50
7.6 ELECTRICAL & ELECTRONICS 50
7.6.1 WIRES & CABLES 50
7.7 OTHERS 51
7.7.1 CONSUMER GOODS 51
7.7.2 OIL & GAS 51

8 PERFORMANCE ELASTOMERS MARKET, BY REGION 52
8.1 INTRODUCTION 53
8.2 NORTH AMERICA 54
8.2.1 U.S. 56
8.2.2 CANADA 58
8.2.3 MEXICO 59
8.3 ASIA-PACIFIC 60
8.3.1 CHINA 63
8.3.2 JAPAN 65
8.3.3 INDIA 66
8.3.4 THAILAND 67
8.3.5 SOUTH KOREA 68
8.3.6 REST OF ASIA-PACIFIC 69
8.4 EUROPE 71
8.4.1 GERMANY 74
8.4.2 FRANCE 75
8.4.3 U.K. 77
8.4.4 SPAIN 78
8.4.5 ITALY 79
8.4.6 REST OF EUROPE 80
8.5 SOUTH AMERICA 81
8.5.1 BRAZIL 83
8.5.2 ARGENTINA 84
8.5.3 REST OF SOUTH AMERICA 85
8.6 MIDDLE EAST & AFRICA 86
8.6.1 SAUDI ARABIA 88
8.6.2 SOUTH AFRICA 89
8.6.3 REST OF MIDDLE EAST & AFRICA 90

9 COMPETITIVE LANDSCAPE 92
9.1 COMPETITIVE LEADERSHIP MAPPING 92
9.1.1 VISIONARY LEADERS 92
9.1.2 INNOVATORS 92
9.1.3 DYNAMIC DIFFERENTIATORS 92
9.1.4 EMERGING COMPANIES 92
9.2 COMPETITIVE BENCHMARKING 94
9.2.1 STRENGTH OF PRODUCT PORTFOLIO (FOR ALL 25 PLAYERS) 94
9.2.2 BUSINESS STRATEGY EXCELLENCE (FOR ALL 25 PLAYERS) 95
9.3 MARKET RANKING ANALYSIS 96

10 COMPANY PROFILES 98
(Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments)*
10.1 E. I. DU PONT DE NEMOURS AND COMPANY 98
10.2 ARLANXEO 101
10.3 MOMENTIVE PERFORMANCE MATERIALS INC. 104
10.4 SHIN-ETSU CHEMICAL CO., LTD. 107
10.5 DAIKIN INDUSTRIES, LTD. 110
10.6 3M COMPANY 113
10.7 DOW CORNING CORPORATION 115
10.8 SOLVAY S.A. 118
10.9 THE DOW CHEMICAL COMPANY 121
10.10 WACKER CHEMIE AG 123
10.11 ZEON CHEMICALS L.P. 127
10.12 OTHER MARKET PLAYERS 129
10.12.1 ASAHI GLASS CO., LTD. 129
10.12.2 EXXON MOBIL CORPORATION 129
10.12.3 FLEXAN, LLC 129
10.12.4 JAMES WALKER & CO. 129
10.12.5 JSR CORPORATION 129
10.12.6 KACO GMBH + CO. KG 130
10.12.7 KRAIBURG TPE GMBH & CO. KG 130
10.12.8 MITSUI CHEMICALS, INC. 130
10.12.9 POLYCOMP 130
10.12.10 PRECISION POLYMER ENGINEERING LTD. 130
10.12.11 REISS MANUFACTURING INC. 130
10.12.12 SHOWA DENKO K.K. 131
10.12.13 THE CHEMOURS COMPANY 131
10.12.14 TOSOH CORPORATION 131
*Details on Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments might not be captured in case of unlisted companies.

11 APPENDIX 132
11.1 INSIGHTS FROM INDUSTRY EXPERTS 132
11.2 DISCUSSION GUIDE 133
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 135
11.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 137
11.5 AVAILABLE CUSTOMIZATIONS 138
11.6 RELATED REPORTS 138
11.7 AUTHOR DETAILS 139

LIST OF TABLES
TABLE 1 PERFORMANCE ELASTOMERS MARKET, BY TYPE, 2015-2022 (KILOTON) 41
TABLE 2 PERFORMANCE ELASTOMERS MARKET, BY TYPE, 2015-2022 (USD MILLION) 42
TABLE 3 PERFORMANCE ELASTOMERS MARKET, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 48
TABLE 4 PERFORMANCE ELASTOMERS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 48
TABLE 5 PERFORMANCE ELASTOMERS MARKET SIZE, BY REGION, 2015-2022 (KILOTON) 54
TABLE 6 PERFORMANCE ELASTOMERS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION) 54
TABLE 7 NORTH AMERICA: ECONOMIC OUTLOOK (2016) 55
TABLE 8 NORTH AMERICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON) 55
TABLE 9 NORTH AMERICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION) 55
TABLE 10 NORTH AMERICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 56
TABLE 11 NORTH AMERICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 56
TABLE 12 U.S.: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 57
TABLE 13 U.S.: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 57
TABLE 14 CANADA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 58
TABLE 15 CANADA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 58
TABLE 16 MEXICO: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 59
TABLE 17 MEXICO: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 59
TABLE 18 ASIA-PACIFIC: ECONOMIC OUTLOOK (2016) 60
TABLE 19 ASIA-PACIFIC: PERFORMANCE ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON) 62
TABLE 20 ASIA-PACIFIC: PERFORMANCE ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION) 62
TABLE 21 ASIA-PACIFIC: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 63
TABLE 22 ASIA-PACIFIC: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 63
TABLE 23 CHINA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 64
TABLE 24 CHINA: PERFORMANCE ELASTOMERS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 65
TABLE 25 JAPAN: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 65
TABLE 26 JAPAN: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 66
TABLE 27 INDIA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 67
TABLE 28 INDIA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 67
TABLE 29 THAILAND: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 68
TABLE 30 THAILAND: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 68
TABLE 31 SOUTH KOREA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 69
TABLE 32 SOUTH KOREA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 69
TABLE 33 REST OF ASIA-PACIFIC: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 70
TABLE 34 REST OF ASIA-PACIFIC: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 70
TABLE 35 EUROPE: ECONOMIC OUTLOOK (2016) 71
TABLE 36 EUROPE: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 73
TABLE 37 EUROPE: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 73
TABLE 38 EUROPE: PERFORMANCE ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON) 74
TABLE 39 EUROPE: PERFORMANCE ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION) 74
TABLE 40 GERMANY: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 75
TABLE 41 GERMANY: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 75
TABLE 42 FRANCE: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 76
TABLE 43 FRANCE: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 76
TABLE 44 U.K.: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 77
TABLE 45 U.K.: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 77
TABLE 46 SPAIN: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 78
TABLE 47 SPAIN: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 78
TABLE 48 ITALY: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 79
TABLE 49 ITALY: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 79
TABLE 50 REST OF EUROPE: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 80
TABLE 51 REST OF EUROPE: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 80
TABLE 52 SOUTH AMERICA: ECONOMIC OUTLOOK (2016) 81
TABLE 53 SOUTH AMERICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON) 81
TABLE 54 SOUTH AMERICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION) 82
TABLE 55 SOUTH AMERICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 82
TABLE 56 SOUTH AMERICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 82
TABLE 57 BRAZIL: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 83
TABLE 58 BRAZIL: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 83
TABLE 59 ARGENTINA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 84
TABLE 60 ARGENTINA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 84
TABLE 61 REST OF SOUTH AMERICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 85
TABLE 62 REST OF SOUTH AMERICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 85
TABLE 63 MIDDLE EAST & AFRICA: ECONOMIC OUTLOOK (2016) 86
TABLE 64 MIDDLE EAST & AFRICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON) 86
TABLE 65 MIDDLE EAST & AFRICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION) 87
TABLE 66 MIDDLE EAST & AFRICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 87
TABLE 67 MIDDLE EAST & AFRICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 87
TABLE 68 SAUDI ARABIA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 88
TABLE 69 SAUDI ARABIA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 89
TABLE 70 SOUTH AFRICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 89
TABLE 71 SOUTH AFRICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 90
TABLE 72 REST OF MIDDLE EAST & AFRICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (KILOTON) 90
TABLE 73 REST OF MIDDLE EAST & AFRICA: PERFORMANCE ELASTOMERS MARKET SIZE, BY END-USE INDUSTRY, 2015-2022 (USD MILLION) 91

LIST OF FIGURES
FIGURE 1 PERFORMANCE ELASTOMERS: MARKET SEGMENTATION 15
FIGURE 2 PERFORMANCE ELASTOMERS MARKET: RESEARCH DESIGN 17
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 22
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 23
FIGURE 5 DATA TRIANGULATION 24
FIGURE 6 NITRILE-BASED ELASTOMERS ARE EXPECTED TO ACCOUNT FOR THE LARGEST SHARE IN THE PERFORMANCE ELASTOMERS MARKET DURING THE FORECAST PERIOD 27
FIGURE 7 AUTOMOTIVE & TRANSPORTATION INDUSTRY IS EXPECTED TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 27
FIGURE 8 ASIA-PACIFIC IS EXPECTED TO REGISTER THE FASTEST GROWTH DURING THE FORECAST PERIOD 28
FIGURE 9 ASIA-PACIFIC LED THE PERFORMANCE ELASTOMERS MARKET, IN TERMS OF VOLUME, IN 2016 28
FIGURE 10 PERFORMANCE ELASTOMERS MARKET IS EXPECTED TO REGISTER A HIGH CAGR BETWEEN 2017 AND 2022 30
FIGURE 11 AUTOMOTIVE & TRANSPORTATION IS EXPECTED TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 31
FIGURE 12 CHINA ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2016 32
FIGURE 13 AUTOMOTIVE & TRANSPORTATION ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2016 33
FIGURE 14 ASIA-PACIFIC IS EXPECTED TO BE THE FASTEST-GROWING MARKET BETWEEN 2017 AND 2022 33
FIGURE 15 DRIVERS, OPPORTUNITIES, AND CHALLENGES OF PERFORMANCE ELASTOMERS 35
FIGURE 16 PORTER'S FIVE FORCE ANALYSIS 38
FIGURE 17 PERFORMANCE ELASTOMERS MARKET, BY TYPE 41
FIGURE 18 PERFORMANCE ELASTOMERS MARKET IN THE AUTOMOTIVE & TRANSPORTATION SEGMENT IS EXPECTED TO GROW RAPIDLY BETWEEN 2017 AND 2022 47
FIGURE 19 INDIA AND CHINAARE EMERGING AS THE STRATEGIC LOCATIONS FOR THE PERFORMANCE ELASTOMERS MARKET, 2017-2022 53
FIGURE 20 AUTOMOTIVE & TRANSPORTATION INDUSTRY IS EXPECTED TO DRIVE THE PERFORMANCE ELASTOMERS MARKET IN THE ASIA-PACIFIC BETWEEN 2016 AND 2022 61
FIGURE 21 CHINA IS EXPECTED TO LEAD THE PERFORMANCE ELASTOMERS MARKET IN THE ASIA-PACIFIC, 2017-2022 64
FIGURE 22 AUTOMOTIVE & TRANSPORTATION INDUSTRY IS EXPECTED TO DRIVE THE PERFORMANCE ELASTOMERS MARKET IN EUROPE BETWEEN 2016 AND 2022 72
FIGURE 23 PERFORMANCE ELASTOMERS MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2016 93
FIGURE 24 MARKET RANKING OF KEY PLAYERS, 2016 96
FIGURE 25 E. I. DU PONT DE NEMOURS AND COMPANY: COMPANY SNAPSHOT 98
FIGURE 26 MOMENTIVE PERFORMANCE MATERIALS INC.: COMPANY SNAPSHOT 104
FIGURE 27 SHIN-ETSU CHEMICAL CO., LTD.: COMPANY SNAPSHOT 107
FIGURE 28 DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT 110
FIGURE 29 3M COMPANY: COMPANY SNAPSHOT 113
FIGURE 30 DOW CORNING CORPORATION: COMPANY SNAPSHOT 115
FIGURE 31 SOLVAY S.A.: COMPANY SNAPSHOT 118
FIGURE 32 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT 121
FIGURE 33 WACKER CHEMIE AG: COMPANY SNAPSHOT 123