1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 14
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15

2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 18
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 19
2.1.2.3 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 20
2.3 DATA TRIANGULATION 22
2.4 ASSUMPTIONS 23

3 EXECUTIVE SUMMARY 24

4 PREMIUM INSIGHTS 27
4.1 ATTRACTIVE OPPORTUNITIES IN THE SPECIALTIES OF LUBE OIL REFINERY MARKET 27
4.2 SPECIALTIES OF LUBE OIL REFINERY MARKET, BY TYPE AND REGION 28
4.3 SPECIALTIES OF LUBE OIL REFINERY MARKET, BY REGION 28

5 MARKET OVERVIEW 29
5.1 INTRODUCTION 29
5.2 MARKET DYNAMICS 29
5.2.1 DRIVERS 30
5.2.1.1 Rising demand from applications such as candle manufacturing and rubber processing 30
5.2.1.2 Growing population, changing lifestyle, and increasing per capita income 30
5.2.2 RESTRAINTS 30
5.2.2.1 Shrinking supply of paraffin wax 30
5.2.3 OPPORTUNITIES 31
5.2.3.1 Continuous R&D to improve the performance of white oil and petrolatum for use in cosmetics and pharmaceutical applications 31
5.2.4 CHALLENGES 31
5.2.4.1 Increasing demand for synthetic and bio-based waxes 31
5.3 PORTER’S FIVE FORCES ANALYSIS 32
5.3.1 BARGAINING POWER OF SUPPLIERS 33
5.3.2 THREAT OF NEW ENTRANTS 33
5.3.3 THREAT OF SUBSTITUTES 33
5.3.4 BARGAINING POWER OF BUYERS 33
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 34
5.4 MACROECONOMIC INDICATORS 34
5.4.1 TRENDS AND FORECAST OF PER CAPITA GDP 34
5.4.2 TRENDS OF OIL PRODUCTION AND CONSUMPTION 35

6 SPECIALTIES OF LUBE OIL REFINERY MARKET, BY TYPE 41
6.1 INTRODUCTION 42
6.2 FULLY REFINED WAX 43
6.2.1 DEMAND FROM COSMETICS, FOOD PACKAGING, AND PHARMACEUTICAL APPLICATIONS TO DRIVE THE FULLY REFINED WAX MARKET 44
6.3 RUBBER PROCESS OIL 44
6.3.1 GROWING DEMAND FOR EFFICIENT AND BETTER QUALITY TYRES IS DRIVING THE RUBBER PROCESS OIL MARKET 45
6.4 WHITE OIL 46
6.4.1 GROWTH IN COSMETICS AND SKIN CARE MARKETS TO INCREASE THE DEMAND FOR WHITE OIL 46
6.5 SLACK WAX 47
6.5.1 RISING DEMAND FROM VARIOUS INDUSTRIAL APPLICATIONS TO DRIVE THE SLACK WAX MARKET 47
6.6 SEMI REFINED WAX 48
6.6.1 SEMI REFINED WAX HAS HIGH DEMAND IN CANDLE MANUFACTURING 48
6.7 PETROLATUM 49
6.7.1 EXCELLENT MOISTENING PROPERTY OF PETROLATUM TO DRIVE ITS USE IN SKIN CARE PRODUCTS 49
6.8 MICROCRYSTALLINE WAX 50
6.8.1 PERSONAL CARE APPLICATIONS OF MICROCRYSTALLINE WAX TO DRIVE ITS DEMAND 50
6.9 OTHERS 51

7 SPECIALTIES OF LUBE OIL REFINERY MARKET, BY REGION 52
7.1 INTRODUCTION 53
7.2 APAC 54
7.2.1 HIGH DEMAND FROM TYRE MANUFACTURING INDUSTRY IN APAC IS DRIVING THE RUBBER PROCESS OIL MARKET 55
7.3 NORTH AMERICA 56
7.3.1 PHARMACEUTICAL INDUSTRY TO DRIVE THE MARKET IN NORTH AMERICA 57
7.4 EUROPE 58
7.4.1 STRINGENT REGULATIONS IN EUROPE TO HAMPER THE MARKET GROWTH 59
7.5 SOUTH AMERICA 60
7.5.1 PERSONAL CARE APPLICATIONS TO DRIVE THE MARKET IN SOUTH AMERICA 61
7.6 MIDDLE EAST & AFRICA 62
7.6.1 COSMETICS APPLICATIONS TO DRIVE THE MARKET IN THE MIDDLE EAST & AFRICA 63

8 COMPETITIVE LANDSCAPE 64
8.1 INTRODUCTION 64
8.2 MARKET RANKING 66
8.3 COMPETITIVE SCENARIO 67
8.3.1 EXPANSION 67
8.3.2 MERGER & ACQUISITION 68
8.3.3 DIVESTMENT 69
8.3.4 AGREEMENT 70
8.3.5 JOINT VENTURE 70
8.3.6 NEW PRODUCT DEVELOPMENT 71

9 COMPANY PROFILES 72
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
9.1 EXXON MOBIL CORPORATION 72
9.2 SINOPEC CORPORATION 75
9.3 ROYAL DUTCH SHELL PLC 78
9.4 ENI S.P.A. 81
9.5 SASOL LTD. 84
9.6 TOTAL SA 86
9.7 PETROCHINA COMPANY LIMITED 89
9.8 CHEVRON CORPORATION 91
9.9 REPSOL SA 92
9.10 LUKOIL 94
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
9.11 ADDITIONAL COMPANY PROFILES 95
9.11.1 PETROLIAM NASIONAL BERHAD (PETRONAS) 95
9.11.2 GRUPA LOTOS SA 95
9.11.3 NIPPON SEIRO CO., LTD. 95
9.11.4 HOLLYFRONTIER CORPORATION 96
9.11.5 NYNAS AB 96
9.11.6 PETROBRAS SA 96
9.11.7 THE INTERNATIONAL GROUP, INC. 96
9.11.8 INDIAN OIL CORPORATION LIMITED 97
9.11.9 HONEYWELL INTERNATIONAL, INC. 97
9.11.10 CEPSA SA 97
9.11.11 DONGNAM PETROLEUM CO., LTD. 97
9.11.12 MORESCO CORPORATION 98
9.11.13 APAR INDUSTRIES LTD. 98
9.11.14 GANDHAR OIL REFINERY (INDIA) LIMITED 98
9.11.15 PARAFFINWAXCO, INC. 98
9.11.16 H&R GROUP 99

10 APPENDIX 100
10.1 DISCUSSION GUIDE 100
10.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 104
10.3 AVAILABLE CUSTOMIZATIONS 106
10.4 RELATED REPORTS 106
10.5 AUTHOR DETAILS 107

LIST OF TABLES
TABLE 1 TRENDS AND FORECAST OF PER CAPITA GDP, BY KEY COUNTRIES, 2016–2022 (USD) 34
TABLE 2 OIL PRODUCTION, BY KEY COUNTRIES, 2017 (THOUSAND BARRELS DAILY) 35
TABLE 3 OIL CONSUMPTION, BY KEY COUNTRIES, 2017 (THOUSAND BARRELS DAILY) 37
TABLE 4 SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 42
TABLE 5 SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (KILOTON) 43
TABLE 6 FULLY REFINED WAX MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 44
TABLE 7 FULLY REFINED WAX MARKET SIZE, BY REGION, 2016–2023 (KILOTON) 44
TABLE 8 RUBBER PROCESS OIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 45
TABLE 9 RUBBER PROCESS OIL MARKET SIZE, BY REGION, 2016–2023 (KILOTON) 45
TABLE 10 WHITE OIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 46
TABLE 11 WHITE OIL MARKET SIZE, BY REGION, 2016–2023 (KILOTON) 46
TABLE 12 SLACK WAX MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 47
TABLE 13 SLACK WAX MARKET SIZE, BY REGION, 2016–2023 (KILOTON) 47
TABLE 14 SEMI REFINED WAX MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 48
TABLE 15 SEMI REFINED WAX MARKET SIZE, BY REGION, 2016–2023 (KILOTON) 48
TABLE 16 PETROLATUM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 49
TABLE 17 PETROLATUM MARKET SIZE, BY REGION, 2016–2023 (KILOTON) 49
TABLE 18 MICROCRYSTALLINE WAX MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 50
TABLE 19 MICROCRYSTALLINE WAX MARKET SIZE, BY REGION, 2016–2023 (KILOTON) 50
TABLE 20 OTHERS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 51
TABLE 21 OTHERS MARKET SIZE, BY REGION, 2016–2023 (KILOTON) 51
TABLE 22 SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 53
TABLE 23 SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY REGION, 2016–2023 (KILOTON) 53
TABLE 24 APAC: SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 55
TABLE 25 APAC: SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (KILOTON) 55
TABLE 26 NORTH AMERICA: SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 57
TABLE 27 NORTH AMERICA: SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (KILOTON) 57
TABLE 28 EUROPE: SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 59
TABLE 29 EUROPE: SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (KILOTON) 59
TABLE 30 SOUTH AMERICA: SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 61
TABLE 31 SOUTH AMERICA: SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (KILOTON) 61
TABLE 32 MIDDLE EAST & AFRICA: SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 63
TABLE 33 MIDDLE EAST & AFRICA: SPECIALTIES OF LUBE OIL REFINERY MARKET SIZE, BY TYPE, 2016–2023 (KILOTON) 63
TABLE 34 EXPANSION, 2013–2018 67
TABLE 35 MERGER & ACQUISITION, 2013–2018 68
TABLE 36 DIVESTMENT, 2013–2018 69
TABLE 37 AGREEMENT, 2013–2018 70
TABLE 38 JOINT VENTURE, 2013–2018 70
TABLE 39 NEW PRODUCT DEVELOPMENT, 2013–2018 71

LIST OF FIGURES
FIGURE 1 SPECIALTIES OF LUBE OIL REFINERY: MARKET SEGMENTATION 14
FIGURE 2 SPECIALTIES OF LUBE OIL REFINERY MARKET: RESEARCH DESIGN 16
FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 20
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 21
FIGURE 5 SPECIALTIES OF LUBE OIL REFINERY MARKET: DATA TRIANGULATION 22
FIGURE 6 FULLY REFINED WAX SEGMENT TO LEAD THE SPECIALTIES OF LUBE OIL REFINERY MARKET 25
FIGURE 7 APAC TO REGISTER THE HIGHEST CAGR IN THE MARKET 26
FIGURE 8 SPECIALTIES OF LUBE OIL REFINERY MARKET TO WITNESS SLUGGISH GROWTH 27
FIGURE 9 FULLY REFINED WAX SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2017 28
FIGURE 10 APAC TO BE THE LARGEST AND THE FASTEST-GROWING MARKET 28
FIGURE 11 OVERVIEW OF FACTORS GOVERNING THE SPECIALTIES OF LUBE OIL REFINERY MARKET 29
FIGURE 12 SPECIALTIES OF LUBE OIL REFINERY MARKET: PORTER’S FIVE FORCES ANALYSIS 32
FIGURE 13 TRENDS OF OIL PRODUCTION, 2017 37
FIGURE 14 TRENDS OF OIL CONSUMPTION, 2017 40
FIGURE 15 FULLY REFINED TO BE THE LARGEST TYPE OF SPECIALTIES OF LUBE OIL REFINERY MARKET 42
FIGURE 16 APAC TO BE THE LARGEST FULLY REFINED WAX MARKET 43
FIGURE 17 APAC TO WITNESS MODERATE GROWTH IN THE SPECIALTIES OF LUBE OIL REFINERY MARKET 54
FIGURE 18 NORTH AMERICA IS THE SECOND-LARGEST SPECIALTIES OF LUBE OIL REFINERY MARKET 56
FIGURE 19 EUROPE TO WITNESS A SLUGGISH GROWTH IN THE SPECIALTIES OF LUBE OIL REFINERY MARKET 58
FIGURE 20 SOUTH AMERICA TO WITNESS MODERATE GROWTH IN SPECIALTIES OF LUBE OIL REFINERY MARKET 60
FIGURE 21 MIDDLE EAST & AFRICA TO PROVIDE HUGE OPPORTUNITIES TO MANUFACTURING SECTOR 62
FIGURE 22 EXPANSION AND MERGER & ACQUISITION WERE THE MOST PREFERRED STRATEGIES ADOPTED BY KEY COMPANIES BETWEEN 2013 AND 2018 65
FIGURE 23 RANKING OF KEY SPECIALTIES OF LUBE OIL REFINERY MANUFACTURERS, 2017 66
FIGURE 24 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT 72
FIGURE 25 EXXON MOBIL CORPORATION: SWOT ANALYSIS 74
FIGURE 26 SINOPEC CORPORATION: COMPANY SNAPSHOT 75
FIGURE 27 SINOPEC CORPORATION: SWOT ANALYSIS 77
FIGURE 28 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT 78
FIGURE 29 ROYAL DUTCH SHELL PLC: SWOT ANALYSIS 80
FIGURE 30 ENI S.P.A.: COMPANY SNAPSHOT 81
FIGURE 31 ENI S.P.A.: SWOT ANALYSIS 83
FIGURE 32 SASOL LTD.: COMPANY SNAPSHOT 84
FIGURE 33 SASOL LTD.: SWOT ANALYSIS 85
FIGURE 34 TOTAL SA: COMPANY SNAPSHOT 86
FIGURE 35 TOTAL SA: SWOT ANALYSIS 87
FIGURE 36 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT 89
FIGURE 37 PETROCHINA COMPANY LIMITED: SWOT ANALYSIS 90
FIGURE 38 CHEVRON CORPORATION: COMPANY SNAPSHOT 91
FIGURE 39 REPSOL SA: COMPANY SNAPSHOT 92
FIGURE 40 LUKOIL: COMPANY SNAPSHOT 94