Middle East & Africa mineral oils market is expected to reach USD 380,217.71 Thousand by 2030 from USD 276,890.02 Thousand in 2022, growing at a CAGR of 4.2% in the forecast period of 2023 to 2030 Market Segmentation: Middle East & Africa Mineral Oils Market, By Class (Paraffinic Oil, Aromatic Oil and Naphthenic Oil), Grade (Industrial Grade, Pharmaceutical Grade, Cosmetic Grade and Food Grade), Application (Lubricants, Pharmaceuticals, Cosmetics & Personal Care, Food Industry, Electrical and Industrial, Tires/Rubbers, Agriculture, Polymers, Packaging, Textile, Adhesives, Coatings/Inks and Others), Country (Saudi Arabia, Egypt, South Africa, United Arab Emirates, Qatar, Kuwait, Oman, Bahrain, Rest of Middle East and Africa) - Industry Trends and Forecast to 2030 Overview of Middle East & Africa Mineral Oils Market Dynamics: Driver • Emerging consumption of mineral oil in personal care and cosmetics products • Rising adoption in pharmaceutical markets • Positive outlook toward the lubricants industry Restrain • Fluctuation in raw material prices • Availability of substitutes Opportunity • Novel applications of mineral oils in advanced battery system manufacturing Market Players: The key players operating in the middle east & africa mineral oils market are: • Eastern Petroleum • Shanghai Bojing Chemical Industry Co., Ltd • ALLWIN TRADE SOLUTIONS • Petro‐Canada Lubricants Inc. • NANDAN PETROCHEM LTD, • AP SAIGON PETRO • Gandhar Oil Refinery (India) Limited • Eni Benelux B.V. • APAR Industries Limited • Exxon Mobil Corporation • Calumet Specialty Products Partners, L.P. • LODHA Petro • RENKERT OIL • Cepsa • LANXESS • The International Group, Inc. • CARMEL Industries • H&R GROUP • Indian Oil Corporation Ltd • Unicorn. • Adinath Chemicals • savita.com • Repsol

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 - MIDDLE EAST & AFRICA 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 MIDDLE EAST & AFRICA MINERAL OIL MARKET: BY REGION 64 7.1 MIDDLE EAST & AFRICA 64 8 MIDDLE EAST & AFRICA MINERAL OIL MARKET: COMPANY LANDSCAPE 67 8.1 COMPANY SHARE ANALYSIS: MIDDLE EAST & AFRICA 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