Global Personal Care Ingredients Market Size, Share & Demand Report By Ingredient Type (Emollients, Surfactants, Emulsifiers, Conditioning Polymers, Active Ingredients, Preservatives, Specialty Additives), By Source Type (Synthetic, Natural, Organic/Clean-Label), By Application (Skin Care, Hair Care, Makeup, Oral Care, Toiletries), By Distribution Channel (Direct Sales, Distributors, Online Platforms), By Region & Segment Forecasts, 2025–2030

Report Code: RI1610PUB
Last Updated : December, 2025
Author : Anna Morgan

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: Personal Care Ingredients Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on Personal Care Ingredients Market
    1. Pre and Post Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. Personal Care Ingredients Market, By Ingredient Type
    1. Introduction
      1. Market Size and Forecast, By Ingredient Type
    2. Emollients
      1. Market Size and Forecast, By Region
    3. Surfactants & Cleansing Agents
      1. Market Size and Forecast, By Region
    4. Emulsifiers
      1. Market Size and Forecast, By Region
    5. Conditioning Polymers
      1. Market Size and Forecast, By Region
    6. Active Ingredients (Peptides, Antioxidants, Botanical Extracts)
      1. Market Size and Forecast, By Region
    7. Preservatives & Antimicrobials
      1. Market Size and Forecast, By Region
    8. Specialty Additives (UV Filters, Fragrances, Chelating Agents)
      1. Market Size and Forecast, By Region
  10. Personal Care Ingredients Market, By Source Type
    1. Introduction
      1. Market Size and Forecast, By Source Type
    2. Synthetic / Petrochemical-Based Ingredients
      1. Market Size and Forecast, By Region
    3. Natural / Bio-Based Ingredients
      1. Market Size and Forecast, By Region
    4. Organic / Clean-Label Ingredients
      1. Market Size and Forecast, By Region
  11. Personal Care Ingredients Market, By Application
    1. Introduction
      1. Market Size and Forecast, By Application
    2. Skin Care
      1. Market Size and Forecast, By Region
    3. Hair Care
      1. Market Size and Forecast, By Region
    4. Makeup & Color Cosmetics
      1. Market Size and Forecast, By Region
    5. Oral Care
      1. Market Size and Forecast, By Region
    6. Toiletries & Hygiene Products
      1. Market Size and Forecast, By Region
    7. Sun Care & Men’s Grooming
      1. Market Size and Forecast, By Region
  12. Personal Care Ingredients Market, By Distribution Channel
    1. Introduction
      1. Market Size and Forecast, By Distribution Channel
    2. Direct Sales (B2B)
      1. Market Size and Forecast, By Region
    3. Specialty Chemical Distributors
      1. Market Size and Forecast, By Region
    4. Online Ingredient Marketplaces
      1. Market Size and Forecast, By Region
    5. Formulation & Contract Manufacturing Partners
      1. Market Size and Forecast, By Region
  13. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. By Ingredient Type
          1. Emollients
            1. Surfactants & Cleansing Agents
              1. Emulsifiers
                1. Conditioning Polymers
                  1. Active Ingredients (Peptides, Antioxidants, Botanical Extracts)
                    1. Preservatives & Antimicrobials
                      1. Specialty Additives (UV Filters, Fragrances, Chelating Agents)
                      2. By Source Type
                        1. Synthetic / Petrochemical-Based Ingredients
                          1. Natural / Bio-Based Ingredients
                            1. Organic / Clean-Label Ingredients
                            2. By Application
                              1. Skin Care
                                1. Hair Care
                                  1. Makeup & Color Cosmetics
                                    1. Oral Care
                                      1. Toiletries & Hygiene Products
                                        1. Sun Care & Men’s Grooming
                                        2. By Distribution Channel
                                          1. Direct Sales (B2B)
                                            1. Specialty Chemical Distributors
                                              1. Online Ingredient Marketplaces
                                                1. Formulation & Contract Manufacturing Partners
                                              2. U.S.
                                                1. By Ingredient Type
                                                  1. Emollients
                                                    1. Surfactants & Cleansing Agents
                                                      1. Emulsifiers
                                                        1. Conditioning Polymers
                                                          1. Active Ingredients (Peptides, Antioxidants, Botanical Extracts)
                                                            1. Preservatives & Antimicrobials
                                                              1. Specialty Additives (UV Filters, Fragrances, Chelating Agents)
                                                              2. By Source Type
                                                                1. Synthetic / Petrochemical-Based Ingredients
                                                                  1. Natural / Bio-Based Ingredients
                                                                    1. Organic / Clean-Label Ingredients
                                                                    2. By Application
                                                                      1. Skin Care
                                                                        1. Hair Care
                                                                          1. Makeup & Color Cosmetics
                                                                            1. Oral Care
                                                                              1. Toiletries & Hygiene Products
                                                                                1. Sun Care & Men’s Grooming
                                                                                2. By Distribution Channel
                                                                                  1. Direct Sales (B2B)
                                                                                    1. Specialty Chemical Distributors
                                                                                      1. Online Ingredient Marketplaces
                                                                                        1. Formulation & Contract Manufacturing Partners
                                                                                      2. Canada
                                                                                    2. Europe
                                                                                      1. Market Size and Forecast
                                                                                        1. By Ingredient Type
                                                                                          1. Emollients
                                                                                            1. Surfactants & Cleansing Agents
                                                                                              1. Emulsifiers
                                                                                                1. Conditioning Polymers
                                                                                                  1. Active Ingredients (Peptides, Antioxidants, Botanical Extracts)
                                                                                                    1. Preservatives & Antimicrobials
                                                                                                      1. Specialty Additives (UV Filters, Fragrances, Chelating Agents)
                                                                                                      2. By Source Type
                                                                                                        1. Synthetic / Petrochemical-Based Ingredients
                                                                                                          1. Natural / Bio-Based Ingredients
                                                                                                            1. Organic / Clean-Label Ingredients
                                                                                                            2. By Application
                                                                                                              1. Skin Care
                                                                                                                1. Hair Care
                                                                                                                  1. Makeup & Color Cosmetics
                                                                                                                    1. Oral Care
                                                                                                                      1. Toiletries & Hygiene Products
                                                                                                                        1. Sun Care & Men’s Grooming
                                                                                                                        2. By Distribution Channel
                                                                                                                          1. Direct Sales (B2B)
                                                                                                                            1. Specialty Chemical Distributors
                                                                                                                              1. Online Ingredient Marketplaces
                                                                                                                                1. Formulation & Contract Manufacturing Partners
                                                                                                                              2. U.K.
                                                                                                                                1. By Ingredient Type
                                                                                                                                  1. Emollients
                                                                                                                                    1. Surfactants & Cleansing Agents
                                                                                                                                      1. Emulsifiers
                                                                                                                                        1. Conditioning Polymers
                                                                                                                                          1. Active Ingredients (Peptides, Antioxidants, Botanical Extracts)
                                                                                                                                            1. Preservatives & Antimicrobials
                                                                                                                                              1. Specialty Additives (UV Filters, Fragrances, Chelating Agents)
                                                                                                                                              2. By Source Type
                                                                                                                                                1. Synthetic / Petrochemical-Based Ingredients
                                                                                                                                                  1. Natural / Bio-Based Ingredients
                                                                                                                                                    1. Organic / Clean-Label Ingredients
                                                                                                                                                    2. By Application
                                                                                                                                                      1. Skin Care
                                                                                                                                                        1. Hair Care
                                                                                                                                                          1. Makeup & Color Cosmetics
                                                                                                                                                            1. Oral Care
                                                                                                                                                              1. Toiletries & Hygiene Products
                                                                                                                                                                1. Sun Care & Men’s Grooming
                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                  1. Direct Sales (B2B)
                                                                                                                                                                    1. Specialty Chemical Distributors
                                                                                                                                                                      1. Online Ingredient Marketplaces
                                                                                                                                                                        1. Formulation & Contract Manufacturing Partners
                                                                                                                                                                      2. Germany
                                                                                                                                                                      3. France
                                                                                                                                                                      4. Spain
                                                                                                                                                                      5. Italy
                                                                                                                                                                      6. Russia
                                                                                                                                                                      7. Nordic
                                                                                                                                                                      8. Benelux
                                                                                                                                                                      9. Rest of Europe
                                                                                                                                                                    2. APAC
                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                        1. By Ingredient Type
                                                                                                                                                                          1. Emollients
                                                                                                                                                                            1. Surfactants & Cleansing Agents
                                                                                                                                                                              1. Emulsifiers
                                                                                                                                                                                1. Conditioning Polymers
                                                                                                                                                                                  1. Active Ingredients (Peptides, Antioxidants, Botanical Extracts)
                                                                                                                                                                                    1. Preservatives & Antimicrobials
                                                                                                                                                                                      1. Specialty Additives (UV Filters, Fragrances, Chelating Agents)
                                                                                                                                                                                      2. By Source Type
                                                                                                                                                                                        1. Synthetic / Petrochemical-Based Ingredients
                                                                                                                                                                                          1. Natural / Bio-Based Ingredients
                                                                                                                                                                                            1. Organic / Clean-Label Ingredients
                                                                                                                                                                                            2. By Application
                                                                                                                                                                                              1. Skin Care
                                                                                                                                                                                                1. Hair Care
                                                                                                                                                                                                  1. Makeup & Color Cosmetics
                                                                                                                                                                                                    1. Oral Care
                                                                                                                                                                                                      1. Toiletries & Hygiene Products
                                                                                                                                                                                                        1. Sun Care & Men’s Grooming
                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                          1. Direct Sales (B2B)
                                                                                                                                                                                                            1. Specialty Chemical Distributors
                                                                                                                                                                                                              1. Online Ingredient Marketplaces
                                                                                                                                                                                                                1. Formulation & Contract Manufacturing Partners
                                                                                                                                                                                                              2. China
                                                                                                                                                                                                                1. By Ingredient Type
                                                                                                                                                                                                                  1. Emollients
                                                                                                                                                                                                                    1. Surfactants & Cleansing Agents
                                                                                                                                                                                                                      1. Emulsifiers
                                                                                                                                                                                                                        1. Conditioning Polymers
                                                                                                                                                                                                                          1. Active Ingredients (Peptides, Antioxidants, Botanical Extracts)
                                                                                                                                                                                                                            1. Preservatives & Antimicrobials
                                                                                                                                                                                                                              1. Specialty Additives (UV Filters, Fragrances, Chelating Agents)
                                                                                                                                                                                                                              2. By Source Type
                                                                                                                                                                                                                                1. Synthetic / Petrochemical-Based Ingredients
                                                                                                                                                                                                                                  1. Natural / Bio-Based Ingredients
                                                                                                                                                                                                                                    1. Organic / Clean-Label Ingredients
                                                                                                                                                                                                                                    2. By Application
                                                                                                                                                                                                                                      1. Skin Care
                                                                                                                                                                                                                                        1. Hair Care
                                                                                                                                                                                                                                          1. Makeup & Color Cosmetics
                                                                                                                                                                                                                                            1. Oral Care
                                                                                                                                                                                                                                              1. Toiletries & Hygiene Products
                                                                                                                                                                                                                                                1. Sun Care & Men’s Grooming
                                                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                                                  1. Direct Sales (B2B)
                                                                                                                                                                                                                                                    1. Specialty Chemical Distributors
                                                                                                                                                                                                                                                      1. Online Ingredient Marketplaces
                                                                                                                                                                                                                                                        1. Formulation & Contract Manufacturing Partners
                                                                                                                                                                                                                                                      2. Korea
                                                                                                                                                                                                                                                      3. Japan
                                                                                                                                                                                                                                                      4. India
                                                                                                                                                                                                                                                      5. Australia
                                                                                                                                                                                                                                                      6. Singapore
                                                                                                                                                                                                                                                      7. Taiwan
                                                                                                                                                                                                                                                      8. South East Asia
                                                                                                                                                                                                                                                      9. Rest of Asia-Pacific
                                                                                                                                                                                                                                                    2. Middle East and Africa
                                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                                        1. By Ingredient Type
                                                                                                                                                                                                                                                          1. Emollients
                                                                                                                                                                                                                                                            1. Surfactants & Cleansing Agents
                                                                                                                                                                                                                                                              1. Emulsifiers
                                                                                                                                                                                                                                                                1. Conditioning Polymers
                                                                                                                                                                                                                                                                  1. Active Ingredients (Peptides, Antioxidants, Botanical Extracts)
                                                                                                                                                                                                                                                                    1. Preservatives & Antimicrobials
                                                                                                                                                                                                                                                                      1. Specialty Additives (UV Filters, Fragrances, Chelating Agents)
                                                                                                                                                                                                                                                                      2. By Source Type
                                                                                                                                                                                                                                                                        1. Synthetic / Petrochemical-Based Ingredients
                                                                                                                                                                                                                                                                          1. Natural / Bio-Based Ingredients
                                                                                                                                                                                                                                                                            1. Organic / Clean-Label Ingredients
                                                                                                                                                                                                                                                                            2. By Application
                                                                                                                                                                                                                                                                              1. Skin Care
                                                                                                                                                                                                                                                                                1. Hair Care
                                                                                                                                                                                                                                                                                  1. Makeup & Color Cosmetics
                                                                                                                                                                                                                                                                                    1. Oral Care
                                                                                                                                                                                                                                                                                      1. Toiletries & Hygiene Products
                                                                                                                                                                                                                                                                                        1. Sun Care & Men’s Grooming
                                                                                                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                                                                                                          1. Direct Sales (B2B)
                                                                                                                                                                                                                                                                                            1. Specialty Chemical Distributors
                                                                                                                                                                                                                                                                                              1. Online Ingredient Marketplaces
                                                                                                                                                                                                                                                                                                1. Formulation & Contract Manufacturing Partners
                                                                                                                                                                                                                                                                                              2. UAE
                                                                                                                                                                                                                                                                                                1. By Ingredient Type
                                                                                                                                                                                                                                                                                                  1. Emollients
                                                                                                                                                                                                                                                                                                    1. Surfactants & Cleansing Agents
                                                                                                                                                                                                                                                                                                      1. Emulsifiers
                                                                                                                                                                                                                                                                                                        1. Conditioning Polymers
                                                                                                                                                                                                                                                                                                          1. Active Ingredients (Peptides, Antioxidants, Botanical Extracts)
                                                                                                                                                                                                                                                                                                            1. Preservatives & Antimicrobials
                                                                                                                                                                                                                                                                                                              1. Specialty Additives (UV Filters, Fragrances, Chelating Agents)
                                                                                                                                                                                                                                                                                                              2. By Source Type
                                                                                                                                                                                                                                                                                                                1. Synthetic / Petrochemical-Based Ingredients
                                                                                                                                                                                                                                                                                                                  1. Natural / Bio-Based Ingredients
                                                                                                                                                                                                                                                                                                                    1. Organic / Clean-Label Ingredients
                                                                                                                                                                                                                                                                                                                    2. By Application
                                                                                                                                                                                                                                                                                                                      1. Skin Care
                                                                                                                                                                                                                                                                                                                        1. Hair Care
                                                                                                                                                                                                                                                                                                                          1. Makeup & Color Cosmetics
                                                                                                                                                                                                                                                                                                                            1. Oral Care
                                                                                                                                                                                                                                                                                                                              1. Toiletries & Hygiene Products
                                                                                                                                                                                                                                                                                                                                1. Sun Care & Men’s Grooming
                                                                                                                                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                  1. Direct Sales (B2B)
                                                                                                                                                                                                                                                                                                                                    1. Specialty Chemical Distributors
                                                                                                                                                                                                                                                                                                                                      1. Online Ingredient Marketplaces
                                                                                                                                                                                                                                                                                                                                        1. Formulation & Contract Manufacturing Partners
                                                                                                                                                                                                                                                                                                                                      2. Turky
                                                                                                                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                                                                                                                        1. By Ingredient Type
                                                                                                                                                                                                                                                                                                                                          1. Emollients
                                                                                                                                                                                                                                                                                                                                            1. Surfactants & Cleansing Agents
                                                                                                                                                                                                                                                                                                                                              1. Emulsifiers
                                                                                                                                                                                                                                                                                                                                                1. Conditioning Polymers
                                                                                                                                                                                                                                                                                                                                                  1. Active Ingredients (Peptides, Antioxidants, Botanical Extracts)
                                                                                                                                                                                                                                                                                                                                                    1. Preservatives & Antimicrobials
                                                                                                                                                                                                                                                                                                                                                      1. Specialty Additives (UV Filters, Fragrances, Chelating Agents)
                                                                                                                                                                                                                                                                                                                                                      2. By Source Type
                                                                                                                                                                                                                                                                                                                                                        1. Synthetic / Petrochemical-Based Ingredients
                                                                                                                                                                                                                                                                                                                                                          1. Natural / Bio-Based Ingredients
                                                                                                                                                                                                                                                                                                                                                            1. Organic / Clean-Label Ingredients
                                                                                                                                                                                                                                                                                                                                                            2. By Application
                                                                                                                                                                                                                                                                                                                                                              1. Skin Care
                                                                                                                                                                                                                                                                                                                                                                1. Hair Care
                                                                                                                                                                                                                                                                                                                                                                  1. Makeup & Color Cosmetics
                                                                                                                                                                                                                                                                                                                                                                    1. Oral Care
                                                                                                                                                                                                                                                                                                                                                                      1. Toiletries & Hygiene Products
                                                                                                                                                                                                                                                                                                                                                                        1. Sun Care & Men’s Grooming
                                                                                                                                                                                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                          1. Direct Sales (B2B)
                                                                                                                                                                                                                                                                                                                                                                            1. Specialty Chemical Distributors
                                                                                                                                                                                                                                                                                                                                                                              1. Online Ingredient Marketplaces
                                                                                                                                                                                                                                                                                                                                                                                1. Formulation & Contract Manufacturing Partners
                                                                                                                                                                                                                                                                                                                                                                              2. Brazil
                                                                                                                                                                                                                                                                                                                                                                                1. By Ingredient Type
                                                                                                                                                                                                                                                                                                                                                                                  1. Emollients
                                                                                                                                                                                                                                                                                                                                                                                    1. Surfactants & Cleansing Agents
                                                                                                                                                                                                                                                                                                                                                                                      1. Emulsifiers
                                                                                                                                                                                                                                                                                                                                                                                        1. Conditioning Polymers
                                                                                                                                                                                                                                                                                                                                                                                          1. Active Ingredients (Peptides, Antioxidants, Botanical Extracts)
                                                                                                                                                                                                                                                                                                                                                                                            1. Preservatives & Antimicrobials
                                                                                                                                                                                                                                                                                                                                                                                              1. Specialty Additives (UV Filters, Fragrances, Chelating Agents)
                                                                                                                                                                                                                                                                                                                                                                                              2. By Source Type
                                                                                                                                                                                                                                                                                                                                                                                                1. Synthetic / Petrochemical-Based Ingredients
                                                                                                                                                                                                                                                                                                                                                                                                  1. Natural / Bio-Based Ingredients
                                                                                                                                                                                                                                                                                                                                                                                                    1. Organic / Clean-Label Ingredients
                                                                                                                                                                                                                                                                                                                                                                                                    2. By Application
                                                                                                                                                                                                                                                                                                                                                                                                      1. Skin Care
                                                                                                                                                                                                                                                                                                                                                                                                        1. Hair Care
                                                                                                                                                                                                                                                                                                                                                                                                          1. Makeup & Color Cosmetics
                                                                                                                                                                                                                                                                                                                                                                                                            1. Oral Care
                                                                                                                                                                                                                                                                                                                                                                                                              1. Toiletries & Hygiene Products
                                                                                                                                                                                                                                                                                                                                                                                                                1. Sun Care & Men’s Grooming
                                                                                                                                                                                                                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                                                                  1. Direct Sales (B2B)
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Specialty Chemical Distributors
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Online Ingredient Marketplaces
                                                                                                                                                                                                                                                                                                                                                                                                                        1. Formulation & Contract Manufacturing Partners
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Mexico
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Argentina
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Chile
                                                                                                                                                                                                                                                                                                                                                                                                                      5. Colombia
                                                                                                                                                                                                                                                                                                                                                                                                                      6. Rest of LATAM
                                                                                                                                                                                                                                                                                                                                                                                                                  2. Competitive Landscape, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Introduction
                                                                                                                                                                                                                                                                                                                                                                                                                    2. Personal Care Ingredients Market Share Analysis, 2024 (%)
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Market Share Analysis, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Competition Ranking, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Key Developments & Growth Strategies
                                                                                                                                                                                                                                                                                                                                                                                                                        1. Merger & Acquisition
                                                                                                                                                                                                                                                                                                                                                                                                                        2. Product Launch
                                                                                                                                                                                                                                                                                                                                                                                                                        3. Expansion
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Consolidated SWOT Analysis of Key Players
                                                                                                                                                                                                                                                                                                                                                                                                                  3. Company Profile
                                                                                                                                                                                                                                                                                                                                                                                                                    1. BASF SE
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Business Overview
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Financial Data
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Key Product domains
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Recent Developments
                                                                                                                                                                                                                                                                                                                                                                                                                    2. Dow Chemical Company
                                                                                                                                                                                                                                                                                                                                                                                                                    3. Croda International Plc
                                                                                                                                                                                                                                                                                                                                                                                                                    4. Evonik Industries AG
                                                                                                                                                                                                                                                                                                                                                                                                                    5. Ashland Inc.
                                                                                                                                                                                                                                                                                                                                                                                                                    6. Nouryon
                                                                                                                                                                                                                                                                                                                                                                                                                    7. Clariant AG
                                                                                                                                                                                                                                                                                                                                                                                                                    8. Givaudan SA
                                                                                                                                                                                                                                                                                                                                                                                                                    9. Eastman Chemical Company
                                                                                                                                                                                                                                                                                                                                                                                                                    10. The Lubrizol Corporation