Actually it is a polymer based wax called liquid glass. It comes in a gold can. When applied it formed a thin super slick plastic shell that is bonded to whatever you apply it to. Extremely durable and long lasting. I used to use it back when I was racing cars. It was incredible if you applied it to your wheels it would keep brake dust from sticking. It was the best out of everything we tried (and we tried everything ). On the hull it left a super slick and shiny coating that sheds water like nothing else. Every curve and body line now reflect light like a diamond.