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Bio Based Transformer Oil Market Share

Report ID: GMI7332
Published Date: Nov 2023
Report Format: PDF

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Bio Based Transformer Oil Market Share

APAR dominates the biobased transformer oil industry, boasting a significant market share due to its commitment to innovation, product quality, and sustainability. With a robust portfolio of environmentally friendly transformer oils, APAR has gained the trust of customers worldwide, positioning itself as a leader in this burgeoning industry. Their cutting-edge solutions not only meet the stringent industry standards but also contribute to a greener, more sustainable energy sector, driving their unparalleled market success.

Some of the key market players operating across the bio based transformer oil industry are:

NYNAS AB
Cargill
SCG Chemicals Public Company Limited
M&I Materials Limited
Shell
APAR
Calumet Specialty Products Partners, L.P.
P.S.P. Specialties Public Company Limited
Savita Oil Technologies Limited
Raj Petro Specialities Pvt. Ltd.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Bio Based Transformer Oil industry Size was over USD 135 million in 2022 and is envisioned to record over 9% CAGR from 2023 to 2032.

The instrument transformers segment is expected to record 8.5% CAGR from 2023 to 2032 as environmental concerns and regulatory support are driving a shift towards eco-friendly alternatives in transformer oil.

Asia Pacific bio based transformer oil industry is predicted to record over 9% CAGR from 2023 to 2032, owing to increasing environmental concerns and the need for sustainable solutions, which in turn have led to a growing preference for bio-based transformer oils over traditional mineral-based alternatives.

NYNAS AB, Cargill, SCG Chemicals Public Company Limited, M&I Materials Limited, Shell, APAR, Calumet Specialty Products Partners, L.P., P.S.P. Specialties Public Company Limited, Savita Oil Technologies Limited, and Raj Petro Specialities Pvt. Ltd.