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Mineral Based Transformer Oil Market Share

Report ID: GMI5927
Published Date: Jun 2023
Report Format: PDF

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Mineral Based Transformer Oil Market Share

Major players operating across the mineral based transformer oil market include:

APAR
Calumet Specialty Products Partners, L.P
CASTROL LIMITED
HCS Group
Ergon Inc
Exxon Mobil Corporation
Gandhar Oil Refinery (India) Limited
Hydrodec Group plc
China Petroleum & Chemical Corporation
Phillips 66 Company
Sunoco Lubricants
Mineral Oil Corporation
NYNAS AB
Chevron Corporation.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of mineral based transformer oil reached USD 2.1 billion in 2023 and is anticipated to grow at 6.4% CAGR during 2024 to 2032, explains GMI report.

The naphthenic mineral-based transformer oil industry will witness 6% growth till 2032 as it exhibits excellent electrical insulating properties, making it effective in preventing electrical breakdown and maintaining the integrity of transformer insulation systems.

The Asia Pacific mineral-based transformer oil sector will record 6% growth rate from 2023 to 2032, led by the rapid development of the transmission and distribution network in the region to ensure efficient power supply.

APAR, Calumet Specialty Products Partners, L.P., CASTROL LIMITED, HCS Group, Ergon, Inc., Exxon Mobil Corporation, Gandhar Oil Refinery (India) Limited, China Petroleum & Chemical Corporation, Phillips 66 Company, Sunoco Lubricants, Mineral Oil Corporation, NYNAS AB, Chevron Corporation.