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Paraffinic Transformer Oil Market Share

Report ID: GMI6179
Published Date: Jul 2023
Report Format: PDF

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Paraffinic Transformer Oil Market Share

Key players operational across the paraffinic transformer oil market include

APAR
Calumet Specialty Products Partners, L.P.
CASTROL LIMITED
RENKERT OIL
Ergon, Inc.
Exxon Mobil Corporation
Gandhar Oil Refinery (India) Limited
LODHA Petro
China Petroleum & Chemical Corporation
Adinath Chemicals
ACME INSULATION CO.LTD
Petrotek
NYNAS AB
Nepal Lube Oil Limited

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of paraffinic transformer oil was worth over USD 923.7 million in 2023 and will reach around USD 1.6 billion by 2032 driven by the increasing global demand for electricity.

The power transformer application segment is poised to record more than 6.5% CAGR from 2023 to 2032 owing to the rising demand for efficient equipment in electricity grid infrastructure.

Asia Pacific market for paraffinic transformer oil exceeded USD 350 million in 2022 and is anticipated to surpass USD 700 million by 2032 due to the rapid population growth, industrialization, and urbanization.

Some of the key paraffinic transformer oil market players include APAR, Calumet Specialty Products Partners, L.P., CASTROL LIMITED, RENKERT OIL, Ergon, Inc., Exxon Mobil Corporation, Gandhar Oil Refinery (India) Limited, LODHA Petro, and China Petroleum & Chemical Corporation.