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Silicone Based Transformer Oil Market Share

Report ID: GMI7170
Published Date: Oct 2023
Report Format: PDF

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Silicone Based Transformer Oil Market Share

Dow, a multinational corporation, stands as the dominant player in the silicone-based transformer oil business, boasting the highest market share. Renowned for its innovative silicone technologies, Dow has established a strong presence in the industry. Their silicone transformer fluids offer outstanding dielectric properties, thermal stability, and resistance to moisture, making them a preferred choice for various applications. Dow's extensive product portfolio, coupled with a global distribution network, has instilled confidence among consumers and reinforced its leadership position.

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

JIT Silicones Plus
Aevitas Inc.
Clearco Products Co., Inc.
Midwest Lubricants LLC.
Supreme Silicones India Pvt Ltd
Changzhou Juyou New Material Tech Co.,Ltd
Eden Transformer Oil Ltd
BENZOIL
Dow
Cargill, Incorporated
DRP Silicone
Antala S.L.
Supreme Chemicals Co.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of silicone based transformer oil was exceeded USD 593.3 million in 2023 and is estimated to witness over 7.2% CAGR from 2024 to 2032, due to the surging demand for high-performance electrical insulation fluids and the increasing emphasis on grid reliability, energy efficiency, and sustainability.

Silicone based transformer oil industry size from the instrument application segment is expected to record 7% CAGR through 2032, owing to the increased demand for accurate and reliable electrical measurement and control instruments in various industries.

Asia Pacific silicone based transformer oil market size is anticipated to register over 7% CAGR from 2023 to 2032, owing to rapid urbanization and industrialization across the region.

Aevitas Inc., Clearco Products Co., Inc., Midwest Lubricants LLC., Supreme Silicones India Pvt Ltd, Changzhou Juyou New Material Tech Co.,Ltd, Eden Transformer Oil Ltd, BENZOIL, and Dow are some of the leading silicone based transformer oil companies.