Home > Chemicals & Materials > Lubricant and Greases > Industrial Lubricants > Bio Based Transformer Oil Market

Bio Based Transformer Oil Market Size

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

Bio Based Transformer Oil Market Size

Bio Based Transformer Oil Market was assessed at over USD 135 million in 2022 and is envisioned to grow at a CAGR of over 9% by 2032. The market is experiencing robust growth primarily driven by increasing environmental concerns and regulatory mandates to reduce the use of mineral oil-based transformer oils.


Bio Based Transformer Oil Market

To understand key trends  
Download Free Sample

As the world seeks to transition to more sustainable and eco-friendly solutions, bio-based transformer oils, derived from renewable resources such as vegetable oils, offer a greener alternative. These oils are biodegradable, non-toxic, and have superior insulating properties, making them an attractive choice for transformers and electrical equipment. The growing emphasis on energy efficiency and a desire to reduce the carbon footprint in power distribution and transmission systems further propel the market's expansion as industries and utilities increasingly adopt bio-based transformer oils as a cleaner and more sustainable option.


Authors: Ankit Gupta, Vishal Saini

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.

Bio Based Transformer Oil Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 287
  • Countries covered: 19
  • Pages: 240
 Download Free Sample