Companies Dominating the Bio-Based Transformer Oil Market
- APAR Industries
- Business strategy
- Key product offerings
- Financial performance
- Risk analysis
- Recent development
- Regional presence
- SWOT Analysis
- Calumet Speciality Product Partners, L.P.
- ENGEN PETROLEUM LTD
- NYNAS AB
- The DOW Chemical Company
- Shell Group
- Novvi, LLC.
- AICHI ELECTRIC CO., LTD.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of bio-based transformer oil is evaluated at USD 81.12 million.
The bio-based transformer oil market size was valued at USD 77.58 million in 2024 and is expected to reach USD 159.49 million by 2037, registering around 5.7% CAGR during the forecast period i.e., between 2025-2037. The market growth is owing to increasing modernization in the transformer for the production of electricity, followed by the surging adoption of transformers across the globe.Â
North America industry is likely to dominate majority revenue share of 31% by 2037, driven by growing demand for electricity in the residential, commercial, and industrial sector in the region.
The major players in the market are APAR Industries, Calumet Speciality Product Partners, L.P., ENGEN PETROLEUM LTD, NYNAS AB, The DOW Chemical Company, Shell Group, Novvi, LLC., AICHI ELECTRIC CO., LTD.
