World Transformer Oil Market to reach $3.4B by 2020

Market Research Reports, Inc. has announced the addition of “Global Transformer Oil Market Opportunities and Forecast, 2014 – 2020” research report to their offering.

The new report predicts the global transformer oil sales will reach $3.4 billion by 2020, with the mineral oil-based transformer oil segment maintaining its dominance until 2020, reports Digital Journal.

LAMEA is anticipated to be the fastest growing regional market with a CAGR of 7.4% during the forecast period.

Bio-oil based transformers segment is expected to register the highest CAGR of 12.4% from 2015 to 2020, according to the report.

The companies profiled in the report include Nynas AB, Ergon, Inc., PetroChina Company Limited, Apar Industries Limited, Calumet Specialty Products Partners, L.P., Sinopec Corporation, Hydrodec Group Plc, Cargill Incorporated, Engen Petroleum Limited, Valvoline, San Joaquin Refining Co., Inc., and Gandhar Oil Refinery India Limited.

Source: Digital Journal