Transformer oil market to grow at a CAGR of 8.7 % by 2020

Global transformer oil market anticipated to grow $3.4 B by 2020, with the mineral oil-based transformer oil segment to maintain its dominance until 2020 at a CAGR of 8.7 % by 2020, according to Allied Market Research.

Mineral oil-based transformers segment accounted for more than 90 % of the transformer oil market size in 2015 and is expected to maintain this trend until 2020.

The regions covered in this report: LAMEA, Asia-Pacific, Russia, Germany and the Middle East.

The prominent players profiled in this 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: Hi-tech News