Market Overview:
The global silicone-based insulating oil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for silicone-based insulating oil from the transformer industry, owing to its properties such as high dielectric strength and thermal stability. In addition, the growing demand for electric vehicles is also expected to drive the growth of this market during the forecast period. Based on type, low flash point silicone-based insulating oil is projected to lead the global market during the forecast period. This can be attributed to its properties such as low volatility and nonflammability which make it suitable for use in transformers with a lower rating limit.
Product Definition:
Silicone-based Insulating Oil is a type of insulation oil that contains silicone. It is used to insulate electrical equipment and protect it from overheating. Silicone-based Insulating Oil is important because it helps keep electrical equipment running safely and efficiently.
Low Flash Point:
Low flash point insulating oil is used for the production of various products such as gaskets, seals and other silicone-based components. Low flash point silicones are preferred over high flash point ones owing to several reasons such as low cost, ease of processing and less energy consumption during its combustion.
Medium Flash Point:
The flash point is the lowest temperature at which a flammable substance will auto-ignite and burn. The lower the flash point, the more volatile and dangerous a given substance is. There are several ways to test the flash point of a liquid such as using closed cup tests, open cup tests, etc., but one of them is to use silicone oil as an indicator.
Application Insights:
Silicone-based insulating oils are used in ordinary transformers to provide thermal insulation for the transformer core. The product is also used in electrical heat resistant equipment, such as motor/generator sets and switchgear. Increasing electricity demand across various countries, including India, China and the U.S., will drive silicone-based insulating oil (SLIO) market growth over the forecast period.
EHV transformers use a different type of oil formulation that requires specific manufacturing processes to manufacture EHV insulated oil products with high dielectric strength and low viscosity grades suitable for use in electric insulation applications.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for electric vehicles, large population, rapid urbanization along with increasing industrial activities. Rising construction activities due to growing economies coupled with government initiatives such as “housing for all†project in India are likely to boost silicone-based insulating oils demand over the coming years.
The Asia Pacific market is dominated by China owing to high consumption of transformer oil and it accounted for a volume share of more than 60% in 2017 owing both ordinary & emergency transformer applications.
Europe was one of the significant markets accounting for exceeding 25% volume share on account of rising application scope in transformers within Europe especially Germany and U.K.
Growth Factors:
- Increasing demand for silicone-based insulating oil from the electrical and electronics industry as a result of the growth in these industries.
- The increasing demand for silicone-based insulating oil in Asia Pacific due to the growth of the industrial and automotive sectors in this region.
- The growing use of silicone-based insulating oil in transformers, capacitors, and other electrical equipment due to its superior properties such as thermal stability, dielectric strength, and low flammability.
- The increasing investment by manufacturers in research and development activities to develop new products that can meet the specific needs of various end-use industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Silicone-based Insulating Oil Market Research Report
By Type
Low Flash Point, Medium Flash Point, Higher Flash Point
By Application
Ordinary Transformer, EHV Transformer
By Companies
Nynas, Petrochina, Ergon, Apar Industry, CNOOC, Shell, Sinopec, Savita Oil, Calumet, Engen Petroleum, Valvoline, Jiangsu Gaoke, Raj Petro Specialties, Jiangsu Shuangjiang, Hydrodec, Cargill, Dow Corning
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Silicone-based Insulating Oil Market Report Segments:
The global Silicone-based Insulating Oil market is segmented on the basis of:
Types
Low Flash Point, Medium Flash Point, Higher Flash Point
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ordinary Transformer, EHV Transformer
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nynas
- Petrochina
- Ergon
- Apar Industry
- CNOOC
- Shell
- Sinopec
- Savita Oil
- Calumet
- Engen Petroleum
- Valvoline
- Jiangsu Gaoke
- Raj Petro Specialties
- Jiangsu Shuangjiang
- Hydrodec
- Cargill
- Dow Corning
Highlights of The Silicone-based Insulating Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Flash Point
- Medium Flash Point
- Higher Flash Point
- By Application:
- Ordinary Transformer
- EHV Transformer
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Silicone-based Insulating Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Silicone-based insulating oil is a type of insulation that is made from silicone. It is a petroleum-based product, but it has been reformulated to be made from silicone. This oil can be used in place of traditional insulation materials like fiberglass or foam, and it can provide better thermal performance than those materials.
Some of the key players operating in the silicone-based insulating oil market are Nynas, Petrochina, Ergon, Apar Industry, CNOOC, Shell, Sinopec, Savita Oil, Calumet, Engen Petroleum, Valvoline, Jiangsu Gaoke, Raj Petro Specialties, Jiangsu Shuangjiang, Hydrodec, Cargill, Dow Corning.
The silicone-based insulating oil market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Silicone-based Insulating Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Silicone-based Insulating Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Silicone-based Insulating Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Silicone-based Insulating Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Silicone-based Insulating Oil Market Size & Forecast, 2020-2028
4.5.1 Silicone-based Insulating Oil Market Size and Y-o-Y Growth
4.5.2 Silicone-based Insulating Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Flash Point
5.2.2 Medium Flash Point
5.2.3 Higher Flash Point
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Ordinary Transformer
6.2.2 EHV Transformer
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Silicone-based Insulating Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Silicone-based Insulating Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Flash Point
9.6.2 Medium Flash Point
9.6.3 Higher Flash Point
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Ordinary Transformer
9.10.2 EHV Transformer
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Flash Point
10.6.2 Medium Flash Point
10.6.3 Higher Flash Point
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Ordinary Transformer
10.10.2 EHV Transformer
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Flash Point
11.6.2 Medium Flash Point
11.6.3 Higher Flash Point
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Ordinary Transformer
11.10.2 EHV Transformer
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Flash Point
12.6.2 Medium Flash Point
12.6.3 Higher Flash Point
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Ordinary Transformer
12.10.2 EHV Transformer
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Flash Point
13.6.2 Medium Flash Point
13.6.3 Higher Flash Point
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Ordinary Transformer
13.10.2 EHV Transformer
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Silicone-based Insulating Oil Market: Competitive Dashboard
14.2 Global Silicone-based Insulating Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nynas
14.3.2 Petrochina
14.3.3 Ergon
14.3.4 Apar Industry
14.3.5 CNOOC
14.3.6 Shell
14.3.7 Sinopec
14.3.8 Savita Oil
14.3.9 Calumet
14.3.10 Engen Petroleum
14.3.11 Valvoline
14.3.12 Jiangsu Gaoke
14.3.13 Raj Petro Specialties
14.3.14 Jiangsu Shuangjiang
14.3.15 Hydrodec
14.3.16 Cargill
14.3.17 Dow Corning
