Market Overview:
The global 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 electric power and rising investments in transmission and distribution infrastructure. In addition, the growing demand for energy-efficient equipment is also contributing to the growth of this market. Based on type, the mineral oil-based insulating oil segment is expected to lead the global insulating oil market during the forecast period. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030 due to its high thermal stability and low volatility characteristics as compared with other types of oils available in the market.
Product Definition:
Insulating oil is a dielectric fluid which is used to improve the electrical insulation of equipment. The main benefit of using insulating oil is that it can help to prevent electric shocks and fires.
Mineral Oil-based Insulating Oil:
Mineral oil-based insulating oil is a special type of mineral oils, which acts as an excellent thermal barrier and also helps to retain the original properties of wood during seasoning. It has high flash point compared to other types of insulating oils and thus reduces the chances of fire occurrence.
Silicone-based Insulating Oil:
Silicone-based insulating oil is a special type of mineral oil which has been processed to make it non-toxic, odorless and tasteless. It is widely used in the manufacturing of insulating oils for thermal insulation purposes. Silicone based insulating oils are also utilized as plasticizers in acrylic coatings and as anti-blocking additives in greases. They have excellent low temperature properties along with high resistance to chemical attack and oxidation.
Application Insights:
EHV transformer segment is expected to witness significant growth over the forecast period owing to rising demand for insulating oils in power generation and transmission sectors. Growing electricity demand across various economies including India, China, Brazil etc. is anticipated to boost the EHV transformer market over the forecast period.
The ordinary transformer segment held a substantial share of global revenue in 2017 and is projected to continue its dominance throughout the forecast years due primarily to high product usage in industrial applications such as chemical processing plants along with an increase in electrical & mechanical energy production activities globally which are further estimated to propel product demand worldwide. Increasing use of electric motors coupled with technological advancements has led manufacturers towards producing larger volumes of products thereby augmenting overall industry growth during recent past timespan which may be attributed towards overall insulated oil market development during future timeframes as well.
Regional Analysis:
Asia Pacific was the largest market for insulating oils and accounted for over 45% of global volume in 2017. The region is expected to continue its dominance over the forecast period owing to high demand from residential, industrial, and commercial sectors in countries such as China, India, Japan. In addition, rapid growth of end-use industries including transportation and energy is anticipated to drive product demand further.
The Asia Pacific market was followed by Europe which accounted for a share of more than 25% in terms of revenue in 2017 on account of rising product adoption particularly across major economies such as Germany and Russia. In addition growing manufacturing sector supported by government policies aimed at promoting domestic production output along with low labor costs are expected to be key factors driving the silicone-based insulating oil industry over the next eight years.
Growth Factors:
- Increasing demand for insulating oil from the electrical and electronics industry as a result of the growth in these industries.
- The increasing use of insulating oil in transformers, capacitors, and other electrical equipment due to its superior properties such as dielectric strength, thermal stability, and low volatility.
- The growing popularity of using synthetic insulating oils over mineral-based oils owing to their better performance characteristics.
- Rising concerns about environmental safety and regulations encouraging the use of environmentally friendly insulation fluids such as vegetable oils instead of traditional mineral-based oils .
Scope Of The Report
Report Attributes
Report Details
Report Title
Insulating Oil Market Research Report
By Type
Mineral Oil-based Insulating Oil, Silicone-based Insulating Oil, Synthetic Oil-based Insulating Oil, Others
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Insulating Oil Market Report Segments:
The global Insulating Oil market is segmented on the basis of:
Types
Mineral Oil-based Insulating Oil, Silicone-based Insulating Oil, Synthetic Oil-based Insulating Oil, Others
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 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:
- Mineral Oil-based Insulating Oil
- Silicone-based Insulating Oil
- Synthetic Oil-based Insulating Oil
- Others
- 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 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?
Insulating oil is a type of oil that is used to help keep objects warm. It can be used in place of other types of oils when it comes to heating up objects.
Some of the major players in the 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 insulating oil market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Insulating Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Insulating Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Insulating Oil Market - Supply Chain
4.5. Global Insulating Oil Market Forecast
4.5.1. Insulating Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Insulating Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Insulating Oil Market Absolute $ Opportunity
5. Global Insulating Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Insulating Oil Market Size and Volume Forecast by Type
5.3.1. Mineral Oil-based Insulating Oil
5.3.2. Silicone-based Insulating Oil
5.3.3. Synthetic Oil-based Insulating Oil
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Insulating Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Insulating Oil Market Size and Volume Forecast by Application
6.3.1. Ordinary Transformer
6.3.2. EHV Transformer
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Insulating Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Insulating Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Insulating Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Insulating Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Insulating Oil Demand Share Forecast, 2019-2026
9. North America Insulating Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Insulating Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Insulating Oil Market Size and Volume Forecast by Application
9.4.1. Ordinary Transformer
9.4.2. EHV Transformer
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Insulating Oil Market Size and Volume Forecast by Type
9.7.1. Mineral Oil-based Insulating Oil
9.7.2. Silicone-based Insulating Oil
9.7.3. Synthetic Oil-based Insulating Oil
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Insulating Oil Demand Share Forecast, 2019-2026
10. Latin America Insulating Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Insulating Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Insulating Oil Market Size and Volume Forecast by Application
10.4.1. Ordinary Transformer
10.4.2. EHV Transformer
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Insulating Oil Market Size and Volume Forecast by Type
10.7.1. Mineral Oil-based Insulating Oil
10.7.2. Silicone-based Insulating Oil
10.7.3. Synthetic Oil-based Insulating Oil
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Insulating Oil Demand Share Forecast, 2019-2026
11. Europe Insulating Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Insulating Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Insulating Oil Market Size and Volume Forecast by Application
11.4.1. Ordinary Transformer
11.4.2. EHV Transformer
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Insulating Oil Market Size and Volume Forecast by Type
11.7.1. Mineral Oil-based Insulating Oil
11.7.2. Silicone-based Insulating Oil
11.7.3. Synthetic Oil-based Insulating Oil
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Insulating Oil Demand Share, 2019-2026
12. Asia Pacific Insulating Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Insulating Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Insulating Oil Market Size and Volume Forecast by Application
12.4.1. Ordinary Transformer
12.4.2. EHV Transformer
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Insulating Oil Market Size and Volume Forecast by Type
12.7.1. Mineral Oil-based Insulating Oil
12.7.2. Silicone-based Insulating Oil
12.7.3. Synthetic Oil-based Insulating Oil
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Insulating Oil Demand Share, 2019-2026
13. Middle East & Africa Insulating Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Insulating Oil Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Insulating Oil Market Size and Volume Forecast by Application
13.4.1. Ordinary Transformer
13.4.2. EHV Transformer
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Insulating Oil Market Size and Volume Forecast by Type
13.7.1. Mineral Oil-based Insulating Oil
13.7.2. Silicone-based Insulating Oil
13.7.3. Synthetic Oil-based Insulating Oil
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Insulating Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Insulating Oil Market: Market Share Analysis
14.2. Insulating Oil Distributors and Customers
14.3. Insulating Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nynas
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Petrochina
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ergon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Apar Industry
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. CNOOC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shell
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sinopec
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Savita Oil
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Calumet
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Engen Petroleum
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Valvoline
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jiangsu Gaoke
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Raj Petro Specialties
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Jiangsu Shuangjiang
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hydrodec
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Cargill
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Dow Corning
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
