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Chemical & Material Global Insulating Oil Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4652105
    • |
  • 05 December, 2025
    • |
  • Global
    • |
  • 139 Pages
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  • GIR
    • |
  • Chemical & Material

According to our (Global Info Research) latest study, the global Insulating Oil market size was valued at US$ 2985 million in 2024 and is forecast to a readjusted size of USD 3550 million by 2031 with a CAGR of 2.5% during review period.
Insulating oil in an electrical power transformer is commonly known as transformer oil. It is normally obtained by fractional distillation and subsequent treatment of crude petroleum. That is why this oil is also known as mineral insulating oil. Transformer oil serves mainly two purposes one it is liquid insulation in electrical power transformer and two it dissipates heat of the transformer oil. acts as coolant. In addition to these, this oil serves other two purposes, it helps to preserve the core and winding as these are fully immersed inside oil and another important purpose of this oil is, it prevents direct contact of atmospheric oxygen with cellulose made paper insulation of windings, which is susceptible to oxidation.
Global Insulating Oil main players are Nynas, Petrochina, Apar Industry, Ergon, etc. Global top four manufacturers hold a share over 45%. China is the largest market, with a share nearly 30%.
This report is a detailed and comprehensive analysis for global Insulating Oil market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Insulating Oil market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Insulating Oil market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Insulating Oil market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Insulating Oil market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Insulating Oil
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Insulating Oil market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Nynas, Petrochina, Ergon, Apar Industry, CNOOC, Shell, Sinopec, Savita Oil, Calumet, Engen Petroleum, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Insulating Oil market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Mineral Oil-based Insulating Oil
Silicone-based Insulating Oil
Synthetic Oil-based Insulating Oil
Market segment by Application
Ordinary Transformer
EHV Transformer
Major players covered
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
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Insulating Oil product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Insulating Oil, with price, sales quantity, revenue, and global market share of Insulating Oil from 2020 to 2025.
Chapter 3, the Insulating Oil competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Insulating Oil breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Insulating Oil market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Insulating Oil.
Chapter 14 and 15, to describe Insulating Oil sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Insulating Oil Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Mineral Oil-based Insulating Oil
    • 1.3.3 Silicone-based Insulating Oil
    • 1.3.4 Synthetic Oil-based Insulating Oil
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Insulating Oil Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Ordinary Transformer
    • 1.4.3 EHV Transformer
  • 1.5 Global Insulating Oil Market Size & Forecast
    • 1.5.1 Global Insulating Oil Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Insulating Oil Sales Quantity (2020-2031)
    • 1.5.3 Global Insulating Oil Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Nynas
    • 2.1.1 Nynas Details
    • 2.1.2 Nynas Major Business
    • 2.1.3 Nynas Insulating Oil Product and Services
    • 2.1.4 Nynas Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Nynas Recent Developments/Updates
  • 2.2 Petrochina
    • 2.2.1 Petrochina Details
    • 2.2.2 Petrochina Major Business
    • 2.2.3 Petrochina Insulating Oil Product and Services
    • 2.2.4 Petrochina Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Petrochina Recent Developments/Updates
  • 2.3 Ergon
    • 2.3.1 Ergon Details
    • 2.3.2 Ergon Major Business
    • 2.3.3 Ergon Insulating Oil Product and Services
    • 2.3.4 Ergon Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Ergon Recent Developments/Updates
  • 2.4 Apar Industry
    • 2.4.1 Apar Industry Details
    • 2.4.2 Apar Industry Major Business
    • 2.4.3 Apar Industry Insulating Oil Product and Services
    • 2.4.4 Apar Industry Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Apar Industry Recent Developments/Updates
  • 2.5 CNOOC
    • 2.5.1 CNOOC Details
    • 2.5.2 CNOOC Major Business
    • 2.5.3 CNOOC Insulating Oil Product and Services
    • 2.5.4 CNOOC Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 CNOOC Recent Developments/Updates
  • 2.6 Shell
    • 2.6.1 Shell Details
    • 2.6.2 Shell Major Business
    • 2.6.3 Shell Insulating Oil Product and Services
    • 2.6.4 Shell Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Shell Recent Developments/Updates
  • 2.7 Sinopec
    • 2.7.1 Sinopec Details
    • 2.7.2 Sinopec Major Business
    • 2.7.3 Sinopec Insulating Oil Product and Services
    • 2.7.4 Sinopec Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Sinopec Recent Developments/Updates
  • 2.8 Savita Oil
    • 2.8.1 Savita Oil Details
    • 2.8.2 Savita Oil Major Business
    • 2.8.3 Savita Oil Insulating Oil Product and Services
    • 2.8.4 Savita Oil Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Savita Oil Recent Developments/Updates
  • 2.9 Calumet
    • 2.9.1 Calumet Details
    • 2.9.2 Calumet Major Business
    • 2.9.3 Calumet Insulating Oil Product and Services
    • 2.9.4 Calumet Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Calumet Recent Developments/Updates
  • 2.10 Engen Petroleum
    • 2.10.1 Engen Petroleum Details
    • 2.10.2 Engen Petroleum Major Business
    • 2.10.3 Engen Petroleum Insulating Oil Product and Services
    • 2.10.4 Engen Petroleum Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Engen Petroleum Recent Developments/Updates
  • 2.11 Valvoline
    • 2.11.1 Valvoline Details
    • 2.11.2 Valvoline Major Business
    • 2.11.3 Valvoline Insulating Oil Product and Services
    • 2.11.4 Valvoline Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Valvoline Recent Developments/Updates
  • 2.12 Jiangsu Gaoke
    • 2.12.1 Jiangsu Gaoke Details
    • 2.12.2 Jiangsu Gaoke Major Business
    • 2.12.3 Jiangsu Gaoke Insulating Oil Product and Services
    • 2.12.4 Jiangsu Gaoke Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Jiangsu Gaoke Recent Developments/Updates
  • 2.13 Raj Petro Specialties
    • 2.13.1 Raj Petro Specialties Details
    • 2.13.2 Raj Petro Specialties Major Business
    • 2.13.3 Raj Petro Specialties Insulating Oil Product and Services
    • 2.13.4 Raj Petro Specialties Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Raj Petro Specialties Recent Developments/Updates
  • 2.14 Jiangsu Shuangjiang
    • 2.14.1 Jiangsu Shuangjiang Details
    • 2.14.2 Jiangsu Shuangjiang Major Business
    • 2.14.3 Jiangsu Shuangjiang Insulating Oil Product and Services
    • 2.14.4 Jiangsu Shuangjiang Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Jiangsu Shuangjiang Recent Developments/Updates
  • 2.15 Hydrodec
    • 2.15.1 Hydrodec Details
    • 2.15.2 Hydrodec Major Business
    • 2.15.3 Hydrodec Insulating Oil Product and Services
    • 2.15.4 Hydrodec Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 Hydrodec Recent Developments/Updates
  • 2.16 Cargill
    • 2.16.1 Cargill Details
    • 2.16.2 Cargill Major Business
    • 2.16.3 Cargill Insulating Oil Product and Services
    • 2.16.4 Cargill Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.16.5 Cargill Recent Developments/Updates
  • 2.17 Dow Corning
    • 2.17.1 Dow Corning Details
    • 2.17.2 Dow Corning Major Business
    • 2.17.3 Dow Corning Insulating Oil Product and Services
    • 2.17.4 Dow Corning Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.17.5 Dow Corning Recent Developments/Updates

3 Competitive Environment: Insulating Oil by Manufacturer

  • 3.1 Global Insulating Oil Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Insulating Oil Revenue by Manufacturer (2020-2025)
  • 3.3 Global Insulating Oil Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Insulating Oil by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Insulating Oil Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Insulating Oil Manufacturer Market Share in 2024
  • 3.5 Insulating Oil Market: Overall Company Footprint Analysis
    • 3.5.1 Insulating Oil Market: Region Footprint
    • 3.5.2 Insulating Oil Market: Company Product Type Footprint
    • 3.5.3 Insulating Oil Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Insulating Oil Market Size by Region
    • 4.1.1 Global Insulating Oil Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Insulating Oil Consumption Value by Region (2020-2031)
    • 4.1.3 Global Insulating Oil Average Price by Region (2020-2031)
  • 4.2 North America Insulating Oil Consumption Value (2020-2031)
  • 4.3 Europe Insulating Oil Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Insulating Oil Consumption Value (2020-2031)
  • 4.5 South America Insulating Oil Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Insulating Oil Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Insulating Oil Sales Quantity by Type (2020-2031)
  • 5.2 Global Insulating Oil Consumption Value by Type (2020-2031)
  • 5.3 Global Insulating Oil Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Insulating Oil Sales Quantity by Application (2020-2031)
  • 6.2 Global Insulating Oil Consumption Value by Application (2020-2031)
  • 6.3 Global Insulating Oil Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Insulating Oil Sales Quantity by Type (2020-2031)
  • 7.2 North America Insulating Oil Sales Quantity by Application (2020-2031)
  • 7.3 North America Insulating Oil Market Size by Country
    • 7.3.1 North America Insulating Oil Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Insulating Oil Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Insulating Oil Sales Quantity by Type (2020-2031)
  • 8.2 Europe Insulating Oil Sales Quantity by Application (2020-2031)
  • 8.3 Europe Insulating Oil Market Size by Country
    • 8.3.1 Europe Insulating Oil Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Insulating Oil Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Insulating Oil Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Insulating Oil Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Insulating Oil Market Size by Region
    • 9.3.1 Asia-Pacific Insulating Oil Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Insulating Oil Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Insulating Oil Sales Quantity by Type (2020-2031)
  • 10.2 South America Insulating Oil Sales Quantity by Application (2020-2031)
  • 10.3 South America Insulating Oil Market Size by Country
    • 10.3.1 South America Insulating Oil Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Insulating Oil Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Insulating Oil Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Insulating Oil Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Insulating Oil Market Size by Country
    • 11.3.1 Middle East & Africa Insulating Oil Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Insulating Oil Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Insulating Oil Market Drivers
  • 12.2 Insulating Oil Market Restraints
  • 12.3 Insulating Oil Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Insulating Oil and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Insulating Oil
  • 13.3 Insulating Oil Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Insulating Oil Typical Distributors
  • 14.3 Insulating Oil Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Insulating Oil. Industry analysis & Market Report on Insulating Oil is a syndicated market report, published as Global Insulating Oil Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Insulating Oil market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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