Summary

The global transformer oil market is projected to reach USD 3.3 billion by 2030 from an estimated market size of USD 1.9 billion in 2021, at a CAGR of 6.5% during the forecast period. The factors driving the growth for transformer oil are the expansion of electric grids in developing countries along with the modernization of electric grids in the developed economies due to growing industrialization and urbanization. “Mineral oil segment dominates the global market”The mineral oil segment is expected to have the largest market share and is projected to grow at the highest rate during the forecast period. Mineral oil is further segmented into naphthenic and paraffinic oil, and a majority of the existing and new transformers manufactured use mineral oil as the insulation fluid. The demand for mineral oil is expected to grow during the forecast period because of its low cost index and easy availability compared to other transformer oils.“Transmission & Distribution segment to lead the global transformer oil market “The transmission & distribution segment is projected to be the most significant transformer oil market, by end-user, during the forecast period. It has the largest share of the transformer oil market owing to the global growth in the production and consumption of electricity. Transmission & distribution utilities own and operate the transmission & distribution system. Thus, growing demand for power will necessitate the expansion of the transmission & distribution network, thereby enhancing the demand for electrical components, such as transformers, reactors, and switchgears, leading to an increase in the demand for transformer oil.“APAC dominates the global transformer oil market in terms of annual growth rate” APAC was the largest market, for transformer oil market in 2020, driven mainly by activities in China, India, Japan, South Korea and Australia. The region is also projected to have the highest CAGR during the forecast period. The rapid increase in the demand for electricity and an increase in the power generation capacity in developing countries such as India and China, along with the growth in industrial and commercial sectors, will lead to an increase in the number of substations. Growth in the number of substations will propel the demand for transformers, which will enhance the demand for transformer oil in APAC.Breakdown of Primaries:In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: By Company Type: Tier I–55%, Tier II–25%, and Tier III–20%By Designation: C-Level–35%, Director Level–30%, and Others–35%By Region: Europe- 35%, North America- 25%, Asia-Pacific 25%, RoW-15% Note: Others includes sales managers, marketing managers, product managers, and product engineers. The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3:

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Table of Contents

1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 DEFINITION AND SCOPE 30
1.2.1 TRANSFORMER OIL MARKET, BY END USER: INCLUSIONS & EXCLUSIONS 31
1.2.2 TRANSFORMER OIL MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS 31
1.3 MARKET SCOPE 32
1.3.1 MARKETS COVERED 32
1.3.2 REGIONAL SCOPE 32
1.3.3 YEARS CONSIDERED 33
1.4 CURRENCY 33
1.5 LIMITATION 33
1.6 STAKEHOLDERS 34
1.7 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 1 TRANSFORMER OIL MARKET: RESEARCH DESIGN 36
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 37
FIGURE 2 DATA TRIANGULATION METHODOLOGY 37
2.2.1 SECONDARY DATA 38
2.2.1.1 Key data from secondary sources 38
2.2.2 PRIMARY DATA 39
2.2.2.1 Key industry insights 39
2.2.2.2 Breakdown of primaries 39
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION
& REGION 40
2.3 MARKET SIZE ESTIMATION 40
2.3.1 BOTTOM-UP APPROACH 41
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 41
2.3.2 TOP-DOWN APPROACH 42
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 42
2.4 DEMAND-SIDE METRICS 43
FIGURE 6 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR TRANSFORMER OIL 43
2.4.1 CALCULATION FOR DEMAND-SIDE METRICS 43
2.4.2 RESEARCH ASSUMPTIONS FOR DEMAND-SIDE METRICS 43

2.5 SUPPLY-SIDE ANALYSIS 44
FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING THE SUPPLY OF
TRANSFORMER OIL 44
FIGURE 8 TRANSFORMER OIL MARKET: SUPPLY-SIDE ANALYSIS, 2020 45
2.5.1 CALCULATIONS FOR SUPPLY-SIDE 45
2.5.2 ASSUMPTIONS FOR SUPPLY-SIDE 45
2.6 FORECAST 45
3 EXECUTIVE SUMMARY 46
TABLE 1 TRANSFORMER OIL MARKET SNAPSHOT 46
FIGURE 9 MINERAL OIL SEGMENT IS EXPECTED TO DOMINATE TRANSFORMER
OIL MARKET, BY OIL TYPE, DURING FORECAST PERIOD 47
FIGURE 10 TRANSFORMER SEGMENT IS EXPECTED TO DOMINATE TRANSFORMER
OIL MARKET, BY APPLICATION, DURING FORECAST PERIOD 48
FIGURE 11 T&D IS EXPECTED TO BE THE LARGEST END USER SEGMENT
OF TRANSFORMER OIL MARKET, DURING FORECAST PERIOD 48
FIGURE 12 ASIA PACIFIC DOMINATED TRANSFORMER OIL MARKET IN 2020 49
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES IN TRANSFORMER OIL MARKET 50
FIGURE 13 GROWING DEMAND FOR BIO-BASED TRANSFORMER OIL DUE TO ENVIRONMENTAL CONCERNS AND INCREASING INVESTMENTS IN HVDC TRANSMISSION SYSTEMS ARE EXPECTED TO DRIVE THE TRANSFORMER
OIL MARKET, 2021–2030 50
4.2 TRANSFORMER OIL MARKET (VALUE), BY REGION 51
FIGURE 14 TRANSFORMER OIL MARKET TO REGISTER THE HIGHEST GROWTH IN
ASIA PACIFIC DURING THE FORECAST PERIOD 51
4.3 TRANSFORMER OIL MARKET, BY OIL TYPE 51
FIGURE 15 MINERAL OIL SEGMENT DOMINATED TRANSFORMER OIL MARKET,
BY OIL TYPE, IN 2020 51
4.4 TRANSFORMER OIL MARKET, BY APPLICATION 52
FIGURE 16 TRANSFORMER SEGMENT DOMINATED TRANSFORMER OIL MARKET,
BY APPLICATION, IN 2020 52
4.5 TRANSFORMER OIL MARKET, BY END USER 52
FIGURE 17 T&D SEGMENT DOMINATED TRANSFORMER OIL MARKET, BY END USER,
IN 2020 52
4.6 TRANSFORMER OIL MARKET IN ASIA PACIFIC, BY OIL TYPE & COUNTRY 53
FIGURE 18 MINERAL OIL & CHINA DOMINATED THE ASIA PACIFIC TRANSFORMER OIL MARKET, BY OIL TYPE & COUNTRY, IN 2020 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 COVID-19 HEALTH ASSESSMENT 54
FIGURE 19 COVID-19 GLOBAL PROPAGATION 55
FIGURE 20 COVID-19 PROPAGATION IN SELECT COUNTRIES 55

5.3 ROAD TO RECOVERY 56
FIGURE 21 COVID-19 PROPAGATION IN SELECT COUNTRIES 56
5.4 COVID-19 ECONOMIC ASSESSMENT 57
FIGURE 22 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 57
5.5 MARKET DYNAMICS 58
FIGURE 23 TRANSFORMER OIL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 58
5.5.1 DRIVERS 58
5.5.1.1 Expansion of electric grid in APAC region 58
FIGURE 24 GLOBAL T&D INVESTMENT PROJECTION, 2020–2040, (USD BILLION) 59
5.5.1.2 Modernization of electric grids and adoption of smart grids in developed economies 59
5.5.2 RESTRAINTS 60
5.5.2.1 Environmental concerns associated with the usage of mineral-based transformer oil 60
5.5.2.2 Increasing demand for dry-type transformers 60
5.5.2.3 Increased intervention from the unorganized sector 60
5.5.3 OPPORTUNITIES 61
5.5.3.1 Growing demand for bio-based transformer oil due to environmental concerns 61
5.5.3.2 Expansion in cross-border electricity trade 61
5.5.3.3 Increased investment in HVDC transmission systems 61
5.5.4 CHALLENGES 62
5.5.4.1 Fluctuations in crude oil prices 62
FIGURE 25 WEST TEXAS INTERMEDIATE (WTI) CRUDE OIL PRICES, JANUARY 2018–
JULY 2021 62
5.6 COVID-19 IMPACT 62
5.7 IMPACT OF DEVELOPMENTS IN RENEWABLE ENERGY GROWTH AND CLEAN ENERGY TRANSITION 63
5.8 IMPACT OF EV ADOPTION AND EV INFRASTRUCTURE 63
FIGURE 26 GLOBAL EV SALES VOLUME, 2019–2020 64
5.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 64
5.9.1 REVENUE SHIFT AND NEW REVENUE POCKETS IN TRANSFORMER OIL MARKET 64
FIGURE 27 REVENUE SHIFT OF TRANSFORMER OIL PROVIDERS 65
5.10 AVERAGE PRICING ANALYSIS 65
TABLE 2 TRANSFORMER OIL MARKET: PRICING ANALYSIS 65
5.11 VALUE CHAIN ANALYSIS 66
FIGURE 28 TRANSFORMER OIL MARKET: VALUE CHAIN ANALYSIS 66
TABLE 3 TRANSFORMER OIL MARKET: VALUE CHAIN 66
5.11.1 RAW MATERIAL SUPPLIERS 67
5.11.2 TRANSFORMER OIL MANUFACTURERS 67

5.11.3 EQUIPMENT MANUFACTURERS (OEM AND ODM) 67
5.11.4 DISTRIBUTORS 68
5.11.5 END USERS 68
5.12 MARKET MAP 68
FIGURE 29 TRANSFORMER OIL: MARKET MAP 68
5.13 TECHNOLOGY ANALYSIS 69
5.14 TRANSFORMER OIL MARKET: REGULATIONS 70
5.15 PORTER’S FIVE FORCES ANALYSIS 71
FIGURE 30 TRANSFORMER OIL MARKET: PORTER’S FIVE FORCES ANALYSIS 71
TABLE 4 TRANSFORMER OIL MARKET: PORTER’S FIVE FORCES ANALYSIS 71
5.15.1 THREAT OF NEW ENTRANTS 72
5.15.2 BARGAINING POWER OF SUPPLIERS 72
5.15.3 BARGAINING POWER OF BUYERS 72
5.15.4 THREAT OF SUBSTITUTES 73
5.15.5 DEGREE OF COMPETITION 73
5.16 CASE STUDY ANALYSIS 73
5.16.1 TATA POWER’S IMPACTFUL DECISION TO ADDRESS MUMBAI’S POPULATION AND SAFETY CONSTRAINTS TO THE INSTALLATION OF NEW T&D UTILITIES 73
6 TRANSFORMER OIL MARKET, BY OIL TYPE 74
6.1 INTRODUCTION 75
FIGURE 31 TRANSFORMER OIL MARKET, BY OIL TYPE, 2020 75
TABLE 5 TRANSFORMER OIL MARKET, BY OIL TYPE, 2018–2030 (USD MILLION) 75
TABLE 6 TRANSFORMER OIL MARKET, BY OIL TYPE, 2018–2030 (MILLION LITERS) 76
6.2 MINERAL OIL 76
6.2.1 LOW PRICE INDEX & EASY AVAILABILITY TO INCREASE DEMAND FOR MINERAL OIL-BASED TRANSFORMER OIL 76
TABLE 7 TRANSFORMER OIL MARKET FOR MINERAL OIL, BY SUB OIL TYPE,
2018–2030 (USD MILLION) 76
TABLE 8 TRANSFORMER OIL MARKET FOR MINERAL OIL, BY SUB OIL TYPE,
2018–2030 (MILLION LITERS) 77
TABLE 9 TRANSFORMER OIL MARKET FOR MINERAL OIL, BY INHIBITION TYPE,
2018–2030 (USD MILLION) 77
TABLE 10 TRANSFORMER OIL MARKET FOR MINERAL OIL, BY INHIBITION TYPE,
2018–2030 (MILLION LITERS) 77
TABLE 11 TRANSFORMER OIL MARKET FOR MINERAL OIL, BY REGION,
2018–2030 (USD MILLION) 77
6.2.2 NAPHTHENIC OIL 78
TABLE 12 TRANSFORMER OIL MARKET FOR NAPHTHENIC MINERAL OIL, BY REGION, 2018–2030 (USD MILLION) 78
6.2.2.1 Inhibition Type (Naphthenic Mineral Oil) 78
TABLE 13 TRANSFORMER OIL MARKET FOR NAPHTHENIC MINERAL OIL, BY INHIBITION TYPE, 2018–2030 (USD MILLION) 79
TABLE 14 TRANSFORMER OIL MARKET FOR NAPHTHENIC MINERAL OIL, BY INHIBITION TYPE, 2018–2030 (MILLION LITERS) 79
6.2.2.1.1 Inhibited Naphthenic Mineral Oil 79
TABLE 15 TRANSFORMER OIL MARKET FOR INHIBITED NAPHTHENIC MINERAL OIL,
BY REGION, 2018–2030 (USD MILLION) 80
6.2.2.1.2 Uninhibited Naphthenic Mineral Oil 80
TABLE 16 TRANSFORMER OIL MARKET FOR UNINHIBITED NAPHTHENIC MINERAL
OIL, BY REGION, 2018–2030 (USD MILLION) 80
6.2.3 PARAFFINIC OIL 81
TABLE 17 TRANSFORMER OIL MARKET FOR PARAFFINIC MINERAL OIL, BY REGION, 2018–2030 (USD MILLION) 81
6.2.3.1 Inhibition Type (Paraffinic Mineral Oil) 81
TABLE 18 TRANSFORMER OIL MARKET FOR PARAFFINIC MINERAL OIL, BY INHIBITION TYPE, 2018–2030 (USD MILLION) 81
TABLE 19 TRANSFORMER OIL MARKET FOR PARAFFINIC MINERAL OIL, BY INHIBITION TYPE, 2018–2030 (MILLION LITERS) 82
6.2.3.1.1 Inhibited Paraffinic Mineral Oil 82
TABLE 20 TRANSFORMER OIL MARKET FOR INHIBITED PARAFFINIC MINERAL OIL,
BY REGION, 2018–2030 (USD MILLION) 82
6.2.3.1.2 Uninhibited Paraffinic Mineral Oil 82
TABLE 21 TRANSFORMER OIL MARKET FOR UNINHIBITED PARAFFINIC MINERAL OIL,
BY REGION, 2018–2030 (USD MILLION) 83
6.3 BIO-BASED OIL 83
6.3.1 RISING ENVIRONMENTAL CONCERNS TO DRIVE MARKET FOR BIO-BASED OIL 83
TABLE 22 TRANSFORMER OIL MARKET FOR BIO-BASED OIL, BY REGION,
2018–2030 (USD MILLION) 83
6.4 SILICONE OIL 84
6.4.1 HIGH HEAT RESISTANCE IS EXPECTED TO DRIVE DEMAND FOR SILICONE-BASED TRANSFORMER OIL 84
TABLE 23 TRANSFORMER OIL MARKET FOR SILICONE OIL, BY REGION,
2018–2030 (USD MILLION) 84
7 TRANSFORMER OIL MARKET, BY APPLICATION 85
7.1 INTRODUCTION 86
FIGURE 32 TRANSFORMER OIL MARKET, BY APPLICATION, 2020 86
TABLE 24 TRANSFORMER OIL MARKET, BY APPLICATION, 2018–2030 (USD MILLION) 86
TABLE 25 TRANSFORMER OIL MARKET, BY APPLICATION, 2018–2030 (MILLION LITERS) 87
7.2 TRANSFORMER 87
7.2.1 INCREASING INVESTMENTS IN T&D SECTOR TO BOOST THE TRANSFORMER SEGMENT DURING FORECAST PERIOD 87
TABLE 26 TRANSFORMER OIL MARKET FOR TRANSFORMER, BY SUB-APPLICATION, 2018–2030 (USD MILLION) 87
TABLE 27 TRANSFORMER OIL MARKET FOR TRANSFORMER, BY SUB-APPLICATION, 2018–2030 (MILLION LITERS) 88
TABLE 28 TRANSFORMER OIL MARKET FOR TRANSFORMER, BY REGION,
2018–2030 (USD MILLION) 88

7.2.2 POWER TRANSFORMER 88
TABLE 29 TRANSFORMER OIL MARKET FOR POWER TRANSFORMER, BY REGION, 2018–2030 (USD MILLION) 89
7.2.3 DISTRIBUTION TRANSFORMER 89
TABLE 30 TRANSFORMER OIL MARKET FOR DISTRIBUTION TRANSFORMER, BY REGION, 2018–2030 (USD MILLION) 89
7.3 REACTOR 90
7.3.1 LONG-TERM INDUSTRIAL GROWTH AND INCREASED DEMAND FOR ENERGY TO BOOST GROWTH OF THE REACTOR SEGMENT 90
TABLE 31 TRANSFORMER OIL MARKET FOR REACTOR, BY REGION,
2018–2030 (USD MILLION) 90
7.4 SWITCHGEAR 91
7.4.1 RENEWABLE POWER TRANSMISSION AND MEDIUM-VOLTAGE SUB-STATIONS TO DIRECTLY PROPEL DEMAND FOR SWITCHGEAR SEGMENT 91
TABLE 32 TRANSFORMER OIL MARKET FOR SWITCHGEAR, BY REGION,
2018–2030 (USD MILLION) 91
8 TRANSFORMER OIL MARKET, BY END USER 92
8.1 INTRODUCTION 93
FIGURE 33 TRANSFORMER OIL MARKET, BY END USER, 2020 (VALUE) 93
TABLE 33 TRANSFORMER OIL MARKET, BY END USER, 2018–2030 (USD MILLION) 93
TABLE 34 TRANSFORMER OIL MARKET, BY END USER, 2018–2030 (MILLION LITERS) 94
8.2 TRANSMISSION AND DISTRIBUTION 94
8.2.1 UPGRADING OF AGING T&D INFRASTRUCTURE TO FUEL TRANSFORMER
OIL MARKET GROWTH 94
TABLE 35 TRANSFORMER OIL MARKET FOR TRANSMISSION AND DISTRIBUTION,
BY REGION, 2018–2030 (USD MILLION) 95
8.3 RAILWAYS & METROS 95
8.3.1 GROWING INVESTMENTS IN RAILWAYS & METROS LIKELY TO PROPEL DEMAND FOR TRANSFORMER OIL 95
TABLE 36 TRANSFORMER OIL MARKET FOR RAILWAYS & METROS, BY REGION,
2018–2030 (USD MILLION) 96
8.4 POWER GENERATION 96
8.4.1 RISE IN POWER GENERATION CAPACITY EXPECTED TO DRIVE THE MARKET FOR TRANSFORMER OIL 96
TABLE 37 TRANSFORMER OIL MARKET FOR POWER GENERATION, BY REGION,
2018–2030 (USD MILLION) 97
8.5 OTHERS 97
TABLE 38 TRANSFORMER OIL MARKET FOR OTHERS, BY REGION,
2018–2030 (USD MILLION) 97
9 TRANSFORMER OIL MARKET, BY REGION 98
9.1 INTRODUCTION 99
FIGURE 34 REGIONAL SNAPSHOT: MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 99
FIGURE 35 TRANSFORMER OIL MARKET SHARE (VALUE), BY REGION, 2020 99
TABLE 39 TRANSFORMER OIL MARKET, BY REGION, 2018–2030 (USD MILLION) 100
TABLE 40 TRANSFORMER OIL MARKET, BY REGION, 2018–2030 (MILLION LITERS) 100
9.2 ASIA PACIFIC 100
FIGURE 36 ASIA PACIFIC: REGIONAL SNAPSHOT 101
9.2.1 BY OIL TYPE 101
TABLE 41 TRANSFORMER OIL MARKET IN ASIA PACIFIC, BY OIL TYPE,
2018–2030 (USD MILLION) 101
9.2.1.1 Mineral Oil - By Sub Oil Type 102
TABLE 42 TRANSFORMER OIL MARKET IN ASIA PACIFIC, BY SUB
OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 102
9.2.1.2 Mineral Oil - By Inhibition Type 102
TABLE 43 TRANSFORMER OIL MARKET IN ASIA PACIFIC, BY INHIBITION TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 102
9.2.1.2.1 Naphthenic Mineral Oil - By Inhibition Type 102
TABLE 44 TRANSFORMER OIL MARKET IN ASIA PACIFIC, BY INHIBITION TYPE (NAPHTHENIC MINERAL OIL), 2018–2030 (USD MILLION) 102
9.2.1.2.2 Paraffinic Mineral Oil - By Inhibition Type 103
TABLE 45 TRANSFORMER OIL MARKET IN ASIA PACIFIC, BY INHIBITION TYPE (PARAFFINIC MINERAL OIL), 2018–2030 (USD MILLION) 103
9.2.2 BY APPLICATION 103
TABLE 46 TRANSFORMER OIL MARKET IN ASIA PACIFIC, BY APPLICATION,
2018–2030 (USD MILLION) 103
9.2.2.1 Transformer - By Sub-Application 103
TABLE 47 TRANSFORMER OIL MARKET IN ASIA PACIFIC, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 103
9.2.3 BY END USER 104
TABLE 48 TRANSFORMER OIL MARKET IN ASIA PACIFIC, BY END USER,
2018–2030 (USD MILLION) 104
9.2.4 BY COUNTRY 104
TABLE 49 TRANSFORMER OIL MARKET IN ASIA PACIFIC, BY COUNTRY,
2018–2030 (USD MILLION) 104
TABLE 50 TRANSFORMER OIL MARKET IN ASIA PACIFIC, BY COUNTRY,
2018–2030 (MILLION LITERS) 105
9.2.4.1 China 105
9.2.4.1.1 Long term industrial growth and increasing investments in T&D sector expected to drive China’s transformer oil market 105
TABLE 51 TRANSFORMER OIL MARKET IN CHINA, BY OIL TYPE,
2018–2030 (USD MILLION) 106
TABLE 52 TRANSFORMER OIL MARKET IN CHINA, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 106
TABLE 53 TRANSFORMER OIL MARKET IN CHINA, BY APPLICATION,
2018–2030 (USD MILLION) 106
TABLE 54 TRANSFORMER OIL MARKET IN CHINA, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 107
TABLE 55 TRANSFORMER OIL MARKET IN CHINA, BY END USER,
2018–2030 (USD MILLION) 107

9.2.4.2 India 107
9.2.4.2.1 Increased demand for electricity and increasing investments in power generation to drive India’s transformer oil market 107
TABLE 56 TRANSFORMER OIL MARKET IN INDIA, BY OIL TYPE,
2018–2030 (USD MILLION) 108
TABLE 57 TRANSFORMER OIL MARKET IN INDIA, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 108
TABLE 58 TRANSFORMER OIL MARKET IN INDIA, BY APPLICATION,
2018–2030 (USD MILLION) 108
TABLE 59 TRANSFORMER OIL MARKET IN INDIA, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 109
TABLE 60 TRANSFORMER OIL MARKET IN INDIA, BY END USER,
2018–2030 (USD MILLION) 109
9.2.4.3 Japan 109
9.2.4.3.1 Renovation of grid infrastructure to drive Japan’s market for transformer oil 109
TABLE 61 TRANSFORMER OIL MARKET IN JAPAN, BY OIL TYPE,
2018–2030 (USD MILLION) 110
TABLE 62 TRANSFORMER OIL MARKET IN JAPAN, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 110
TABLE 63 TRANSFORMER OIL MARKET IN JAPAN, BY APPLICATION,
2018–2030 (USD MILLION) 110
TABLE 64 TRANSFORMER OIL MARKET IN JAPAN, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 111
TABLE 65 TRANSFORMER OIL MARKET IN JAPAN, BY END USER,
2018–2030 (USD MILLION) 111
9.2.4.4 Australia 111
9.2.4.4.1 Rapid industrialization with rising construction & mining activities expected to boost Australia’s demand for transformer oil 111
TABLE 66 TRANSFORMER OIL MARKET IN AUSTRALIA, BY OIL TYPE,
2018–2030 (USD MILLION) 112
TABLE 67 TRANSFORMER OIL MARKET IN AUSTRALIA, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 112
TABLE 68 TRANSFORMER OIL MARKET IN AUSTRALIA, BY APPLICATION,
2018–2030 (USD MILLION) 112
TABLE 69 TRANSFORMER OIL MARKET IN AUSTRALIA, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 113
TABLE 70 TRANSFORMER OIL MARKET IN AUSTRALIA, BY END USER,
2018–2030 (USD MILLION) 113
9.2.4.5 South Korea 113
9.2.4.5.1 Government initiatives toward renewable power
generation expected to increase South Korea’s demand for transformer oil 113
TABLE 71 TRANSFORMER OIL MARKET IN SOUTH KOREA, BY OIL TYPE,
2018–2030 (USD MILLION) 114
TABLE 72 TRANSFORMER OIL MARKET IN SOUTH KOREA, BY SUB OIL TYPE
(MINERAL OIL), 2018–2030 (USD MILLION) 114
TABLE 73 TRANSFORMER OIL MARKET IN SOUTH KOREA, BY APPLICATION,
2018–2030 (USD MILLION) 114
TABLE 74 TRANSFORMER OIL MARKET IN SOUTH KOREA, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 115
TABLE 75 TRANSFORMER OIL MARKET IN SOUTH KOREA, BY END USER,
2018–2030 (USD MILLION) 115
9.2.4.6 Rest of Asia Pacific 115
TABLE 76 TRANSFORMER OIL MARKET IN REST OF ASIA PACIFIC, BY OIL TYPE,
2018–2030 (USD MILLION) 116
TABLE 77 TRANSFORMER OIL MARKET IN REST OF ASIA PACIFIC, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 116
TABLE 78 TRANSFORMER OIL MARKET IN REST OF ASIA PACIFIC, BY APPLICATION, 2018–2030 (USD MILLION) 116
TABLE 79 TRANSFORMER OIL MARKET IN REST OF ASIA PACIFIC, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 117
TABLE 80 TRANSFORMER OIL MARKET IN REST OF ASIA PACIFIC, BY END USER,
2018–2030 (USD MILLION) 117
9.3 NORTH AMERICA 117
FIGURE 37 NORTH AMERICA: REGIONAL SNAPSHOT 118
9.3.1 BY OIL TYPE 118
TABLE 81 TRANSFORMER OIL MARKET IN NORTH AMERICA, BY OIL TYPE,
2018–2030 (USD MILLION) 118
9.3.1.1 Mineral Oil - By Sub Oil Type 119
TABLE 82 TRANSFORMER OIL MARKET IN NORTH AMERICA, BY SUB OIL TYPE
(MINERAL OIL), 2018–2030 (USD MILLION) 119
9.3.1.2 Mineral Oil - By Inhibition Type 119
TABLE 83 TRANSFORMER OIL MARKET IN NORTH AMERICA, BY INHIBITION TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 119
9.3.1.2.1 Naphthenic Mineral Oil - By Inhibition Type 119
TABLE 84 TRANSFORMER OIL MARKET IN NORTH AMERICA, BY INHIBITION TYPE (NAPHTHENIC MINERAL OIL), 2018–2030 (USD MILLION) 119
9.3.1.2.2 Paraffinic Mineral Oil - By Inhibition Type 120
TABLE 85 TRANSFORMER OIL MARKET IN NORTH AMERICA, BY INHIBITION TYPE (PARAFFINIC MINERAL OIL), 2018–2030 (USD MILLION) 120
9.3.2 BY APPLICATION 120
TABLE 86 TRANSFORMER OIL MARKET IN NORTH AMERICA, BY APPLICATION,
2018–2030 (USD MILLION) 120
9.3.2.1 Transformer - By Sub-Application 120
TABLE 87 TRANSFORMER OIL MARKET IN NORTH AMERICA, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 120
9.3.3 BY END USER 121
TABLE 88 TRANSFORMER OIL MARKET IN NORTH AMERICA, BY END USER,
2018–2030 (USD MILLION) 121
9.3.4 BY COUNTRY 121
TABLE 89 TRANSFORMER OIL MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2030 (USD MILLION) 121
TABLE 90 TRANSFORMER OIL MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2030 (MILLION LITERS) 121
9.3.4.1 US 122
9.3.4.1.1 Upgrades to the existing power infrastructure expected to drive the US transformer oil market 122
TABLE 91 TRANSFORMER OIL MARKET IN US, BY OIL TYPE, 2018–2030 (USD MILLION) 122
TABLE 92 TRANSFORMER OIL MARKET IN US, BY SUB OIL TYPE (MINERAL OIL),
2018–2030 (USD MILLION) 122
TABLE 93 TRANSFORMER OIL MARKET IN US, BY APPLICATION,
2018–2030 (USD MILLION) 123
TABLE 94 TRANSFORMER OIL MARKET IN US, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 123
TABLE 95 TRANSFORMER OIL MARKET IN US, BY END USER,
2018–2030 (USD MILLION) 123
9.3.4.2 Canada 124
9.3.4.2.1 Growing demand for replacement of aging electricity infrastructure expected to drive the Canadian transformer oil market 124
TABLE 96 TRANSFORMER OIL MARKET IN CANADA, BY OIL TYPE,
2018–2030 (USD MILLION) 124
TABLE 97 TRANSFORMER OIL MARKET IN CANADA, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 124
TABLE 98 TRANSFORMER OIL MARKET IN CANADA, BY APPLICATION,
2018–2030 (USD MILLION) 125
TABLE 99 TRANSFORMER OIL MARKET IN CANADA, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 125
TABLE 100 TRANSFORMER OIL MARKET IN CANADA, BY END USER,
2018–2030 (USD MILLION) 125
9.3.4.3 Mexico 126
9.3.4.3.1 Growth of industrial sector and energy requirements are expected to boost the Mexican transformer oil market 126
TABLE 101 TRANSFORMER OIL MARKET IN MEXICO, BY OIL TYPE,
2018–2030 (USD MILLION) 126
TABLE 102 TRANSFORMER OIL MARKET IN MEXICO, BY SUB OIL TYPE
(MINERAL OIL), 2018–2030 (USD MILLION) 126
TABLE 103 TRANSFORMER OIL MARKET IN MEXICO, BY APPLICATION,
2018–2030 (USD MILLION) 127
TABLE 104 TRANSFORMER OIL MARKET IN MEXICO, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 127
TABLE 105 TRANSFORMER OIL MARKET IN MEXICO, BY END USER,
2018–2030 (USD MILLION) 127
9.4 EUROPE 128
9.4.1 BY OIL TYPE 128
TABLE 106 TRANSFORMER OIL MARKET IN EUROPE, BY OIL TYPE,
2018–2030 (USD MILLION) 128
9.4.1.1 Mineral Oil - By Sub Oil Type 128
TABLE 107 TRANSFORMER OIL MARKET IN EUROPE, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 128
9.4.1.2 Mineral Oil - By Inhibition Type 129
TABLE 108 TRANSFORMER OIL MARKET IN EUROPE, BY INHIBITION TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 129
9.4.1.2.1 Naphthenic Mineral Oil - By Inhibition Type 129
TABLE 109 TRANSFORMER OIL MARKET IN EUROPE, BY INHIBITION TYPE (NAPHTHENIC MINERAL OIL), 2018–2030 (USD MILLION) 129
9.4.1.2.2 Paraffinic Mineral Oil - By Inhibition Type 129
TABLE 110 TRANSFORMER OIL MARKET IN EUROPE, BY INHIBITION TYPE (PARAFFINIC MINERAL OIL), 2018–2030 (USD MILLION) 129
9.4.2 BY APPLICATION 130
TABLE 111 TRANSFORMER OIL MARKET IN EUROPE, BY APPLICATION,
2018–2030 (USD MILLION) 130
9.4.2.1 Transformer - By Sub-Application 130
TABLE 112 TRANSFORMER OIL MARKET IN EUROPE, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 130
9.4.3 BY END USER 130
TABLE 113 TRANSFORMER OIL MARKET IN EUROPE, BY END USER,
2018–2030 (USD MILLION) 130
9.4.4 BY COUNTRY 131
TABLE 114 TRANSFORMER OIL MARKET IN EUROPE, BY COUNTRY,
2018–2030 (USD MILLION) 131
TABLE 115 TRANSFORMER OIL MARKET IN EUROPE, BY COUNTRY,
2018–2030 (MILLION LITERS) 131
9.4.4.1 UK 132
9.4.4.1.1 Increasing investments in renewables and high industrialization expected to drive UK’s transformer oil market 132
TABLE 116 TRANSFORMER OIL MARKET IN UK, BY OIL TYPE, 2018–2030 (USD MILLION) 132
TABLE 117 TRANSFORMER OIL MARKET IN UK, BY SUB OIL TYPE (MINERAL OIL),
2018–2030 (USD MILLION) 132
TABLE 118 TRANSFORMER OIL MARKET IN UK, BY APPLICATION,
2018–2030 (USD MILLION) 133
TABLE 119 TRANSFORMER OIL MARKET IN UK, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 133
TABLE 120 TRANSFORMER OIL MARKET IN UK, BY END USER,
2018–2030 (USD MILLION) 133
9.4.4.2 Germany 134
9.4.4.2.1 Growth in renewable sector & construction sector is expected to boost Germany’s transformer oil market 134
TABLE 121 TRANSFORMER OIL MARKET IN GERMANY, BY OIL TYPE,
2018–2030 (USD MILLION) 134
TABLE 122 TRANSFORMER OIL MARKET IN GERMANY, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 134
TABLE 123 TRANSFORMER OIL MARKET IN GERMANY, BY APPLICATION,
2018–2030 (USD MILLION) 135
TABLE 124 TRANSFORMER OIL MARKET IN GERMANY, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 135
TABLE 125 TRANSFORMER OIL MARKET IN GERMANY, BY END USER,
2018–2030 (USD MILLION) 135
9.4.4.3 Russia 136
9.4.4.3.1 Investment in oil & gas sector and Government’s focus on renewable energy to boost Russia’s transformer oil
market growth 136
TABLE 126 TRANSFORMER OIL MARKET IN RUSSIA, BY OIL TYPE,
2018–2030 (USD MILLION) 136
TABLE 127 TRANSFORMER OIL MARKET IN RUSSIA, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 136
TABLE 128 TRANSFORMER OIL MARKET IN RUSSIA, BY APPLICATION,
2018–2030 (USD MILLION) 137
TABLE 129 TRANSFORMER OIL MARKET IN RUSSIA, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 137
TABLE 130 TRANSFORMER OIL MARKET IN RUSSIA, BY END USER,
2018–2030 (USD MILLION) 137
9.4.4.4 France 138
9.4.4.4.1 Increased demand for power generation systems owing to growth in adoption of renewable energy to fuel the growth of transformer oil market in France 138
TABLE 131 TRANSFORMER OIL MARKET IN FRANCE, BY OIL TYPE,
2018–2030 (USD MILLION) 138
TABLE 132 TRANSFORMER OIL MARKET IN FRANCE, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 138
TABLE 133 TRANSFORMER OIL MARKET IN FRANCE, BY APPLICATION,
2018–2030 (USD MILLION) 139
TABLE 134 TRANSFORMER OIL MARKET IN FRANCE, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 139
TABLE 135 TRANSFORMER OIL MARKET IN FRANCE, BY END USER,
2018–2030 (USD MILLION) 139
9.4.4.5 Rest of Europe 140
TABLE 136 TRANSFORMER OIL MARKET IN REST OF EUROPE, BY OIL TYPE,
2018–2030 (USD MILLION) 140
TABLE 137 TRANSFORMER OIL MARKET IN REST OF EUROPE, BY SUB OIL TYPE
(MINERAL OIL), 2018–2030 (USD MILLION) 140
TABLE 138 TRANSFORMER OIL MARKET IN REST OF EUROPE, BY APPLICATION,
2018–2030 (USD MILLION) 140
TABLE 139 TRANSFORMER OIL MARKET IN REST OF EUROPE, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 141
TABLE 140 TRANSFORMER OIL MARKET IN REST OF EUROPE, BY END USER,
2018–2030 (USD MILLION) 141
9.5 ROW 141
9.5.1 BY OIL TYPE 142
TABLE 141 TRANSFORMER OIL MARKET IN ROW, BY OIL TYPE, 2018–2030
(USD MILLION) 142
9.5.1.1 Mineral Oil - By Sub Oil Type 142
TABLE 142 TRANSFORMER OIL MARKET IN ROW, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 142

9.5.1.2 Mineral Oil - By Inhibition Type 142
TABLE 143 TRANSFORMER OIL MARKET IN ROW, BY INHIBITION TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 142
9.5.1.2.1 Naphthenic Mineral Oil - By Inhibition Type 143
TABLE 144 TRANSFORMER OIL MARKET IN ROW, BY INHIBITION TYPE (NAPHTHENIC MINERAL OIL), 2018–2030 (USD MILLION) 143
9.5.1.2.2 Paraffinic Mineral Oil - By Inhibition Type 143
TABLE 145 TRANSFORMER OIL MARKET IN ROW, BY INHIBITION TYPE (PARAFFINIC MINERAL OIL), 2018–2030 (USD MILLION) 143
9.5.2 BY APPLICATION 143
TABLE 146 TRANSFORMER OIL MARKET IN ROW, BY APPLICATION,
2018–2030 (USD MILLION) 143
9.5.2.1 Transformer - By Sub-Application 144
TABLE 147 TRANSFORMER OIL MARKET IN ROW, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 144
9.5.3 BY END USER 144
TABLE 148 TRANSFORMER OIL MARKET IN ROW, BY END USER,
2018–2030 (USD MILLION) 144
9.5.4 BY COUNTRY 144
TABLE 149 TRANSFORMER OIL MARKET IN ROW, BY COUNTRY,
2018–2030 (USD MILLION) 144
TABLE 150 TRANSFORMER OIL MARKET IN ROW, BY COUNTRY,
2018–2030 (MILLION LITERS) 145
9.5.4.1 Middle East 145
9.5.4.1.1 Growing investments in oil & gas industry and investments for infrastructural developments to increase demand for transformer oil in the Middle East 145
TABLE 151 TRANSFORMER OIL MARKET IN MIDDLE EAST, BY OIL TYPE,
2018–2030 (USD MILLION) 146
TABLE 152 TRANSFORMER OIL MARKET IN MIDDLE EAST, BY SUB OIL TYPE
(MINERAL OIL), 2018–2030 (USD MILLION) 146
TABLE 153 TRANSFORMER OIL MARKET IN MIDDLE EAST, BY APPLICATION,
2018–2030 (USD MILLION) 146
TABLE 154 TRANSFORMER OIL MARKET IN MIDDLE EAST, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 147
TABLE 155 TRANSFORMER OIL MARKET IN MIDDLE EAST, BY END USER,
2018–2030 (USD MILLION) 147
9.5.4.2 Africa 147
9.5.4.2.1 Need to avoid black outs and power outages is expected to drive the African transformer oil market 147
TABLE 156 TRANSFORMER OIL MARKET IN AFRICA, BY OIL TYPE,
2018–2030 (USD MILLION) 148
TABLE 157 TRANSFORMER OIL MARKET IN AFRICA, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 148

TABLE 158 TRANSFORMER OIL MARKET IN AFRICA, BY APPLICATION,
2018–2030 (USD MILLION) 148
TABLE 159 TRANSFORMER OIL MARKET IN AFRICA, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 149
TABLE 160 TRANSFORMER OIL MARKET IN AFRICA, BY END USER,
2018–2030 (USD MILLION) 149
9.5.4.3 South America 149
9.5.4.3.1 Growing investments in power generation capacity expected to drive the South American market for transformer oil 149
TABLE 161 TRANSFORMER OIL MARKET IN SOUTH AMERICA, BY OIL TYPE,
2018–2030 (USD MILLION) 150
TABLE 162 TRANSFORMER OIL MARKET IN SOUTH AMERICA, BY SUB OIL TYPE (MINERAL OIL), 2018–2030 (USD MILLION) 150
TABLE 163 TRANSFORMER OIL MARKET IN SOUTH AMERICA, BY APPLICATION,
2018–2030 (USD MILLION) 150
TABLE 164 TRANSFORMER OIL MARKET IN SOUTH AMERICA, BY SUB-APPLICATION (TRANSFORMER), 2018–2030 (USD MILLION) 151
TABLE 165 TRANSFORMER OIL MARKET IN SOUTH AMERICA, BY END USER,
2018–2030 (USD MILLION) 151
10 COMPETITIVE LANDSCAPE 152
10.1 OVERVIEW 152
FIGURE 38 KEY DEVELOPMENTS IN THE TRANSFORMER OIL MARKET, 2014 TO 2021 153
10.2 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2020 154
TABLE 166 TRANSFORMER OIL MARKET: COMPETITIVE ANALYSIS 154
FIGURE 39 SHARE ANALYSIS OF TOP PLAYERS IN TRANSFORMER OIL MARKET, 2020 154
10.3 MARKET EVALUATION FRAMEWORK 155
TABLE 167 MARKET EVALUATION FRAMEWORK, 2014–2021 155
10.4 REVENUE ANALYSIS OF TOP 3 MARKET PLAYERS 156
FIGURE 40 TOP PLAYERS DOMINATED THE MARKET IN THE LAST 5 YEARS 156
10.5 RECENT DEVELOPMENTS 157
10.5.1 DEALS 157
10.5.1.1 Transformer Oil Market: Deals,2014–2021 157
10.5.2 OTHERS 159
10.5.2.1 Transformer Oil Market: Others,2014–2021 159
10.6 COMPETITIVE LEADERSHIP MAPPING 160
10.6.1 STAR 160
10.6.2 EMERGING LEADER 160
10.6.3 PERVASIVE 160
10.6.4 PARTICIPANT 160
FIGURE 41 TRANSFORMER OIL MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020 161
TABLE 168 COMPANY PRODUCT FOOTPRINT 161
TABLE 169 COMPANY REGION FOOTPRINT 162
11 COMPANY PROFILES 164
(Business overview, Products offered, Recent Developments, MNM view)*
11.1 KEY COMPANIES 164
11.1.1 NYNAS AB 164
TABLE 170 NYNAS AB: BUSINESS OVERVIEW 164
FIGURE 42 NYNAS AB: COMPANY SNAPSHOT 165
11.1.2 ERGON, INC. 168
TABLE 171 ERGON, INC.: BUSINESS OVERVIEW 168
11.1.3 PETROCHINA COMPANY LIMITED 171
TABLE 172 PETROCHINA COMPANY LIMITED: BUSINESS OVERVIEW 171
FIGURE 43 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT 172
11.1.4 APAR INDUSTRIES 174
TABLE 173 APAR INDUSTRIES: BUSINESS OVERVIEW 174
FIGURE 44 APAR INDUSTRIES: COMPANY SNAPSHOT 175
11.1.5 SINOPEC LUBRICANT COMPANY 178
TABLE 174 SINOPEC LUBRICANT COMPANY: BUSINESS OVERVIEW 178
11.1.6 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. 180
TABLE 175 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.: BUSINESS OVERVIEW 180
FIGURE 45 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.: COMPANY SNAPSHOT 180
11.1.7 CARGILL, INCORPORATED. 183
TABLE 176 CARGILL, INCORPORATED.: BUSINESS OVERVIEW 183
11.1.8 EXXON MOBIL CORPORATION 185
TABLE 177 EXXON MOBIL CORPORATION: BUSINESS OVERVIEW 185
FIGURE 46 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT 186
11.1.9 ROYAL DUTCH SHELL 188
TABLE 178 ROYAL DUTCH SHELL: BUSINESS OVERVIEW 188
FIGURE 47 ROYAL DUTCH SHELL: COMPANY SNAPSHOT 189
11.1.10 GULF OIL INTERNATIONAL LTD 191
TABLE 179 GULF OIL INTERNATIONAL LTD: BUSINESS OVERVIEW 191
11.1.11 M&I MATERIALS LTD 194
TABLE 180 M&I MATERIALS LIMITED: BUSINESS OVERVIEW 194
11.1.12 PHILLIPS 66 COMPANY 197
TABLE 181 PHILLIPS 66 COMPANY: BUSINESS OVERVIEW 197
FIGURE 48 PHILLIPS 66 COMPANY: COMPANY SNAPSHOT 198
11.1.13 DOW 200
TABLE 182 DOW: BUSINESS OVERVIEW 200
FIGURE 49 DOW: COMPANY SNAPSHOT 201
11.1.14 REPSOL 202
TABLE 183 REPSOL: BUSINESS OVERVIEW 202
FIGURE 50 REPSOL: COMPANY SNAPSHOT 203
11.1.15 CHEVRON CORPORATION 206
TABLE 184 CHEVRON CORPORATION: BUSINESS OVERVIEW 206
FIGURE 51 CHEVRON CORPORATION: COMPANY SNAPSHOT 207
11.2 OTHER PLAYERS 209
11.2.1 GANDHAR OIL 209
11.2.2 HYDRODEC GROUP PLC 209
11.2.3 ENGEN PETROLEUM LIMITED 210
11.2.4 VALVOLINE CUMMINS 210
11.2.5 PETRO-CANADA 211
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12 APPENDIX 212
12.1 INSIGHTS OF INDUSTRY EXPERTS 212
12.2 DISCUSSION GUIDE 213
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 217
12.4 AVAILABLE CUSTOMIZATIONS 219
12.5 RELATED REPORTS 219
12.6 AUTHOR DETAILS 220