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2026-10-15 11:34:05 -

Transformer Oil Market Growth Supported by Rising Electricity Infrastructure Investments

Valued at USD 2.28 billion in 2023, the global transformer oil market is projected to reach USD 6.56 billion by 2032, growing at a CAGR of 12.4% during the forecast period 2023–2032, according to Polaris Market Research, which identifies 2022 as the base year. Key players include Sinopec Lubricant, Valvoline, Cargill, Ergon International, PetroChina Lubricant, Apar Industries, Engen...

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