Transformer Oil Market Revenue Is To Be Reach $4.05 Billion By 2025 | CAGR: 11.5%
“The Global Transformer Oil Market size was estimated at USD 1.56 billion in 2016 and is likely to grow at a rate of 11.5% from 2017 to 2025.�
The global Transformer Oil Market is expected to reach USD 4.05 billion by 2025, according to a new report by Grand View Research, Inc. Rural electrification in emerging economies and expanding manufacturing sites have driven energy needs and boosted transformers growth, subsequently contributing to oils demand in recent years. Access Full Research Report on Global Transformer Oil Market : http://www.grandviewresearch.com/industry-analysis/transformer-oil-market These products possess excellent insulative and electrical properties, oxidative stability and controlled low or negative gassing tendency. Crude oil is the major raw material, leading to price volatility owing to supply fluctuation in the global market. Political instability and crashing crude prices have driven industry growth in recent years, as consumers are opting for bulk volume purchases. Technological advancements and increasing R&D initiatives by prominent industry players have also contributed to market expansion in recent years. Cargill is one such
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