Global Ester-based Transformer Oil Market Growth 2024-2030

Biobased Transformer Oil or Ester transformer oil is special oil that is stable at high temperatures and has excellent electrical insulating properties. It serves two important functions in a transformer, viz., suppression of arcing and dissipation of heat generated in the transformer. 
The global Ester-based Transformer Oil market size is projected to grow from US$ 72.5 million in 2024 to US$ 109 million in 2030; it is expected to grow at a CAGR of 7.0% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Ester-based Transformer Oil Industry Forecast” looks at past sales and reviews total world Ester-based Transformer Oil sales in 2023, providing a comprehensive analysis by region and market sector of projected Ester-based Transformer Oil sales for 2024 through 2030. With Ester-based Transformer Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ester-based Transformer Oil industry.

This Insight Report provides a comprehensive analysis of the global Ester-based Transformer Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ester-based Transformer Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ester-based Transformer Oil market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ester-based Transformer Oil and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ester-based Transformer Oil.

Global key players of Ester-based Transformer Oil include Cargill, M&I Materials Limited, Shell, etc. The top three players hold a share about 88%. Asia Pacific is the largest market, and has a share about 38%, followed by Europe and North America with share 29% and 27%, separately. In terms of product type, Natural Ester Transformer Fluid is the largest segment, occupied for a share of 55%. In terms of application, Ordinary Transformer has a share about 96 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Ester-based Transformer Oil market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Natural Ester Transformer Fluid
    Synthetic Ester Transformer Oil

Segmentation by Application:
    EHV Transformer
    Ordinary Transformer

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Cargill
    M&I Materials Limited
    Shell
    Sinopec
    Savita Oil
    Raj Petro Specialties

Key Questions Addressed in this Report
What is the 10-year outlook for the global Ester-based Transformer Oil market?
What factors are driving Ester-based Transformer Oil market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ester-based Transformer Oil market opportunities vary by end market size?
How does Ester-based Transformer Oil break out by Type, by Application?

List of Tables
 Table 1. Ester-based Transformer Oil Annual Sales CAGR by Geographic Region (2019, 2023 & 2030) & ($ millions)
 Table 2. Ester-based Transformer Oil Annual Sales CAGR by Country/Region (2019, 2023 & 2030) & ($ millions)
 Table 3. Major Players of Natural Ester Transformer Fluid
 Table 4. Major Players of Synthetic Ester Transformer Oil
 Table 5. Global Ester-based Transformer Oil Sales by Type (2019-2024) & (MT)
 Table 6. Global Ester-based Transformer Oil Sales Market Share by Type (2019-2024)
 Table 7. Global Ester-based Transformer Oil Revenue by Type (2019-2024) & ($ million)
 Table 8. Global Ester-based Transformer Oil Revenue Market Share by Type (2019-2024)
 Table 9. Global Ester-based Transformer Oil Sale Price by Type (2019-2024) & (US$/MT)
 Table 10. Global Ester-based Transformer Oil Sale by Application (2019-2024) & (MT)
 Table 11. Global Ester-based Transformer Oil Sale Market Share by Application (2019-2024)
 Table 12. Global Ester-based Transformer Oil Revenue by Application (2019-2024) & ($ million)
 Table 13. Global Ester-based Transformer Oil Revenue Market Share by Application (2019-2024)
 Table 14. Global Ester-based Transformer Oil Sale Price by Application (2019-2024) & (US$/MT)
 Table 15. Global Ester-based Transformer Oil Sales by Company (2019-2024) & (MT)
 Table 16. Global Ester-based Transformer Oil Sales Market Share by Company (2019-2024)
 Table 17. Global Ester-based Transformer Oil Revenue by Company (2019-2024) & ($ millions)
 Table 18. Global Ester-based Transformer Oil Revenue Market Share by Company (2019-2024)
 Table 19. Global Ester-based Transformer Oil Sale Price by Company (2019-2024) & (US$/MT)
 Table 20. Key Manufacturers Ester-based Transformer Oil Producing Area Distribution and Sales Area
 Table 21. Players Ester-based Transformer Oil Products Offered
 Table 22. Ester-based Transformer Oil Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
 Table 23. New Products and Potential Entrants
 Table 24. Market M&A Activity & Strategy
 Table 25. Global Ester-based Transformer Oil Sales by Geographic Region (2019-2024) & (MT)
 Table 26. Global Ester-based Transformer Oil Sales Market Share Geographic Region (2019-2024)
 Table 27. Global Ester-based Transformer Oil Revenue by Geographic Region (2019-2024) & ($ millions)
 Table 28. Global Ester-based Transformer Oil Revenue Market Share by Geographic Region (2019-2024)
 Table 29. Global Ester-based Transformer Oil Sales by Country/Region (2019-2024) & (MT)
 Table 30. Global Ester-based Transformer Oil Sales Market Share by Country/Region (2019-2024)
 Table 31. Global Ester-based Transformer Oil Revenue by Country/Region (2019-2024) & ($ millions)
 Table 32. Global Ester-based Transformer Oil Revenue Market Share by Country/Region (2019-2024)
 Table 33. Americas Ester-based Transformer Oil Sales by Country (2019-2024) & (MT)
 Table 34. Americas Ester-based Transformer Oil Sales Market Share by Country (2019-2024)
 Table 35. Americas Ester-based Transformer Oil Revenue by Country (2019-2024) & ($ millions)
 Table 36. Americas Ester-based Transformer Oil Sales by Type (2019-2024) & (MT)
 Table 37. Americas Ester-based Transformer Oil Sales by Application (2019-2024) & (MT)
 Table 38. APAC Ester-based Transformer Oil Sales by Region (2019-2024) & (MT)
 Table 39. APAC Ester-based Transformer Oil Sales Market Share by Region (2019-2024)
 Table 40. APAC Ester-based Transformer Oil Revenue by Region (2019-2024) & ($ millions)
 Table 41. APAC Ester-based Transformer Oil Sales by Type (2019-2024) & (MT)
 Table 42. APAC Ester-based Transformer Oil Sales by Application (2019-2024) & (MT)
 Table 43. Europe Ester-based Transformer Oil Sales by Country (2019-2024) & (MT)
 Table 44. Europe Ester-based Transformer Oil Revenue by Country (2019-2024) & ($ millions)
 Table 45. Europe Ester-based Transformer Oil Sales by Type (2019-2024) & (MT)
 Table 46. Europe Ester-based Transformer Oil Sales by Application (2019-2024) & (MT)
 Table 47. Middle East & Africa Ester-based Transformer Oil Sales by Country (2019-2024) & (MT)
 Table 48. Middle East & Africa Ester-based Transformer Oil Revenue Market Share by Country (2019-2024)
 Table 49. Middle East & Africa Ester-based Transformer Oil Sales by Type (2019-2024) & (MT)
 Table 50. Middle East & Africa Ester-based Transformer Oil Sales by Application (2019-2024) & (MT)
 Table 51. Key Market Drivers & Growth Opportunities of Ester-based Transformer Oil
 Table 52. Key Market Challenges & Risks of Ester-based Transformer Oil
 Table 53. Key Industry Trends of Ester-based Transformer Oil
 Table 54. Ester-based Transformer Oil Raw Material
 Table 55. Key Suppliers of Raw Materials
 Table 56. Ester-based Transformer Oil Distributors List
 Table 57. Ester-based Transformer Oil Customer List
 Table 58. Global Ester-based Transformer Oil Sales Forecast by Region (2025-2030) & (MT)
 Table 59. Global Ester-based Transformer Oil Revenue Forecast by Region (2025-2030) & ($ millions)
 Table 60. Americas Ester-based Transformer Oil Sales Forecast by Country (2025-2030) & (MT)
 Table 61. Americas Ester-based Transformer Oil Annual Revenue Forecast by Country (2025-2030) & ($ millions)
 Table 62. APAC Ester-based Transformer Oil Sales Forecast by Region (2025-2030) & (MT)
 Table 63. APAC Ester-based Transformer Oil Annual Revenue Forecast by Region (2025-2030) & ($ millions)
 Table 64. Europe Ester-based Transformer Oil Sales Forecast by Country (2025-2030) & (MT)
 Table 65. Europe Ester-based Transformer Oil Revenue Forecast by Country (2025-2030) & ($ millions)
 Table 66. Middle East & Africa Ester-based Transformer Oil Sales Forecast by Country (2025-2030) & (MT)
 Table 67. Middle East & Africa Ester-based Transformer Oil Revenue Forecast by Country (2025-2030) & ($ millions)
 Table 68. Global Ester-based Transformer Oil Sales Forecast by Type (2025-2030) & (MT)
 Table 69. Global Ester-based Transformer Oil Revenue Forecast by Type (2025-2030) & ($ millions)
 Table 70. Global Ester-based Transformer Oil Sales Forecast by Application (2025-2030) & (MT)
 Table 71. Global Ester-based Transformer Oil Revenue Forecast by Application (2025-2030) & ($ millions)
 Table 72. Cargill Basic Information, Ester-based Transformer Oil Manufacturing Base, Sales Area and Its Competitors
 Table 73. Cargill Ester-based Transformer Oil Product Portfolios and Specifications
 Table 74. Cargill Ester-based Transformer Oil Sales (MT), Revenue ($ Million), Price (US$/MT) and Gross Margin (2019-2024)
 Table 75. Cargill Main Business
 Table 76. Cargill Latest Developments
 Table 77. M&I Materials Limited Basic Information, Ester-based Transformer Oil Manufacturing Base, Sales Area and Its Competitors
 Table 78. M&I Materials Limited Ester-based Transformer Oil Product Portfolios and Specifications
 Table 79. M&I Materials Limited Ester-based Transformer Oil Sales (MT), Revenue ($ Million), Price (US$/MT) and Gross Margin (2019-2024)
 Table 80. M&I Materials Limited Main Business
 Table 81. M&I Materials Limited Latest Developments
 Table 82. Shell Basic Information, Ester-based Transformer Oil Manufacturing Base, Sales Area and Its Competitors
 Table 83. Shell Ester-based Transformer Oil Product Portfolios and Specifications
 Table 84. Shell Ester-based Transformer Oil Sales (MT), Revenue ($ Million), Price (US$/MT) and Gross Margin (2019-2024)
 Table 85. Shell Main Business
 Table 86. Shell Latest Developments
 Table 87. Sinopec Basic Information, Ester-based Transformer Oil Manufacturing Base, Sales Area and Its Competitors
 Table 88. Sinopec Ester-based Transformer Oil Product Portfolios and Specifications
 Table 89. Sinopec Ester-based Transformer Oil Sales (MT), Revenue ($ Million), Price (US$/MT) and Gross Margin (2019-2024)
 Table 90. Sinopec Main Business
 Table 91. Sinopec Latest Developments
 Table 92. Savita Oil Basic Information, Ester-based Transformer Oil Manufacturing Base, Sales Area and Its Competitors
 Table 93. Savita Oil Ester-based Transformer Oil Product Portfolios and Specifications
 Table 94. Savita Oil Ester-based Transformer Oil Sales (MT), Revenue ($ Million), Price (US$/MT) and Gross Margin (2019-2024)
 Table 95. Savita Oil Main Business
 Table 96. Savita Oil Latest Developments
 Table 97. Raj Petro Specialties Basic Information, Ester-based Transformer Oil Manufacturing Base, Sales Area and Its Competitors
 Table 98. Raj Petro Specialties Ester-based Transformer Oil Product Portfolios and Specifications
 Table 99. Raj Petro Specialties Ester-based Transformer Oil Sales (MT), Revenue ($ Million), Price (US$/MT) and Gross Margin (2019-2024)
 Table 100. Raj Petro Specialties Main Business
 Table 101. Raj Petro Specialties Latest Developments


List of Figures
 Figure 1. Picture of Ester-based Transformer Oil
 Figure 2. Ester-based Transformer Oil Report Years Considered
 Figure 3. Research Objectives
 Figure 4. Research Methodology
 Figure 5. Research Process and Data Source
 Figure 6. Global Ester-based Transformer Oil Sales Growth Rate 2019-2030 (MT)
 Figure 7. Global Ester-based Transformer Oil Revenue Growth Rate 2019-2030 ($ millions)
 Figure 8. Ester-based Transformer Oil Sales by Geographic Region (2019, 2023 & 2030) & ($ millions)
 Figure 9. Ester-based Transformer Oil Sales Market Share by Country/Region (2023)
 Figure 10. Ester-based Transformer Oil Sales Market Share by Country/Region (2019, 2023 & 2030)
 Figure 11. Product Picture of Natural Ester Transformer Fluid
 Figure 12. Product Picture of Synthetic Ester Transformer Oil
 Figure 13. Global Ester-based Transformer Oil Sales Market Share by Type in 2023
 Figure 14. Global Ester-based Transformer Oil Revenue Market Share by Type (2019-2024)
 Figure 15. Ester-based Transformer Oil Consumed in EHV Transformer
 Figure 16. Global Ester-based Transformer Oil Market: EHV Transformer (2019-2024) & (MT)
 Figure 17. Ester-based Transformer Oil Consumed in Ordinary Transformer
 Figure 18. Global Ester-based Transformer Oil Market: Ordinary Transformer (2019-2024) & (MT)
 Figure 19. Global Ester-based Transformer Oil Sale Market Share by Application (2023)
 Figure 20. Global Ester-based Transformer Oil Revenue Market Share by Application in 2023
 Figure 21. Ester-based Transformer Oil Sales by Company in 2023 (MT)
 Figure 22. Global Ester-based Transformer Oil Sales Market Share by Company in 2023
 Figure 23. Ester-based Transformer Oil Revenue by Company in 2023 ($ millions)
 Figure 24. Global Ester-based Transformer Oil Revenue Market Share by Company in 2023
 Figure 25. Global Ester-based Transformer Oil Sales Market Share by Geographic Region (2019-2024)
 Figure 26. Global Ester-based Transformer Oil Revenue Market Share by Geographic Region in 2023
 Figure 27. Americas Ester-based Transformer Oil Sales 2019-2024 (MT)
 Figure 28. Americas Ester-based Transformer Oil Revenue 2019-2024 ($ millions)
 Figure 29. APAC Ester-based Transformer Oil Sales 2019-2024 (MT)
 Figure 30. APAC Ester-based Transformer Oil Revenue 2019-2024 ($ millions)
 Figure 31. Europe Ester-based Transformer Oil Sales 2019-2024 (MT)
 Figure 32. Europe Ester-based Transformer Oil Revenue 2019-2024 ($ millions)
 Figure 33. Middle East & Africa Ester-based Transformer Oil Sales 2019-2024 (MT)
 Figure 34. Middle East & Africa Ester-based Transformer Oil Revenue 2019-2024 ($ millions)
 Figure 35. Americas Ester-based Transformer Oil Sales Market Share by Country in 2023
 Figure 36. Americas Ester-based Transformer Oil Revenue Market Share by Country (2019-2024)
 Figure 37. Americas Ester-based Transformer Oil Sales Market Share by Type (2019-2024)
 Figure 38. Americas Ester-based Transformer Oil Sales Market Share by Application (2019-2024)
 Figure 39. United States Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 40. Canada Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 41. Mexico Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 42. Brazil Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 43. APAC Ester-based Transformer Oil Sales Market Share by Region in 2023
 Figure 44. APAC Ester-based Transformer Oil Revenue Market Share by Region (2019-2024)
 Figure 45. APAC Ester-based Transformer Oil Sales Market Share by Type (2019-2024)
 Figure 46. APAC Ester-based Transformer Oil Sales Market Share by Application (2019-2024)
 Figure 47. China Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 48. Japan Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 49. South Korea Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 50. Southeast Asia Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 51. India Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 52. Australia Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 53. China Taiwan Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 54. Europe Ester-based Transformer Oil Sales Market Share by Country in 2023
 Figure 55. Europe Ester-based Transformer Oil Revenue Market Share by Country (2019-2024)
 Figure 56. Europe Ester-based Transformer Oil Sales Market Share by Type (2019-2024)
 Figure 57. Europe Ester-based Transformer Oil Sales Market Share by Application (2019-2024)
 Figure 58. Germany Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 59. France Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 60. UK Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 61. Italy Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 62. Russia Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 63. Middle East & Africa Ester-based Transformer Oil Sales Market Share by Country (2019-2024)
 Figure 64. Middle East & Africa Ester-based Transformer Oil Sales Market Share by Type (2019-2024)
 Figure 65. Middle East & Africa Ester-based Transformer Oil Sales Market Share by Application (2019-2024)
 Figure 66. Egypt Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 67. South Africa Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 68. Israel Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 69. Turkey Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 70. GCC Countries Ester-based Transformer Oil Revenue Growth 2019-2024 ($ millions)
 Figure 71. Manufacturing Cost Structure Analysis of Ester-based Transformer Oil in 2023
 Figure 72. Manufacturing Process Analysis of Ester-based Transformer Oil
 Figure 73. Industry Chain Structure of Ester-based Transformer Oil
 Figure 74. Channels of Distribution
 Figure 75. Global Ester-based Transformer Oil Sales Market Forecast by Region (2025-2030)
 Figure 76. Global Ester-based Transformer Oil Revenue Market Share Forecast by Region (2025-2030)
 Figure 77. Global Ester-based Transformer Oil Sales Market Share Forecast by Type (2025-2030)
 Figure 78. Global Ester-based Transformer Oil Revenue Market Share Forecast by Type (2025-2030)
 Figure 79. Global Ester-based Transformer Oil Sales Market Share Forecast by Application (2025-2030)
 Figure 80. Global Ester-based Transformer Oil Revenue Market Share Forecast by Application (2025-2030)

Cargill
M&I Materials Limited
Shell
Sinopec
Savita Oil
Raj Petro Specialties

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape