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Forestry Lubricants Market Size

Report ID: GMI5164
Published Date: Dec 2022
Report Format: PDF

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Forestry Lubricants Market Size

Forestry Lubricants Market size was worth USD 4 billion in 2022 and is anticipated to record over 3% CAGR from 2023-2032.

Rising demand for paper and paper products in manufacturing hygiene products and packaging will complement the forestry lubricants industry dynamics. In recent years, the demand for upstream products such as coated papers, paper towels, paper bags, and tissue papers has grown considerably. As a result, manufacturers are increasingly investing in the expansion of facilities and the adoption of advanced equipment

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Additionally, a dynamic surge in e-commerce activities and manufacturing output across developed and developing countries has encouraged paper manufacturers to ramp up production in order to meet the growing need for cardboard packaging. Paper companies are rapidly deploying critical equipment and components such as lubricants to meet production goals. Lubricants designed for paper machines enable error-free operations, support high workloads, and help prevent water contamination.

Forestry Lubricants Market Report Attributes
Report Attribute	Details
Base Year:	2022
Forestry Lubricants Market Size in 2022:	4 Billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	3%
2032 Value Projection:	6 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	356
Tables, Charts & Figures:	585
Segments covered:	Product, , Application, End-Use, Region
Growth Drivers:	Increasing labor costs and decreasing availability of agricultural labor in Asia Pacific Paper & pulp industry a key contributor to the economic growth rate in Asia pacific region Increasing bio-based lubricants demand in Europe and North America Increasing demand for paper in packaging applications and hygiene products Growing biomass pellets utilization in the energy & power industry Increasing demand for wood and wood products Rapid growth of construction sector
Pitfalls & Challenges:	Strict norms on synthetic lubricants

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Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The global market size for forestry lubricants was worth USD 4 billion in 2022 and is anticipated to record over 3% CAGR from 2023-2032.

Harvesting and logging end-use segment is expected to surpass USD 1 billion by 2032 due to its ability to protect equipment from contaminants and external conditions.

Asia Pacific forestry lubricants market is poised to surpass USD 2.4 billion by 2032 driven by rising investments in the expansion of paper production capacities in China, and Malaysia.

Fuchs Petrolub SE, Repsol SA, Rymax Lubricants, Penine Lubricants, Amsoil Inc., Lubrizol Corporation, Castrol Limited, and TotalEnergies SE are some of the leading manufacturers of forestry lubricants.