Home > Chemicals & Materials > Lubricant and Greases > Industrial Lubricants > North America & Europe Forestry Lubricants Market

North America & Europe Forestry Lubricants Market Share

Report ID: GMI5220
Published Date: Feb 2022
Report Format: PDF

Download Free Sample

North America & Europe Forestry Lubricants Market Share

North America & Europe forestry lubricants market is competitive, with

Fuchs Petrolub SE
Royal Dutch Shell Plc
Kluber Lubrication
Phillips 66 Company
Chevron Corporation
Petronas Lubricants International (PLI)

being some of the key players in the industry. Companies are investing heavily in R&D and new product development to carve out a niche and further strengthen their position in the market.

In February 2020, Petronas Lubricants International (PLI) launched PETRONAS ARBOR, a fully developed range of lubricants, especially designed for use in agricultural and construction machinery. This newly launched product range covers a wide range of products including greases, hydraulic & gear oils, and antifreeze to protect machinery used in the agricultural & construction sectors. This new product launch would help the company to further strengthen its footprint in the market.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

North America & Europe market for forestry lubricants surpassed USD 2 billion in 2020 and is expected to expand at a CAGR of 3% from 2021 to 2027 driven by the soaring demand for lubricants with high operational efficiency.

The market share from bio-based forestry lubricants is estimated to grow at a CAGR of 4% through 2027 owing to their relatively high biodegradability.

Europe forestry lubricants market value is projected to cross USD 1.6 billion by 2027 considering the rising demand for wood pellets from residential heating, power plants, and commercial heating applications.

Major companies in the North America & Europe forestry lubricants industry comprise Phillips 66 Company, Fuchs Petrolub SE, Kluber Lubrication, Royal Dutch Shell plc, and others.