North America & Europe Forestry Lubricants Market Trends

North America & Europe Forestry Lubricants Market Trends

Rising consumer demand for wooden furniture with an improved aesthetical appeal and enhanced durability in North America & Europe is expected to raise the demand for forestry lubricants from the wood working industry. Moreover, increasing efforts by manufacturers in the forestry industry to increase productivity and enhance profits by improving machine operation and reducing wear down rate should escalate product demand over the forecast period.
 

Technological advancements such as development of bio-based forestry lubricants which offer benefits such as low cost, biodegradability, less toxicity, and less maintenance should foster market statistics. Furthermore, strict regulatory amendments due to environmental concerns, such as forestry pollution and growing consumer acceptance for Environmentally Acceptable Lubricants (EALs) is likely to further favour North America & Europe forestry lubricants market expansion over the review period.
 

Increasing investment in equipment by paper manufacturers to meet the growing consumer demand for paper bags, coated papers, paper towels, tissue papers, and hygiene products should raise the demand for efficient lubricants, thus boosting market trends. Growing need to reduce carbon dioxide emissions in energy and power generation sector have raised the demand for biomass pellets as biofuel, which should in turn boost North America & Europe forestry lubricants industry landscape.
 

However, the relatively high cost of synthetic lubricants over their mineral-based counterparts owing to the capital and technology intensive nature of its production process may hinder the market demand over the forecast period.