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North America Paper Machine Oil Market Share

Report ID: GMI5187
Published Date: Jan 2022
Report Format: PDF

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North America Paper Machine Oil Market Share

The North America paper machine oil industry is consolidated in nature with a strong share of key market players such as :

Shell
Exxon Mobil Corporation
TotalEnergies
BP (Castrol)
Phillips 66 Company
Petronas Lubricants International
Sinopec Corp
Chevron Corporation
Fuchs Lubricants Co
Kluber Lubrication
Petro Canada Lubricants.

The key market players in the market are implementing various strategies such as new product development, capacity expansion, and mergers & acquisitions to enhance their portfolio and market presence to increase the market share and to tap the growth opportunities in the market.

For instance, in October 2021, Shell Retail and Convenience Operations LLC signed an agreement to acquire over 248 fuel & convenience retail sites and networks owned and operated by the Landmark Group of companies. Furthermore, this agreement also included supply agreements with other 117 independently operated fuel & convenience sites. This strategic initiative was aimed to enhance the company’s market presence and accelerate growth.

In July 2019, ExxonMobil Corporation launched Mobil SHC Elite, a synthetic gear and bearing circulating oil for the pulp & paper industry. This strategic initiative was aimed to enhance the company’s product offerings.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

North America paper machine oil market size was registered at USD 90 million in 2020 and it is expected to record 3% CAGR through 2027, driven by the rising need for hygienic paper products during the COVID-19 pandemic.

The U.S. industry surpassed USD 75.5 million in 2020 and may record 3% CAGR through 2027, owing to the presence of leading paper manufacturing companies.

The aftermarket end-use segment registered USD 75 million in 2020 and may grow at a CAGR of 3% through 2027, driven by the fact that paper machine oil is widely sold in the aftermarket for the smooth operation of paper machines.

The competitive spectrum of North America paper machine oil industry comprises Shell, Exxon Mobil Corporation, TotalEnergies, BP (Castrol), Phillips 66 Company, Petronas Lubricants International, Sinopec Corp, Chevron Corporation, Fuchs Lubricants Co, Kluber Lubrication, and Petro Canada Lubricants.