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North America Paper Machine Oil Market Size

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

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North America Paper Machine Oil Market Size

North America Paper Machine Oil Market size was over USD 90 million in 2020 and is estimated to grow at over 3% CAGR between 2021 and 2027 owing to the growing demand for hygiene related paper products such as tissue paper, napkins, and toilet paper products due to the rapid spread of COVID-19 across the region. Moreover, growth in e-commerce sector and online shopping led to surging demand for packaging products.

north america paper machine oil market outlook

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Paper machine oils are multi-functional lubricants used in wet- & dry-end circulating oil systems of paper machines. They are specially designed to protect the metal surfaces and lubricate the moving parts of machines to further ensure a smooth & efficient operation of the paper machines. The rising demand for paper from the packaging industry is one of the significant factors driving the market growth.

The increasing demand for upstream products, such as paper bags, coated papers, paper towels, tissue papers, and hygiene products, is raising investments in new production equipment and facilities. Additionally, growing need for cardboard packaging owing to rapidly rising e-commerce activities is driving the paper & paperboard industry growth.

North America Paper Machine Oil Market Report Attributes
Report Attribute	Details
Base Year:	2020
North America Paper Machine Oil Market Size in 2020:	94.41 (USD) Million
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	3%
2027 Value Projection:	125.5 (USD) Million
Historical Data for:	2016 to 2020
No. of Pages:	160
Tables, Charts & Figures:	100
Segments covered:	Product, Machine Type, and End-Use
Growth Drivers:	Flourishing demand for paper-based products in packaging industry and hygiene products Replacing plastic packaging for food application Growing awareness toward sustainable packing material and recyclability of papers
Pitfalls & Challenges:	High cost of synthetic paper machine oil

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The demand for ashless or zinc-free paper machine oil formulation has increased significantly over the past few year as these products have lower environment impact. These type of oils formulations are extensively used in circulating systems and gearboxes including dryer bearings, wet-end systems, and calendar stacks in paper machine systems. Growing focus of paper machine oil producers towards developing ashless or zinc-free oil formulations should lucrative growth opportunity over the forecast period.

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.