North America & Europe Forestry Lubricants Market Analysis

North America & Europe Forestry Lubricants Market Analysis

North America & Europe forestry lubricants market from bio-based lubricants surpassed USD 160 million in 2020 and is expected to witness significant CAGR of over 4% during the forecast period.  The less toxic, safer, renewable, and environmental-friendly nature of bio-based forestry lubricants is expected to increase its rate of acceptance among consumers over the forecast period. The relatively high biodegradability of bio-based forestry lubricants is likely to favour its use in open environment applications, in turn accelerating its demand from the forestry industry.
 

Bio-based oils have a higher biodegradability, ranging from 70% to 100% compared to other types of base oils, which is expected to facilitate its usage in equipment used in open systems such as chain saws and harvesters. Moreover, good lubricity, high efficiency over a wide range of temperatures, high viscosity index, less toxicity to aquatic environment and increased polarity of bio-based lubricants should further raise their demand from forestry applications over the forecast period.
 

Chain oils & saw guide oils get directly discharged into the environment during different operations in the forestry industry. Growing awareness regarding the need to reduce environmental pollution caused due to effluent wastewater from forestry industries & maintain safety of sawmills is expected to raise the demand for bio-based forestry lubricants from chain oil & saw guide oils application and foster North America & Europe forestry lubricants market trends.
 

Moreover, remarkable attributes of saw guide oils including its ability to repel water, reduce resin build-up, reduce heat generation for less oil loss, lower water consumption, and less blade movement to provide more accurate cuts should further escalate product demand. Increasing efforts by sawmill manufacturers to improve tool production & lifespan and increase productivity is likely to raise the demand for forestry lubricants from chain oils & saw guide oils application, thus promoting industry expansion over the forecast period.
 

Ability of biodegradable lubricants to ensure less oil wash-offs and improved lubrication should further escalate their demand from chin oils & saw guide oils application, thus boosting the market share over the forecast period. North America & Europe forestry lubricants market from chain oils & saw guide oils application is expected to reach over USD 680 Million by 2027, growing at a CAGR of over 3.5% between 2021 and 2027.
 

Rapid growth of the paper industry in North America & Europe is expected to raise the demand for forestry lubricants during the forecast period. Rising demand for paper and paperboard from the packaging and consumer hygiene applications are compelling manufacturers to increase the level of automation I their production facilities, in turn escalating the demand for forestry lubricants for improving production efficiency.
 

Prolonged exposure of bearings in a paper forming machine to a large amount of water is expected to raise the demand for water-resistant lubricants from the paper & paperboard industry over the forecast period. Moreover, ability of grease to keep water out from the operating equipment, and purge contaminants from the bearings in paper & paperboard mills should further boost North America & Europe forestry lubricants market trends.
 

Positive attributes of grease such as its ability to withstand high-speed forming sections and high operating temperatures is likely to raise product demand from paper & paperboard industry, in turn fostering market growth. North America & Europe market from paper & paperboard end-use was valued at over USD 355 Million in 2020 and is expected to witness considerable CAGR of around 3% over the forecast period.
 

Europe forestry lubricants market is expected to reach over USD 1.6 billion by 2027, growing at a CAGR of over 3%. This is mainly attributed to the growing demand for wood pellets from power plants, residential heating, and commercial heating applications in the region.
 

Rising focus of manufacturers in the European forestry industry to reduce fuel consumption and lowering the impact of machines on soil coupled with increasing awareness regarding the need for soil conservation should raise product demand and foster regional market statistics. Increasing use of pellet heating stove & furnace in residential heating in Europe should boost product demand during the forecast period.
 

Increasing use of wood pellets as industrial boiler biomass fuel owing to the increasing need to mitigate environmental issues such as acid rain and climate change is expected to fuel the European industry statistics. Ease of availability and clean burning nature of wood pellets are expected to facilitate its use in power plants, in turn propelling the regional market forecasts over the forecast period.