North America Paper Machine Oil Market Analysis

North America Paper Machine Oil Market Analysis

Synthetic paper machine oil market surpassed USD 59 million in 2020 and is projected to show growth of 4% of CAGR in the forecasted period. Synthetic oils are used as gear oil in systems working under high loads and extreme temperatures in the paper industry. Paper machines operate at high temperatures and high speeds; thus, the use of appropriate lubricant is vital in the paper industry.
 

Synthetic paper machine oil is used in circulating systems in paper machine as it provides excellent wide-temperature performance, wear protection, thermal stability, and superior protection against rust, corrosion, and wear.
 

The demand for synthetic paper machine oil is projected to gain momentum over the forecast timeframe due to its superior properties such as improved low and high-temperature viscosity performance, and better viscosity index (VI). Furthermore, synthetic oil market is expected to benefit from its enhanced chemical & shear stability, improved circulation system cleanliness, and reduced unnecessary downtime.
 

 Also, the inclination of industries toward increasing efficiency of paper machines is anticipated to favor the growth of the synthetic paper machine oil market.
 

The cylinder machine type segment in the paper machine oil market was around USD 48.5 million in 2020 and is projected to exhibit growth at a CAGR of 2.5% through 2027. Most types of paper products are made in continuous sheets on high-speed cylinder machines. These machines offer ease of adjusting the composition, the number of plies, and offer high-cost advantages.
 

They are extensively used to make thick and inexpensive paperboards.  Increasing demand for paperboard packaging from wide range of industries should accelerate the installation and demand for cylinder machines.
 

The automatic machine type segment was around USD 33.5 million in 2020 and is projected to show growth of 3% CAGR in the forecasted period. The paper manufacturers prefer automatic machines over semi-automated machines to reduce the cost of production & labor requirement and enhance paper production. Thus, the usage of paper machine oils from the automatic cylinder machine segment is high as compared to the semi-automated cylinder machines.
 

The aftermarket end-use segment was over USD 75 million in 2020 and is projected to grow at a CAGR of 3% during the forecasted period. Paper machine oil sold in the aftermarket is primarily used for the maintenance & smooth operation of paper machines. The regular maintenance of paper machines in paper production plants helps to reduce the total operating & maintenance cost and improves energy efficiency and the overall performance of the machines.
 

Thus, the rising focus of paper manufacturers toward the regular maintenance of paper machines to improve efficiency will escalate the need for paper machine oils from the aftermarket over the projected timeframe.  

The U.S. paper machine oil market crossed USD 75.5 Million in 2020 and is anticipated to grow at a CAGR of over 3% during the forecasted period. The well-established paper sector along with the presence of leading paper manufacturing companies such as International Paper, Kimberly-Clark, RockTenn, Weyerhaeuser, MeadWestvaco, and Sonoco, among others is projected to provides ample growth opportunities for the paper machine oil market growth in the country.
 

Additionally, increase production of sanitary products, such as toilet papers and tissue papers, due to the COVID-19 pandemic is driving the demand for paper products.