North America Paper Machine Oil Market Size

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.

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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.

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.