Home > Pressrelease > North America Paper Machine Oil Market size worth over USD 125.5 miilion by 2027

North America Paper Machine Oil Market size worth over USD 125.5 miilion by 2027

  • Published Date: February 2, 2022

According to a new research report by Global Market Insights Inc., the North America Paper Machine Oil Market size is set to surpass USD 125.5 million by 2027 driven by the growth in paper production and packaging sector in the U.S. and Canada.

Growing focus of paper manufacturers on installing highly advanced paper machines in the manufacturing units to enhance production should further escalate paper machine oil market growth. The shift in consumers preference towards recyclable paper packaging products coupled with the developed packaging sector owing to the increased rate of online shopping should support the paper industry growth, in turn, escalate paper machine oil market growth in the future.

Low price and cost of production of mineral paper machine oil is anticipated to escalate product demand

Mineral paper machine oil market should grow at a CAGR of over 1.0% during the forecast period and reach a value of USD 40.95 million by the end of 2027. The mineral-based paper machine oil products demand has accelerated over the past few years owing to their advantages such as improved solubility with additives and excellent anti-corrosion & anti-wear protection properties.  They are used for the multipurpose lubrication of various mechanical components used in paper machines such as bearings, gears, chains, slides, and threaded connections. Moreover, the low cost of mineral paper machine oil as compared to synthetic oil products is the major factor attributing to its increasing product demand.

The zinc-free mineral product is expected to reach over USD 12.45 million by 2027. Zinc-free mineral oil is applied in modern paper machines as a reliable and effective lubricant. This type of oil does not contain any heavy metals and possesses excellent wear protection. The use of zinc-free mineral oil has increased significantly over the past few years. The same trend is expected to t follow in the coming years attributed to its lower environmental impacts and enhanced product quality.

Rising focus towards enhancing production capacity and high-quality paper production will foster the installation of fourdrinier machines

The fourdrinier machine segment accounts for a significant share in the market and is anticipated to reach over USD 60.0 million by the year 2027. Fourdrinier machines are majorly used for the commercial production of paper products, ranging from tissues to writing papers. Thus, growth in paper production driven by increasing domestic demand for toilet paper & tissue paper is driving installation of fourdrinier machines. Rising focus of paper producers towards enhancing production capacity and producing high quality paper products is escalating the installation of fourdrinier machines as these machines are fast and offer high operating speeds.

The automatic fourdrinier machine segment is expected to reach over USD 25.5 million by 2027. The integration of automatic fourdrinier machine in functionality accuracy offers enhancements in controlled performance and ease-of-use. Furthermore, automatic machines allow the production of high-quality paper with minimal requirement of labor. These factors have bolstered the installation of automatic fourdrinier machine in paper production plants, in turn, will drive the growth of paper machine oil market.

The increase in paper production capacities to meet growing paper demand in North America should boost paper machine oil demand from OEM end-use

The North America Paper machine oil market from OEM is predicted to reach over USD 21.5 million by the year 2027. Paper machine oil is used to lubricate machine components to improve efficiency, operational reliability, reduce friction, and offer strong reliability to machines. Increased installation of technologically advanced paper machines to increase production of high-quality paper products has propelled the use of paper machine oil from OEM end-use.

Browse key industry insights spread across 160 pages 64 market data tables and 36 figures & charts from the report “Paper Machine Oil Market Size By Product (Mineral {Zinc-based Mineral, Zinc-free Mineral}, Synthetic), By Machine Type (Cylinder Machine {Automatic, Semi-Automatic}, Fourdrinier Machine {Automatic, Semi-Automatic}), By End-use (OEM, Aftermarket) Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market 2021- 2027in detail along with the table of contents:

Increasing tissue paper production in Canada should propel product demand

Canada paper machine oil market is likely to reach a value of over USD 23.0 million by the year 2027. will drive the market growth. Consumers in Canada are spending more on sanitary and personal hygiene products including tissues and toilet paper. Further, the surge in demand for tissue paper from the household and hospitality sector also supports the paper industry growth. Thus, the paper companies operating in Canada are investing heavily in installing highly advanced paper producing machineries to enhance tissue production over the past few years. This trend has supported the paper machine market growth in Canada.

Players in the North America paper machine oil industry are implementing multiple strategies such as expansion of product portfolio, merger, acquisition, and partnerships to sustain their position in the market. The major players include Sinopec Corp, Shell, Phillips 66 Company, TotalEnergies, Petronas Lubricants International, BP (Castrol), Fuchs Lubricants Co, Chevron Corporation, Kluber Lubrication, Exxon Mobil Corporation, and Petro Canada Lubricants which play a significant role in paper machine oil market.

Authors: Kunal Ahuja, Sarita Bayas