North America & Europe Forestry Lubricants Market Insights Forecasts to 2030

• The North American & Europe forestry lubricants market was valued at USD 2.2 billion in 2021.
• The market is growing at a CAGR of 3.9% from 2022 to 2030
• The North American & Europe forestry lubricants market is expected to reach USD 3.1 billion by 2030
• The Europe forestry lubricants is expected to grow the fastest during the forecast period

The North American & Europe forestry lubricants market is expected to reach USD 3.1 billion by 2030, at a CAGR of 3.9% during the forecast period 2022 to 2030. The rising demand for lubricants that have excellent operational efficiency and the capability of working in extreme conditions is expected to grow overall  North America & Europe forestry lubricants market expansion.

Market Overview

Forestry lubricants are lubricants that help the equipment and vehicles used in the forestry industry run more efficiently. They have demanding uses in a variety of end-use sectors, such as biomass pellet mills, woodworking, paper and paperboard mills, pulp mills, and sawmills, among others. These lubricants diminish heat produced during their motions and lessen friction between surfaces that are in direct touch. In North America and Europe, increasing consumer demand for wooden furniture with higher aesthetic appeal and increased durability is anticipated to increase demand for forestry lubricants from the woodworking sector. Additionally, the forestry industry's manufacturers are working harder than ever to boost profits and productivity by enhancing equipment performance and lowering wear-down rates, which should drive up product demand over the projected period.

Market statistics should be boosted by technological developments like the creation of bio-based forestry lubricants, which have advantages like cheap cost, biodegradability, less toxicity, and minimal maintenance requirements. The rise of the forestry lubricants market in North America and Europe is projected to be aided by severe regulatory changes brought about by environmental issues, such as forestry pollution, and increased consumer acceptance of Environmentally Acceptable Lubricants (EALs). The demand for effective lubricants should increase as a result of rising equipment investment by paper makers to fulfill the expanding consumer demand for paper bags, coated papers, paper towels, tissue papers, and hygiene products.

The demand for biomass pellets as a biofuel has increased because of the growing need to reduce carbon dioxide emissions in the energy and power production sectors, which should improve the landscape of the forestry lubricants business in North America and Europe. However, the comparatively high cost of synthetic lubricants compared to their equivalents made from minerals, as a result of the capital and technologically intensive nature of their production process, may restrain market demand throughout the projection period.

Report Coverage

This research report categorizes the market for North America & Europe forestry lubricants based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing The North America & Europe forestry lubricants market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each of The North America & Europe forestry lubricants market sub-segments. 

Segmentation Analysis

• In 2021, the Bio-Based segment dominated the market with the largest market share of 37.6% and market revenue of 82.72 billion.

Based on the Product, The North America & Europe forestry lubricants market is categorized into Synthetic, Bio-Based, Mineral, and Synthetic Blend Oil. In 2021, the Bio-Based segment dominated the market with the largest market share of 37.6% and market revenue of 82.72 billion. Over the projected period, it is anticipated that consumers will embrace bio-based forestry lubricants more frequently due to their less harmful, safer, renewable, and environmentally beneficial qualities. Because of their relatively high biodegradability, bio-based forestry lubricants are more likely to be used in open environment applications, which will increase demand from the forestry sector. In comparison to other types of base oils, bio-based oils have a higher biodegradability that ranges from 70% to 100%, which is intended to make it easier to utilize them in machinery used in open systems like chainsaws and harvesters. Additionally, the demand for bio-based lubricants in The  North America & Europe forestry lubricants market will expand because to their excellent lubricity, high efficiency over a wide range of temperatures, high viscosity index, lower toxicity to aquatic environments, and improved polarity in the forecast period

• In 2021, the Paper & Paperboard Mills segment accounted for the largest share of the market, with 13.6% and a market revenue of 0.29 billion.

Based on the End-use, The  North America & Europe forestry lubricants market is categorized into OEMs, Sawmills, Paper & Paperboard Mills, Biomass Pellet Mills, Harvesting/Logging, Wood Products Manufacturing, Pulp Mills, and Others. In 2021, the Paper & Paperboard Mills segment accounted for the largest share of the market, with 13.6% and market revenue of 0.29 billion. During the projection period, the paper industries' rapid expansion in North America and Europe is anticipated to increase demand for forestry lubricants. Over the projection period, there is likely to be an increase in demand for water-resistant lubricants from the paper & paperboard industry due to the prolonged exposure of bearings in paper-making machines to significant amounts of water. Additionally, grease's capacity to keep water out of operational equipment and remove impurities from bearings in paper and paperboard mills could further support market trends for forestry lubricants in North America and Europe. Manufacturers are being forced to enhance the level of automation in their production facilities due to the rising demand for paper and paperboard used in packaging and consumer hygiene applications. This is driving up the demand for forestry lubricants to help with production.

• In 2021, the Chain Oils/Saw Guide Oils segment accounted for the largest share of the market, with 20.1% and a market revenue of 0.44 billion.

Based on the application, The  North America & Europe forestry lubricants market is categorized into Transmission & Gears, Hydraulics, Greasing, Chain Oils/Saw Guide Oils, Paper Machine Oils, Engines, and Others. In 2021, the Chain Oils/Saw Guide Oils segment accounted for the largest share of the market, with 20.1% and a market revenue of 0.44 billion. Growing demand for bio-based forestry lubricants from chain oil & saw guide oils application is anticipated to driveThe  North America & Europe forestry lubricants market trends. This demand is expected to be driven by the need to reduce environmental pollution caused by effluent wastewater from forestry industries & maintain sawmill safety. Further driving up demand for the product should be the exceptional properties of saw guide oils, such as their capacity to repel water, prevent resin build-up, reduce heat generation for reduced oil loss, lower water usage, and lessen blade movement. The market for forestry lubricants from chain oils & saw guide oils application is projected to rise due to increased efforts by sawmill manufacturers to improve tool output & lifespan and increase productivity over the forecast period.

Regional Segment Analysis of the North America & Europe forestry lubricants Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

North America emerged as the largest market for The North America & Europe forestry lubricants market, with a market share of around 25.0% and 0.55 billion of the market revenue in 2021.

• North America emerged as the largest market for The North America & Europe forestry lubricants market, with a market share of around 25.0% and 0.55 billion of the market revenue in 2021. This is primarily attributable to manufacturers putting more emphasis on boosting productivity and lengthening the lifespan of pellet plants. The need for highly effective lubricants to clean pollutants from biomass pellet mill bearings, such as dust, grime, and moisture, is expected to increase.

• The Europe market is expected to grow at the fastest CAGR between 2021 and 2030 because the industry that makes wood goods is seeing an increase in demand for the product. Increases in consumer buying power, consumer desire to own a home, and demand for wood products from the furniture industry will all help to drive up regional market income in the years to come.

Competitive Landscape

The report offers the appropriate analysis of the key End-uses/companies involved within The  North America & Europe forestry lubricants market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players:

• Kluber Lubrication
• Penine Lubricants
• Elba Lubes
• Exol Lubricants Limited
• Exxon Mobil Corporation
• Frontier Performance Lubricants Inc.
• FUCHS
• Behran Oil Co.
• Chevron Corporation
• Cortec Corporation
• Phillips 66 Company
• Repsol
• Rymax Lubricants
• Shell Plc
• TotalEnergies.

Key Target Audience

• Market Players
• Investors
• End-users
• Paper Machine Oils Authorities 
• Consulting and Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Some of the Key Developments:

• In July 20201- The American corrosion protection specialist Cortec Corporation launched EcoLine, a line of premium biobased rust-preventive lubricants, for use in the logistics industry.

• In February 2020- LPetronas Lubricants International (PLI), launched PETRONAS ARBOR is a fully developed line of lubricants made specifically for use in construction and agricultural machines. Grease, hydraulic and gear oils, and antifreeze to preserve machinery used in the construction and agricultural industries are just a few of the products included in this recently established product line. The company's market presence would be significantly strengthened by introducing this new product.

Market Segment

This study forecasts, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented The North America & Europe forestry lubricants market based on the below-mentioned segments:

 North America & Europe forestry lubricants Market, By Product

• Synthetic
• Synthetic Blend Oil
• Bio-Based
• Mineral

 North America & Europe forestry lubricants Market, By Application

• Engine
• Transmission & Gears
• Hydraulics
• Greasing
• Chain Oils/Saw Guide Oils
• Paper Machine Oils
• Others

North America & Europe forestry lubricants Market, By End-use

• OEMs
• Sawmills
• Paper & Paperboard Mills
• Biomass Pellet Mills 
• Harvesting/Logging 
• Wood Products Manufacturing
• Pulp Mills
• Others

North America & Europe forestry lubricants Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe