According to the research report titled ‘ North America & Europe Forestry Lubricants MarketSize By Product (Synthetic, Synthetic Blend Oil, Bio-Based, Mineral), By Application (Engine, Transmission & Gears, Hydraulics, Greasing, Chain Oils/Saw Guide Oils), By End-Use (Pulp Mills, Sawmills, Paper & Paperboard Mills, Wood Products Manufacturing, Harvesting/Logging, Biomass pellet Mills, OEM), Industry Analysis Report, Regional, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, North America & Europe forestry lubricants market size is anticipated to expand significantly during 2021-2027.

Report findings suggest that North America & Europe forestry lubricants market expansion is creditable to growing product usage in various end-use sectors, escalating construction sector, and surging demand for paper in packaging applications. Also, inclination towards bio-based lubricant, biomass pellets, and wood & wood products will further stimulate the industry outlook.

Based on application spectrum, the greasing segment is estimated to reach a valuation of USD 155 million by 2027, with a CAGR of more than 2% during the assessment period. Whereas the others segment is slated to grow at a CAGR of 2.4%, generating revenues worth USD 100 million by the end of 2027.

In terms of end-use terrain, the synthetic & bio-based sub-segment, under paper & paperboard mills segment, is anticipated to record a CAGR of 3.5% over the review timeframe. Meanwhile, the synthetic blend oil subsegment is poised to progress at 2.5% CAGR through 2027.

The harvesting/logging segment of North America & Europe forestry lubricants industry was worth USD 420 million in 2020 and is expected to expand at a CAGR of 2.5% during the forecast period. Whereas pulp mills segment was worth USD 130 million in 2020 and is touted to grow at a CAGR of 2.4 during 2021 and 2027.

TotalEnergies SE, Castrol Limited, Lubrizol Corporation, AMSOIL Inc., Bioblend Renewable Resources LLC, Klondike Lubricants Corporation, PETRONAS Lubricants International (PLI), Chevron Corporation, Exxon Mobil Corporation, Petro-Canada Lubricants Inc., Frontier Performance Lubricants Inc., Elba Lubrication Inc., Pennine Lubricants Limited, China Petroleum & Chemical Corporation, Rymax Lubricants, Repsol S.A., Phillips 66 Company, Klüber Lubrication, Royal Dutch Shell plc, and Fuchs Petrolub SE are the leading players in North America & Europe forestry lubricants market.