North America Paper Machine Oil Market 2022: Global Industry Analysis, Latest Trends & Statistics till 2027

The North America paper machine oil market is slated to showcase robust expansion by 2027 on account of widespread adoption of paper-based packaging instead of plastic packaging across key regions. In addition, growing emphasis on sustainable packaging is likely to accelerate product demand owing to the recyclability of paper.

The online grocery shopping and food delivery market has witnessed an upsurge during the COVID-19 pandemic driven by shifting consumer preferences towards e-commerce platforms. Proliferation of the e-commerce sector has created significant demand for packaging, which has augmented industry uptake in recent years. Moreover, increasing adoption of protective packaging for the delivery of food items and essential medical supplies has driven market expansion during the pandemic.

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Notably, to accommodate the surging demand for paper-based packaging, industry players have been engaging in lucrative strategies, which has positively impacted the overall business scenario. For instance, in October 2021, the FUCHS Group, a prominent supplier of lubricants, announced the acquisition of Nye Lubricants Inc., a U.S.-based manufacturer of high-performance specialty synthetic lubricants. The deal enabled FUCHS to strengthen its specialty synthetic lubricants portfolio by leveraging Nye's engineering expertise.

To cite another instance, in October 2021, Shell Retail and Convenience Operations LLC, a wholly-owned subsidiary of Shell Oil Products U.S., announced the acquisition of 248 company-owned fuel and retail convenience sites from the Landmark Group, a multinational retail organization. The deal enabled Shell to expand its retail footprint in the U.S.

The North America paper machine oil market has been segregated on the basis of end-use, product, machine type, and region. With respect to product, the market has further been classified into synthetic and mineral. Under mineral, the market has been divided into zinc-free mineral and zinc-based mineral. The zinc-based mineral segment is projected to grow at a sturdy pace over the forecast period to reach a significant valuation of around USD 28.4 billion by the end of 2027.

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In terms of machine type, the North America paper machine oil market has been categorized into fourdrinier machine and cylinder machine. Under cylinder machine, the market has further been bifurcated into semi-automatic and automatic. The semi-automatic segment is anticipated to amass sizable gains by 2027, progressing at a CAGR of approximately 2.0% over the study timeframe.

Under fourdrinier machine, the market has been segmented into semi-automatic and automatic. The semi-automatic segment is speculated to witness optimistic growth by 2027, registering a CAGR of more than 2.5% through the analysis period.

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