Newark, Feb. 08, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 5.2 billion forestry lubricants market will reach USD 7.1 billion by 2032. By lowering friction between surfaces, forestry lubricants contribute to the reduction of heat generated during surface movement. They are essential to the smooth operation of all machinery and automobiles. Lubricants are selected in the forestry sector according to their ability to improve machine performance and reduce wear-down rates, which reduces machine maintenance expenses. People’s awareness of mechanical farming has led to an increase in the global demand for agricultural and harvesting equipment. Since harvesting and logging equipment is subjected to unfavourable operating conditions like heavy use, extreme temperatures, and harsh weather, lubricants are essential for equipment maintenance. Lubricants are commonly used to lubricate agricultural and forestry machinery to maximise equipment performance, provide excellent wear and tear, maintain high energy economy, and deliver outstanding performance when subjected to tough working conditions. As living conditions improve and the building industry continues to grow, so does the need for wood and wooden furniture. The increasing manufacturing of automobiles, an expanding fleet of vehicles, and stringent regulations to preserve product longevity and passenger safety will propel the market share of forestry lubricants. Moreover, growing disposable incomes would encourage industrial expansion in developing countries like Brazil, Indonesia, Thailand, China, India, etc.
● Elba Lubes
● Exxon Mobil Corporation
● FUCHS
● Penine Lubricants
● Repsol
● Royal Dutch Shell Plc
● behran oil company
● cortec corporation
● exol lubricants limited
● Frontier Performance Lubricants Inc
● Kluber Lubrication
● Phillips 66 Company
● TotalEnergies
● Rymax Lubricants
● Mineral Oils
● S Synthetic Oil
● Bio-Based Oils
● Greasing
● Paper Machine Oils
● Engine
● Hydraulics
● Chain Oils/Saw Guide Oils
● Others
● Wood Products Manufacturing
● Biomass Pellet Mills
● Pulp Mills
● Paper & Paperboard Mills
● Harvesting/Logging
● OEM
● Others
Head of Business Development
Phone: +1-315-215-1633
Email: [email protected] 
Web: www.thebrainyinsights.com 
(GlobeNewsWire)