Japan Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 1.51 Billion Liters |
| Market Volume (2026) | 1.57 Billion Liters |
| CAGR (2024 - 2026) | 1.97 % |
| Market Concentration | High |
Japan Lubricants Market Analysis
The Japan Lubricants Market size is estimated at 1.51 Billion Liters in 2024, and is expected to reach 1.57 Billion Liters by 2026, growing at a CAGR of 1.97% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Among end-use segments, automotive was the largest due to the high proportion of engine & transmission oil usage in motor vehicles compared to other industrial applications.
- Fastest Segment by End-user Industry - Power Generation : Power generation is likely to be the fastest-growing end user of lubricants in Japan due to the growing usage of natural gas reactors and wind turbines for energy generation.
- Largest Segment by Product Type - Engine Oils : Due to the varying engine sizes of cars, trucks, and buses and the high oil changing frequencies, engine oils are the most widely used product category in Japan.
- Fastest Segment by Product Type - Hydraulic Fluids : Hydraulic fluids are used in construction, mining, steel, marine & aviation, and their consumption is predicted to expand faster with rising activities in these sectors.
Japan Lubricants Market Trends
This section covers the major market trends shaping the Japan Lubricants Market according to our research experts:
Largest Segment By End User : Automotive
- In 2020, the Japanese lubricant market was dominated by the automotive industry, which accounted for around 36% of the total lubricant consumption. During 2015-2019, lubricant consumption in the automotive industry decreased by around 10% due to the stagnant vehicle outputs and usage rates.
- In 2020, COVID-19 related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 12.6%, followed by heavy equipment (10.1%).
- Power generation is likely to be the fastest-growing end-user industry of the market studied, with a CAGR of 3.92% over 2021-2026, followed by metallurgy and metalworking (2.09%). The increasing power generation capacity in the country is likely to drive the consumption of lubricants in the power generation capacity.
Japan Lubricants Industry Overview
The Japan Lubricants Market is fairly consolidated, with the top five companies occupying 83.34%. The major players in this market are Cosmo Energy Holdings Co. Ltd, ENEOS Corporation, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd and Royal Dutch Shell Plc (sorted alphabetically).
Japan Lubricants Market Leaders
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Cosmo Energy Holdings Co. Ltd
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ENEOS Corporation
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ExxonMobil Corporation
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Idemitsu Kosan Co. Ltd
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Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
Japan Lubricants Market News
- March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- January 2022: Effective January 21, 2022, Royal Dutch Shell plc changes its name to Shell plc.
Japan Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 Automotive Industry Trends
3.2 Manufacturing Industry Trends
3.3 Power Generation Industry Trends
3.4 Regulatory Framework
3.5 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By End User
4.1.1 Automotive
4.1.2 Heavy Equipment
4.1.3 Metallurgy & Metalworking
4.1.4 Power Generation
4.1.5 Other End-user Industries
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Metalworking Fluids
4.2.5 Transmission & Gear Oils
4.2.6 Other Product Types
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP Plc (Castrol)
5.3.2 Cosmo Energy Holdings Co. Ltd
5.3.3 ENEOS Corporation
5.3.4 ExxonMobil Corporation
5.3.5 FUCHS
5.3.6 Idemitsu Kosan Co. Ltd
5.3.7 Japan Sun Oil Company Ltd (SUNOCO Inc.)
5.3.8 MITASU OIL CORPORATION
5.3.9 Royal Dutch Shell Plc
5.3.10 Yushiro Chemical Industry Co. Ltd
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Japan Lubricants Industry Segmentation
| By End User | |
| Automotive | |
| Heavy Equipment | |
| Metallurgy & Metalworking | |
| Power Generation | |
| Other End-user Industries |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Metalworking Fluids | |
| Transmission & Gear Oils | |
| Other Product Types |
Japan Lubricants Market Research FAQs
How big is the Japan Lubricants Market?
The Japan Lubricants Market size is expected to reach 1.51 billion Liters in 2024 and grow at a CAGR of 1.97% to reach 1.57 billion Liters by 2026.
What is the current Japan Lubricants Market size?
In 2024, the Japan Lubricants Market size is expected to reach 1.51 billion Liters.
Who are the key players in Japan Lubricants Market?
Cosmo Energy Holdings Co. Ltd, ENEOS Corporation, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd and Royal Dutch Shell Plc are the major companies operating in the Japan Lubricants Market.
Which segment has the biggest share in the Japan Lubricants Market?
In the Japan Lubricants Market, the Automotive segment accounts for the largest share by end user.
Which is the fastest growing segment in the Japan Lubricants Market?
In 2024, the Power Generation segment accounts for the fastest growing by end user in the Japan Lubricants Market.
What years does this Japan Lubricants Market cover, and what was the market size in 2023?
In 2023, the Japan Lubricants Market size was estimated at 1.49 billion Liters. The report covers the Japan Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Lubricants Market size for years: 2024, 2025 and 2026.
Japan Lubricants Industry Report
Statistics for the 2024 Japan Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Japan Lubricants Report Snapshots
