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. Read More

What is the current Japan Lubricants Market size?

In 2024, the Japan Lubricants Market size is expected to reach 1.51 billion Liters. Read More

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. Read More

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. Read More

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. Read More

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. Read More

Japan Lubricants Market Trends

Statistics for the 2023 & 2024 Japan Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Japan Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of japan lubricants Industry

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.