Japan Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

The Japan Lubricants Market size is estimated at 1.54 billion liters in 2025, and is expected to reach 1.70 billion liters by 2030, at a CAGR of 1.97% during the forecast period (2025-2030).

Key Highlights

• 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

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).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support