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The Japan lubricants market size is estimated to grow at a CAGR of 2.3% in the forecast period of 2024-2032. The market is being aided by the growing demand for lubricants in the automotive sector and the development of bio-based lubricants.
Lubricant is a substance which is primarily utilised to reduce the friction between two surfaces when they are in contact or proximity. It can also reduce the wear and tear of components and dissipate the heat produced.
Based on product type, the market is divided into engine oils, hydraulic fluids, greases, metalworking fluids, and transmission and gear oils, among others. The market, on the basis of base oil, is segmented into mineral oil lubricants, bio-based lubricants, and synthetic lubricants. Based on end use, the market is classified into automotive, heavy equipment, metallurgy and metalworking, power generation, and chemical, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Japan lubricants market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Engine oils constitute a significant portion of the Japan lubricants market share, owing to their high usage in internal combustion engines (ICEs) for reducing wear and tear on moving parts. They also prevent the engine from corrosion and rust and facilitate the smooth operation of the vehicle.
Moreover, engine oils prevent the formation of sludge on engine blocks that could lead to engine damage over time, ensuring the longevity of the engines. T the function of engine oil as a sealant to maintain leaks also offers impetus to the segment’s growth.
As per the Japan lubricants market analysis, the automotive sector accounts for a substantial market share, due to the rising usage of oils for reducing friction and providing heat dissipation to ICEs. Growing utilisation of greases to prevent any premature wear and tear of automotive parts also provides lucrative opportunities for market growth.
Furthermore, factors such as the implementation of brake fluids in brake systems to keep them in good condition as well as the development of eco-friendly lubricants offer a positive market outlook.
BP plc, established in 1909, is a multinational oil and gas corporation, headquartered in London, the United Kingdom. Some of its primary products in the Japanese market include engine oil, gear oil, brake fluid, and automatic transmission fluid, among others. The company offers its industrial oils and lubricant solutions in the sectors of aerospace, automobile manufacturing, iron and steel, and mining, among others.
FUCHS SE is a global lubricants and speciality products company, founded in 1931 and based in Mannheim, Germany. Some of its popular lubricant brands include Agrifarm, Anticorit, Carbaflo, MolyPaul, and Silkolene, among others. This company has a range of over 10,000 products and services in the categories of automotive and industrial lubricants, lubricating greases, and metal processing lubricants, among others.
Shell PLC is a global oil and petrochemical company, incorporated in 1907 and headquartered in London, the United Kingdom. The company aims to become a net-zero emission business by the year 2050. It has recently developed an innovative range of transmission fluids, called Shell EV Plus, for the powertrains of EVs.
Other Japan lubricants market players include Exxon Mobil Corp., ENEOS Corp., Cosmo Energy Holdings Co. Ltd., Idemitsu Kosan Co., Ltd., Yushiro Chemical Industry Co., Ltd., Japan Sun Oil Company Ltd., and Mitasu Oil Corporation, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Base Oil |
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Breakup by End Use |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Lubricants Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Lubricants Historical Market (2018-2023)
8.3 Asia Pacific Lubricants Market Forecast (2024-2032)
8.4 Asia Pacific Lubricants Market breakup by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 Others
9 Japan Lubricants Market Overview
9.1 Key Industry Highlights
9.2 Japan Lubricants Historical Market (2018-2023)
9.3 Japan Lubricants Market Forecast (2024-2032)
10 Japan Lubricants Market by Product Type
10.1 Engine Oils
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Hydraulic Fluids
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Greases
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Metalworking Fluids
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Transmission and Gear Oils
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Japan Lubricants Market by Base Oil
11.1 Mineral Oil Lubricants
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Bio-Based Lubricants
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Synthetic Lubricants
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Japan Lubricants Market by End Use
12.1 Automotive
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Heavy Equipment
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Metallurgy and Metalworking
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Power Generation
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Chemical
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 BP plc
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 FUCHS SE
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Shell PLC
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Exxon Mobil Corp.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 ENEOS Corp.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Cosmo Energy Holdings Co. Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Idemitsu Kosan Co., Ltd.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Yushiro Chemical Industry Co., Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Japan Sun Oil Company Ltd.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Mitasu Oil Corporation
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Lubricants Market: Key Industry Highlights, 2018 and 2032
2. Japan Lubricants Market: Key Industry Highlights, 2018 and 2032
3. Japan Lubricants Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Japan Lubricants Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Japan Lubricants Historical Market: Breakup by Base Oil (USD Million), 2018-2023
6. Japan Lubricants Market Forecast: Breakup by Base Oil (USD Million), 2024-2032
7. Japan Lubricants Historical Market: Breakup by End Use (USD Million), 2018-2023
8. Japan Lubricants Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. Japan Lubricants Market Structure
The market is projected to grow at a CAGR of 2.3% between 2024 and 2032.
The major market drivers are the growth of the automotive sector, the rising usage of lubricants in the heavy equipment sector, and innovative developments in the market.
The key trends of the market include growing demand for EV lubricants, rising popularity of bio-based lubricants, increased development of advanced lubricants, and launch of innovative lubricant products that offer a unified solution for use in vehicles.
Various product types are engine oils hydraulic fluids, greases, metalworking fluids, and transmission and gear oils, among others.
Various base oils are mineral oil lubricants, bio-based lubricants, and synthetic lubricants.
Automotive, heavy equipment, metallurgy and metalworking, power generation, and chemical, among others, are the significant end uses of lubricants.
The key players in the market are BP plc, FUCHS SE, Shell PLC, Exxon Mobil Corp., ENEOS Corp., Cosmo Energy Holdings Co. Ltd., Idemitsu Kosan Co., Ltd., Yushiro Chemical Industry Co., Ltd., Japan Sun Oil Company Ltd., and Mitasu Oil Corporation, among others.
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