Japan Lubricants Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2027

The Japan Lubricants Market is segmented by End User ( Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation ) and by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils )

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Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2015 - 2027
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User: Automotive
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User: Metallurgy & Metalworking
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: NaN %

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Market Overview

The Japan Lubricants Market stood at 1.46 billion liters in 2022 and is projected to register a CAGR of NaN% to reach NaN liters in 2027.

  • 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 - Metallurgy & Metalworking : 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 - Metalworking 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.

Scope of the Report

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

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Key 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.

Competitive Landscape

The Japan Lubricants Market is fairly consolidated, with the top five companies occupying 82.28%. 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).

Recent Developments

  • 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.

Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1 Study Assumptions & Market Definition

    2. 2.2 Scope of the Study​

    3. 2.3 Research Methodology

  3. 3. Key Industry Trends

    1. 3.1 Automotive Industry Trends

    2. 3.2 Manufacturing Industry Trends

    3. 3.3 Power Generation Industry Trends

    4. 3.4 Regulatory Framework

    5. 3.5 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By End User

      1. 4.1.1 Automotive

      2. 4.1.2 Heavy Equipment

      3. 4.1.3 Metallurgy & Metalworking

      4. 4.1.4 Power Generation

      5. 4.1.5 Other End-user Industries

    2. 4.2 By Product Type

      1. 4.2.1 Engine Oils

      2. 4.2.2 Greases

      3. 4.2.3 Hydraulic Fluids

      4. 4.2.4 Metalworking Fluids

      5. 4.2.5 Transmission & Gear Oils

      6. 4.2.6 Other Product Types

  5. 5. Competitive Landscape

    1. 5.1 Key Strategic Moves

    2. 5.2 Market Share Analysis

    3. 5.3 Company Profiles

      1. 5.3.1 BP Plc (Castrol)

      2. 5.3.2 Cosmo Energy Holdings Co. Ltd

      3. 5.3.3 ENEOS Corporation

      4. 5.3.4 ExxonMobil Corporation

      5. 5.3.5 FUCHS

      6. 5.3.6 Idemitsu Kosan Co. Ltd

      7. 5.3.7 Japan Sun Oil Company Ltd (SUNOCO Inc.)

      8. 5.3.8 MITASU OIL CORPORATION

      9. 5.3.9 Royal Dutch Shell Plc

      10. 5.3.10 Yushiro Chemical Industry Co. Ltd

  6. 6. Appendix

    1. 6.1 Appendix-1 References

    2. 6.2 Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Lubricants CEOs

List of Tables & Figures

    Figure 1:  

    VEHICLE POPULATION, NUMBER OF UNITS, JAPAN, 2015 - 2026

    Figure 2:  

    COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, JAPAN, 2015 - 2026

    Figure 3:  

    MOTORCYCLES POPULATION, NUMBER OF UNITS, JAPAN, 2015 - 2026

    Figure 4:  

    PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, JAPAN, 2015 - 2026

    Figure 5:  

    MANUFACTURING VALUE ADDED, USD BILLION (CURRENT VALUE), JAPAN, 2015 - 2020

    Figure 6:  

    POWER GENERATION CAPACITY, GIGAWATT (GW), JAPAN, 2015 - 2020

    Figure 7:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, BY END USER, 2015-2026

    Figure 8:  

    JAPAN LUBRICANTS MARKET, VOLUME SHARE (%), BY END USER, 2020

    Figure 9:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, AUTOMOTIVE, 2015-2026

    Figure 10:  

    JAPAN LUBRICANTS MARKET, AUTOMOTIVE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 11:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, HEAVY EQUIPMENT, 2015-2026

    Figure 12:  

    JAPAN LUBRICANTS MARKET, HEAVY EQUIPMENT, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 13:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, METALLURGY & METALWORKING, 2015-2026

    Figure 14:  

    JAPAN LUBRICANTS MARKET, METALLURGY & METALWORKING, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 15:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, POWER GENERATION, 2015-2026

    Figure 16:  

    JAPAN LUBRICANTS MARKET, POWER GENERATION, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 17:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, OTHER END-USER INDUSTRIES, 2015-2026

    Figure 18:  

    JAPAN LUBRICANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 19:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026

    Figure 20:  

    JAPAN LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 21:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026

    Figure 22:  

    JAPAN LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY END USER, 2020

    Figure 23:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026

    Figure 24:  

    JAPAN LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY END USER, 2020

    Figure 25:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026

    Figure 26:  

    JAPAN LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY END USER, 2020

    Figure 27:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, METALWORKING FLUIDS, 2015-2026

    Figure 28:  

    JAPAN LUBRICANTS MARKET, METALWORKING FLUIDS, VOLUME SHARE (%), BY END USER, 2020

    Figure 29:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION & GEAR OILS, 2015-2026

    Figure 30:  

    JAPAN LUBRICANTS MARKET, TRANSMISSION & GEAR OILS, VOLUME SHARE (%), BY END USER, 2020

    Figure 31:  

    JAPAN LUBRICANTS MARKET, VOLUME IN LITERS, OTHER PRODUCT TYPES, 2015-2026

    Figure 32:  

    JAPAN LUBRICANTS MARKET, OTHER PRODUCT TYPES, VOLUME SHARE (%), BY END USER, 2020

    Figure 33:  

    JAPAN LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 34:  

    JAPAN LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 35:  

    JAPAN LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

Market Definition

  • Vehicle Types - Passenger Vehicles, Commercial Vehicles and Motorcycles are the vehicle types considered under the automotive lubricants market.
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission oils, greases and hydraulic fluids are taken into consideration.
  • Service Refill - Service refill is the primary factor considered while accounting the lubricant consumption for each of the vehicle segments, under the study.
  • Factory Fill - First lubricant fill-ups for newly produced vehicles are considered.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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Frequently Asked Questions

The Japan Lubricants Market market is studied from 2015 - 2027.

The Japan Lubricants Market stood at 1.46 billion liters in 2022 and is projected to register a CAGR of NaN% to reach NaN liters in 2027.

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.

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.

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.

Hydraulic fluids are used in construction, mining, steel, marine & aviation, and their consumption is predicted to expand faster with rising activities in these sectors.

Cosmo Energy Holdings Co. Ltd,ENEOS Corporation,ExxonMobil Corporation,Idemitsu Kosan Co. Ltd and Royal Dutch Shell Plc. are the major companies operating in Japan Lubricants Market.