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.
Japan Lubricants Market : Largest Segment By End User : <span style="font-family: 'regular_bold';color:#0e7db3;">Automotive</span>

Japan Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026