Japan Greases Market Size & Outlook, 2023-2030
Japan greases market, 2018-2030 (US$M)
Related Markets
Japan greases market highlights
- The Japan greases market generated a revenue of USD 220.3 million in 2023 and is expected to reach USD 292.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, mineral was the largest revenue generating form in 2023.
- Mineral is the most lucrative form segment registering the fastest growth during the forecast period.
Greases market data book summary
| Market revenue in 2023 | USD 220.3 million |
| Market revenue in 2030 | USD 292.3 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Mineral |
| Fastest growing segment | Mineral |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral, Synthetic, Bio-based |
| Key market players worldwide | Nycon, Battenfeld-Grease & Oil Corporation of New York, RichardsApex Inc., Lubriplate Lubricants Co., GB Lubricants, Eastern Oil, JAX INC., D-A Lubricant Company, Xaerus Performance Fluids, Moroil Technologies, Industrial Oils Unlimited, LLC, Primrose Oil Company, Cadillac Oil, Condat, COGELSA, Interflon |
Other key industry trends
- In terms of revenue, Japan accounted for 3.8% of the global greases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China greases market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 990.5 million by 2030.
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Greases Market Scope
Greases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan greases market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to greases market will help companies and investors design strategic landscapes.
Mineral was the largest segment with a revenue share of 63.23% in 2023. Horizon Databook has segmented the Japan greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Japan’s manufacturing industry is considered to be the driving force of its economy, accounting for more than 20% of GDP in 2022 as per the International Trade Association. The greases market in Japan is expected to witness growth owing to the presence of leading automobile manufacturers, such as Suzuki, Toyota, Mazda, and Nissan.
Good manufacturing practices and the utilization of technology in the automotive industry are anticipated to promote automobile production in Japan. In addition, high penetration of grease manufacturers, such as Kyodo Yushi, SUMICO LUBRICANT CO., LTD, and Idemitsu Kosan Co. Ltd., in Japan and their strategic partnerships with OEMs are anticipated to have a positive impact on the market growth over the forecast period.
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Our clientele includes a mix of greases market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan greases market, including forecasts for subscribers. This country databook contains high-level insights into Japan greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan greases market size, by form, 2018-2030 (US$M)
Japan Greases Market Share, 2023 & 2030 (US$M)
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