Japan Lubricant Additives Market Size & Outlook, 2023-2030
Japan lubricant additives market, 2018-2030 (US$M)
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Japan lubricant additives market highlights
- The Japan lubricant additives market generated a revenue of USD 510.7 million in 2023 and is expected to reach USD 674.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, viscosity index improvers was the largest revenue generating product in 2023.
- Friction Modifiers is the most lucrative product segment registering the fastest growth during the forecast period.
Lubricant additives market data book summary
| Market revenue in 2023 | USD 510.7 million |
| Market revenue in 2030 | USD 674.2 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Viscosity index improvers |
| Fastest growing segment | Friction Modifiers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dispersants, Viscosity Index Improvers, Detergents, Anti-wear Additives, Antioxidants, Friction Modifiers |
| Key market players worldwide | Basf SE, Lanxess AG, Chevron Corp, Croda International PLC, Evonik Industries AG, Berkshire Hathaway Inc Class A, Brother Industries Ltd |
Other key industry trends
- In terms of revenue, Japan accounted for 2.9% of the global lubricant additives market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China lubricant additives 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 1,034.0 million by 2030.
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Lubricant Additives Market Scope
Lubricant Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan lubricant additives 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 lubricant additives market will help companies and investors design strategic landscapes.
Viscosity index improvers was the largest segment with a revenue share of 23.03% in 2023. Horizon Databook has segmented the Japan lubricant additives market based on dispersants, viscosity index improvers, detergents, anti-wear additives, antioxidants, friction modifiers covering the revenue growth of each sub-segment from 2018 to 2030.
The Japanese construction industry is majorly driven by the private sector, especially with an emphasis on constructing facilities to support the upcoming sporting event 2020 Summer Olympics in Tokyo. Rapid restoration and refurbishing activities post the natural & man-made disasters in the country during 2011 has also encouraged construction activities.
This in turn is conducive to industrial lubricant demand in the construction & manufacturing sectors. The government has also implemented several measures to foster private investments for reconstruction & maintenance of public infrastructure.
One such measure is the revised PPP model in 2011, commonly known as PFI in Japan that was implemented to promote private investments in the country’s infrastructure & construction market. These key factors are expected to drive demand for lubricants in the construction sector.
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Our clientele includes a mix of lubricant additives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan lubricant additives market , including forecasts for subscribers. This country databook contains high-level insights into Japan lubricant additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan lubricant additives market size, by product, 2018-2030 (US$M)
Japan Lubricant Additives Market Outlook Share, 2023 & 2030 (US$M)
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