How do I efficiently cache objects in Java using available RAM?

I've heard of stuff like EHCache, but it seems quite heavy-weight for what I need, and I'm not sure if it is fast enough for my application (remembering that the solution can't be dramatically slower than a HashMap).

I really don't know if one can say that EHCache is heavy-weight. At least, I do not consider EHCache as such, especially when using a Memory Store (which is backed by an extended LinkedHashMap and is of course the the fastest caching option). You should give it a try.

I believe MapMaker is going to be the only reasonable way to get what you're asking for. If "the GC begins to thrash and the whole app's performance deteriorates dramatically," you should spend some time properly setting the various tuning parameters. This document may seem a little intimidating at first, but it's actually written very clearly and is a goldmine of helpful information about GC:

https://www.oracle.com/technetwork/java/javase/memorymanagement-whitepaper-150215.pdf

I've implemented serval caches and it's probably as difficult as implementing a new datasource or threadpool, my recommendation is use jboss-cache or a another well known caching lib. So you will sleep well without issues

I've got similar requirements to you - concurrency (on 2 hexacore CPUs) and LRU or similar - and also tried Guava MapMaker. I found softValues() much slower than weakValues(), but both made my app excruciatingly slow when memory filled up.

I tried WeakHashMap and it was less problematic, oddly even faster than using LinkedHashMap as an LRU cache via its removeEldestEntry() method.

But by the fastest for me is ConcurrentLinkedHashMap which has made my app 3-4 (!!) times faster than any other cache I tried. Joy, after days of frustration! It's apparently been incorporated into Guava's MapMaker, but the LRU feature isn't in Guava r07 at any rate. Hope it works for you.