Is there anything like VirtualEnv for Java?

From what I understand, virtualenv enables you to have separate library installation paths, effectively separate "virtual" Python installations.

Java doesn't have the concept of a "system-wide installed" library^(*): It always searches the classpath for the libraries to be loaded. Since the classpath can be (and needs to be!) defined for each application, each application can pick-and-choose which libraries and which versions it wants to load.

If you go down one level deeper and have a single application that somehow needs two different versions of the same library at the same time, then you can do even that with some classpath trickery. It can get complicated, but it's definitely possible (OSGi is one example where this is supported, even Tomcat with two separate webapplications does this).

I've seens some references to security in the virtualenv description: Java has a pretty thorough security system built in. In server applications it's often turned off because it's just easier to configure this way, but you can easily configure what exactly a Java application is allowed to do.

^{(*) Almost, there are extensions or extension libraries, but they aren't used a lot and even those can easily be loaded from arbitrary directories.}

Build tools like Ant, Maven, and gradle are the the closest thing to pip or easy_install.

The concept of virtualenv is done by the classpath. So there is no real need of virtualenv for Java

Yes(see http://www.jenv.be/), like many other languages (Ruby, Python, Go, R, Php, etc. etc.).