The electric vehicle fluids market size has seen significant growth in recent years, ballooning from $2.19 billion in 2024 to an estimated $2.81 billion in 2025. This impressive pace is captured by a compound annual growth rate (CAGR) of 28.3%. The growth drivers during this historical period range from the rise in electric vehicle adoption and sales, government incentives and regulations, environmental concerns and reduction goals, consumer demand for convenient charging, to enhanced investments in electric vehicles by the automotive industry.
The electric vehicle fluids market size is predicted to witness further exponential growth, slated to reach $8.07 billion in 2029. This marks an impressive CAGR of 30.2%. The forecast period growth can be attributed to elements like expansion of electric vehicle charging networks, standardization of charging connectors, global electric vehicle adoption, growth of public as well as private charging stations, international market growth among major trends such as development of specialized ev fluids, eco-friendly and biodegradable formulations, collaborations with original equipment manufacturers (OEMs), fluid monitoring and maintenance, and thermal management.
To explore a free sample of The Global Electric Vehicle Fluids Market Report, please visit the following link: https://www.thebusinessresearchcompany.com/sample.aspx?id=5566&type=smp
What Factors Are Driving The Electric Vehicle Fluids Market?
An increasing demand for electric vehicles is a primary driver for the growth of the electric vehicle fluids market. Electric vehicles, which run entirely or partially on electricity, store the electrical energy needed to power the motor in a battery pack. The rise in electric vehicle manufacturing and sales has, therefore, driven the demand for electric vehicle fluids-on account of fluid playing a key role in improving fuel efficiency and reducing vehicles’ carbon footprint. To provide perspective, Bloomberg New Energy Finance (BNEF) expects electric vehicles to constitute 10% of global passenger vehicle sales by 2025, indicating increased market growth.
The market is divided into the following segments:
1) By Product Type: Engine oil, Coolants, Transmission fluids, Greases
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
3) By EV Type: BEV, PHEV, HEV.
4) By Application: Driveline, Battery Coolant, Grease
To order your comprehensive report swiftly, visit the following link: https://www.thebusinessresearchcompany.com/report/electric-vehicle-fluids-global-market-report
Who Are The Key Players In The Electric Vehicle Fluids Market?
Major companies operating in the electric vehicle fluids market include Castrol Limited, ExxonMobil Corporation, Fuchs Petrolub SE, The Lubrizol Corporation, Petronas Nasional Bhd, Royal Dutch Shell plc, Gulf Oil, BP plc, ENEOS Corporation, PTT Public Company Limited, Repsol S.A, TotalEnergies SE, Valvoline Inc, Petro-Canada Lubricants Inc., Phillips 66 Company, Quaker Chemical Corporation, Sinopec Lubricant Company Limited, SK Lubricants Co. Ltd., Total Lubrifiants SA, Amalie Oil Company, AMSOIL INC., Bardahl Manufacturing Corporation, CHS INC., Chemtool Incorporated, Eni S.p.A., Houghton International Inc., JXTG Nippon Oil & Energy Corporation, Lubrication Engineers Inc.
What Are The Latest Trends In The Electric Vehicle Fluids Market?
A rising trend among companies operating in the electric vehicle fluids market is the development of innovative solutions such as performance fluids designed to enhance the longevity and efficiency of electric vehicle components. These specialized lubricants, coolants, and liquids significantly enhance the durability, efficiency, and overall performance of cars, including electric vehicles. One key instance is Valvoline Inc., a US-based retail automotive services company, which launched its EV Performance Fluids line in January 2023. This line is specially designed for electric vehicles and includes products like heat transfer fluids, drive system fluids, advanced brake fluids, and grease, all formulated to address the specific challenges faced by electric vehicles.
Where Is The Fastest Growth Expected In The Electric Vehicle Fluids Market?
Europe led the electric vehicle fluids market in 2024, with the Asia-Pacific region projected to be the fastest-growing throughout the forecast period. The regions encompassed in the electric vehicle fluids market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Electric Vehicle Fluids Market Report 2025 Offer?
The Electric Vehicle Fluids Market research report contains key data like global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Electric vehicle fluids play a crucial role in reducing energy losses in the drivetrain system and enhancing electric vehicle transmission efficiency furthermore, offering insulation that prevents arcing due to close contact with the vehicles’ electrical components. These fluids help in cooling e-motors and gears, provide insulation for electric current, and also extend the lifetime of each electric motor part and the mileage of the EVs by ensuring efficient performance.
To unlock untapped insights and exclusive content, please purchase the report at: https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5566
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
