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Global Electric Vehicle Fluid Lubricants Market Size, Share: By Type: Grease, Brake Fluid, Heat Transfer Fluid, Drive System Fluid; By Propulsion Type: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle; By Vehicle Type; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032

Global Electric Vehicle Fluid Lubricants Market Outlook

The global electric vehicle fluid lubricants market size reached approximately USD 1.28 billion in 2023. The market is further projected to grow at a CAGR of 20.5% between 2024 and 2032, reaching a value of USD 7.04 billion by 2032.

Key Trends in the Market

Electric vehicle fluid lubricants are formulated with the help of synthetics base oils, including esters and polyalphaolefins (PAOs). The high oxidative and thermal stability offered by the base oils makes them suitable for heavy loads in electric vehicle drivetrains and high temperatures.

The rising costs of fossil fuels is bolstering the adoption of electric vehicles and supporting the electric vehicle fluid lubricants market growth. These fluid lubricants increase the lifespan of the vehicles by reducing energy loss and enhancing EV transmission efficiency, bolstering product utilisation.

The increasing efforts of various governments to reduce carbon dioxide emissions and release of different pollutants generated with the utilisation of traditional fuel-based vehicles is providing lucrative growth opportunities to the market.

The growing awareness about the various advantages associated with the utilisation of the electric vehicle fluid lubricants is aiding the market expansion. The fluid enhances the durability of the engines, increases driving range, and has anti-corrosion properties.

Global Electric Vehicle Fluid Lubricants Market Analysis

On the basis of type, the market is segregated into grease, brake fluid, heat transfer fluid, and dive system fluid. Based on propulsion type, the market is classified into battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle.

On the basis of vehicle type, the market is divided into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Based on distribution channel, the market is bifurcated into OEM and aftermarket. On the basis of region, the electric vehicle fluid lubricants market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Castrol Limited

TotalEnergies SE

Shell PLC

Exxon Mobil Corporation

FUCHS SE

Valvoline Inc.

Repsol S.A.

Solvay SA

ENEOS Corporation

Idemitsu Kosan Co., Ltd.

Others

Market Share by Propulsion Type

Hybrid electric vehicles are anticipated to account for a significant electric vehicle fluid lubricants market share. The growing popularity of hybrid electric vehicles can be attributed to their ability to reduce carbon footprint and operational costs. These vehicles use electric vehicle fluid lubricants for maximising efficiency by providing sufficient protection and lubrication to the engine. The low viscosity of the fluids further supports smooth and efficient operations.

Market Share by Region

The growing requirement for electrical vehicles in Europe is boosting the electric vehicle fluid lubricants market demand. The increased utilisation of electric vehicle fluid lubricants in European countries can be attributed to the relatively higher prices of engine oils. The rising adoption of electric vehicles in Europe can also be attributed to various investments and government regulations, tax rebates, and subsidiaries, among others, propelling the requirement for electric vehicle flid lubricants.

Competitive Landscape

Castrol Limited is one of the leading providers of high-performance lubricants for aerospace, automotive, marine, and industrial applications. The company also specialises in plant-based oils and premium metalworking fluids and is headquartered in Berkshire, United Kingdom.

TotalEnergies SE is an integrated petroleum and energy company that was founded in 1924 and is headquartered in Courbevoie, France. The company is dedicated towards making energy solutions more accessible, reliable, cleaner, and affordable.

Shell PLC is a chemical manufacturing company that was founded in 1907 and is headquartered in London, United Kingdom. The company has expertise in refining, exploration, marketing, and production of natural gas and oil.

Other electric vehicle fluid lubricants market key players include Exxon Mobil Corporation, FUCHS SE, Valvoline Inc., Repsol S.A., Solvay SA, ENEOS Corporation, and Idemitsu Kosan Co., Ltd., among others.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Type Propulsion Type Vehicle Type Distribution Channel Region
Breakup by Type	Grease Brake Fluid Heat Transfer Fluid Drive System Fluid
Breakup by Propulsion Type	Battery Electric Vehicle Hybrid Electric Vehicle Plug-in Hybrid Electric Vehicle
Breakup by Vehicle Type	Passenger Vehicles Light Commercial Vehicles Heavy Commercial Vehicles
Breakup by Distribution Channel	OEM Aftermarket
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Castrol Limited TotalEnergies SE Shell PLC Exxon Mobil Corporation FUCHS SE Valvoline Inc. Repsol S.A. Solvay SA ENEOS Corporation Idemitsu Kosan Co., Ltd. Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Electric Vehicle Fluid Lubricants Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Electric Vehicle Fluid Lubricants Historical Market (2018-2023)
   8.3   Global Electric Vehicle Fluid Lubricants Market Forecast (2024-2032)
   8.4   Global Electric Vehicle Fluid Lubricants Market by Type
       8.4.1   Grease
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   Brake Fluid
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
       8.4.3   Heat Transfer Fluid
           8.4.3.1   Historical Trend (2018-2023)
           8.4.3.2   Forecast Trend (2024-2032)
       8.4.4   Drive System Fluid
           8.4.4.1   Historical Trend (2018-2023)
           8.4.4.2   Forecast Trend (2024-2032)
   8.5   Global Electric Vehicle Fluid Lubricants Market by Propulsion Type
       8.5.1   Battery Electric Vehicle
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   Hybrid Electric Vehicle
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
       8.5.3   Plug-in Hybrid Electric Vehicle
           8.5.3.1   Historical Trend (2018-2023)
           8.5.3.2   Forecast Trend (2024-2032)
   8.6   Global Electric Vehicle Fluid Lubricants Market by Vehicle Type
       8.6.1   Passenger Vehicles
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   Light Commercial Vehicles
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
       8.6.3   Heavy Commercial Vehicles
           8.6.3.1   Historical Trend (2018-2023)
           8.6.3.2   Forecast Trend (2024-2032)
   8.7   Global Electric Vehicle Fluid Lubricants Market by Distribution Channel
       8.7.1   OEM
           8.7.1.1   Historical Trend (2018-2023)
           8.7.1.2   Forecast Trend (2024-2032)
       8.7.2   Aftermarket
           8.7.2.1   Historical Trend (2018-2023)
           8.7.2.2   Forecast Trend (2024-2032)
   8.8   Global Electric Vehicle Fluid Lubricants Market by Region
       8.8.1   North America
           8.8.1.1   Historical Trend (2018-2023)
           8.8.1.2   Forecast Trend (2024-2032)
       8.8.2   Europe
           8.8.2.1   Historical Trend (2018-2023)
           8.8.2.2   Forecast Trend (2024-2032)
       8.8.3   Asia Pacific
           8.8.3.1   Historical Trend (2018-2023)
           8.8.3.2   Forecast Trend (2024-2032)
       8.8.4   Latin America
           8.8.4.1   Historical Trend (2018-2023)
           8.8.4.2   Forecast Trend (2024-2032)
       8.8.5   Middle East and Africa
           8.8.5.1   Historical Trend (2018-2023)
           8.8.5.2   Forecast Trend (2024-2032)
9   North America Electric Vehicle Fluid Lubricants Market Analysis
   9.1   United States of America
       9.1.1   Historical Trend (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Historical Trend (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
10   Europe Electric Vehicle Fluid Lubricants Market Analysis
   10.1   United Kingdom
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Historical Trend (2018-2023)
       10.3.2   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Historical Trend (2018-2023)
       10.4.2   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Electric Vehicle Fluid Lubricants Market Analysis
   11.1   China
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Historical Trend (2018-2023)
       11.4.2   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Historical Trend (2018-2023)
       11.5.2   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Electric Vehicle Fluid Lubricants Market Analysis
   12.1   Brazil
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Historical Trend (2018-2023)
       12.3.2   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Electric Vehicle Fluid Lubricants Market Analysis
   13.1   Saudi Arabia
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Historical Trend (2018-2023)
       13.3.2   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Historical Trend (2018-2023)
       13.4.2   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   Castrol Limited
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   TotalEnergies SE
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   Shell PLC
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   Exxon Mobil Corporation
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   FUCHS SE
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   Valvoline Inc.
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   Repsol S.A.
           15.2.7.1   Company Overview
           15.2.7.2   Product Portfolio
           15.2.7.3   Demographic Reach and Achievements
           15.2.7.4   Certifications
       15.2.8   Solvay SA
           15.2.8.1   Company Overview
           15.2.8.2   Product Portfolio
           15.2.8.3   Demographic Reach and Achievements
           15.2.8.4   Certifications
       15.2.9   ENEOS Corporation
           15.2.9.1   Company Overview
           15.2.9.2   Product Portfolio
           15.2.9.3   Demographic Reach and Achievements
           15.2.9.4   Certifications
       15.2.10   Idemitsu Kosan Co., Ltd.
           15.2.10.1   Company Overview
           15.2.10.2   Product Portfolio
           15.2.10.3   Demographic Reach and Achievements
           15.2.10.4   Certifications
       15.2.11   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Electric Vehicle Fluid Lubricants Market: Key Industry Highlights, 2018 and 2032
2.   Global Electric Vehicle Fluid Lubricants Historical Market: Breakup by Type (USD Billion), 2018-2023
3.   Global Electric Vehicle Fluid Lubricants Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.   Global Electric Vehicle Fluid Lubricants Historical Market: Breakup by Propulsion Type (USD Billion), 2018-2023
5.   Global Electric Vehicle Fluid Lubricants Market Forecast: Breakup by Propulsion Type (USD Billion), 2024-2032
6.   Global Electric Vehicle Fluid Lubricants Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7.   Global Electric Vehicle Fluid Lubricants Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8.   Global Electric Vehicle Fluid Lubricants Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9.   Global Electric Vehicle Fluid Lubricants Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10.   Global Electric Vehicle Fluid Lubricants Historical Market: Breakup by Region (USD Billion), 2018-2023
11.   Global Electric Vehicle Fluid Lubricants Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.   North America Electric Vehicle Fluid Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   North America Electric Vehicle Fluid Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Europe Electric Vehicle Fluid Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Europe Electric Vehicle Fluid Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Asia Pacific Electric Vehicle Fluid Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Asia Pacific Electric Vehicle Fluid Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Latin America Electric Vehicle Fluid Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Latin America Electric Vehicle Fluid Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Middle East and Africa Electric Vehicle Fluid Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
21.   Middle East and Africa Electric Vehicle Fluid Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.   Global Electric Vehicle Fluid Lubricants Market Structure

Key Questions Answered in the Report

What was the global electric vehicle fluid lubricants market value in 2023?

The market reached a value of approximately USD 1.28 billion in 2023.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 20.5% between 2024 and 2032.

What is the electric vehicle fluid lubricants market forecast for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 7.04 billion by 2032.

What are the major market drivers?

The major market drivers include increasing efforts of various governments to reduce carbon dioxide emissions and rising adoption of electric vehicles due to increasing cost of fossil fuels.

What are the key electric vehicle fluid lubricants market trends?

The key trends fuelling the growth of the market include growing awareness about the various advantages associated with the utilisation of the electric vehicle fluid lubricants and increasing adoption of hybrid electric vehicles.

What are the major regions in the market for electric vehicle fluid lubricants, according to the EMR report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the significant propulsion types?

The significant propulsion types include battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle.

Who are the key market players, according to the electric vehicle fluid lubricants market report?

The key players in the market are Castrol Limited, TotalEnergies SE, Shell PLC, Exxon Mobil Corporation, FUCHS SE, Valvoline Inc., Repsol S.A., Solvay SA, ENEOS Corporation, and Idemitsu Kosan Co., Ltd., among others.

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