Market Overview Of The Electric Vehicle Fluids Market

The Global Electric Vehicle Fluids Market Is Anticipated To Develop At A Significant Growth Rate Over The Analysis Period 2022-2028.

Electric vehicles are continuing to make major inroads into personal mobility. Even though sales of new EVs are increasing exponentially around the world – over a still-small base – they have had little impact on lubricant formulations. Mass-produced electrified vehicles have been on the market for a couple of decades, but the development of dedicated lubricants and fluids for them is just beginning to gain momentum. Since late 2018, only a couple of companies had introduced lubricants marketed specifically for electrified passenger cars. Fluids used for thermal management in EVs are designed to help regulate the temperature of the battery, electronics and the e-motor and windings. Electric vehicle fluids help remove excess heat from the engine motor and keep it cool. Hence, cool engines provide better fuel efficiency. Moreover, the usage of fluids to reduce heat maximizes the life of vehicles. The growing EV infrastructure attributed to the continuous efforts by governments and other major key players in the market has strengthened the expansion of the EV industry. As the EV industry grows, the demand for EV fluids is anticipated to increase over the forecasted period.

Market Dynamics And Factors Of The Electric Vehicle Fluids Market

Drivers:

• The Increase  In The Number Of Private And Commercial EV

Restraints:

• High Cost Of EV Can Hamper The Adoption Rate In Developing Nations

Opportunities:

• Designing Fluids For E-Motor, Grease, Battery Cooling, And Other Fluids

Challenges:

• Minimize The Overall Cost Of Fluids And Increase The Batteries Efficiency

Key Industry Developments In The Electric Vehicle Fluids Market

In October 2022, TotalEnergies and Valeo have announced a collaboration to develop an innovative method of cooling electric vehicle batteries using a new, very high-performance dielectric fluid. This innovation would not only improve the use of electric vehicles, but it would also reduce their carbon footprint.

COVID-19 Impact On The Electric Vehicle Fluids Market

COVID-19's effects have significantly altered the business environment for 2020 and had a detrimental effect on both production and sales across the board for the automobile industry. The COVID-19 epidemic caused a significant blow to the global economy. Global sales of electric vehicles were, on average, 15% lower in the first half of 2020 than in 2019. The growth of the Electric Vehicle Fluids business was adversely impacted by the drop in electric car sales. However, it is anticipated that future market acceptance would be favored by the economic recovery and governments gradually removing lockup restrictions.

Key Players For The Electric Vehicle Fluids Market

• Shell PLC
• ENEOS Corporation
• ExxonMobil Corporation
• BP Plc
• Petronas
• TotalEnergies SE
• Repsol S.A.
• FUCHS Petrolub AG
• Valvoline Inc. and Other Major Players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Product Type
 3.2 By Vehicle type
 3.3 By Propulsion Type

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Electric Vehicle Fluids Market by Product Type
 5.1 Electric Vehicle Fluids Market Overview Snapshot and Growth Engine
 5.2 Electric Vehicle Fluids Market Overview
 5.3 Engine oil
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Engine oil: Geographic Segmentation
 5.4 Coolants
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Coolants: Geographic Segmentation
 5.5 Transmission Fluids
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Transmission Fluids: Geographic Segmentation
 5.6 Greases
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Greases: Geographic Segmentation

Chapter 6: Electric Vehicle Fluids Market by Vehicle type
 6.1 Electric Vehicle Fluids Market Overview Snapshot and Growth Engine
 6.2 Electric Vehicle Fluids Market Overview
 6.3 Passenger Cars
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Passenger Cars: Geographic Segmentation
 6.4 Light & Heavy Commercial Vehicles
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Light & Heavy Commercial Vehicles: Geographic Segmentation

Chapter 7: Electric Vehicle Fluids Market by Propulsion Type
 7.1 Electric Vehicle Fluids Market Overview Snapshot and Growth Engine
 7.2 Electric Vehicle Fluids Market Overview
 7.3 PHEV
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 PHEV: Geographic Segmentation
 7.4 HEV
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 HEV: Geographic Segmentation
 7.5 BEV
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 BEV: Geographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Electric Vehicle Fluids Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Electric Vehicle Fluids Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Electric Vehicle Fluids Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 SHELL PLC
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 ENEOS CORPORATION
 8.4 EXXONMOBIL CORPORATION
 8.5 BP PLC
 8.6 PETRONAS
 8.7 TOTALENERGIES SE
 8.8 REPSOL S.A.
 8.9 FUCHS PETROLUB AG
 8.10 VALVOLINE INC.
 8.11 PTT
 8.12 OTHER MAJOR PLAYERS

Chapter 9: Global Electric Vehicle Fluids Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Product Type
  9.2.1 Engine oil
  9.2.2 Coolants
  9.2.3 Transmission Fluids
  9.2.4 Greases
 9.3 Historic and Forecasted Market Size By Vehicle type
  9.3.1 Passenger Cars
  9.3.2 Light & Heavy Commercial Vehicles
 9.4 Historic and Forecasted Market Size By Propulsion Type
  9.4.1 PHEV
  9.4.2 HEV
  9.4.3 BEV

Chapter 10: North America Electric Vehicle Fluids Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Product Type
  10.4.1 Engine oil
  10.4.2 Coolants
  10.4.3 Transmission Fluids
  10.4.4 Greases
 10.5 Historic and Forecasted Market Size By Vehicle type
  10.5.1 Passenger Cars
  10.5.2 Light & Heavy Commercial Vehicles
 10.6 Historic and Forecasted Market Size By Propulsion Type
  10.6.1 PHEV
  10.6.2 HEV
  10.6.3 BEV
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Electric Vehicle Fluids Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Product Type
  11.4.1 Engine oil
  11.4.2 Coolants
  11.4.3 Transmission Fluids
  11.4.4 Greases
 11.5 Historic and Forecasted Market Size By Vehicle type
  11.5.1 Passenger Cars
  11.5.2 Light & Heavy Commercial Vehicles
 11.6 Historic and Forecasted Market Size By Propulsion Type
  11.6.1 PHEV
  11.6.2 HEV
  11.6.3 BEV
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Electric Vehicle Fluids Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Product Type
  12.4.1 Engine oil
  12.4.2 Coolants
  12.4.3 Transmission Fluids
  12.4.4 Greases
 12.5 Historic and Forecasted Market Size By Vehicle type
  12.5.1 Passenger Cars
  12.5.2 Light & Heavy Commercial Vehicles
 12.6 Historic and Forecasted Market Size By Propulsion Type
  12.6.1 PHEV
  12.6.2 HEV
  12.6.3 BEV
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Electric Vehicle Fluids Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Product Type
  13.4.1 Engine oil
  13.4.2 Coolants
  13.4.3 Transmission Fluids
  13.4.4 Greases
 13.5 Historic and Forecasted Market Size By Vehicle type
  13.5.1 Passenger Cars
  13.5.2 Light & Heavy Commercial Vehicles
 13.6 Historic and Forecasted Market Size By Propulsion Type
  13.6.1 PHEV
  13.6.2 HEV
  13.6.3 BEV
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Electric Vehicle Fluids Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Product Type
  14.4.1 Engine oil
  14.4.2 Coolants
  14.4.3 Transmission Fluids
  14.4.4 Greases
 14.5 Historic and Forecasted Market Size By Vehicle type
  14.5.1 Passenger Cars
  14.5.2 Light & Heavy Commercial Vehicles
 14.6 Historic and Forecasted Market Size By Propulsion Type
  14.6.1 PHEV
  14.6.2 HEV
  14.6.3 BEV
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRIC VEHICLE FLUIDS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRIC VEHICLE FLUIDS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRIC VEHICLE FLUIDS MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRIC VEHICLE FLUIDS MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRIC VEHICLE FLUIDS MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRIC VEHICLE FLUIDS MARKET BY PRODUCT TYPE
TABLE 008. ENGINE OIL MARKET OVERVIEW (2016-2028)
TABLE 009. COOLANTS MARKET OVERVIEW (2016-2028)
TABLE 010. TRANSMISSION FLUIDS MARKET OVERVIEW (2016-2028)
TABLE 011. GREASES MARKET OVERVIEW (2016-2028)
TABLE 012. ELECTRIC VEHICLE FLUIDS MARKET BY VEHICLE TYPE
TABLE 013. PASSENGER CARS MARKET OVERVIEW (2016-2028)
TABLE 014. LIGHT & HEAVY COMMERCIAL VEHICLES MARKET OVERVIEW (2016-2028)
TABLE 015. ELECTRIC VEHICLE FLUIDS MARKET BY PROPULSION TYPE
TABLE 016. PHEV MARKET OVERVIEW (2016-2028)
TABLE 017. HEV MARKET OVERVIEW (2016-2028)
TABLE 018. BEV MARKET OVERVIEW (2016-2028)
TABLE 019. NORTH AMERICA ELECTRIC VEHICLE FLUIDS MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 020. NORTH AMERICA ELECTRIC VEHICLE FLUIDS MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 021. NORTH AMERICA ELECTRIC VEHICLE FLUIDS MARKET, BY PROPULSION TYPE (2016-2028)
TABLE 022. N ELECTRIC VEHICLE FLUIDS MARKET, BY COUNTRY (2016-2028)
TABLE 023. EUROPE ELECTRIC VEHICLE FLUIDS MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 024. EUROPE ELECTRIC VEHICLE FLUIDS MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 025. EUROPE ELECTRIC VEHICLE FLUIDS MARKET, BY PROPULSION TYPE (2016-2028)
TABLE 026. ELECTRIC VEHICLE FLUIDS MARKET, BY COUNTRY (2016-2028)
TABLE 027. ASIA PACIFIC ELECTRIC VEHICLE FLUIDS MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 028. ASIA PACIFIC ELECTRIC VEHICLE FLUIDS MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 029. ASIA PACIFIC ELECTRIC VEHICLE FLUIDS MARKET, BY PROPULSION TYPE (2016-2028)
TABLE 030. ELECTRIC VEHICLE FLUIDS MARKET, BY COUNTRY (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA ELECTRIC VEHICLE FLUIDS MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 032. MIDDLE EAST & AFRICA ELECTRIC VEHICLE FLUIDS MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA ELECTRIC VEHICLE FLUIDS MARKET, BY PROPULSION TYPE (2016-2028)
TABLE 034. ELECTRIC VEHICLE FLUIDS MARKET, BY COUNTRY (2016-2028)
TABLE 035. SOUTH AMERICA ELECTRIC VEHICLE FLUIDS MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 036. SOUTH AMERICA ELECTRIC VEHICLE FLUIDS MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 037. SOUTH AMERICA ELECTRIC VEHICLE FLUIDS MARKET, BY PROPULSION TYPE (2016-2028)
TABLE 038. ELECTRIC VEHICLE FLUIDS MARKET, BY COUNTRY (2016-2028)
TABLE 039. SHELL PLC: SNAPSHOT
TABLE 040. SHELL PLC: BUSINESS PERFORMANCE
TABLE 041. SHELL PLC: PRODUCT PORTFOLIO
TABLE 042. SHELL PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. ENEOS CORPORATION: SNAPSHOT
TABLE 043. ENEOS CORPORATION: BUSINESS PERFORMANCE
TABLE 044. ENEOS CORPORATION: PRODUCT PORTFOLIO
TABLE 045. ENEOS CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. EXXONMOBIL CORPORATION: SNAPSHOT
TABLE 046. EXXONMOBIL CORPORATION: BUSINESS PERFORMANCE
TABLE 047. EXXONMOBIL CORPORATION: PRODUCT PORTFOLIO
TABLE 048. EXXONMOBIL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. BP PLC: SNAPSHOT
TABLE 049. BP PLC: BUSINESS PERFORMANCE
TABLE 050. BP PLC: PRODUCT PORTFOLIO
TABLE 051. BP PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. PETRONAS: SNAPSHOT
TABLE 052. PETRONAS: BUSINESS PERFORMANCE
TABLE 053. PETRONAS: PRODUCT PORTFOLIO
TABLE 054. PETRONAS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. TOTALENERGIES SE: SNAPSHOT
TABLE 055. TOTALENERGIES SE: BUSINESS PERFORMANCE
TABLE 056. TOTALENERGIES SE: PRODUCT PORTFOLIO
TABLE 057. TOTALENERGIES SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. REPSOL S.A.: SNAPSHOT
TABLE 058. REPSOL S.A.: BUSINESS PERFORMANCE
TABLE 059. REPSOL S.A.: PRODUCT PORTFOLIO
TABLE 060. REPSOL S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. FUCHS PETROLUB AG: SNAPSHOT
TABLE 061. FUCHS PETROLUB AG: BUSINESS PERFORMANCE
TABLE 062. FUCHS PETROLUB AG: PRODUCT PORTFOLIO
TABLE 063. FUCHS PETROLUB AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. VALVOLINE INC.: SNAPSHOT
TABLE 064. VALVOLINE INC.: BUSINESS PERFORMANCE
TABLE 065. VALVOLINE INC.: PRODUCT PORTFOLIO
TABLE 066. VALVOLINE INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. PTT: SNAPSHOT
TABLE 067. PTT: BUSINESS PERFORMANCE
TABLE 068. PTT: PRODUCT PORTFOLIO
TABLE 069. PTT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 070. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 071. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 072. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRIC VEHICLE FLUIDS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRIC VEHICLE FLUIDS MARKET OVERVIEW BY PRODUCT TYPE
FIGURE 012. ENGINE OIL MARKET OVERVIEW (2016-2028)
FIGURE 013. COOLANTS MARKET OVERVIEW (2016-2028)
FIGURE 014. TRANSMISSION FLUIDS MARKET OVERVIEW (2016-2028)
FIGURE 015. GREASES MARKET OVERVIEW (2016-2028)
FIGURE 016. ELECTRIC VEHICLE FLUIDS MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 017. PASSENGER CARS MARKET OVERVIEW (2016-2028)
FIGURE 018. LIGHT & HEAVY COMMERCIAL VEHICLES MARKET OVERVIEW (2016-2028)
FIGURE 019. ELECTRIC VEHICLE FLUIDS MARKET OVERVIEW BY PROPULSION TYPE
FIGURE 020. PHEV MARKET OVERVIEW (2016-2028)
FIGURE 021. HEV MARKET OVERVIEW (2016-2028)
FIGURE 022. BEV MARKET OVERVIEW (2016-2028)
FIGURE 023. NORTH AMERICA ELECTRIC VEHICLE FLUIDS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. EUROPE ELECTRIC VEHICLE FLUIDS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. ASIA PACIFIC ELECTRIC VEHICLE FLUIDS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. MIDDLE EAST & AFRICA ELECTRIC VEHICLE FLUIDS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. SOUTH AMERICA ELECTRIC VEHICLE FLUIDS MARKET OVERVIEW BY COUNTRY (2016-2028)