Data Bridge Market Research analyses that the fluid and lubricant market for electric vehicle market was valued at USD 1,387.70 million in 2021 and is expected to reach USD 12,415.55 million by 2029, registering a CAGR of 31.51% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
A fluid and lubricant is a substance that is used to lessen friction. This fluid and lubricant are used in electric vehicles, mainly consisting of coolants and driveline fluids. Fluid and lubricants may not get more attention in the automotive sector, but they have a dynamic role to play in electric vehicles, with variabilities such as bio-lubricants, as well as mineral oil-based and nanotube-based lubricants.
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Some of the major players operating in the fluid and lubricant market for electric vehicle market are:
- Shell PLC. (U.K.)
- BP p.l.c. (U.K.)
- FUCHS (Germany)
- Petroliam Nasional Berhad (Patrons) (Malaysia)
- Lubrita Europe B.V (Europe)
- Liberty Lubricants (U.S.)
- China Petrochemical Corporation (China)
- TotalEnergies (France)
- ExxonMobil Corporation (U.S.)
- Phillips 66 Company (U.S.)
- Indian Oil Corporation Ltd. (India)
- Idemitsu Kosan Co.,Ltd. (Japan)
- Chevron Corporation (U.S.)
Global Fluid and Lubricant Market for Electric Vehicle Market Scope:
Global fluid and lubricant market for electric vehicle market is segmented based on product type, vehicle type, propulsion type, distribution channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Grease
- Heat Transfer Fluids
- Drive System Fluids
- Brake Fluids
Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Electric Motor Sports
Propulsion Type
- Battery Electric Vehicles (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicles (HEVs)
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Fluid and Lubricant Market for Electric Vehicle Regional Analysis/Insights:
The fluid and lubricant market for electric vehicle market is analysed and market size insights and trends are provided by country, product type, vehicle type, propulsion type, distribution channel and application as referenced above.
The countries covered in the fluid and lubricant market for electric vehicle market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific dominates the fluid and lubricant market for electric vehicle market in terms of market share due to the rising approval of electric vehicle in India. Also, the rising pollution levels in the major cities and the increasing requirement for electric vehicle fluids will likely boost the market growth in this region.
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