Companies Dominating the Electric Vehicle Fluids Landscape:
- Castrol
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Exxon Mobil Corporation
- BP Plc
- Shell Plc
- FUCHS
- TotalEnergies
- Petroliam Nasional Berhad (PETRONAS)
- Saudi Arabian Oil Co.
- Repsol ENEOS Corp.
- Gulf Oil International Ltd.
The electric vehicle fluids market is dominated by key players like Castrol, Valvoline, Shell, and TotalEnergies, all investing heavily in specialized formulations for EV thermal management. These companies are leveraging strategic partnerships with automakers and launching EV-specific product lines to strengthen their market presence.
Here are some leading players in the electric vehicle fluids market:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
The electric vehicle fluids market sector was valued at USD 936.7 million in 2024 and is projected to expand at a profitable CAGR of 30% during the forecast period, i.e., 2025-2037.
The global electric vehicle fluids market registered a profitable valuation of USD 936.7 million in 2024 and is poised to reach USD 28.37 billion by 2037, expanding at a CAGR of 30% during the forecast period, i.e., 2025-2037.
The major players in the market are Exxon Mobil Corporation, BP Plc, Shell Plc, FUCHS, TotalEnergies, Petroliam Nasional Berhad (PETRONAS), Saudi Arabian Oil Co.and others.
By product, the engine oil segment is expected to hold the highest share of 58% by 2037 due to the increasing adoption of electric drivetrains.
Asia Pacific is expected to dominate with a 48% share through 2037 due to the region’s electrification policies and expanding EV manufacturing base.
