Report cover image

Global Electric Vehicle Battery Coolant Market Size Study, by Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles), Battery Type (Lead Acid Battery, Lithium Ion Battery, Others), and Regional Forecasts 2022-2032

Publisher Bizwit Research & Consulting
Published Jan 15, 2025
Length 285 Pages
SKU # BIZW19503042

Description

Global Electric Vehicle Battery Coolant Market Size Study, by Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles), Battery Type (Lead Acid Battery, Lithium Ion Battery, Others), and Regional Forecasts 2022-2032


The Global Electric Vehicle Battery Coolant Market is anticipated to expand from USD 2.02 billion in 2023 to USD 2.83 billion by 2032, registering a steady CAGR of 3.80% during the forecast period. Electric vehicle (EV) battery coolant systems have become an integral part of ensuring the optimal performance and longevity of EV batteries. These advanced solutions not only regulate battery temperature but also enhance energy efficiency, enabling manufacturers to meet the evolving needs of sustainable transportation.

The increasing adoption of electric vehicles, driven by stringent government regulations and rising environmental consciousness, has accelerated the demand for effective battery cooling technologies. Battery coolants, particularly designed for lithium-ion and lead-acid batteries, ensure consistent thermal management, mitigating the risks associated with overheating and enhancing overall battery life. The surge in hybrid and fully electric vehicle production further emphasizes the criticality of battery cooling systems, as they provide a seamless balance between performance and safety.

Despite the robust growth potential, the market faces challenges such as the high costs associated with advanced coolant systems and the complexity of integrating cooling mechanisms into compact battery packs. However, technological advancements, such as the development of eco-friendly and thermally efficient coolants, are anticipated to offset these challenges. Additionally, the growing inclination towards renewable energy sources and electrification in transportation presents significant opportunities for market expansion.

Regionally, Asia Pacific dominates the electric vehicle battery coolant market, supported by the rapid adoption of EVs in countries like China, Japan, and South Korea. The region benefits from strong government initiatives, extensive R&D investments, and a flourishing EV manufacturing ecosystem. Meanwhile, North America and Europe remain pivotal markets, driven by technological advancements and a shift towards sustainable mobility solutions. Emerging economies in Latin America and the Middle East & Africa are also gaining traction, attributed to increasing investments in clean energy and transportation infrastructure.

Major market players included in this report are:
• 3M Company
• BASF SE
• Shell plc
• Castrol Limited
• ExxonMobil Corporation
• Prestone Products Corporation
• TotalEnergies SE
• Valeo
• Covestro AG
• Mitsubishi Chemical Corporation
• LyondellBasell Industries N.V.
• Calsonic Kansei Corporation
• Clariant AG
• Dow Inc.
• Huntsman International LLC

The detailed segments and sub-segments of the market are explained below:

By Vehicle Type:
• Battery Electric Vehicles
• Hybrid Electric Vehicles

By Battery Type:
• Lead Acid Battery
• Lithium Ion Battery
• Others

By Region:

North America:
• U.S.
• Canada

Europe:
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific:
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America:
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa:
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approaches.
• Analysis of the competitive structure of the market.
• Demand-side and supply-side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

285 Pages
Chapter 1. Global Electric Vehicle Battery Coolant Market Executive Summary
1.1. Global Electric Vehicle Battery Coolant Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Vehicle Type
1.3.2. By Battery Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Electric Vehicle Battery Coolant Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Electric Vehicle Battery Coolant Market Dynamics
3.1. Market Drivers
3.1.1. Rising Adoption of Electric Vehicles
3.1.2. Advancements in Battery Technology
3.1.3. Supportive Government Policies and Incentives
3.2. Market Challenges
3.2.1. High Costs of Advanced Coolant Systems
3.2.2. Complexity in Integration with Compact Battery Packs
3.3. Market Opportunities
3.3.1. Development of Eco-Friendly and Thermally Efficient Coolants
3.3.2. Expansion into Emerging Markets
3.3.3. Innovation in Smart Cooling Technologies
Chapter 4. Global Electric Vehicle Battery Coolant Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Electric Vehicle Battery Coolant Market Size & Forecasts by Vehicle Type 2022-2032
5.1. Segment Dashboard
5.2. Global Electric Vehicle Battery Coolant Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Battery Electric Vehicles
5.2.2. Hybrid Electric Vehicles
Chapter 6. Global Electric Vehicle Battery Coolant Market Size & Forecasts by Battery Type 2022-2032
6.1. Segment Dashboard
6.2. Global Electric Vehicle Battery Coolant Market: Battery Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Lead Acid Battery
6.2.2. Lithium Ion Battery
6.2.3. Others
Chapter 7. Global Electric Vehicle Battery Coolant Market Size & Forecasts by Region 2022-2032
7.1. North America Electric Vehicle Battery Coolant Market
7.1.1. U.S. Electric Vehicle Battery Coolant Market
7.1.1.1. Vehicle Type Breakdown Size & Forecasts, 2022-2032
7.1.1.2. Battery Type Breakdown Size & Forecasts, 2022-2032
7.1.1.3. Other Segments Breakdown Size & Forecasts, 2022-2032
7.1.2. Canada Electric Vehicle Battery Coolant Market
7.2. Europe Electric Vehicle Battery Coolant Market
7.2.1. UK Electric Vehicle Battery Coolant Market
7.2.2. Germany Electric Vehicle Battery Coolant Market
7.2.3. France Electric Vehicle Battery Coolant Market
7.2.4. Spain Electric Vehicle Battery Coolant Market
7.2.5. Italy Electric Vehicle Battery Coolant Market
7.2.6. Rest of Europe Electric Vehicle Battery Coolant Market
7.3. Asia-Pacific Electric Vehicle Battery Coolant Market
7.3.1. China Electric Vehicle Battery Coolant Market
7.3.2. India Electric Vehicle Battery Coolant Market
7.3.3. Japan Electric Vehicle Battery Coolant Market
7.3.4. Australia Electric Vehicle Battery Coolant Market
7.3.5. South Korea Electric Vehicle Battery Coolant Market
7.3.6. Rest of Asia Pacific Electric Vehicle Battery Coolant Market
7.4. Latin America Electric Vehicle Battery Coolant Market
7.4.1. Brazil Electric Vehicle Battery Coolant Market
7.4.2. Mexico Electric Vehicle Battery Coolant Market
7.4.3. Rest of Latin America Electric Vehicle Battery Coolant Market
7.5. Middle East & Africa Electric Vehicle Battery Coolant Market
7.5.1. Saudi Arabia Electric Vehicle Battery Coolant Market
7.5.2. South Africa Electric Vehicle Battery Coolant Market
7.5.3. Rest of Middle East & Africa Electric Vehicle Battery Coolant Market
Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. 3M Company
8.1.2. BASF SE
8.1.3. Shell plc
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. 3M Company
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Market Strategies
8.3.2. BASF SE
8.3.3. Shell plc
8.3.4. Castrol Limited
8.3.5. ExxonMobil Corporation
8.3.6. Prestone Products Corporation
8.3.7. TotalEnergies SE
8.3.8. Valeo
8.3.9. Covestro AG
8.3.10. Mitsubishi Chemical Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
List of Tables
TABLE 1. Global Electric Vehicle Battery Coolant market, report scope
TABLE 2. Global Electric Vehicle Battery Coolant market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Electric Vehicle Battery Coolant market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
TABLE 4. Global Electric Vehicle Battery Coolant market estimates & forecasts by Battery Type 2022-2032 (USD Billion)
TABLE 5. Global Electric Vehicle Battery Coolant market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Electric Vehicle Battery Coolant market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Electric Vehicle Battery Coolant market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Electric Vehicle Battery Coolant market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Electric Vehicle Battery Coolant market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Electric Vehicle Battery Coolant market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Electric Vehicle Battery Coolant market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Electric Vehicle Battery Coolant market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Electric Vehicle Battery Coolant market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Electric Vehicle Battery Coolant market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Electric Vehicle Battery Coolant market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Electric Vehicle Battery Coolant market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
TABLE 17. U.S. Electric Vehicle Battery Coolant market estimates & forecasts by Battery Type 2022-2032 (USD Billion)
TABLE 18. Canada Electric Vehicle Battery Coolant market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Electric Vehicle Battery Coolant market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
TABLE 20. Canada Electric Vehicle Battery Coolant market estimates & forecasts by Battery Type 2022-2032 (USD Billion)
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.
List of Figures
FIG 1. Global Electric Vehicle Battery Coolant market, research methodology
FIG 2. Global Electric Vehicle Battery Coolant market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Electric Vehicle Battery Coolant market, key trends 2023
FIG 5. Global Electric Vehicle Battery Coolant market, growth prospects 2024-2032
FIG 6. Global Electric Vehicle Battery Coolant market, Porter’s 5 Force Model
FIG 7. Global Electric Vehicle Battery Coolant market, PESTEL analysis
FIG 8. Global Electric Vehicle Battery Coolant market, value chain analysis
FIG 9. Global Electric Vehicle Battery Coolant market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Electric Vehicle Battery Coolant market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Electric Vehicle Battery Coolant market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Electric Vehicle Battery Coolant market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Electric Vehicle Battery Coolant market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Electric Vehicle Battery Coolant market, regional snapshot 2022 & 2032
FIG 15. North America Electric Vehicle Battery Coolant market 2022 & 2032 (USD Billion)
FIG 16. Europe Electric Vehicle Battery Coolant market 2022 & 2032 (USD Billion)
FIG 17. Asia Pacific Electric Vehicle Battery Coolant market 2022 & 2032 (USD Billion)
FIG 18. Latin America Electric Vehicle Battery Coolant market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Electric Vehicle Battery Coolant market 2022 & 2032 (USD Billion)
FIG 20. Global Electric Vehicle Battery Coolant market, company market share analysis (2023)
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us