North America Electric Vehicle Fluids Market Report and Forecast 2025-2034
Description
The North America electric vehicle fluids market size reached approximately USD 383.84 Million in 2024. The market is further projected to grow at a CAGR of 21.80% between 2025 and 2034, reaching a value of USD 2758.18 Million by 2034.
Key Trends in the Market
Electric vehicle fluids responsible for cooling transmission systems and powertrains and stabilising the temperature of power and battery electronics. These fluids are also responsible for providing protection in case of flaring, which is usually caused when the EV components come in close contact.
The EMR’s report titled “North America Electric Vehicle Fluids Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Propulsion Type
Hybrid electric vehicles are anticipated to account for a North America electric vehicle fluids market share. Hybrid vehicles achieve higher fuel economy by combining rechargeable battery with a conventional engine, the rising concerns about energy security and climate change are bolstering the adoption of hybrid vehicles across North America. This increased adoption is propelling the demand for electric vehicle fluids as they enhance durability, minimise friction, boost performance, and increase efficiency of hybrid vehicles.
Market Share by Country
The United States is anticipated to witness significant growth in the coming years. This growth can be attributed to the strong presence of various key market players including Valvoline Inc. and Exxon Mobil Corp, among others in the country. The expansion of electric vehicles manufacturing startups in the country is further boosting the North America electric vehicle fluids market demand. These fluids allow the transmission system and engine to cool down, while maintain the temperature of power and battery electronics.
Competitive Landscape
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.
Shell Plc
Shell Plc, headquartered in London, United Kingdom, is an oil and gas company that is dedicated towards providing clean energy solutions to their customers. The company’s product portfolio includes LNG, lubricants, electric vehicle fluids, and natural gas, among others.
TotalEnergies SE
TotalEnergies SE is an oil and gas company that is dedicated towards the production of green gases and natural gas and oils and biofuels, among others. The company was founded in 1924 and is headquartered in Courbevoie, France.
Valvoline Inc.
Valvoline Inc. is involved in the production of preventive vehicle maintenance products including electric vehicle fluids, additives, lubricants, and automotive oils, among others. The company was founded in 1866 and is headquartered in Kentucky, United States.
Other North America electric vehicle fluids market key players include Exxon Mobil Corp., Castrol Ltd., Petroliam Nasional Berhad (PETRONAS), ENEOS Holdings, Inc., Afton Chemical, Repsol, S.A., and Gulf Oil International Limited, among others.
Key Trends in the Market
Electric vehicle fluids responsible for cooling transmission systems and powertrains and stabilising the temperature of power and battery electronics. These fluids are also responsible for providing protection in case of flaring, which is usually caused when the EV components come in close contact.
- The rising adoption of electric vehicles due to various economic and environmental benefits offered by them are supporting the North America electric vehicle fluids market growth. The increasing production of next generation electric vehicles is further boosting the product demand.
- The rising adoption of battery electric vehicles is aiding the market expansion. Battery electric vehicles require EV fluid as they cannot operate upon conventional fuel as it may cause corrosion of parts and viscosity issues, reducing the overall durability and performance of the vehicle.
- The growing investments towards vehicle maintenance are providing lucrative growth opportunities to the market. Electric vehicle fluids aid in cooling transmission systems and engines and also maintain the temperature of power electronics and batteries.
The EMR’s report titled “North America Electric Vehicle Fluids Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Propulsion Type
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- On-Highway Electric Vehicle
- Off-Highway Electric Vehicle
- First Fill
- Service Fill
- Coolants
- Engine Oils
- Transmission Fluids
- Greases
- Others
- United States of America
- Canada
Hybrid electric vehicles are anticipated to account for a North America electric vehicle fluids market share. Hybrid vehicles achieve higher fuel economy by combining rechargeable battery with a conventional engine, the rising concerns about energy security and climate change are bolstering the adoption of hybrid vehicles across North America. This increased adoption is propelling the demand for electric vehicle fluids as they enhance durability, minimise friction, boost performance, and increase efficiency of hybrid vehicles.
Market Share by Country
The United States is anticipated to witness significant growth in the coming years. This growth can be attributed to the strong presence of various key market players including Valvoline Inc. and Exxon Mobil Corp, among others in the country. The expansion of electric vehicles manufacturing startups in the country is further boosting the North America electric vehicle fluids market demand. These fluids allow the transmission system and engine to cool down, while maintain the temperature of power and battery electronics.
Competitive Landscape
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.
Shell Plc
Shell Plc, headquartered in London, United Kingdom, is an oil and gas company that is dedicated towards providing clean energy solutions to their customers. The company’s product portfolio includes LNG, lubricants, electric vehicle fluids, and natural gas, among others.
TotalEnergies SE
TotalEnergies SE is an oil and gas company that is dedicated towards the production of green gases and natural gas and oils and biofuels, among others. The company was founded in 1924 and is headquartered in Courbevoie, France.
Valvoline Inc.
Valvoline Inc. is involved in the production of preventive vehicle maintenance products including electric vehicle fluids, additives, lubricants, and automotive oils, among others. The company was founded in 1866 and is headquartered in Kentucky, United States.
Other North America electric vehicle fluids market key players include Exxon Mobil Corp., Castrol Ltd., Petroliam Nasional Berhad (PETRONAS), ENEOS Holdings, Inc., Afton Chemical, Repsol, S.A., and Gulf Oil International Limited, among others.
Table of Contents
152 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Electric Vehicle Fluids Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Electric Vehicle Fluids Historical Market (2018-2024)
- 5.3 Global Electric Vehicle Fluids Market Forecast (2025-2034)
- 5.4 Global XYZ Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Electric Vehicle Fluids Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Electric Vehicle Fluids Historical Market (2018-2024)
- 6.3 North America Electric Vehicle Fluids Market Forecast (2025-2034)
- 7 North America Electric Vehicle Fluids Market by Propulsion Type
- 7.1 Battery Electric Vehicle
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Hybrid Electric Vehicle
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Plug-In Hybrid Electric Vehicle
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 North America Electric Vehicle Fluids Market by Vehicle Type
- 8.1 On-Highway Electric Vehicle
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Off-Highway Electric Vehicle
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 North America Electric Vehicle Fluids Market by Fill Type
- 9.1 First Fill
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Service Fill
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 North America Electric Vehicle Fluids Market by Product Type
- 10.1 Coolants
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Engine Oils
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Transmission Fluids
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Greases
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 North America Electric Vehicle Fluids Market by Country
- 11.1 United States of America
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Canada
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 12 Market Dynamics
- 12.1 SWOT Analysis
- 12.1.1 Strengths
- 12.1.2 Weaknesses
- 12.1.3 Opportunities
- 12.1.4 Threats
- 12.2 Porter’s Five Forces Analysis
- 12.2.1 Supplier’s Power
- 12.2.2 Buyer’s Power
- 12.2.3 Threat of New Entrants
- 12.2.4 Degree of Rivalry
- 12.2.5 Threat of Substitutes
- 12.3 Key Indicators of Demand
- 12.4 Key Indicators of Price
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Shell Plc
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 TotalEnergies SE
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Valvoline Inc.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Exxon Mobil Corp.
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Castrol Ltd.
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Petroliam Nasional Berhad (PETRONAS)
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 ENEOS Holdings, Inc.
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Afton Chemical
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Repsol, S.A.
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Gulf Oil International Limited
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Others
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