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South America Electric Vehicle Fluids Market Report and Forecast 2025-2034

Publisher Expert Market Research
Published Jun 30, 2025
Length 178 Pages
SKU # EMAR20154271

Description

The South America electric vehicle fluids market size reached approximately USD 76.77 Million in 2024. The market is further projected to grow at a CAGR of 22.00% between 2025 and 2034, reaching a value of USD 560.78 Million by 2034.

Key Trends in the Market

Electric vehicle fluids efficiently and effectively help in enhancing the performance of the electric vehicles and are specifically engineered for powertrains of electric vehicles. These fluids stabilise the temperature of power electronics and batteries and are also responsible for cooling transmission systems.
  • The rising efforts by various governments in the region to reduce emissions and promote green technologies by adopting commercial electric vehicles is supporting the South America electric vehicle fluids market growth.
  • The increasing awareness about the necessity of using electric vehicle fluids for ensuring the long life and smooth functioning of vehicles is supporting the market expansion. These fluids provide thermal management and proper lubrication and are essential for optimising energy efficiency.
  • The growing adoption of electric vehicles by the regional population owing to their relatively cost-efficient operational costs and rising environmental concerns is providing lucrative growth opportunities to the market. These fluids improve EV transmission efficiency and reduce energy losses.
South America Electric Vehicle Fluids Market Analysis

The EMR’s report titled “South 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
Market Breakup by Vehicle Type
  • On-Highway Electric Vehicle
  • Off-Highway Electric Vehicle
Market Breakup by Fill Type
  • First Fill
  • Service Fill
Market Breakup by Product Type
  • Coolants
  • Engine Oils
  • Transmission Fluids
  • Greases
  • Others
Market Breakup by Region
  • Brazil
  • Mexico
  • Argentina
  • Others
Market Share by Product Type

Engine oils are expected to account for a significant South America electric vehicle fluids market share. This growth can be attributed to the ability of the engine oils to reduce wear and minimise friction. Low levels of the oil in the vehicle can have negative effects upon its performance and reduce its lifespan. Clean oil ensures the prevention of sludge buildup, the buildup can clog the narrow oil passages of the engine.

Market Share by Country

Brazil is anticipated to witness significant growth over the coming years. This growth can be attributed to the increasing investments by various manufacturers in the region towards the development of electric vehicles and enhancement of electric vehicle fluids functioning. The imposition of movement restrictions on vehicles operating on traditional fuels are bolstering the adoption of electric vehicles and propelling the South America electric vehicle fluids market demand.

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.

Exxon Mobil Corp.

Exxon Mobil Corp., headquartered in Texas, United States, is a multinational oil and gas corporation that was founded in 1882. The company specialises in chemical, oil and gas, and petroleum, among others.

Castrol Ltd.

Castrol Ltd. is known for providing high performance electric vehicle fluids and lubricants for industrial, aerospace, marine, and automotive sectors. The company was founded in 1899 and is headquartered in Berkshire, United Kingdom.

Petroliam Nasional Berhad (PETRONAS)

Petroliam Nasional Berhad (PETRONAS) is one of the leading global energy companies that is committed towards powering the progress of the society in a sustainable and responsible manner. The company was founded in 1974 and is headquartered in Kuala Lumpur, Malaysia.

Other South America electric vehicle fluids market key players include Shell Plc, TotalEnergies SE, Valvoline Inc., ENEOS Holdings, Inc., Afton Chemical, Repsol, S.A., and The Lubrizol Corporation, among others.

Table of Contents

178 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)
6 South America Electric Vehicle Fluids Market Overview
6.1 Key Industry Highlights
6.2 South America Electric Vehicle Fluids Historical Market (2018-2024)
6.3 South America Electric Vehicle Fluids Market Forecast (2025-2034)
7 South 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 South 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 South 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 South 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 South America Electric Vehicle Fluids Market by Country
11.1 Brazil
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Mexico
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
11.3 Argentina
11.3.1 Historical Trend (2018-2024)
11.3.2 Forecast Trend (2025-2034)
11.4 Others
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 The Lubrizol Corporation
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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