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PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1208362

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PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1208362

E-Fluids Market Size- By Product Type, By Vehicle Type, By Propulsion, By Fill Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

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Global E-Fluids Market Overview

According to SPER Market Research, the Global E-Fluids Market is estimated to reach USD 15.13 billion by 2032 with a CAGR of 31.42%.

The fall in sales of internal combustion engine (ICE) vehicles is having a significant influence on the incredibly profitable automotive oils, fluids, and lubricants business. Demand for conventional lubricants and hydraulic fluids has sharply decreased, forcing the lubricant business and its aftermarket to scramble to diversify their sources of income. However, before you start writing their tombstone, keep in mind that electrified vehicles, including hybrid, electric, and fuel cell-powered ones, are growing in popularity as a potent new source of energy. A significant portion of new car sales are expected to be electric versions. To capitalize on this trend, the lubricants industry is diversifying into e-fluids that promise to enhance the performance, range, and durability of electric vehicles (EVs). Even if e-fluids' financial situation improves, not all participants or products will benefit from this success. As there are more electric vehicles on the road, it is projected that the market for their fluids will grow. The electricity required to run the motor of an electric car is stored in a battery pack. The fluids utilized in the engines of electric vehicles' motors have the ability to dissipate heat. Therefore, an engine that is cool increases efficiency. Fluids can also be utilized to regulate temperature in order to increase the lifespan of a vehicle.

Impact of COVID-19 on the Global E-Fluids Market

The world has seen unheard-of health issues as well as economic, social, and political turmoil since the COVID-19 (C-19) pandemic. The global community is presently analyzing a wide range of perspectives on the immediate effects of C-19 on every sector. Prior to the financial crisis, sales of electric cars (EVs) were increasing, with China and other developed nations in Europe and North America taking the lead. There are now regulatory systems in place that call for large carbon reductions. In order to encourage individuals to transition to EVs in the first stages of their expansion, governments have generously offered financial support and incentives. Apart from China and Europe, the global market for electric vehicles changed as consumers sought inexpensive items in the wake of the COVID-19 outbreak. The production of conventional vehicles was subsequently revived as a result. Manufacturers' investment and production choices were influenced by the potential shift in consumer preferences. In the end, the restart of production levels for both conventional and electric vehicles depended heavily on the recovery of demand, the activation of supply chains, and the availability of labor. Electric vehicle production in India has slowed down (EVs). While BS-VI car production was further hampered by restrictions on Chinese components, they concentrated on reviving demand at the same time. Short-term demand for EVs was tempered by lower discretionary income and a trend toward money saving.

Scope of the Report:

Report Metric Details

  • Market size available for years: 2019-2032
  • Base year considered: 2021
  • Forecast period: 2022-2032
  • Segments covered: By Product Type, By Vehicle Type, By Propulsion, By Fill Type
  • Regions covered: Asia Pacific, Europe, Middle East and Africa, North America, Latin America
  • Companies Covered: BP Plc., ENEOS Corp., ExxonMobil Corporation, FUCHS Petrolub AG, Petronas, PTT, Repsol S.A., Royal Dutch Shell Plc, TotalEnergies SE, Valvoline Inc.

Global E-Fluids Market Segmentation:

  • By Product Type: Based on the Product Type, Global E-Fluids Market is segmented as; Brake Fluid, Coolants, Greases, Transmission Fluids.
  • By Vehicle Type: Based on the Vehicle Type, Global E-Fluids Market is segmented as; Off-highway Vehicle, On-highway Vehicle.
  • By Propulsion: Based on the Propulsion, Global E-Fluids Market is segmented as; Battery EV, Hybrid EV.
  • By Fill Type: Based on the Fill Type, Global E-Fluids Market is segmented as; First Fill, Service Fill.
  • By Region: The region leading the market is Asia-Pacific. To strengthen the region's electric car and electric vehicle component supply chain, the regional government has introduced incentives for the auto industry, battery and fluid providers, and supporting industries. The European governments have undertaken a number of projects, including the European battery alliance, Charge anywhere, Wireless charging for electric vehicles, etc.
Product Code: CHEM2302

Table of Contents

1. Introduction

  • 1.1. Scope of the report
  • 1.2. Market segment analysis

2. Research Methodology

  • 2.1 Research data source
    • 2.1.1 Secondary data
    • 2.1.2 Primary data
    • 2.1.3 SPER's internal database
    • 2.1.4 Premium insight from KOL's
  • 2.2 Market size estimation
    • 2.2.1 Top-down and Bottom-up approach
  • 2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

  • 4.1. Driver, Restraint, Opportunity and Challenges analysis
    • 4.1.1 Drivers
    • 4.1.2 Restraints
    • 4.1.3 Opportunities
    • 4.1.4 Challenges
  • 4.2. COVID-19 Impacts of the Global E-Fluids Market

5. Market variables and outlook

  • 5.1. SWOT analysis
    • 5.1.1 Strengths
    • 5.1.2 Weaknesses
    • 5.1.3 Opportunities
    • 5.1.4 Threats
  • 5.2. PESTEL analysis
    • 5.2.1 Political landscape
    • 5.2.2 Economic landscape
    • 5.2.3 Social landscape
    • 5.2.4 Technological landscape
    • 5.2.5 Environmental landscape
    • 5.2.6 Legal landscape
  • 5.3. PORTER'S five forces analysis
    • 5.3.1 Bargaining power of suppliers
    • 5.3.2 Bargaining power of Buyers
    • 5.3.3 Threat of Substitute
    • 5.3.4 Threat of new entrant
    • 5.3.5 Competitive rivalry
  • 5.4. Heat map analysis

6. Competitive Landscape

  • 6.1 Global E-Fluids Manufacturing Base Distribution, Sales Area, Product Type
  • 6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global E-Fluids Market

7. Global E-Fluids Market, By Product Type, 2019-2032 (USD Million)

  • 7.1 Brake Fluid
  • 7.2 Coolants
  • 7.3 Greases
  • 7.4 Transmission Fluids

8. Global E-Fluids Market, By Vehicle Type, 2019-2032 (USD Million)

  • 8.1 Off-highway Vehicle
  • 8.2 On-highway Vehicle

9. Global E-Fluids Market, By Propulsion, 2019-2032 (USD Million)

  • 9.1 Battery EV
  • 9.2 Hybrid EV

10. Global E-Fluids Market, By Fill Type, 2019-2032 (USD Million)

  • 10.1 First Fill
  • 10.2 Service Fill

11. Global E-Fluids Market, By Region, 2019-2032 (USD Million)

  • 11.1 Global E-Fluids Size and Market Share by Region (2019-2025)
  • 11.2 Global E-Fluids Size and Market Share by Region (2026-2032)
  • 11.3 Asia-Pacific
    • 11.3.1 Australia
    • 11.3.2 China
    • 11.3.3 India
    • 11.3.4 Japan
    • 11.3.5 South Korea
    • 11.3.6 Rest of Asia-Pacific
  • 11.4 Europe
    • 11.4.1 France
    • 11.4.2 Germany
    • 11.4.3 Italy
    • 11.4.4 Spain
    • 11.4.5 United Kingdom
    • 11.4.6 Rest of Europe
  • 11.5 Middle East & Africa
    • 11.5.1 Kingdom of Saudi Arabia
    • 11.5.2 United Arab Emirates
    • 11.5.3 Rest of Middle East & Africa
  • 11.6 North America
    • 11.6.1 Canada
    • 11.6.2 Mexico
    • 11.6.3 United States
  • 11.7 Latin America
    • 11.7.1 Argentina
    • 11.7.2 Brazil
    • 11.7.3 Rest of Latin America

12. Company Profiles

  • 12.1 BP Plc.
    • 12.1.1 Company details
    • 12.1.2 Financial outlook
    • 12.1.3 Product summary
    • 12.1.4 Recent developments
  • 12.2 ENEOS Corp.
    • 12.2.1 Company details
    • 12.2.2 Financial outlook
    • 12.2.3 Product summary
    • 12.2.4 Recent developments
  • 12.3 ExxonMobil Corporation
    • 12.3.1 Company details
    • 12.3.2 Financial outlook
    • 12.3.3 Product summary
    • 12.3.4 Recent developments
  • 12.4 FUCHS Petrolub AG
    • 12.4.1 Company details
    • 12.4.2 Financial outlook
    • 12.4.3 Product summary
    • 12.4.4 Recent developments
  • 12.5 Petronas
    • 12.5.1 Company details
    • 12.5.2 Financial outlook
    • 12.5.3 Product summary
    • 12.5.4 Recent developments
  • 12.6 PTT
    • 12.6.1 Company details
    • 12.6.2 Financial outlook
    • 12.6.3 Product summary
    • 12.6.4 Recent developments
  • 12.7 Repsol S.A.
    • 12.7.1 Company details
    • 12.7.2 Financial outlook
    • 12.7.3 Product summary
    • 12.7.4 Recent developments
  • 12.8 Royal Dutch Shell Plc
    • 12.8.1 Company details
    • 12.8.2 Financial outlook
    • 12.8.3 Product summary
    • 12.8.4 Recent developments
  • 12.9 TotalEnergies SE
    • 12.9.1 Company details
    • 12.9.2 Financial outlook
    • 12.9.3 Product summary
    • 12.9.4 Recent developments
  • 12.10 Valvoline Inc.
    • 12.10.1 Company details
    • 12.10.2 Financial outlook
    • 12.10.3 Product summary
    • 12.10.4 Recent developments

13. List of Abbreviations

14. Reference Links

15. Conclusion

16. Research Scope

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