How Big Is the Electric Vehicle Fluids Market | Trends 2031

Q: How big is the electric vehicle fluids market?

The electric vehicle fluids market is projected to reach approximately USD 7.16 billion by 2031.

Q: What types of fluids are used in electric vehicles?

Key fluids include battery coolants, transmission fluids, brake fluids, and greases tailored to EV systems.

Q: What is the CAGR of the electric vehicle fluids market during the forecast period?

The electric vehicle fluids market is expected to grow at a CAGR of 19.8% during the forecast period.

Q: Which vehicle segments are driving EV fluid demand?

Passenger EVs are the largest segment, while commercial electric vehicles are emerging as a fast-growing category.

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Code: MTA5805

Publication Date: Jul 2025

How big is the electric vehicle fluids market?

According to 6Wresearch internal database and industry insights, the Global Electric Vehicle Fluids Market was valued at approximately USD 2.01 billion in 2024 and is projected to reach USD 7.16 billion by 2031, growing at a CAGR of 19.8% during the forecast period.

This rapid growth is attributed to the surging adoption of electric vehicles (EVs) worldwide, increasing focus on battery thermal management, and the need for specialized lubricants and coolants that support EV efficiency. The need for high-performance fluids is also being driven by improvements in EV drivetrain technology and an increase in EV manufacturing output.

Key Growth Factors of the Electric Vehicle Fluids Market

Rising worldwide EV production and sales volumes
Need for efficient battery cooling and extended component life
Technological evolution of e-mobility drivetrain systems
Government regulations promoting eco-friendly transport
Growing investments in EV infrastructure and OEM collaborations
Increasing demand for long-range and high-performance EVs

Electric Vehicle Fluids Market Trends

The market is seeing the emergence of next-generation fluids designed specifically for electric powertrains. Thermal management fluids are gaining traction, and manufacturers are focusing on dielectric properties to prevent short circuits. Synthetic EV fluids tailored to regional climatic conditions are becoming more popular. Sustainability is also driving the push toward biodegradable and long-lasting formulations.

Emerging Developments in the Electric Vehicle Fluids Market

Manufacturers are developing multi-functional fluids that combine lubrication, cooling, and dielectric properties. Research is ongoing into bio-based EV fluids to align with environmental goals. Smart fluids compatible with IoT-connected systems for real-time monitoring and predictive maintenance are also being tested. Fluid recycling and extended drain intervals are additional areas of innovation.