North America Electric Vehicle (EV) Fluids Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The North American electric vehicle (EV) fluids market is segmented by product type (engine oil, coolant, transmission fluids, grease, and other product types), propulsion type (battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs), vehicle type (passenger vehicles, commercial vehicles, and other vehicle types), and geography (United States, Canada, and Mexico). The report offers market sizes and forecasts for electric vehicle (EV) fluids in North America in terms of revenue (USD million) for all the above segments.

North America Electric Vehicle (EV) Fluids Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Electric Vehicle (EV) Fluids Market Size

North America Electric Vehicle (EV) Fluids Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 20.00 %
Market Concentration Medium

Major Players

North America Electric Vehicle (EV) Fluids Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of North America Electric Vehicle (EV) Fluids Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

North America Electric Vehicle (EV) Fluids Market Analysis

The North America Electric Vehicle Fluids Market is expected to register a CAGR of greater than 20% during the forecast period.

The COVID-19 pandemic had a detrimental effect on the market as the demand for automobiles decreased substantially, thus decreasing the need for electric vehicles as well. However, the industry has picked up pace in the post-pandemic era and is expected to grow exponentially during the forecast period.

  • Due to their low carbon emissions and excellent energy efficiency, electric vehicles are becoming increasingly popular, which is one of the key factors propelling the market ahead.
  • The market being studied, however, is expected to be hampered by the initial high costs of electric vehicles compared to conventional petrol and diesel automobiles.
  • Nevertheless, government policies to raise awareness and encourage the usage of electric vehicles will probably present opportunities for the industry under study.
  • The United States accounted for the highest market share in the North American region and is expected to continue doing so in the forecast period.

North America Electric Vehicle (EV) Fluids Industry Overview

The North American electric vehicle (EV) fluids market is partially fragmented, with many players holding the majority share of the market. Some of the few players include (not in any particular order) Shell plc, Valvoline Global Operations, TotalEnergies, Exxon Mobil Corporation, and Petroliam Nasional Berhad (PETRONAS), among others.

North America Electric Vehicle (EV) Fluids Market Leaders

  1. Shell plc

  2. Valvoline Global Operations

  3. TotalEnergies

  4. Exxon Mobil Corporation

  5. Petroliam Nasional Berhad (PETRONAS)

  6. *Disclaimer: Major Players sorted in no particular order
North America Electric Vehicle (EV) Fluids Market Concentration
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North America Electric Vehicle (EV) Fluids Market News

  • July 2022: Afton Chemical completed a USD 70 million investment in its Sauget, Illinois Plant's Automatic Transmission Fluid (ATF) additive production facility which will help support the growing needs of oil marketers and original equipment manufacturers (OEMs) for next-generation developments in electric vehicle (EV) fluids, including hybrid and battery electric vehicles (HEVs, BEVs).
  • July 2022: Wakefield Canada Inc. announced the launch of Castrol ON, Castrol's new range of e-Fluids for electric mobility, including e-Greases, e-Thermal Fluids, and e-Transmission Fluids. The new Castrol ON range offers OEM partners and consumers a full range of advanced e-Fluids to meet the challenging technical demands of current and future electric vehicles.

Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Popularity due to Low Carbon Emission and High Energy Efficiency
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Initial High Costs of Electric Vehicles
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Product Type
    • 5.1.1 Engine Oil
    • 5.1.2 Coolant
    • 5.1.3 Transmission Fluids
    • 5.1.4 Greases
    • 5.1.5 Other Product Types
  • 5.2 Propulsion Type
    • 5.2.1 Battery Electric Vehicles (BEVs)
    • 5.2.2 Hybrid Electric Vehicles (HEVs)
    • 5.2.3 Plug-in Hybrid Electric Vehicles (PHEVs)
  • 5.3 Vehicle Type
    • 5.3.1 Passenger Vehicles
    • 5.3.2 Commercial Vehicles
    • 5.3.3 Other Vehicle Types
  • 5.4 Geography
    • 5.4.1 United States
    • 5.4.2 Canada
    • 5.4.3 Mexico

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) Analysis **/ Market Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Afton Chemical
    • 6.4.2 BP plc
    • 6.4.3 Castrol Limited
    • 6.4.4 ENEOS Corporation
    • 6.4.5 Exxon Mobil Corporation
    • 6.4.6 FUCHS
    • 6.4.7 Gulf Oil International Ltd
    • 6.4.8 Petroliam Nasional Berhad (PETRONAS)
    • 6.4.9 Repsol
    • 6.4.10 Shell plc
    • 6.4.11 TETRA Technologies, Inc.
    • 6.4.12 TotalEnegies
    • 6.4.13 Valvoline Global Operations
    • 6.4.14 Wakefield Canada, Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Government Policies to Raise Awareness Regarding Electric Vehicles
**Subject to Availability
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North America Electric Vehicle (EV) Fluids Industry Segmentation

Electric vehicle fluids are the range of fluids used in different vehicle components that are responsible for cooling the powertrain and transmission system while stabilizing the temperature of the battery and power electronics. Moreover, the EV fluids also carry out the function of heat transfer in the vehicles. The North American EV fluids market is segmented by product type, propulsion type, vehicle type, and geography. By product type, the market is segmented into the engine oil, coolant, transmission fluids, greases, and other product types. By propulsion type, the market is segmented into battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). By vehicle type, the market is segmented into passenger vehicles, commercial vehicles, and other vehicle types. The report also covers the market size and forecasts for the EV fluids market in three countries across the North American region. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Product Type Engine Oil
Coolant
Transmission Fluids
Greases
Other Product Types
Propulsion Type Battery Electric Vehicles (BEVs)
Hybrid Electric Vehicles (HEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Vehicle Type Passenger Vehicles
Commercial Vehicles
Other Vehicle Types
Geography United States
Canada
Mexico
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Frequently Asked Questions

What is the current North America Electric Vehicle (EV) Fluids Market size?

The North America Electric Vehicle (EV) Fluids Market is projected to register a CAGR of greater than 20% during the forecast period (2025-2030)

Who are the key players in North America Electric Vehicle (EV) Fluids Market?

Shell plc, Valvoline Global Operations, TotalEnergies, Exxon Mobil Corporation and Petroliam Nasional Berhad (PETRONAS) are the major companies operating in the North America Electric Vehicle (EV) Fluids Market.

What years does this North America Electric Vehicle (EV) Fluids Market cover?

The report covers the North America Electric Vehicle (EV) Fluids Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Electric Vehicle (EV) Fluids Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

North America Electric Vehicle (EV) Fluids Industry Report

Statistics for the 2025 North America Electric Vehicle (EV) Fluids market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Electric Vehicle (EV) Fluids analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.