The market is anticipated to grow at a CAGR of 18. 66% during the forecast period 2019 to 2029. The increasing application areas for new fluids in an electric vehicle have led to the surging demand for various types of coolants and lubricants.
New York, Aug. 28, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Fluids and Lubricants Market for Electric Vehicles - Global Product and Innovation Insights: Product and Innovation Focus - Analysis and Forecast, 2019-2029" - https://www.reportlinker.com/p05954315/?utm_source=GNW
Automotive OEMs have partnered with various fluid providers for sourcing fluids for their electric vehicles to improve the driving experience, which in turn, can increase the electric vehicle sales, which is expected to drive the market growth during the forecast period.
The competitive landscape of the fluids market for electric vehicles consists of different strategies undertaken by major players across the oil & gas and lubrication industry to gain market presence.Some of the strategies adopted by electric vehicle fluids manufacturers are new product launches, business expansions, and partnerships, and collaborations.
Among all the strategies adopted, new product launches are the leading choice of strategy implemented in the competitive landscape.ExxonMobil, Total, Shell, Castrol, Valvoline, and Lubrizol are some of the leading players in the global fluids market for electric vehicles.
Engineered Fluids, M&I Materials, and Dober are some of the emerging private companies which have remained in the limelight since last few years in the field of fluids market for electric vehicles.
• North America
• United States (U.S.)
• South America
• United Kingdom (U.K.)
• Middle East and Africa
• Asia-Pacific & Japan
• South Korea
Read the full report: https://www.reportlinker.com/p05954315/?utm_source=GNW
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