The EV fluids market is entering a phase of transformation. Unlike traditional engine oils, EV fluids must align with a new set of vehicle requirements—durability, thermal efficiency, and environmental safety.

According to Stratview Research, the electric vehicle fluids market was estimated at USD 1.2 billion in 2023 and is likely to grow at a CAGR of 18.7% during 2024-2032 to reach USD 9.1 billion in 2032.

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One major trend is the shift toward bio-based and sustainable fluids. OEMs and regulators are pushing for environmentally friendly formulations that reduce lifecycle emissions. This opens the door for green chemistry innovations.

Extended drain intervals are also becoming the norm. Since EVs have fewer moving parts, fluids must remain effective over longer time spans, often exceeding 150,000 km. This necessitates high-performance additives and robust formulations.

Fluids for solid-state batteries and next-gen drivetrains are already under development. These will require new chemical properties, opening R&D opportunities for fluid specialists.

Another growing trend is co-development between OEMs and fluid companies. Rather than off-the-shelf solutions, OEMs are increasingly demanding fluids that are tailor-made to their battery pack and motor designs. This trend fosters long-term partnerships and exclusivity.

In short, the future of EV fluids is not just about lubrication—it’s about enabling thermal safety, energy efficiency, and sustainability for the vehicles of tomorrow.