Global Fluid and Lubricants for Electric Vehicle Market Analysis

DELTA, British Columbia - Dec. 11, 2020 - PRLog -- The introduction of pioneering line of fluids by the rising demand for efficient electric and hybrid vehicles, growing demand for thermal management and immersive cooling and surging need for anti-corrosion properties in electric vehicle batteries are some of the factors anticipated to propel the growth of Global Fluid and Lubricants for Electric Vehicle market in the forecast period. Besides these, burgeoning inclination toward electric vehicle among countries such as China, US in order to curb the carbon emission, launch of E-Fluids by the market players to optimize electric vehicle performance along with introduction of various types of coolants and lubricants are expected to fuel the growth of the market in the forthcoming timeline.

According to MarkNtel Advisors' research report "Global Fluid and Lubricants for Electric Vehicle Market Analysis, 2020", the Global Fluid and Lubricants for Electric Vehicle market is anticipated to grow at a CAGR of around 17.5% during 2021-26F. Based on Distribution Channel, Aftermarket segment acquired the considerable market share in 2019. This is due to rising car ownership globally, burgeoning presence of market players and growing awareness among consumer regarding the use of lubricants to achieve better fuel economy and maintain vehicles and equipment efficiency.


"Global Fluid and Lubricants for Electric Vehicle Market Analysis, 2020" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Fluid and Lubricants for Electric Vehicle providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Get the sample pages of the market analysis: https://www.marknteladvisors.com/research-library/global-...

Asia-Pacific Exhibits Fastest Growth

Asia-Pacific is expected to register fastest growth over the forecast period in the Global Fluid and Lubricants for Electric Vehicle market in 2019. The growth of the region is attributed to rising adoption of electric vehicle in India due to rising pollution levels in the major cities, increasing demand for electric vehicle fluids, and burgeoning trend of autonomous driving. Besides these, snowballing demand for types of coolants and lubricants, escalating application areas for new fluids in an electric vehicle, along with increasing presence of giant market players are the factors anticipated to bolster the growth of the Fluid and Lubricants for Electric Vehicle Market in the forthcoming period as stated in MarkNtel Advisors' research report "Global Fluid and Lubricants for Electric Vehicle Market Analysis, 2020".