Top Companies in E-Fluids Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
E-Fluids Market is projected to reach a value of USD 5.2 Billion by 2030 at a CAGR of 32.1% over the forecast period.
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Vantage Market Research has recently published a new report on the "E-Fluids Market” Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in the E-Fluids market. Some of the key statistics in the report highlight that Global Self-Healing Materials was valued at USD 0.7 Billion in 2022 and is projected to reach a value of USD 5.2 Billion by 2030 at a CAGR of 32.1% over the forecast period. The steep rise in the global E-Fluids market is attributed to rising demand from different end-user segments, including the aerospace, transport and automobile, research and development, building, and electronics industries.
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The E-Fluids market is dominated by well-known players like Royal Dutch Shell PLC, Exxon Mobil Corporation, BASF SE, TotalEnergies SE, Chevron Corporation, FUCHS PETROLUBS SE, BP PLC, Idemitsu Kosan Co. Ltd., to name a few. These market participants are also pursuing strategies like investments, partnerships, acquisitions, and mergers to increase their market dominance. Furthermore, businesses are investing in the creation of better services. They are also concentrating on keeping their prices reasonable.
Let’s Take a Look at the Top Market Players that are Captivating the E-Fluids Market
- Royal Dutch Shell PLC (Netherlands)
Headquartered in The Hague, Netherlands, Royal Dutch Shell is a global energy and petrochemicals company that operates in over 70 countries. The company has over 44,000 retail stations and 30 refineries worldwide, and employs around 86,000 people. In recent years, Shell has been investing heavily in renewable energy and electric vehicle infrastructure, including developing E-Fluids that enable faster charging of electric vehicles. In 2021, the company announced plans to increase its spending on renewable energy to $2-$3 billion per year by 2025. In 2020, Shell reported revenue of $180.5 billion.
- Exxon Mobil Corporation (United States)
Headquartered in Irving, Texas, USA, ExxonMobil is one of the largest oil and gas companies in the world, operating in over 200 countries. The company has over 50 refineries and chemical plants worldwide, and employs around 72,000 people. ExxonMobil is investing heavily in developing advanced E-Fluids that improve the performance and lifespan of electric vehicle batteries. In 2021, the company announced plans to invest $10 billion in lower-emission technologies by 2025. In 2020, ExxonMobil reported revenue of $181.5 billion.
- TotalEnergies SE (France)
Headquartered in Paris, France, TotalEnergies is a global energy company that operates in over 130 countries. The company has over 500 production sites and offices worldwide, and employs around 105,000 people. TotalEnergies has been investing in developing E-Fluids that are more environmentally friendly and has recently launched a new range of E-Fluids for electric vehicle batteries. In 2021, the company announced plans to invest $10 billion in renewable energy and electricity by 2030. In 2020, TotalEnergies reported revenue of $152.4 billion.
- BASF SE (Germany)
Headquartered in Ludwigshafen, Germany, BASF is one of the largest chemical companies in the world, operating in over 80 countries. The company has over 390 production sites and offices worldwide, and employs around 110,000 people. BASF has been developing E-Fluids that are more efficient and can extend the life of electric vehicle batteries. In 2021, the company announced plans to invest €200 million in expanding its battery materials production capacity in Europe. In 2020, BASF reported revenue of €59.1 billion.
- Chevron Corporation (United States)
Headquartered in San Ramon, California, USA, Chevron is a global energy company that operates in over 180 countries. The company has over 8,000 retail stations and 15 refineries worldwide, and employs around 48,000 people. Chevron is investing in developing E-Fluids that can improve the efficiency of electric vehicle batteries. In 2021, the company announced plans to invest $10 billion in lower-carbon technologies by 2028. In 2020, Chevron reported revenue of $94.7 billion.
- FUCHS PETROLUB SE (Germany)
Headquartered in Mannheim, Germany, FUCHS PETROLUB is a global lubricants and related specialties company that operates in over 100 countries. The company has over 100 production sites and offices worldwide, and employs around 6,000 people. FUCHS PETROLUB has been developing E-Fluids that can improve the efficiency of electric vehicle batteries and has recently launched a new range of E-Fluids with improved performance.
- Idemitsu Kosan Co. Ltd. (Japan)
Headquartered in Tokyo, Japan, Idemitsu Kosan is a leading oil and energy company that operates in over 80 countries. The company has over 30 offices and production sites worldwide, and employs around 7,500 people. Idemitsu Kosan has been investing in developing E-Fluids that can improve the performance and extend the life of electric vehicle batteries. In 2020, the company announced plans to build a new battery materials production plant in China to meet growing demand for electric vehicles. In 2020, Idemitsu Kosan reported revenue of JPY 1.5 trillion ($14.2 billion).
- BP PLC (United Kingdom)
Headquartered in London, UK, BP is a global oil and gas company that operates in over 70 countries. The company has over 18,700 retail stations and 14 refineries worldwide, and employs around 70,000 people. BP has been investing in developing advanced E-Fluids that can enhance the performance and lifespan of electric vehicle batteries. In 2021, the company announced plans to invest $3 billion in low-carbon energy by 2025. In 2020, BP reported revenue of $180.6 billion.
- Idemitsu Lubricants America Corporation (United States)
Headquartered in Houston, Texas, USA, Idemitsu Lubricants America Corporation is a leading manufacturer of high-performance lubricants and related specialties. The company has a manufacturing plant and a research and development center in Illinois, USA, and employs around 80 people. Idemitsu Lubricants America Corporation has been developing E-Fluids that can improve the performance and efficiency of electric vehicle batteries. In 2021, the company announced plans to expand its production capacity for electric vehicle lubricants to meet growing demand. Revenue details for the company are not publicly available.
- Valvoline Inc. (United States)
Headquartered in Lexington, Kentucky, USA, Valvoline Inc. is a leading provider of motor oil and related products and services. The company has over 200 quick-lube service centers and distribution centers in North America, Europe, and China, and employs around 6,000 people. Valvoline has been investing in developing E-Fluids that can improve the performance and efficiency of electric vehicle batteries. In 2021, the company announced plans to expand its electric vehicle fluid product line to meet growing demand. In 2020, Valvoline reported revenue of $2.2 billion.
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