Report: Valvoline, ExxonMobil Among Key Players in Growing Electric Vehicle Battery Coolant Market
As electric vehicle adoption grows, major players are beginning to emerge in the EV battery coolant market, according to a report from Coherent Market Insights.
The organization’s report, “Electric Vehicle Battery Coolant Market,” looks at the current competitive landscape, segmentation, geographical expansion, revenue, production, and consumption growth within the market for EV battery coolants.
Current Pace of Growth
Factors including increased demand for EV battery coolant products, a growing customer base, and technological advancements have contributed to this segment of auto care products growing.
CoherentMI valued the current EV battery coolant market at $2.12 billion, and expects it to grow to $2.74 billion by 2031, at a compound annual growth rate of 3.8%.
Key Players in EV Battery Coolant Products
The report goes over leading global EV battery coolant market players and manufacturers in order to give perspective on what competition exists in the market currently.
Based on its findings, CoherentMI included BASF SE, Valvoline Inc., ExxonMobil Corporation, Shell Group, and GS Caltexa among the biggest names in the EV battery coolant market right now.
