In 2022, drive system fluids was the largest fluids and lubricants market for electric vehicles (EV) in the Asia-Pacific region, with a demand of 14.8 million liters. Following the boom in the EV industry, the demand for EV drive system fluids was forecast to reach around 142 million liters in the region by 2031. In comparison, the demand for EV grease was projected to reach 25.5 million liters in the Asia-Pacific region in 2025.
Leading types of fluids and lubricants for electric vehicles (EV) in the Asia-Pacific region in 2022, with forecasts for 2026 and 2031
(in million liters)
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BIS Research. (June 1, 2023). Leading types of fluids and lubricants for electric vehicles (EV) in the Asia-Pacific region in 2022, with forecasts for 2026 and 2031 (in million liters) [Graph]. In Statista. Retrieved December 20, 2024, from https://www.statista.com/statistics/1400768/apac-leading-types-of-fluids-and-lubricants-for-ev/
BIS Research. "Leading types of fluids and lubricants for electric vehicles (EV) in the Asia-Pacific region in 2022, with forecasts for 2026 and 2031 (in million liters)." Chart. June 1, 2023. Statista. Accessed December 20, 2024. https://www.statista.com/statistics/1400768/apac-leading-types-of-fluids-and-lubricants-for-ev/
BIS Research. (2023). Leading types of fluids and lubricants for electric vehicles (EV) in the Asia-Pacific region in 2022, with forecasts for 2026 and 2031 (in million liters). Statista. Statista Inc.. Accessed: December 20, 2024. https://www.statista.com/statistics/1400768/apac-leading-types-of-fluids-and-lubricants-for-ev/
BIS Research. "Leading Types of Fluids and Lubricants for Electric Vehicles (Ev) in The Asia-pacific Region in 2022, with Forecasts for 2026 and 2031 (in Million Liters)." Statista, Statista Inc., 1 Jun 2023, https://www.statista.com/statistics/1400768/apac-leading-types-of-fluids-and-lubricants-for-ev/
BIS Research, Leading types of fluids and lubricants for electric vehicles (EV) in the Asia-Pacific region in 2022, with forecasts for 2026 and 2031 (in million liters) Statista, https://www.statista.com/statistics/1400768/apac-leading-types-of-fluids-and-lubricants-for-ev/ (last visited December 20, 2024)
Leading types of fluids and lubricants for electric vehicles (EV) in the Asia-Pacific region in 2022, with forecasts for 2026 and 2031 (in million liters) [Graph], BIS Research, June 1, 2023. [Online]. Available: https://www.statista.com/statistics/1400768/apac-leading-types-of-fluids-and-lubricants-for-ev/
