PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625469
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625469
The global electric vehicle battery coolant market size is expected to reach USD 2,891.37 million by 2034, according to a new study by Polaris Market Research. The report "Global Electric Vehicle Battery Coolant Market Size, Share, Trends, Industry Analysis Report: By Battery (Lead Acid Battery, Lithium Ion Battery, and Others); Coolant; Vehicle Type; and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025 - 2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The electric vehicle (EV) battery coolant market has emerged as a critical segment within the broader electric vehicle industry, driven by the rapid expansion of EV adoption and advancements in battery technology. The importance of efficient thermal management systems in electric vehicles becomes increasingly paramount as the global shift toward sustainable transportation accelerates. EV batteries generate substantial heat during operation, particularly during charging and discharging cycles. Effective thermal management is essential not only for optimizing battery performance and extending lifespan but also for ensuring the safety of the vehicle and its occupants. This necessity has led to an expanded market for specialized coolants designed to maintain optimal battery temperatures.
The EV battery coolant market is highly influenced by the automotive industry's growth in regions such as North America, Europe, and Asia Pacific. Europe has taken a leading role in EV adoption, with stringent emissions regulations and substantial government incentives driving the transition to electric mobility. The region's commitment to sustainability has spurred investments in research and development of advanced coolant technologies, propelling electric vehicle battery coolant market growth.
The lead acid batteries segment in the electric vehicle battery coolant market is expected to experience substantial growth over the forecast period due to its cost-effectiveness and established infrastructure.
The lithium-ion batteries segment dominated the electric vehicle battery coolant market in 2024 due to its superior energy density, lightweight characteristics, and longer lifespan compared to other battery types.
The battery electric vehicle segment accounted for a major market share in 2024 due to surging demand for zero-emission transportation solutions.
The hybrid electric vehicle segment is expected to witness substantial growth in the coming years owing to its ability to offer a compelling alternative for consumers who seek greater fuel efficiency.
In the global market, the Asia Pacific electric vehicle battery coolant market has the highest revenue share in 2024 due to the region's aggressive initiatives to promote electric mobility, including substantial government incentives and investments in charging infrastructure.
The market in North America is expected to expand at a significant CAGR during the projected period owing to the increasing emphasis on reducing greenhouse gas emissions and enhancing fuel efficiency.
The global key market players are BASF, Valvoline, Exxon Mobil Corporation, GS Caltex, Shell plc, Dober, VALEO, Veedol, Arteco, and CASTROL LIMITED.
Polaris Market Research has segmented the electric vehicle battery coolant market report based on battery, coolant, vehicle type, and region:
By Battery Outlook (Volume, Kilotons; Revenue, USD Million, 2020 - 2034)
Lead Acid Battery
Lithium Ion Battery
Other
By Coolant Outlook (Volume, Kilotons; Revenue, USD Million, 2020 - 2034)
Glycol-based
Water-based
By Vehicle Type Outlook (Volume, Kilotons; Revenue, USD Million, 2020 - 2034)
Battery Electric Vehicles
Hybrid Electric Vehicles
By Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2020 - 2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Table 1 Global Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 2 Global Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 3 Global Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 4 North America: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 5 North America: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 6 North America: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 7 U.S.: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 8 U.S.: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 9 U.S.: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 10 Canada: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 11 Canada: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 12 Canada: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 13 Europe: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 14 Europe: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 15 Europe: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 16 UK: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 17 UK: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 18 UK: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 19 France: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 20 France: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 21 France: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 22 Germany: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 23 Germany: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 24 Germany: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 25 Italy: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 26 Italy: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 27 Italy: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 28 Spain: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 29 Spain: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 30 Spain: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 31 Netherlands: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 32 Netherlands: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 33 Netherlands: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 34 Russia: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 35 Russia: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 36 Russia: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 37 Rest of Europe: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 38 Rest of Europe: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 39 Rest of Europe: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 40 Asia Pacific: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 41 Asia Pacific: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 42 Asia Pacific: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 43 China: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 44 China: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 45 China: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 46 India: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 47 India: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 48 India: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 49 Malaysia: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 50 Malaysia: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 51 Malaysia: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 52 Japan: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 53 Japan: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 54 Japan: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 55 Indonesia: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 56 Indonesia: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 57 Indonesia: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 58 South Korea: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 59 South Korea: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 60 South Korea: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 61 Australia: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 62 Australia: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 63 Australia: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 64 Rest of Asia Pacific: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 65 Rest of Asia Pacific: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 66 Rest of Asia Pacific: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 67 Middle East & Africa: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 68 Middle East & Africa: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 69 Middle East & Africa: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 70 Saudi Arabia: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 71 Saudi Arabia: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 72 Saudi Arabia: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 73 UAE: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 74 UAE: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 75 UAE: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 76 Israel: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 77 Israel: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 78 Israel: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 79 South Africa: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 80 South Africa: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 81 South Africa: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 82 Rest of Middle East & Africa: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 83 Rest of Middle East & Africa: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 84 Rest of Middle East & Africa: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 85 Latin America: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 86 Latin America: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 87 Latin America: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 88 Mexico: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 89 Mexico: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 90 Mexico: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 91 Brazil: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 92 Brazil: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 93 Brazil: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 94 Argentina: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 95 Argentina: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 96 Argentina: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
Table 97 Rest of Latin America: Electric Vehicle Battery Coolant Market, by Battery, 2020-2034 (USD Million)
Table 98 Rest of Latin America: Electric Vehicle Battery Coolant Market, by Coolant, 2020-2034 (USD Million)
Table 99 Rest of Latin America: Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2034 (USD Million)
List of Figures:
Figure 1. Global Electric Vehicle Battery Coolant Market, 2020-2034 (USD Million)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Price
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Battery
Figure 7. Global Electric Vehicle Battery Coolant Market, by Battery, 2024 & 2034 (USD Million)
Figure 8. Market by Coolant
Figure 9. Global Electric Vehicle Battery Coolant Market, by Coolant, 2024 & 2034 (USD Million)
Figure 10. Market by Vehicle Type
Figure 11. Global Electric Vehicle Battery Coolant Market, by Vehicle Type, 2024 & 2034 (USD Million)