GLOBAL EV PERFORMANCE ADDITIVES MARKET

INTRODUCTION

 The performance additives of EVs contain a number of electric power components: the Electric Power Control Unit (EPCU), the battery, the on-board charger, and the motor All of them are necessary for converting the electricity in the battery into the kinetic force that propels the electric vehicle forward.

An Internal Combustion (IC) automobile faces a completely different challenge when it comes to the thermal management of EV Performance Additives.

EV batteries, in contrast to conventional IC engines, which only require a cooling circuit to lower the engine's temperature, must be controlled within a specific temperature range in order for the cells to function at their full potential.

A battery's capacity to store and conserve energy increases with its efficiency; extending the vehicle's range of travel. A battery instead of a gasoline tank and an electric motor instead of an internal combustion engine are features of electric vehicles (EVs).

A battery, an electric motor, a gasoline tank, and an internal combustion engine make up plug-in hybrid electric vehicles (PHEVs), which combine gasoline and electric vehicles.

GLOBAL EV PERFORMANCE ADDITIVES MARKETSIZE AND FORECAST

The EV Performance Additives accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

HiTEC 35701, the world's first EV performance additive designed for direct-cooled electric motors with multi-speed systems, has been added to Afton Chemical's eMobilty additive line.

This product is truly novel and provides key platform technology for battery electric vehicles. It has been rolled out early to OEM and oil marketer customers until 2020.

The importance of designing a fluid specifically for the application increases with the number of demands placed on a single lubricant. Direct cooling concepts are becoming increasingly popular as the electric vehicle market develops.

Direct cooling and multi-speed transmissions are on the rise, according to current trends. As a result, a product that can accommodate a variety of hardware architectures and is fully future-proof is needed.

The HiTEC 35701 ETF additive is intended for use in electric vehicle drives in passenger cars and commercial vehicles and is compatible with all eAxles, including wet multi-speed.

As a result, it is the first complete eAxle additive on the market, catering to OEMs' hardware requirements in a single product.

Engineers can add a shifting device for multi-speed because it strikes a balance between the electric motor's requirements and friction performance.Traditional transmission fluids are unable to meet the demands imposed by the electric motor and axle systems.

It improves core performance in gear and bearing protection while also meeting new requirements with excellent electrical properties before and after ageing, strong copper protection in liquid and vapour phase, and good oxidation prevention.The HiTEC 35701 ETF additive has carefully balanced performance, making it ready for the future.

COMPANY PROFILE

• HiTEC
• SI
• Clariant
• Infineum
• Cabot

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many EV Performance Additives are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global EV Performance Additives and key vendor selection criteria
3. Where is the EV Performance Additives manufactured? What is the average margin per unit?
4. Market share of Global EV Performance Additives market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global EV Performance Additives in-house
6. key predictions for next 5 years in Global EV Performance Additives market
7. Average B-2-B EV Performance Additives market price in all segments
8. Latest trends in EV Performance Additives market, by every market segment
9. The market size (both volume and value) of the EV Performance Additives market in 2023-2030 and every year in between?
10. Production breakup of EV Performance Additives market, by suppliers and their OEM relationship