Top 30 Companies in Global Transmission Fluids Market (2025–2035): Competitive Analysis And Forecast
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Transmission Fluids Market Size is projected to Grow from USD 3.85 Billion in 2024 to USD 6.05 Billion by 2035, at a CAGR of 4.19% during the forecast period 2025–2035. The market for transmission fluids is in greater demand due to several factors, including rising vehicle production and ownership, fuel efficiency and emissions regulations, and technological advancements in fluid formulations.
Introduction
The global Transmission Fluids market Size is a vital segment of the automotive lubricants industry, driven by advancements in vehicle technology and the growing demand for efficient mobility solutions. Transmission fluids are specialized lubricants used in manual, automatic, continuously variable (CVT), and dual-clutch transmissions to ensure smooth gear shifts, minimize friction, provide cooling, and extend the lifespan of transmission systems. They play an essential role in enhancing vehicle performance, improving fuel efficiency, and meeting stringent emission regulations. The rising global vehicle industry, increased usage of automated and hybrid cars, and heightened customer demand for driving comfort all contribute to market expansion. Furthermore, technical advances such as synthetic and low-viscosity fluids are altering the sector by providing greater thermal stability and energy efficiency. Emerging potential includes the development of e-fluids designed for electric and hybrid cars, which meet heat management and lubrication requirements in sophisticated drivetrains. The clear brine fluids market primarily supports the oil and gas sector, whereas the brake fluids market concentrates on maintaining hydraulic brake efficiency and vehicle safety, complementing the larger automotive fluids industry.
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Transmission Fluids Market Size & Statistics
- The Market Size for Transmission Fluids Was Estimated to be worth USD 3.85 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 4.19% between 2025 and 2035.
- The Global Transmission Fluids Market Size is anticipated to reach USD 6.05 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Transmission Fluids Market
- North America is expected to grow the fastest during the forecast period in the Transmission Fluids Market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the transmission fluids market. North America is expected to grow the fastest in the transmission fluids market due to rising adoption of advanced automatic and hybrid vehicles, stringent fuel efficiency and emission regulations, strong automotive manufacturing base, and growing demand for high-performance synthetic fluids.
Asia Pacific is expected to generate the highest demand during the forecast period in the transmission fluids market. Asia Pacific is expected to generate the highest demand in the transmission fluids market due to rapid vehicle production, expanding automotive infrastructure, rising disposable incomes, and increasing consumer preference for automatic and hybrid vehicles in countries like China, India, and Japan.
Top 10 Trends in the Transmission Fluids Market
- Rise of Electric and Hybrid Vehicles
- Demand for Sustainable Fluids
- Advanced Fluid Formulations
- Ultra-Low Viscosity Fluids
- Growth in Synthetic Base Oils
- Increasing Vehicle Longevity and Aftermarket Growth
- Technological Advancements in Lubricant Formulation
- Focus on High-Performance Applications
- Demand in Emerging Markets
- OEM Factory-Fill Trends
1. Rise of Electric and Hybrid Vehicles
The rising popularity of electric (EV) and hybrid vehicles is driving demand for specialist transmission fluids, sometimes known as e-fluids. These fluids are designed to offer optimal lubrication, thermal management, and dielectric qualities for high-torque electric drivetrains. As EV manufacturing ramps up, manufacturers are spending in R&D to produce fluids specifically designed for electric and hybrid systems, creating new market development potential.
2. Demand for Sustainable Fluids
Environmental concerns and higher emission laws are propelling the development of environmentally friendly transmission fluids. Manufacturers are concentrating on biodegradable, low-toxicity formulations that decrease environmental impact while retaining performance, in line with global sustainability goals and customer demand for greener automotive solutions.
3. Advanced Fluid Formulations
Automotive OEMs are increasingly promoting high-performance synthetic fluids that have better thermal stability, oxidation resistance, and frictional qualities. These upgraded formulas provide smoother gear changes, more economy, longer drain intervals, and improved protection for current automatic, CVT, and dual-clutch transmissions.
4. Ultra-Low Viscosity Fluids
Ultra-low viscosity transmission fluids are gaining popularity since they decrease energy losses, enhance fuel efficiency, and fulfill strict CO2 emission rules. These fluids are ideal for next-generation automobiles, which demand great economy and optimal driveline performance.
5. Growth in Synthetic Base Oils
Synthetic base oils are becoming the preferred option for transmission fluids due to their greater lubrication, heat resistance, and longer service life as compared to conventional mineral oils. The transition to synthetic formulations is driven by performance demands, durability requirements, and the necessity to support new transmission technology in current automobiles.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the transmission fluids market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Transmission Fluids Market
- BASF SE
- Chevron Corporation
- Exxon Mobil Corporation
- Royal Dutch Shell plc
- bp p.l.c.
- TotalEnergies SE
- LUKOIL
- Petroliam Nasional Berhad
- The Lubrizol Corporation
- FUCHS
- Amsoil, Inc.
- Pennzoil
- Valvoline LLC
- PetroChina Company Limited
- Phillips 66 Company
- Calumet Branded Products, LLC
- Evonik Industries AG
- Sinopec
- Afton Chemical
- Idemitsu Kosan Co., Ltd.
- Millers Oils Ltd.
- Amalie Oil Co.
- Motul
- Infineum International Limited
- Amsoil, Inc.
1. BASF SE
Headquarters: Ludwigshafen, Germany
BASF, based in Ludwigshafen, Germany, has around 350 manufacturing sites in over 80 countries, including six integrated Verbund facilities. The firm is a global leader in chemicals and specialist solutions, with a particular emphasis on the automobile industry. In the transmission fluids industry, BASF offers a diverse variety of additives and specialized compounds that enhance lubricant performance, thermal stability, and wear prevention. These items improve the efficiency and longevity of transmission systems in both standard and sophisticated automobiles. BASF contributes significantly to technical breakthroughs in the automotive fluids market by promoting synthetic and high-performance fluid solutions.
2. Chevron Corporation
Headquarters: Houston, Texas, USA
Chevron is headquartered in Houston, Texas, and has operations in over 180 countries. The corporation is a key participant in the energy and lubricants industries, selling a wide variety of automotive fluids under trademarks including Havoline and Delo. Chevron produces high-performance transmission fluids that enable smooth gear changes, decrease friction, and offer thermal stability for current manual, automatic, and sophisticated gearboxes. Their products serve both OEM and aftermarket markets, promoting fuel economy and long-term reliability. Chevron's global presence and commitment to innovation make it a significant contributor to the automotive fluids market.
3. EXXON MOBIL CORPORATION
Headquarters: Irving, Texas, USA
ExxonMobil, based in Irving, Texas, operates in more than 200 nations and territories. Through its Mobil brand, the firm offers a diverse range of vehicle lubricants, including high-performance transmission fluids. These fluids are designed to provide superior wear protection, temperature stability, and friction management for both conventional and hybrid/electric drivetrains. ExxonMobil's products are utilized in both OEM and aftermarket applications, ensuring smooth operation, fuel economy, and transmission longevity. With its significant global footprint and attention on innovation, ExxonMobil plays a critical role in increasing the performance and reliability of automobile transmission fluids globally.
4. Royal Dutch Shell plc
Headquarters: The Hague, Netherlands
Shell, based in The Hague, Netherlands, operates in more than 70 countries throughout the world. The firm is a prominent provider of automotive lubricants, including innovative transmission fluids that improve fuel efficiency, minimize wear, and enable smooth gear performance. Shell's transmission fluids are suitable for a broad range of cars, including automatic, manual, and continuously variable gearboxes. Shell delivers maximum thermal stability and endurance for contemporary drivetrains with the use of innovative additive technologies. Shell's dedication to research and sustainability, along with a strong worldwide distribution network, makes it a significant player pushing innovation in the transmission fluids sector.
5. Bp p.l.c.
Headquarters: London, United Kingdom
bp is based in London, United Kingdom, and operates in over 70 countries throughout the world. BP offers a wide selection of automotive lubricants under the Castrol brand, including transmission fluids developed to suit the performance needs of current automobiles. Their products provide smooth gear changes, increased fuel efficiency, and protection from wear and temperature damage. BP's transmission fluids are suitable for manual, automatic, and sophisticated transmission systems, catering to both OEM and aftermarket customers. By prioritizing technological innovation, sustainability, and worldwide reach, BP is a key contributor to the development of high-performance transmission fluids, addressing the changing demands of the automobile industry.
Are you ready to discover more about the transmission fluids market?
The report provides an in-depth analysis of the leading companies operating in the global transmission fluids market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- BASF SE
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Chevron Corporation
- EXXON MOBIL CORPORATION
- Royal Dutch Shell plc
- Bp p.l.c.
- TotalEnergies SE
- LUKOIL
- Petroliam Nasional Berhad
- The Lubrizol Corporation
- Others.
Conclusion
The global transmission fluids market is poised for robust growth, driven by rising vehicle production, increasing adoption of automatic, hybrid, and electric vehicles, and growing emphasis on fuel efficiency and emission reduction. Advanced transmission systems, such as CVT and dual-clutch technologies, require specialized high-performance fluids that offer superior thermal stability, friction control, and extended service life. The shift toward synthetic and low-viscosity formulations further enhances vehicle efficiency and drivetrain longevity. Additionally, expanding automotive aftermarket services and consumer awareness of fluid maintenance support sustained demand. Overall, technological innovation, environmental considerations, and growing vehicle fleets underpin the market’s long-term growth trajectory.
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