Transmission Fluids Market Transforms Amid Electric Vehicle Advancements and Enhanced Formulations Trends | Future Market Insights, Inc. [Yahoo! Finance]
NewMarket Corp (NEU)
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Source: Yahoo! Finance
The transmission fluids market undergoes a notable shift amid sustainable mobility and rising electric vehicles. Focus on advanced formulations aligns with evolving automotive demands. NEWARK, Del, Jan. 04, 2024 (GLOBE NEWSWIRE) -- In 2023, the transmission fluids market achieves a global valuation of US$ 8.0 billion , and it is expected to exhibit a CAGR of 4.1% from 2023 to 2033, reaching an estimated value of US$ 12.0 billion by 2033. The transmission fluids market is experiencing a significant transformation as it navigates the dual trends of sustainable mobility and the surge in electric vehicles (EVs). Alongside these shifts, there is a growing emphasis on the development of enhanced formulations that cater to the evolving needs of modern automotive systems. This dynamic landscape presents both challenges and opportunities for industry players, who must adapt to meet the changing demands of consumers and vehicle technologies. The rise of electric vehicles has presented a u
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