The global Electric vehicles adhesives market size was valued at USD 7.76 Million in 2020 and is anticipated to grow at a compound annual growth rate CAGR of 5.9%, reaching a value of $12.27 Million in 2030.
Due to the acceptance of various efforts taken by the governments to enhance the manufacturing of electric vehicles in both emerging and developed countries worldwide, there would be a surge in demand for electric vehicles. The market for electric vehicle adhesives will experience increased demand as consumer preference for electric vehicles grows.
The automotive industry is changing course and heading in the direction of a greener future. The promotion of hybrid and electric vehicle development and adoption by local government bodies continues to be a major factor in these processes. As a result, technologies for converting vehicles to electricity continue to advance quickly. Due to the likelihood that sealants and electric car adhesives will continue to be at the forefront of the development of these technologies, the market for electric vehicle adhesives is expected to have a promising future. Additionally, it is anticipated that electric vehicle adhesives will be crucial in the manufacture of battery cells, motors, and packs for battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs), among other things.
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High-Demand for Automotive Adhesives
According to the China Adhesive Association, China is the world’s leading market for adhesives, in terms of production and demand, as large number of vehicles is manufactured in the country.
Japan has become the second-largest market for automotive adhesives in the APAC region
In India, the ‘Make in India’ movement is acting as a backbone in the growth of the automotive adhesives market.
Segmentation of the Global Electric Vehicles Adhesives Market:
Segmentation on the basis of Resin Type
- Polyurethane
- Epoxy
- Silicones
- Acrylics
- Cyanoacrylate
- Others
Segmentation on the basis of Form
- Liquid
- Film
- Tape
- Others
Segmentation on the basis of Substrate
- Plastic
- Composite
- Metals
- Others
Segmentation on the basis of Application
- Powertrain
- Exterior
- Hybrid electric vehicle
- Interior
- Pack & Module bonding
- Battery Cell Encapsulation
- Others
Segmentation on the basis of Vehicle Type
- Electric Car
- Electric Bus
- Electric Bike
- Electric Truck
- Others
Segmentation on the basis of Region
- North America
- Europe
- Asia Pacific
Competitive Landscape
Arkema S.A., Ashland Inc., Avery Dennison Corporation, Bostik S.A. (An Arkema Company) Delo Industrie Klebstoffe GmbH & Co. KGaA, DuPont de Nemours, Inc., Dymax Corporation, Evonik Industries AG, H.B. Fuller Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc., Jowat Se, KGaA, L&L Products, LORD Corporation, Lord Corporation, Metlok Private Limited, Permabond LLC, Permabond LLC., Ppg Industries, PPG Industries, Inc., Ried B.V., Sika AG., Wacker Chemie AG, OthersHenkel, Arkema, Huntsman, Sika, H.B. Fuller.
Frequently Asked Questions
- What is the current size of electric vehicle adhesives market?
- What will be the CAGR of global electric vehicle adhesives market?
- Who are the prominent players operating in the electric vehicle adhesives market?
- Which are the driving factors of the electric vehicle adhesives market?
- Which region will lead the global electric vehicle adhesives market?
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