Global Electric Vehicle Adhesives Market, 2024-2030

Adhesives are playing key role in the advancement of vehicle electrification technology and will remain at the forefront of the development of hybrid electric vehicle (HEV) and battery electric vehicle (BEV) battery cells, modules, packs, and motors. These electric vehicles (EV) operating at extreme temperatures and enduring the shock and vibration generated from on and off-road driving. Adhesives have played a significant role in meeting these challenges in many BEV and HEV powertrain applications. Electric vehicle adhesives are expected to replace or reduce the use of traditional heavy mechanical tools in the electric vehicle’s design to reduce the weight of vehicles.

These adhesives are available in the form of liquid, films and tape. The adhesives used in electric vehicle can be classified into polyurethane resins, epoxy resins, silicone resins, acrylic and others. EV adhesives are used in different applications of electric vehicles such as exterior, interior and electric vehicle battery. Epoxy adhesives are used in battery packs to improve the integrity and crashworthiness of it. Epoxies have the greatest strength and durability in all the structural adhesives and in addition to this, the epoxy bonds have exceptional resistance to shock, vibration and impact loads. Its property of distributing stress along the entire bond helps to use thinner and lighter materials in Electric vehicle.

Structural adhesives are used extensively between cells to provide mechanical integrity. These adhesives ensure that cells are aligned and fixtured in place while eliminating cell movement that can be caused by vibration, acceleration, and deceleration during vehicle operation.

The global electric vehicle adhesives research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global electric vehicle adhesives market is growing at a fast pace and increasing its geographical footprint rapidly. The global electric vehicle adhesives market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to huge consumption of adhesives in electrical automotive industry. The major growth driver for electric vehicle adhesives market is the significant rise in demand for electric and hybrid vehicles. Also, in addition, the favorable government policies, and focus towards reduction of the weight of vehicles.

Electric vehicle adhesives enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of Electric vehicle adhesives market globally. The companies that lead global market are Henkel , H.B. Fuller, Sika AG, 3M, Wacker Chemie AG , Bostik, L&L Products, Ashland, Permabond, and Lord Corporation.

Research Methodology

The research process includes the market segmentation of the global electric vehicle adhesives market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global electric vehicle adhesives market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global electric vehicle adhesives industry dynamics
• Estimation of the present global electric vehicle adhesives market size in terms of value and volume.
• Global electric vehicle adhesives market breakup based on by type and application.
• Verified global electric vehicle adhesives market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global electric vehicle adhesives industry value chain.

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