Market Definition

Electric vehicle adhesives are a sticking material that allows the components to stick together without interfering with their operation. It makes a strong bond between the battery sections and also allows the parts to operate smoothly. These adhesives can give better flexibility while still containing strong adhesion capabilities. It also helps in the absorption of impact without crashing into parts and reduces vibrations into parts.

Data Bridge Market Research analyses that the electric vehicles adhesives market is expected to undergo a CAGR of 35.70% during the forecast period. This indicates that the market value, which was USD 72.37 million in 2021, would rocket up to USD 832.14 million by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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The global electric vehicle adhesives market is mainly driven by the rising adoption of green, sustainable and non-hazardous adhesives. The growing use of electric vehicle adhesives to replace the traditional adhering and binding methods such as clasping, mechanical screwing and welding in the end-user industries are expected to boost the growth of the electric vehicles adhesives market. The “polyurethane” is the highest growing type segment of the market owing to robust curing, excellent bonding strength and reduced assembly time, it also provides fast-fixing across several substrates such as metal, plastics, composites and others over the forecast period, Also, increasing demand of electric vehicles adhesive bonding in various plastics, composites, and many lightweight materials in the automotive industries will boost the market during forecast period.

The large scale Electric Vehicles Adhesives report gives details about the product launches, future products, joint ventures, marketing strategy, developments, mergers, and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values with the analysis and estimations. This global market research report acts as a perfect guide for actionable ideas, superior decision-making and better business strategies. The report also analyses the market information related to specific stock, currency, commodity and geographic region or country has also been analysed in this report. With an absolute devotion and commitment, Electric VehiclesAdhesives market report has been provided with the best reasonable service and recommendations which can be relied upon confidently.

Some of the major players operating in the electric vehicles adhesives market are:

  • DuPont (U.S.)
  • SOLVAY (Belgium)
  • Dow (U.S.)
  • Henkel AG and Co. KgaA (Germany)
  • 3M (U.S.)
  • Bostik (France)
  • Sika AG (Switzerland)
  • H.B. Fuller (U.S.)
  • BASF SE (Germany)
  • DAP Global Inc.(U.S.)
  • Owens Corning (U.S.)
  • The Chemours Company (U.S.)
  • Paroc Group (Finland)
  • Kingspan Group (Ireland)
  • DAIKIN (Japan)
  • GAF (U.S.)
  • SOLVAY (Belgium)
  • Saint-Gobain (France)
  • Franklin International (U.S.)
  • Illinois Tool Works Inc. (U.S.)
  • AVERY DENNISON CORPORATION (U.S.)
  • Three Bond Holdings Co., Ltd. (Japan)
  • Dymax (U.S.)
  • Ashland (U.S.)
  • Shell (U.K.)


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Global Electric Vehicles Adhesives Market Scope

The electric vehicles adhesives market is segmented on the basis of form, resin, application, vehicle type and substrate. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form

  • Liquid
  • Film and Tape
  • Others

Resin

  • Polyurethane
  • Epoxy
  • Silicone
  • Acrylic
  • Others

Application

  • Powertrain System
  • Exterior
  • Interior

Vehicle Type

  • Electric Car
  • Electric Bus
  • Electric Truck
  • Electric Bike

Substrate

  • Polymer
  • Composite
  • Metals

Electric Vehicles Adhesives Market Regional Analysis/Insights

The electric vehicles adhesives market is analysed and market size insights and trends are provided by country, form, resin, application, vehicle type and substrate as referenced above.

The countries covered in the electric vehicles adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the electric vehicles adhesives market in terms of revenue and market share due to the largest manufacturer of electric vehicles, increasing automotive sector and growing population in in this region.

North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to growth in the production of vehicles. Moreover, the increasing investments in the electric vehicles manufacturing and rising production of batteries and EVs will be expected to drive the market growth rate in this region.

 

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