Report Id: SNS/C&M/2367 | July 2022 | Region: Global | 131 Pages
Report Scope & Overview:
Electric Vehicle Adhesives Market Size was valued at USD 0.72 billion in 2022, and is expected to reach USD 14.16 billion by 2030, and grow at a CAGR of 45% over the forecast period 2023-2030.
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, technology for converting vehicles to electricity continues 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 components.
Due to the introduction of strict regulatory requirements, battery technology in the automobile sector is currently following in the footsteps of the consumer electronics sector. Manufacturers of batteries are currently looking for ways to increase the longevity of batteries that must function in extremely hot environments. Electric vehicle adhesives have distinguished themselves as a superb response to these issues in a variety of BEV and HEV powertrain applications.
Due to government rules and purchase incentives, automakers are investing in EVs more and more.
Electric car up-front costs are high, and there aren't many charging facilities available
Potential for autonomous electric car development
A lack of uniformity
Impact of Covid-19:
Due to the global shutdown of numerous companies caused by the COVID-19 outbreak, the market for EV adhesives has been seriously impacted. In the first several months of 2020, supply shortages, lockdowns, and production suspensions had an impact on vehicle production in key nations. Due to lockdowns and other measures to stop the virus's spread, there was little demand for new cars in countries where the pandemic had already begun. The European Automobile Manufacturers Association (ACEA) estimates that in 2020, the European automobile market will have lost a total of about 3.6 million automobiles, valued at about USD 120 billion.
PPG Industries, Inc. , L&L Products, Henkel, Ashland, Permabond (UK0), 3M, Wacker Chemie AG, H.B. Fuller, Bostik SA – An Arkema company, Sika AG, Jowat SE, and other players.
By Resin Type
By Vehicle Type
Film & Tape
During the projection period, Asia-Pacific is anticipated to have the largest and fastest-growing Electric Vehicle Adhesives Market, with China, Japan, South Korea, and India being the key nations with the most promising growth prospects. Asia-Pacific held the greatest market share for electric vehicle adhesives in 2019 overall. The significant Chinese electric vehicle market and all the major battery manufacturers are the main contributors from this region. During the projection period, North America and Europe are also anticipated to present significant growth possibilities.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 0.72 Billion|
|Market Size by 2030||US$ 14.16 Billion|
|CAGR||CAGR of 45% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Application ( Powertrain, Exterior, Interior)
• By Resin Type (Epoxy, Polyurethane, Silicones, Acrylics, Others)
• By Vehicle Type (Electric Car, Electric Bus, Electric Bike, Electric Truck)
• By Substrate (Plastic, Composite, Metals, Others)
• By Form (Liquid, Film & Tape, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||PPG Industries, Inc. , L&L Products, Henkel, Ashland, Permabond (UK0), 3M, Wacker Chemie AG, H.B. Fuller, Bostik SA – An Arkema company, Sika AG, Jowat SE, and other players.|
|DRIVERS||• Due to government rules and purchase incentives, automakers are investing in EVs more and more.|
|Restraints||• Electric car up-front costs are high, and there aren't many charging facilities available|
Frequently Asked Questions (FAQ) :
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Electric car up-front costs are high, and there aren't many charging facilities available are the restraints for Electric Vehicle Adhesives Market.
Ans: Due to government rules and purchase incentives, automakers are investing in EVs more and more are the drivers for Electric Vehicle Adhesives Market
Ans: Insulating Glass Window Market Size was valued at USD 12.7 billion in 2021, and expected to reach USD 19.5 billion by 2028, and grow at a CAGR of 6.3 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Electric Vehicle Adhesives Market Segment, By Application
9.Electric Vehicle Adhesives Market Segment, By Resin Type
10.Electric Vehicle Adhesives Market Segment, By Vehicle Type
10.1 Electric Car
10.2 Electric Bus
10.3 Electric Bike
10.4 Electric Truck
11.Electric Vehicle Adhesives Market Segment, By Substrate
12.Electric Vehicle Adhesives Market Segment, By Form
12.2 Film & Tape
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profile
14.1 PPG Industries, Inc.
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 L&L Products,
14.5 Permabond (UK
14.7 Wacker Chemie AG,
14.8 H.B. Fuller,
14.9 Bostik SA – An Arkema company,
14.10 Sika AG,
14.11 Jowat SE,
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
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