The global electric vehicle adhesives market size is expected to grow around USD 11.51 billion by 2032 from USD 1.40 billion in 2022 with a CAGR of 23.74% from 2023 to 2032.
The Asia Pacific region is expected to have the largest market share during the forecast period. China is the major consumer and manufacturer of the electric auto motives. This is expected to drive the market growth during the forecast period in the Asia Pacific region. During the pandemic the manufacturing of electric vehicles in China had been affected to a great extent. Restrictions on the movement of row material and disrupted supply chain logistics had affected the market to a great extent. during the pandemic the restricted movement and social distancing norms also affected the productivity due to the lack of workforce.
part from the Asia Pacific region the North American region will also grow well during the forecast period. This region will have or growth with the highest compound annual growth rate which is expected to be about 27%. As there has been an increase in the investment for producing more electric vehicles in the North American region the demand for adhesives is expected to grow. As key market players are focusing on increasing the production of batteries the demand for adhesives is expected to grow well in this region. In the future the production of electric vehicles and the electric vehicle batteries is expected you grow in the North American region. Companies like Volkswagen and General Motors are increasing their productivity. The government in the European region is emphasizing on promoting the adoption as well as the production of the electric vehicles. Manufacturers in the European region are also making use of technology in order to reduce the cost of electric vehicles in order to make them affordable. This region is expected to have a compound annual growth rate of 21% in terms of revenue.
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Report highlights
Market dynamics
Drivers
As there has been an increase in the investments to increase the manufacturing of electric vehicles the market for adhesives is expected to grow well during the forecast period. In the countries like China Europe and the United States there is a presence of stringent policies which will drive the market growth period the introduction of the standards of emission which have been in place since the year 2020 will also drive the market growth in the coming years. As the major manufacturing companies are focusing in providing a larger product portfolio the market is expected to grow. In order to provide different models in the light duty and the heavy duty heckles there shall be a growth in the market. In the recent years the sales of the electric vehicles have increased due to an awareness regarding the benefits of these vehicles and the various incentives provided by the government.
Restraints
The technology used in the manufacturing the battery which is extremely important in the electric vehicles is expensive. It increases the cost of the electric vehicles. The use of the raw materials deeds and alternative in order to bring down the prices. The cost of acquiring these materials is also high which leads to an increase in the cost of the product. Electric vehicles are not affordable to many and this shall be a major restrained in the growth of the market. apart from the high cost associated with these vehicles turn availability of charging stations at frequent intervals is another restraint. There is an increase in the fear of being stuck at a particular place. During the forecast. The number of the charging stations required for the electric vehicles will increase. But they shall also be an increase in the requirement of the energy.
Opportunities
During the forecast period advancements in technology will lead to an increased automation in the vehicles. The use of advanced driver assistance systems in the electric vehicles will also provide better opportunities for the growth of the market. In order to make the electric vehicles autonomous they shall be a growth in the demand for cameras, sensors which will increase the demand for adhesives. The consumption of the adhesives will increase due to the commercialization of these electric vehicles of the autonomous type.
Challenges
What are the major challenges in the growth of the market is the lack of standardization. There are different types of charging stations better helpful in charging the electric vehicles. The voltage of these charging stations is different and it may not be compatible with all the electric vehicles. As the charger of different electric vehicles which are manufactured by different companies but not be compatible with the installed infrastructure of the charging stations the market growth will be hampered to a great extent. Standardization will play and extremely important role for the favorable growth of the market.
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Recent developments
Market Segmentation
By Vehicle
By Application
By Resin
By Substrate
By Form
By End User
By Geography
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. End User Procurement Analysis
4.3.2. Sales and Distribution Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Electric Vehicle Adhesives Market
5.1. COVID-19 Landscape: Electric Vehicle Adhesives Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Electric Vehicle Adhesives Market, By Vehicle
8.1. Electric Vehicle Adhesives Market, by Vehicle, 2023-2032
8.1.1. Battery electric vehicle
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Plug in hybrid electric vehicle
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Electric Vehicle Adhesives Market, By Application
9.1. Electric Vehicle Adhesives Market, by Application, 2023-2032
9.1.1. Exterior
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Interior
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Powertrain
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Electric Vehicle Adhesives Market, By Resin
10.1. Electric Vehicle Adhesives Market, by Resin, 2023-2032
10.1.1. Epoxy
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Silicon
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Polyurethane
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Acrylics
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Electric Vehicle Adhesives Market, By Substrate
11.1. Electric Vehicle Adhesives Market, by Substrate, 2023-2032
11.1.1. Plastic
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Composite
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Metals
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. Others
11.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Electric Vehicle Adhesives Market, By Form
12.1. Electric Vehicle Adhesives Market, by Form, 2023-2032
12.1.1. Liquid
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. Film & Tape
12.1.2.1. Market Revenue and Forecast (2020-2032)
12.1.3. Others
12.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global Electric Vehicle Adhesives Market, By End User
13.1. Electric Vehicle Adhesives Market, by End User, 2023-2032
13.1.1. Pack & module bonding
13.1.1.1. Market Revenue and Forecast (2020-2032)
13.1.2. Thermal interface bonding
13.1.2.1. Market Revenue and Forecast (2020-2032)
13.1.3. Battery cell encapsulation
13.1.3.1. Market Revenue and Forecast (2020-2032)
13.1.4. Others
13.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 14. Global Electric Vehicle Adhesives Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.1.2. Market Revenue and Forecast, by Application (2020-2032)
14.1.3. Market Revenue and Forecast, by Resin (2020-2032)
14.1.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.1.5. Market Revenue and Forecast, by Form (2020-2032)
14.1.6. Market Revenue and Forecast, by End User (2020-2032)
14.1.7. U.S.
14.1.7.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.1.7.2. Market Revenue and Forecast, by Application (2020-2032)
14.1.7.3. Market Revenue and Forecast, by Resin (2020-2032)
14.1.7.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.1.8. Market Revenue and Forecast, by Form (2020-2032)
14.1.8.1. Market Revenue and Forecast, by End User (2020-2032)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.1.9.2. Market Revenue and Forecast, by Application (2020-2032)
14.1.9.3. Market Revenue and Forecast, by Resin (2020-2032)
14.1.9.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.1.10. Market Revenue and Forecast, by Form (2020-2032)
14.1.11. Market Revenue and Forecast, by End User (2020-2032)
14.1.11.1.
14.2. Europe
14.2.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.2.2. Market Revenue and Forecast, by Application (2020-2032)
14.2.3. Market Revenue and Forecast, by Resin (2020-2032)
14.2.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.2.5. Market Revenue and Forecast, by Form (2020-2032)
14.2.6. Market Revenue and Forecast, by End User (2020-2032)
14.2.7.
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.2.8.2. Market Revenue and Forecast, by Application (2020-2032)
14.2.8.3. Market Revenue and Forecast, by Resin (2020-2032)
14.2.9. Market Revenue and Forecast, by Substrate (2020-2032)
14.2.10. Market Revenue and Forecast, by Form (2020-2032)
14.2.10.1. Market Revenue and Forecast, by End User (2020-2032)
14.2.11. Germany
14.2.11.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.2.11.2. Market Revenue and Forecast, by Application (2020-2032)
14.2.11.3. Market Revenue and Forecast, by Resin (2020-2032)
14.2.12. Market Revenue and Forecast, by Substrate (2020-2032)
14.2.13. Market Revenue and Forecast, by Form (2020-2032)
14.2.14. Market Revenue and Forecast, by End User (2020-2032)
14.2.14.1.
14.2.15. France
14.2.15.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.2.15.2. Market Revenue and Forecast, by Application (2020-2032)
14.2.15.3. Market Revenue and Forecast, by Resin (2020-2032)
14.2.15.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.2.16. Market Revenue and Forecast, by Form (2020-2032)
14.2.16.1. Market Revenue and Forecast, by End User (2020-2032)
14.2.17. Rest of Europe
14.2.17.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.2.17.2. Market Revenue and Forecast, by Application (2020-2032)
14.2.17.3. Market Revenue and Forecast, by Resin (2020-2032)
14.2.17.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.2.18. Market Revenue and Forecast, by Form (2020-2032)
14.2.18.1. Market Revenue and Forecast, by End User (2020-2032)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.3.2. Market Revenue and Forecast, by Application (2020-2032)
14.3.3. Market Revenue and Forecast, by Resin (2020-2032)
14.3.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.3.5. Market Revenue and Forecast, by Form (2020-2032)
14.3.6. Market Revenue and Forecast, by End User (2020-2032)
14.3.7. India
14.3.7.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.3.7.2. Market Revenue and Forecast, by Application (2020-2032)
14.3.7.3. Market Revenue and Forecast, by Resin (2020-2032)
14.3.7.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.3.8. Market Revenue and Forecast, by Form (2020-2032)
14.3.9. Market Revenue and Forecast, by End User (2020-2032)
14.3.10. China
14.3.10.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.3.10.2. Market Revenue and Forecast, by Application (2020-2032)
14.3.10.3. Market Revenue and Forecast, by Resin (2020-2032)
14.3.10.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.3.11. Market Revenue and Forecast, by Form (2020-2032)
14.3.11.1. Market Revenue and Forecast, by End User (2020-2032)
14.3.12. Japan
14.3.12.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.3.12.2. Market Revenue and Forecast, by Application (2020-2032)
14.3.12.3. Market Revenue and Forecast, by Resin (2020-2032)
14.3.12.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.3.12.5. Market Revenue and Forecast, by Form (2020-2032)
14.3.12.6. Market Revenue and Forecast, by End User (2020-2032)
14.3.13. Rest of APAC
14.3.13.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.3.13.2. Market Revenue and Forecast, by Application (2020-2032)
14.3.13.3. Market Revenue and Forecast, by Resin (2020-2032)
14.3.13.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.3.13.5. Market Revenue and Forecast, by Form (2020-2032)
14.3.13.6. Market Revenue and Forecast, by End User (2020-2032)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.4.2. Market Revenue and Forecast, by Application (2020-2032)
14.4.3. Market Revenue and Forecast, by Resin (2020-2032)
14.4.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.4.5. Market Revenue and Forecast, by Form (2020-2032)
14.4.6. Market Revenue and Forecast, by End User (2020-2032)
14.4.7. GCC
14.4.7.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.4.7.2. Market Revenue and Forecast, by Application (2020-2032)
14.4.7.3. Market Revenue and Forecast, by Resin (2020-2032)
14.4.7.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.4.8. Market Revenue and Forecast, by Form (2020-2032)
14.4.9. Market Revenue and Forecast, by End User (2020-2032)
14.4.10. North Africa
14.4.10.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.4.10.2. Market Revenue and Forecast, by Application (2020-2032)
14.4.10.3. Market Revenue and Forecast, by Resin (2020-2032)
14.4.10.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.4.11. Market Revenue and Forecast, by Form (2020-2032)
14.4.12. Market Revenue and Forecast, by End User (2020-2032)
14.4.13. South Africa
14.4.13.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.4.13.2. Market Revenue and Forecast, by Application (2020-2032)
14.4.13.3. Market Revenue and Forecast, by Resin (2020-2032)
14.4.13.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.4.13.5. Market Revenue and Forecast, by Form (2020-2032)
14.4.13.6. Market Revenue and Forecast, by End User (2020-2032)
14.4.14. Rest of MEA
14.4.14.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.4.14.2. Market Revenue and Forecast, by Application (2020-2032)
14.4.14.3. Market Revenue and Forecast, by Resin (2020-2032)
14.4.14.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.4.14.5. Market Revenue and Forecast, by Form (2020-2032)
14.4.14.6. Market Revenue and Forecast, by End User (2020-2032)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.5.2. Market Revenue and Forecast, by Application (2020-2032)
14.5.3. Market Revenue and Forecast, by Resin (2020-2032)
14.5.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.5.5. Market Revenue and Forecast, by Form (2020-2032)
14.5.6. Market Revenue and Forecast, by End User (2020-2032)
14.5.7. Brazil
14.5.7.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.5.7.2. Market Revenue and Forecast, by Application (2020-2032)
14.5.7.3. Market Revenue and Forecast, by Resin (2020-2032)
14.5.7.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.5.8. Market Revenue and Forecast, by Form (2020-2032)
14.5.8.1. Market Revenue and Forecast, by End User (2020-2032)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Vehicle (2020-2032)
14.5.9.2. Market Revenue and Forecast, by Application (2020-2032)
14.5.9.3. Market Revenue and Forecast, by Resin (2020-2032)
14.5.9.4. Market Revenue and Forecast, by Substrate (2020-2032)
14.5.9.5. Market Revenue and Forecast, by Form (2020-2032)
14.5.9.6. Market Revenue and Forecast, by End User (2020-2032)
Chapter 15. Company Profiles
15.1. Henkel (Germany), H.B. Fuller (US)
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. Sika AG (Switzerland)
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Ashland (US)
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. PPG Industries (US)
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Permabond (UK)
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. 3M (US)
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Wacker Chemie AG (Germany)
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Bostik SA – An Arkema company (France)
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. L&L Products (US)
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. Jowat SE (Germany)
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms
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