The global Electric Vehicles Adhesives Market size was valued at approx. USD 0.4 billion in 2022 and is projected to grow at a CAGR of 43.9% during the forecast period 2022 to 2030.

Electric Vehicles Adhesive Market Overview:

The growth of the market can be attributed to the increasing initiatives of governments in several countries to promote the production and adoption of electric vehicles (EVs). In 2010, among other initiatives, the Electric Vehicle Initiative (EVI) was a multi-governmental policy forum launched by the Minister of Clean Energy to accelerate the adoption and adoption of electric vehicles worldwide. Considering environmental issues such as global warming, precautions and actions to reduce carbon footprint through harmful emissions to the earth are essential. Many governments are offering incentives such as tax exemptions, tax credits and additional incentives for adoption of electric vehicles. As of 2017, the German federal government has allocated a total of $230 million to electric mobility R&D. As of February 2018, there are 29 different electric vehicle models on the German market, with around 1 million EVs expected to hit German roads. This is expected to boost the demand for adhesives domestically and across Europe.

Electric Vehicles Adhesive market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Electric Vehicles Adhesive market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.

Industry News

• In August 2021, Sika AG acquired Bexel Internacional S.A., a leading manufacturer of tile adhesives and stuccos in Mexico.
• In April 2021, Sika AG acquired Hamatite, the adhesives business of The Yokohama Rubber Co., Ltd.
• In September 2019, Sika AG acquired Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications.

The Electric Vehicles Adhesive market research report is categorized based on type, applications and region.

Market Key Players:
Henkel, Bostik, 3M, Sika AG, Ashland, H.B. Fuller, Parker Hannifin Corp, Lord Corporation, DuPont, Jowat SE, PPG Industries, L and L Products, Permabond, Wacker Chemie AG, and others.

By Type:

• Epoxy, Polyurethane
• Acrylic
• MMA
• Cyanoacrylate

By Application:

• Powertrain
• Exterior
• Interior

On the basis of Vehicle Type

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

On the basis of Substrate

• Plastic
• Composite
• Metals
• Others

On the basis of Form

• Liquid
• Film & Tape

By Region:

Geographically, the global Electric Vehicles Adhesive market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).

Asia Pacific held the largest volume share of 52.2% in 2019. As China is the world's largest electric vehicle manufacturer, the region is a major consumer. However, market growth is expected to remain sluggish in 2020-21 amid the global COVID-19 pandemic, reported to have originated in China. Availability of workers and raw materials impacted electric vehicle manufacturing as of March 2020, impacting adhesive demand.
North America is expected to be the fastest-growing regional market with a volume-based CAGR of 27.1% during the forecast period, owing to increasing investment in EV manufacturing. For example, in July 2019, LG Chem announced plans to build a second plant in the United States to produce electric vehicle batteries. LG Chem is a representative battery manufacturer and supplies products to major companies such as General Motors (GM) and Volkswagen. The plant is expected to start production in 2022. Increasing production of batteries and EVs in this region is expected to boost the market growth.
Europe is one of the major regions of the market and is expected to register a revenue-based CAGR of 21.1% during the forecast period. Demand for adhesives is expected to dominate in the coming years as the emphasis on production and promotion of electric vehicles increases. To boost sales of electric vehicles, for example, British electric car maker Arrival has set a vision to make electric cars as affordable as fuel-powered cars.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Electric Vehicles Adhesive Market report scope

Report Attributes	Details
Growth Rate	CAGR of 43.9% from 2022 to 2030.
By Type	Epoxy, Polyurethane, Acrylic, MMA, Cyanoacrylate
By Application	Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV)
By Companies	Henkel, Bostik, 3M, Sika AG, Ashland, H.B. Fuller, Parker Hannifin Corp, Lord Corporation, DuPont, Jowat SE, PPG Industries, L and L Products, Permabond, Wacker Chemie AG
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Key Takeaways from this Electric Vehicles Adhesive Report

• Estimate Electric Vehicles Adhesive market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Electric Vehicles Adhesive market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions

At what CAGR is the Electric Vehicles Adhesive market projected to grow in the forecast period 2022 to 2030?

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