Electric Vehicle Adhesives Market Size to be USD 11.9 Billion by 2034; Decreasing Risk of Component Failure to Augment Market Expansion

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Published Date: December 2024

Electric Vehicle Adhesives Market is driven by the growing adoption of green, sustainable, and non-hazardous adhesives. In addition, demand for electric vehicles, strong greenhouse gas emission policies in developed nations, and increasing rates of investments in manufacturing of the electric vehicles are other factors propelling the growth of the global market. Furthermore, growing demand for high-duty vehicles and technological advancements, which increase the efficiency and cost-effectiveness of production is also anticipated to create opportunities for growth of the global market over the forecast period.

Electric Vehicle Adhesives Market Segmentation Analysis:

By Resin Type	Epoxy, Polyurethane, Silicones, and Acrylic
By Type of Vehicles	Passenger Cars, Electric Vehicles, and Commercial Vehicles
By Substrate	Plastic, Composite, and Metals
By Application	Powertrain System, Optical Element, Sensors & Communication, and Body Frame

Electric Vehicle Adhesives Market Report Highlights:

In 2023, electric vehicle adhesives market share was estimated to be worth USD 4.1 Billion.
By 2034, the target market is expected to grow to USD 11.9 Billion.
Target market is expanding at a CAGR of 12.3%.
Asia Pacific held the largest share of the market in 2024.
North America is projected to be the fastest-growing market in the coming years.
By resin type, polyurethane resin dominates the target market growth.
By type of vehicles,the electric vehicles segment holds the largest share of the target market.
By substrate, plastic substrate holds the largest share of the market.
By application, the body frame is expected to dominate the target market growth.

Electric Vehicle Adhesives Market Dynamics:

Growing Factor	Challenge Factor	Market Trend
Decreased Component Failure Risk	Adhesives’ Toxicity and Recycling Problems	Technological Advancements and New Innovations

Electric Vehicle Adhesives Market Key Highlights:

Asia Pacific: This region is expected to dominate the growth of the market during the forecast period due to increasing sales of electric vehicles, the presence of strong manufacturers, and an increase in demand.

North America: This region is considered to be the fastest growing region in the target market as countries, such as the U.S., Canada and many more are leading the charge significantly due to increasing investments in manufacturing of the electrical vehicles, and the presence of manufacturing companies.

Benefits of Adhesives in Sustainable Battery Assembly

The demand for efficient, sustainable battery assembly is increasing as EV use rises. Due to their many advantages, adhesives are essential to the manufacturing of EV batteries.

Benefits	Description
Enhanced Performance	Extended range and quicker charging are two benefits of adhesives' optimisation of the thermal interface between battery cells and cooling systems.
Flexible Battery Design	The ability of adhesives to bond a wide range of materials, such as metals, composites, and functional films, allows for more design flexibility. Innovative battery designs that were previously unreachable are made possible by this non-destructive connecting technology, which maintains the integrity of substrates.

Browse ∼52 market data tables and ∼46 figures through ∼188 slides and in-depth TOC on “Electric Vehicle Adhesives Market Size, Share By Resin Type (Epoxy, Polyurethane, Silicones, and Acrylic), By Type of Vehicles (Passenger Cars, Electric Vehicles, and Commercial Vehicles), By Substrate (Plastic, Composite, and Metals), By Application (Powertrain System, Optical Element, Sensors & Communication, and Body Frame) and By Region - Trends, Analysis, and Forecast till 2034”

For more insights into the Electric Vehicle Adhesives Market and its future trends, visit the link: https://www.prophecymarketinsights.com/market_insight/electric-vehicle-adhesives-market-5673

Electric Vehicle Adhesives Market Competitive Landscape:

The key players operating in the market include PPG Industries, Inc., Henkel Adhesives Technologies India Private Limited, H.B. Fuller Company, 3M, Wacker Chemie AG, Arkema, Ashland, PARKER HANNIFIN CORP., ITW Performance Polymers, Bostik, JOWAT WHISTLEBLOWING SYSTEM, DuPont de Nemours Inc., Solvay, Dow, DAP Global Inc., The Chemours Company, DAIKIN INDUSTRIES, Ltd., and Saint-Gobain.