Electric Vehicle Adhesives Market Size is valued at USD 2.5 Bn in 2024 and is predicted to reach USD 63.1 Bn by the year 2034 at a 38.1% CAGR during the forecast period for 2025-2034.
Electric vehicle (EV) adhesives are specialized adhesive materials used in EV manufacturing. They serve various purposes, including bonding and sealing battery components, managing heat, insulating electrical parts, reducing noise, and enhancing structural integrity. These adhesives need to be strong, thermally conductive, electrically insulating, durable, and environmentally friendly to support the unique requirements of electric vehicles. Electric vehicles have become more popular. The demand for specialized adhesives that can withstand high temperatures, vibration, and other harsh conditions also increases developed countries' strict regulations regarding greenhouse gas emissions, which will propel market expansion during this time. These standards have boosted the use of electric vehicles in these regions.
The main automakers are raising their investment levels to produce electric vehicles. A bigger interest in the good is anticipated throughout the forecast. Thus, major electric car manufacturers are concentrating on diversifying their product range by offering a variety of models. Greater adoption of electric-powered vehicles will additionally fuel market expansion. Electric vehicles have become very popular in recent years. Almost 10 Bn electric vehicles are on the road in different parts of the world. And it will develop throughout the ensuing years. Electric automobiles and coaches have also been in high demand to help the transportation sector. Throughout the projection period, the market expansion will be fueled by various legislative frameworks encouraging electric vehicles.
The electric vehicle adhesives market is segmented based on application, resin type, form and substrate. As per the applications, the market is segmented as powertrain, optical element, sensors, communication, and body frame. The market is divided into epoxy, acrylic, silicone, polyurethane, and others based on resin type. The market is segmented into film & type, liquid, and others based on the form type. Based on substrate, the electric vehicle adhesives market is segmented as plastic, composite and metals.
The liquid category will hold a major global market share in 2021. A solid substance is produced that merges the substrates through a chemical or chemical reaction by sandwiching two substrates with a liquid adhesive. Liquid adhesives are used in electric cars for some things, including the exterior, interior, and electric batteries. Outside applications have the highest demand for liquid adhesives after interior applications. In an electric car, significant quantities of the vehicle's structural body.
The polyurethane segment is projected to grow rapidly in the global electric vehicle adhesives market. Due to the numerous types of resins used in its production, it has different qualities. These sealants are employed in many industries according to their qualities. The demand for polyurethane adhesives will increase throughout the forecast due to their remarkable quality, which gives an elasticity of around 600%. This glue has a very high degree of flexibility.
Asia Pacific regional market holds the largest market share due to the region's increasing demand for electric vehicles, combined with government initiatives to promote sustainable transportation adoption. The Asia Pacific region's significant growth in the electric vehicle adhesive market is expected to be driven by the occurrence of major electric vehicle manufacturers and suppliers. This is projected to result in increased demand for specialized adhesives for use in the production of electric vehicles, thereby creating growth opportunities for players in the market. Moreover, the European region is estimated to hold the second-largest market share since the rising demand for electric vehicles, major electric vehicle manufacturers and suppliers, and government initiatives promoting sustainable transportation.
|
Report Attribute |
Specifications |
|
Market Size Value In 2024 |
USD 2.5 Bn |
|
Revenue Forecast In 2034 |
USD 63.1 Bn |
|
Growth Rate CAGR |
CAGR of 38.06 % from 2025 to 2034 |
|
Quantitative Units |
Representation of revenue in US$ Bn, Volume (Ton) and CAGR from 2025 to 2034 |
|
Historic Year |
2021 to 2024 |
|
Forecast Year |
2025-2034 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Application, Resin Type, Vehicle Type, Substrate, Form |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; South East Asia |
|
Competitive Landscape |
Henkel AG & Co. KGaA (Germany), H.B. Fuller (US), Sika AG (Switzerland), 3M (US), Wacker Chemie AG (Germany), Arkema S.A. (France), Ashland Inc. (US), PPG Industries (US), Parker Hannifin Corporation (US), Illinois Tool Works Inc. (US), Jowat SE, Permabond LLC, DELO Industrie Klebstoffe GmbH & Co. KGaA, Uniseal, Inc., Riëd B.V., L&L Products, Dymax Corporation, WEICON Gmbh & Co. KG, ThreeBond Co., Ltd., Evonik Industries AG, KLEIBERIT SE & Co. KG, Metlok Private Limited, Hexcel Corporation, Lohmann Technologies, US Adhesives |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Electric Vehicle Adhesives Market Snapshot
Chapter 4. Global Electric Vehicle Adhesives Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Resin Type Estimates & Trend Analysis
5.1. By Resin Type, & Market Share, 2024-2034
5.2. Market Size (Value US$ Mn & Volume (Ton)) & Forecasts and Trend Analyses, 2021-2034 for the following By Resin Type:
5.2.1. Polyurethane
5.2.2. Epoxy
5.2.3. Silicone
5.2.4. Acrylic
5.2.5. Others
Chapter 6. Market Segmentation 2: By Vehicle Type Estimates & Trend Analysis
6.1. By Vehicle Type & Market Share, 2024-2034
6.2. Market Size (Value US$ Mn & Volume (Ton)) & Forecasts and Trend Analyses, 2021-2034 for the following By Vehicle Type:
6.2.1. Electric Car
6.2.2. Electric Bus
6.2.3. Electric Truck
6.2.4. Electric Bike
Chapter 7. Market Segmentation 3: By Application Estimates & Trend Analysis
7.1. By Application & Market Share, 2024-2034
7.2. Market Size (Value US$ Mn & Volume (Ton)) & Forecasts and Trend Analyses, 2021-2034 for the following By Application:
7.2.1. Powertrain System
7.2.2. Optical Element
7.2.3. Sensor & Communication
7.2.4. Body Frame
Chapter 8. Market Segmentation 4: By Substrate Estimates & Trend Analysis
8.1. By Substrate & Market Share, 2024-2034
8.2. Market Size (Value US$ Mn & Volume (Ton)) & Forecasts and Trend Analyses, 2021-2034 for the following By Substrate:
8.2.1. Polymer
8.2.2. Composite
8.2.3. Metals
Chapter 9. Market Segmentation 5: By Form Estimates & Trend Analysis
9.1. By Form & Market Share, 2024-2034
9.2. Market Size (Value US$ Mn & Volume (Ton)) & Forecasts and Trend Analyses, 2021-2034 for the following By Form:
9.2.1. Liquid
9.2.2. Film and Tape
9.2.3. Others
Chapter 10. Electric Vehicle Adhesives Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. North America
10.1.1. North America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) estimates and forecasts By Resin Type, 2021-2034
10.1.2. North America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) estimates and forecasts By Vehicle Type, 2021-2034
10.1.3. North America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) estimates and forecasts By Application, 2021-2034
10.1.4. North America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) estimates and forecasts By Substrate, 2021-2034
10.1.5. North America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) estimates and forecasts By Form, 2021-2034
10.1.6. North America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) estimates and forecasts by country, 2021-2034
10.2. Europe
10.2.1. Europe Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Resin Type, 2021-2034
10.2.2. Europe Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Vehicle Type, 2021-2034
10.2.3. Europe Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Application, 2021-2034
10.2.4. Europe Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Substrate, 2021-2034
10.2.5. Europe Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Form, 2021-2034
10.2.6. Europe Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) by country, 2021-2034
10.3. Asia Pacific
10.3.1. Asia Pacific Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Resin Type, 2021-2034
10.3.2. Asia Pacific Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Vehicle Type, 2021-2034
10.3.3. Asia Pacific Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Application, 2021-2034
10.3.4. Asia Pacific Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Substrate, 2021-2034
10.3.5. Asia Pacific Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Form, 2021-2034
10.3.6. Asia Pacific Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) by country, 2021-2034
10.4. Latin America
10.4.1. Latin America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Resin Type, (US$ Million) 2021-2034
10.4.2. Latin America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Vehicle Type, (US$ Million) 2021-2034
10.4.3. Latin America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Application, (US$ Million) 2021-2034
10.4.4. Latin America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Substrate, (US$ Million) 2021-2034
10.4.5. Latin America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Form, (US$ Million) 2021-2034
10.4.6. Latin America Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) by country, 2021-2034
10.5. Middle East & Africa
10.5.1. Middle East & Africa Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Resin Type, (US$ Million) 2021-2034
10.5.2. Middle East & Africa Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Vehicle Type, (US$ Million) 2021-2034
10.5.3. Middle East & Africa Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Application, (US$ Million) 2021-2034
10.5.4. Middle East & Africa Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Substrate, (US$ Million) 2021-2034
10.5.5. Middle East & Africa Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) By Form, (US$ Million) 2021-2034
10.5.6. Middle East & Africa Electric Vehicle Adhesives Market revenue (US$ Million) & Volume (Ton) by country, 2021-2034
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. Henkel AG & Co. KGaA (Germany),
11.2.2. H.B. Fuller (US),
11.2.3. Sika AG (Switzerland),
11.2.4. 3M (US),
11.2.5. Wacker Chemie AG (Germany),
11.2.6. Arkema S.A. (France),
11.2.7. Ashland Inc. (US),
11.2.8. PPG Industries (US),
11.2.9. Parker Hannifin Corporation (US),
11.2.10. Illinois Tool Works Inc. (US
11.2.11. Jowat SE
11.2.12. Permabond LLC
11.2.13. DELO Industrie Klebstoffe GmbH & Co. KGaA
11.2.14. Uniseal, Inc.
11.2.15. Riëd B.V.
11.2.16. L&L Products
11.2.17. Dymax Corporation
11.2.18. WEICON Gmbh & Co. Kg
11.2.19. ThreeBond Co., Ltd.
11.2.20. Evonik Industries Ag
11.2.21. KLEIBERIT SE & Co. KG
11.2.22. Metlok Private Limited
11.2.23. Hexcel Corporation
11.2.24. Lohmann Technologies
11.2.25. US Adhesives.
11.2.26. Others Players
Electric Vehicle Adhesives Market By Application
Electric Vehicle Adhesives Market By Resin Type
Electric Vehicle Adhesives Market By Vehicle Type
Electric Vehicle Adhesives Market By Substrate
Electric Vehicle Adhesives Market By Form
Electric Vehicle Adhesives Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
