Electric Vehicle Adhesives Market on By Vehicle Type (BEV, PHEV), By Application (Pack & Module Bonding, Battery Cell Encapsulation), and Region – Global Forecast up to 2030

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Demand from emerging countries is increasing in the market for automotive adhesives. The expanding market demand is greatly influenced by the Asia Pacific region. One of the main forces driving this market is demand from the Asia Pacific region. The China Adhesives Association claims that it is a market leader for this particular product. This nation outperforms its rivals in terms of demand and output.

The total demand for automotive adhesives is rising as a result of demand from this important area. Adhesives are widely used and expensive. It benefits China’s overall expansion of automotive adhesives. Another significant market driver is the demand from Japan. In this area, there is a greater demand for eco-friendly automobile adhesives. The government has placed VOC limits in this area.

Research Methodology:

Additionally, the market for autonomous electric vehicles (EVs) is expected to increase in a positive manner. Electric autonomous cars are robotic and driverless. They have self-driving capabilities that are advantageous in smart cities. The usage of autonomous cars is being localised in several nations. The majority of automobiles are anticipated to be autonomous by 2030. These are the most dependable and reasonably priced forms of transportation. These cars’ high-end driver aid systems include a lot of functions. Among the most important components of this vehicle are its sophisticated radar, cameras, and sensors. At the moment, these cars are adopted at a 20% rate. The adoption rate will be quite high in the following few years, nevertheless. Different kinds of adhesives are necessary for autonomous cars. The primary participants share is given below:

market research report

Electric Vehicle Adhesives Market based on Type:

Battery electric vehicle
Plug-in hybrid electric vehicle

Electric Vehicle Adhesives Market on End Use:

Pack & module bonding
Thermal interface bonding
Battery cell encapsulation
Others

Electric Vehicle Adhesives Market based on Geography:

North America
- US
- Canada
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa

The market has been divided into battery electric vehicles (BEV) and plug-in hybrid electric cars (PHEV) based on the kind of vehicle. As of 2019, PHEVs held the biggest volume share (51.3%), but by 2027, BEVs are predicted to overtake PHEVs as the most popular vehicle type.

Comparing BEVs with PHEVs, more adhesives are used by the former. By 2030, the stock of BEVs is expected to grow rapidly, notably in the passenger light-duty vehicle market, the IEA predicts. The increase in investments in BEV manufacturing might be a sign of rising output.

For instance, according to press reports from May 2019, a joint venture between OEM Anhui Jianghuai Automobile and Volkswagen was given approval to start building their BEV facility. According to Volkswagen, the joint venture intends to produce 22 million electric vehicles over the next ten years, with China accounting for half of that total. Over the course of the projection period, it is anticipated that BEVs’ high adhesive consumption combined with their increased production would have a very positive impact on the worldwide market.

Pack and module bonding, thermal interface bonding, battery cell encapsulation, and others are the market segments based on application. With a volume share of 41.6%, the pack and module bonding category was the largest in 2019. Adhesives are used in the manufacturing of the battery packs for electric powertrains, which has a number of advantages including improved crashworthiness and integrity of the battery pack, lightweight, bonding of numerous substrates, and bonding of uncoated metal.

In terms of volume, thermal interface bonding was the second-largest application sector in 2019. Reduced battery size increases heat generation that needs to be dispersed, which calls for the use of suitable thermal interface materials that can combine insulation with high thermal conductivity and low viscosity. Due to the lack of fasteners in this situation, adhesives that can offer mechanical stiffness, thermal connection, and design flexibility are required. Henkel introduced liquid gap fillers without silicone for EVs in April 2019, coupled with a brand-new item with a 3.0 W/m-K thermal conductivity. It is projected that rising R&D efforts would result in the introduction of new kinds of adhesives for electric cars.

Due to increasing expenditures in EV production, North America is anticipated to be the fastest expanding regional market throughout the projected period, with a volume-based CAGR of 52%. For instance, in July 2019, LG Chem revealed its intention to construct a second plant for the manufacture of EV batteries in the United States. One of the top battery makers, LG Chem provides its goods to well-known businesses like Volkswagen and General Motors. In 2022, the facility is anticipated to start producing. The region’s expanding manufacturing of EVs and batteries is anticipated to drive market expansion.

The business manufactures commercial vans out of composite materials that are corrosion and UV resistant, recyclable, and projected to extend the life of the vehicle by 15-20 years. The manufacturing of electric vehicles is anticipated to increase as a result of these manufacturer activities, increasing the need for adhesives.

This report illustrates the most vital attributes of the Electric Vehicle Adhesives Market, which are driving and providing opportunities.
This research gives an in-depth analysis of the Electric Vehicle Adhesives Market growth on the basis of several segments in the market.
This report presents the predictions of the past and present trends of the Electric Vehicle Adhesives Market.
This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Electric Vehicle Adhesives Market.

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Table Of Content

Executive Summary
Industry Outlook
- Industry Overview
- Industry Trends
Market Snapshot
- Market Definition
- Market Outlook
  - Porter Five Forces
- Related Markets
Market characteristics
- Market Overview
- Market Segmentation
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunities
- DRO – Impact Analysis
Type: Market Size & Analysis
- Overview
- Battery electric vehicle
- Plug-in hybrid electric vehicle
End Use: Market Size & Analysis
- Overview
- Pack & module bonding
- Thermal interface bonding
- Battery cell encapsulation
- Others
Geography: Market Size & Analysis
- Overview
- North America (U.S., Mexico, Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia, Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, South East Asia, Rest of APAC)
- Latin America (Brazil, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)
Competitive Landscape
- Competitor Comparison Analysis
- Market Developments
  - Mergers and Acquisitions, Legal, Awards, Partnerships
  - Product Launches and execution

Vendor Profiles
- Henkel
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Sika AG
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- B. Fuller
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- 3M
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Lord Corporation
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Ashland
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Bostik
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Jowat SE
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- PPG Industries
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Permabond
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy

Analyst Opinion
Annexure
- Report Scope
- Market Definitions
- Research Methodology
  - Data Collation and In-house Estimation
  - Market Triangulation
  - Forecasting
- Report Assumptions
- Declarations
- Stakeholders
- Abbreviations

Methodology

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary data bases and Models)
Market Triangulation
Forecasting

List of Tables

TABLE 1. ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 2. ELECTRIC VEHICLE ADHESIVES MARKET FOR BATTERY ELECTRIC VEHICLE, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 3. ELECTRIC VEHICLE ADHESIVES MARKET FOR PLUG-IN HYBRID ELECTRIC VEHICLE, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 4. ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 5. ELECTRIC VEHICLE ADHESIVES MARKET FOR PACK & MODULE BONDING, 2021-2030 (USD BILLION)

TABLE 6. ELECTRIC VEHICLE ADHESIVES MARKET FOR THERMAL INTERFACE BONDING, 2021-2030 (USD BILLION)

TABLE 7. ELECTRIC VEHICLE ADHESIVES MARKET FOR BATTERY CELL ENCAPSULATION, 2021-2030 (USD BILLION)

TABLE 8. ELECTRIC VEHICLE ADHESIVES MARKET FOR OTHERS, 2021-2030 (USD BILLION)

TABLE 9. NORTH AMERICA ELECTRIC VEHICLE ADHESIVES MARKET, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 10. NORTH AMERICA ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 11. NORTH AMERICA ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 12. U.S ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 13. U.S ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 14. CANADA ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 15. CANADA ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 16. MEXICO ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 17. MEXICO ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 18. EUROPE ELECTRIC VEHICLE ADHESIVES MARKET, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 19. EUROPE ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 20. EUROPE ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 21. EUROPE ELECTRIC VEHICLE ADHESIVES MARKET, RANGE, 2021-2030 (USD BILLION)

TABLE 22. GERMANY ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 23. GERMANY ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 24. U.K ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 25. U.K ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 26. FRANCE ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 27. FRANCE ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 28. ITALY ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 29. ITALY ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 30. SPAIN ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 31. SPAIN ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 32. ROE ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 33. ROE ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 34. ASIA PACIFIC ELECTRIC VEHICLE ADHESIVES MARKET, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 35. ASIA PACIFIC ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 36. ASIA PACIFIC ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 37. CHINA ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 38. CHINA ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 39. INDIA ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 40. INDIA ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 41. JAPAN ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 42. JAPAN ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 43. REST OF APAC ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 44. REST OF APAC ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 45. LATIN AMERICA ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 46. LATIN AMERICA ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 47. BRAZIL ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 48. BRAZIL ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 49. ARGENTINA ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 50. ARGENTINA ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 51. MIDDLE EAST AND AFRICA ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 52. MIDDLE EAST AND AFRICA ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 53. SAUDI ARABIA ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 54. SAUDI ARABIA ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 55. UAE ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 56. UAE ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 57. REST OF MIDDLE EAST AND AFRICA ELECTRIC VEHICLE ADHESIVES MARKET, BY TYPE, 2021-2030 (USD BILLION)

TABLE 58. REST OF MIDDLE EAST AND AFRICA ELECTRIC VEHICLE ADHESIVES MARKET, BY END USE, 2021-2030 (USD BILLION)

TABLE 59. HENKEL: FINANCIALS

TABLE 60. HENKEL: PRODUCTS & SERVICES

TABLE 61. HENKEL: RECENT DEVELOPMENTS

TABLE 62. SIKA AG: FINANCIALS

TABLE 63. SIKA AG: PRODUCTS & SERVICES

TABLE 64. SIKA AG: RECENT DEVELOPMENTS

TABLE 65. H.B. FULLER: FINANCIALS

TABLE 66. H.B. FULLER: PRODUCTS & SERVICES

TABLE 67. H.B. FULLER: RECENT DEVELOPMENTS

TABLE 68. 3M: FINANCIALS

TABLE 69. 3M: PRODUCTS & SERVICES

TABLE 70. 3M: RECENT DEVELOPMENTS

TABLE 71. LORD CORPORATION: FINANCIALS

TABLE 72. LORD CORPORATION: PRODUCTS & SERVICES

TABLE 73. LORD CORPORATION: RECENT DEVELOPMENTS

TABLE 74. ASHLAND: FINANCIALS

TABLE 75. ASHLAND: PRODUCTS & SERVICES

TABLE 76. ASHLAND: RECENT DEVELOPMENTS

TABLE 77. BOSTIK: FINANCIALS

TABLE 78. BOSTIK: PRODUCTS & SERVICES

TABLE 79. BOSTIK: RECENT DEVELOPMENTS

TABLE 80. JOWAT SE: FINANCIALS

TABLE 81. JOWAT SE: PRODUCTS & SERVICES

TABLE 82. JOWAT SE: RECENT DEVELOPMENTS

TABLE 83. PPG INDUSTRIES: FINANCIALS

TABLE 84. PPG INDUSTRIES: PRODUCTS & SERVICES

TABLE 85. PPG INDUSTRIES: RECENT DEVELOPMENTS

TABLE 86. PERMABOND: FINANCIALS

TABLE 87. PERMABOND: PRODUCTS & SERVICES

TABLE 88. PERMABOND: RECENT DEVELOPMENTS