An extensive study of the global market for adhesives for Electric Vehicles Adhesives Market was recently added to We Markets’ collection of market research reports. This report aims to provide practical insights into the growth prospects of the global electric vehicle adhesives market by analyzing historical growth and the present state of the industry. The verified information in the report is derived from in-depth primary and secondary research. Data-driven insights are a great tool for gaining a deeper understanding of the global market for adhesives for electric vehicles. This aids the user’s developmental strategy even more.
The global electric vehicles adhesives market size was valued at USD 877 Million in 2022 and is anticipated to grow at a compound annual growth rate CAGR of 24.9%, reaching a value of USD 8,699 Million in 2033.
In the modelling or formation of electric vehicle batteries, these adhesives can be used to substitute or eliminate the use of heavy mechanical fasteners. They enable a lighter ad a thinner bond for many battery components, that might improve EV range, as well as the ability to attach different materials more quickly and with greater flexibility and strength than basic bolts and nuts. Adhesives are designed to connect parts like battery cells, cooling plates with greater precision and battery module side panels.
The demand-supply scenario, pricing structure, profit margins, production, and value chain analysis are just a few of the important factors that this report looks at in order to determine how the global electric vehicle adhesives market will grow. Numerous unexplored opportunities in regional and domestic markets are revealed by a regional assessment of the global electric vehicle adhesives market. With thorough company profiling, users can assess pricing strategies, potential for innovation, scope of NPD in new markets, analysis of the company’s shares, and much more.
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Segmentation on the basis of Resin Type
Polyurethane segment holds the highest market share due to its increasing use in the electric vehicles, as it connects to different materials in the cars.
Segmentation on the basis of Form
Among these, liquid segment holds the highest market share. Liquid adhesives are highly recommended for the ability to form a long-lasting and strong bind with cotton and polymers. In fact, they’re commonly seen in the interiors of electric vehicles. Liquid adhesives also help in the improvement of durability and optical properties.
Segmentation on the basis of Application
Exterior segment is expected to become the largest market share. The exterior parts are in high demand because are required in high quantity.
Segmentation on the basis of Vehicle Type
The light motor vehicle holds the largest market share as a result of its growing application in different sectors. The demand for light motor vehicles is growing at an excellent rate. The government’s tough policies on electric mobility have hiked the rise of the light motor vehicle.
Segmentation on the basis of Region
Asia Pacific is seeing the fastest growth and will hold the largest market share among all other regions. China has been the world’s leading manufacturer of electric automobiles.
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Competitive Landscape
Arkema S.A., Ashland Inc., Avery Dennison Corporation, Bostik S.A. (An Arkema Company) Delo Industrie Klebstoffe GmbH & Co. KGaA, DuPont de Nemours, Inc., Dymax Corporation, Evonik Industries AG, H.B. Fuller Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc., Jowat Se, KGaA, L&L Products, LORD Corporation, Lord Corporation, Metlok Private Limited, Permabond LLC, Permabond LLC., Ppg Industries, PPG Industries, Inc., Ried B.V., Sika AG., Wacker Chemie AG, OthersHenkel, Arkema, Huntsman, Sika, H.B. Fuller.
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