The global demand for EV Adhesives Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
EV adhesive is basically a form of sticking material, allowing two parts to stick together without interfering with their operation. They connect parts including battery cells, battery module side panels, cooling plates, and more with greater precision. They provide a strong light link between the battery sections and allow the components to operate smoothly. They offer the ability to attach different materials more quickly with greater flexibility and strength as well as help in improving EV range. They eliminate the use of heavy mechanical fasteners in the design of electronic vehicle batteries. They also reduce vibrations and aid in the absorption of impact, avoiding crashing into parts.
Market Dynamics
The key factor driving the demand for EV adhesives is the increase in the production of electric vehicles and the shift in trend from welding and metal fasteners to EV adhesives. Rising concerns across the globe toward climate change and increasing carbon footprint is surging the demand for this market. Automobile manufacturers increasing investment in EVs due to government regulations and purchase incentives are fostering the demand for this market. Rising R&D activities and growing investment across the automotive industry are expanding the demand for this market. The usage and production of electric vehicles are being encouraged by various governments, which is expected to boost the demand for this market. However, the high cost of battery technology can obstruct the growth of this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of ev adhesives. The growth and trends of ev adhesives industry provide a holistic approach to this study.
Market Segmentation
This section of the ev adhesives market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Polyurethane
- Epoxy
- Silicone
- Others
By Application
- Battary System
- Interior
- Exterior
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the EV Adhesives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global EV Adhesives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ev adhesives market include H.B. Fuller, 3M, Henkel, Sika, Dow, Dupont, Wacker Chemie, Bostik S.A. (Arkema), Lord Corporation, L&L Products, Jowat Se, Ashland, PPG Industries. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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