Stratview Research

The global electric vehicle adhesives market is projected to witness a growth rate of 25.1% annually from 2024 to 2032, with an anticipated size of US$ 607.3 million by 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global electric vehicle adhesives market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:

Market Size in 2032: US$ 607.3 million

Growth (CAGR): 25.1% during 2024-2032

Forecast Period: 2024-2032

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Segment Insights on the Electric Vehicle Adhesives Market:

The global Electric Vehicle Adhesives market is segmented based on Vehicle type, Application type, and Region.

Based on vehicle type – Battery Electric Vehicles (BEVs) are the fastest-growing segment. BEVs don’t emit tailpipe emissions, which consequently would align perfectly with the global goal of sustainability that attracts consciousness among environmentally aware consumers. Continuous advancements in the efficiency and range of batteries make BEVs more practical and attractive for the daily commute. Incremental expansion of charging networks along with government incentives will further encourage BEV adoption and enhance consumer confidence in electric mobility.

Based on application type – Pack and module bonding tends to be the fastest-developing segment. The packaging and bonding of packs and modules are being simplified to reduce process times and costs in production, critical as EV solutions experience increased volume buildup. Improved reinforcement of the structure of battery systems by proper bonding techniques is going to enhance performance and safety for electric vehicles. The advanced bonding methods offer an opportunity for using lighter materials that will help optimize vehicle weight, hence improving the range in EVs.

To know the most attractive segments, visit:

https://www.stratviewresearch.com/1090/electric-vehicle-adhesives-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

Asia-Pacific is the leading region in the electric vehicle adhesives market. The amount of electric vehicles manufactured in the Asia-Pacific region, particularly in China, has catapulted the demand for adhesives in EV assembly. The region is at the vanguard of innovations in battery technology. This requires special adhesives to enhance their performance and safety in EVs. Governmental policies and other subsidies to encourage the adoption of electric vehicles have thereby created a conducive environment for investments and growth in such sectors as adhesives.

Electric Vehicle Adhesives Market Drivers:

Some of the key drivers listed in the report are given below.

• The increased requirement for electric vehicles and advanced materials that improve performance, efficiency, and sustainability. Adhesives play a critical role in EV assembly because they allow the bonding of various components of the EV in the form of batteries, lightweight materials, and structural elements, and reduce weight while being energy efficient.

• The market is seeing a strong thrust in adhesive formulations-thermosetting, thermoplastic, and pressure-sensitive-which is also driven by the transition to electric mobility and the push toward sustainable automotive solutions. Manufacturers’ thrust in innovation and the build-up of regulatory pressure on greener technologies ensure easy times for related markets.

Top Companies in the Electric Vehicle Adhesives Market:

Stratview Research has identified the following companies as the top market players.

• Henkel

• 3M

• DuPont

• H.B. Fuller

• Sika

• Lord Corporation

• Arkema

• BASF

• Huntsman Corporation

• Avery Dennison

Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Electric Vehicle Adhesives Market, answering critical questions like:

• How big is the sales opportunity?

• Which regions offer the best sales opportunities?

• Which are the most attractive market segments?

• Which are the top players and their market positioning?

• How complex is the business environment?

• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at – sales@stratviewresearch.com

Explore more reports here:

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• Electric Vehicle (EV) Fasteners Market: https://www.stratviewresearch.com/3903/electric-vehicle-ev-fasteners-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.