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Electric Vehicle Adhesives Market By Resin Type (Epoxy, Polyurethane, Silicone, Acrylic) By Application (Exterior, Interior, Powertrain): Growth, Future Prospects, and Competitive Analysis, 2015 – 2027

Published: | Report ID: 5077 | Report Format : PDF

Market Insights

During the forecast period 2021-2027, the electric vehicle adhesives market is expected to grow at a CAGR of 36.1%. The market is estimated to be worth US$ 410.2 million in 2021 and will generate US$ 2,605.2 million by 2027. Adhesives and sealants have played a significant role in developing hybrid and battery electric vehicle battery cells, modules, packs, and motors and will continue to do so. Adhesives are also used in the paint, bodywork, and car assembly of electric vehicles. In addition, OEMs make significant efforts to reduce the weight of the body, interior, and engine components because reducing the weight of EV components helps to extend their range. As a result, non-traditional or inappropriate materials, such as lightweight composite tailgates for SUVs or hatchbacks, are frequently required in EVs.

Global Electric Vehicle Adhesives Market

 

Heat management in electric vehicles is in high demand.

Heat management is a major concern for electric car manufacturers and component suppliers. Thermally conductive adhesives and potting compounds protect electronics in demanding applications by providing solid electrical insulation and heat transmission, and many of the compounds are flame retardants. These components are used in batteries, transformers, electric motors, coils, sensors, and other applications where heat must be dispersed away from the electronics.

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In the market, the electric car segment holds a strong position.

The market is divided into four segments based on vehicle type: electric car, electric bus, electric bike, and electric truck. The electric car category accounts for the market’s dominant position and is expected to maintain its dominance throughout the forecast period. Growing environmental concerns due to ICE vehicles have fueled market demand for electric vehicles. Furthermore, during the forecast period, the EV market will be driven by the implementation of favorable EV regulations and technological advances in the value chain. As a result, the rise of electric vehicles is expected to drive the growth of electric vehicle adhesives over the forecasted period.

The Asia Pacific will be the largest market for electric vehicle adhesives.

Based on region, the market is divided into North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. The Asia Pacific electric vehicle adhesives market dominated in 2020 and is expected to maintain its dominance during the forecast period, followed by Europe and North America. China, Japan, South Korea, India, and Australia are among the major countries driving the market in this region. The availability of low-cost labor in Asia Pacific countries, particularly India and China, can provide significant investment opportunities for corporations. In addition, government efforts and the government’s planned entrepreneurship development program may open up new industrial and infrastructure development avenues. All of these factors are likely to drive the APAC market.

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Global Electric Vehicle Adhesives Market Key Players:

3M, Ashland, Bostik S.A., Delo Industrie Klebstoffe GmbH & Co. KGaA, Dowdupont, H.B. Fuller, Henkel, Jowat Se, L&L Products, Lord Corporation, Permabond LLC., PPG Industries, Sika AG, Uniseal, Inc., Wacker Chemie AG are some of the key players operating in the global electric vehicle adhesives market. Companies in the electric car adhesives industry are pursuing alliances and acquisitions as a business strategy to expand their market presence. For example: In November 2018, Henkel formed a strategic partnership with RLE International to develop innovative e-mobility concepts and lightweight breakthroughs. In February 2020, H.B Fuller acquired certain DHM assets. Adhesives, Inc. DHM, based in Calhoun, Georgia, produces hotmelt adhesives.

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Electric Vehicle Adhesives Market

3.Market Dynamics & Factors Analysis

3.1.Introduction
3.1.1. Global Electric Vehicle Adhesives Market Value, 2015-2027, (US$ Mn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Application
3.3.2.Resin Type
3.3.3.Form
3.3.4.Vehicle Type
3.3.5.Substrate
3.3.6.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Applications
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 3 Players
4.3.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Electric Vehicle Adhesives Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Electric Vehicle Adhesives Market, by Country, 2015-2027(US$ Mn)
6.1.1.U.S.
6.1.2.Canada
6.2.North America Electric Vehicle Adhesives Market, by Application, 2015-2027(US$ Mn)
6.2.1.Overview
6.2.2.Powertrain Systems
6.2.3.Exterior
6.2.4.Interior
6.3.North America Electric Vehicle Adhesives Market, by Resin Type, 2015-2027(US$ Mn)
6.3.1.Overview
6.3.2.Epoxy
6.3.3.Polyurethane
6.3.4.Silicone
6.3.5.Acrylic
6.4.North America Electric Vehicle Adhesives Market, by Form, 2015-2027(US$ Mn)
6.4.1.Overview
6.4.2.Liquid
6.4.3.Film & Tape
6.4.4.Others
6.5.North America Electric Vehicle Adhesives Market, by Vehicle Type, 2015-2027(US$ Mn)
6.5.1.Overview
6.5.2.Electric Car
6.5.3.Electric Bus
6.5.4.Electric Bike
6.5.5.Electric Truck
6.6.North America Electric Vehicle Adhesives Market, by Substrate, 2015-2027(US$ Mn)
6.6.1.Overview
6.6.2.Polymer
6.6.3.Composite
6.6.4.Metal
6.6.5.Others

7.Europe

7.1.Europe Electric Vehicle Adhesives Market, by Country, 2015-2027(US$ Mn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Rest of Europe
7.2.Europe Electric Vehicle Adhesives Market, by Application, 2015-2027(US$ Mn)
7.2.1.Overview
7.2.2.Powertrain Systems
7.2.3.Exterior
7.2.4.Interior
7.3.Europe Electric Vehicle Adhesives Market, by Resin Type, 2015-2027(US$ Mn)
7.3.1.Overview
7.3.2.Epoxy
7.3.3.Polyurethane
7.3.4.Silicone
7.3.5.Acrylic
7.4.Europe Electric Vehicle Adhesives Market, by Form, 2015-2027(US$ Mn)
7.4.1.Overview
7.4.2.Liquid
7.4.3.Film & Tape
7.4.4.Others
7.5.Europe Electric Vehicle Adhesives Market, by Vehicle Type, 2015-2027(US$ Mn)
7.5.1.Overview
7.5.2.Electric Car
7.5.3.Electric Bus
7.5.4.Electric Bike
7.5.5.Electric Truck
7.6.Europe Electric Vehicle Adhesives Market, by Substrate, 2015-2027(US$ Mn)
7.6.1.Overview
7.6.2.Polymer
7.6.3.Composite
7.6.4.Metal
7.6.5.Others

8.Asia Pacific

8.1.Asia Pacific Electric Vehicle Adhesives Market, by Country, 2015-2027(US$ Mn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.Rest of Asia Pacific
8.2.Asia Pacific Electric Vehicle Adhesives Market, by Application, 2015-2027(US$ Mn)
8.2.1.Overview
8.2.2.Powertrain Systems
8.2.3.Exterior
8.2.4.Interior
8.3.Asia Pacific Electric Vehicle Adhesives Market, by Resin Type, 2015-2027(US$ Mn)
8.3.1.Overview
8.3.2.Epoxy
8.3.3.Polyurethane
8.3.4.Silicone
8.3.5.Acrylic
8.4.Asia Pacific Electric Vehicle Adhesives Market, by Form, 2015-2027(US$ Mn)
8.4.1.Overview
8.4.2.Liquid
8.4.3.Film & Tape
8.4.4.Others
8.5.Asia Pacific Electric Vehicle Adhesives Market, by Vehicle Type, 2015-2027(US$ Mn)
8.5.1.Overview
8.5.2.Electric Car
8.5.3.Electric Bus
8.5.4.Electric Bike
8.5.5.Electric Truck
8.6.Asia Pacific Electric Vehicle Adhesives Market, by Substrate, 2015-2027(US$ Mn)
8.6.1.Overview
8.6.2.Polymer
8.6.3.Composite
8.6.4.Metal
8.6.5.Others

9.Latin America

9.1.Latin America Electric Vehicle Adhesives Market, by Country, 2015-2027(US$ Mn)
9.1.1.Brazil
9.1.2.Mexico
9.1.3.Argentina
9.1.4.Rest of Latin America
9.2.Latin America Electric Vehicle Adhesives Market, by Application, 2015-2027(US$ Mn)
9.2.1.Overview
9.2.2.Powertrain Systems
9.2.3.Exterior
9.2.4.Interior
9.3.Latin America Electric Vehicle Adhesives Market, by Resin Type, 2015-2027(US$ Mn)
9.3.1.Overview
9.3.2.Epoxy
9.3.3.Polyurethane
9.3.4.Silicone
9.3.5.Acrylic
9.4.Latin America Electric Vehicle Adhesives Market, by Form, 2015-2027(US$ Mn)
9.4.1.Overview
9.4.2.Liquid
9.4.3.Film & Tape
9.4.4.Others
9.5.Latin America Electric Vehicle Adhesives Market, by Vehicle Type, 2015-2027(US$ Mn)
9.5.1.Overview
9.5.2.Electric Car
9.5.3.Electric Bus
9.5.4.Electric Bike
9.5.5.Electric Truck
9.6.Latin America Electric Vehicle Adhesives Market, by Substrate, 2015-2027(US$ Mn)
9.6.1.Overview
9.6.2.Polymer
9.6.3.Composite
9.6.4.Metal
9.6.5.Others

10.Middle East

10.1.Middle East Electric Vehicle Adhesives Market, by Country, 2015-2027(US$ Mn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Rest of Middle East
10.2.Middle East Electric Vehicle Adhesives Market, by Application, 2015-2027(US$ Mn)
10.2.1.Overview
10.2.2.Powertrain Systems
10.2.3.Exterior
10.2.4.Interior
10.3.Middle East Electric Vehicle Adhesives Market, by Resin Type, 2015-2027(US$ Mn)
10.3.1.Overview
10.3.2.Epoxy
10.3.3.Polyurethane
10.3.4.Silicone
10.3.5.Acrylic
10.4.Middle East Electric Vehicle Adhesives Market, by Form, 2015-2027(US$ Mn)
10.4.1.Overview
10.4.2.Liquid
10.4.3.Film & Tape
10.4.4.Others
10.5.Middle East Electric Vehicle Adhesives Market, by Vehicle Type, 2015-2027(US$ Mn)
10.5.1.Overview
10.5.2.Electric Car
10.5.3.Electric Bus
10.5.4.Electric Bike
10.5.5.Electric Truck
10.6.Middle East Electric Vehicle Adhesives Market, by Substrate, 2015-2027(US$ Mn)
10.6.1.Overview
10.6.2.Polymer
10.6.3.Composite
10.6.4.Metal
10.6.5.Others

11.Africa

11.1.Africa Electric Vehicle Adhesives Market, by Country, 2015-2027(US$ Mn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Electric Vehicle Adhesives Market, by Application, 2015-2027(US$ Mn)
11.2.1.Overview
11.2.2.Powertrain Systems
11.2.3.Exterior
11.2.4.Interior
11.3.Africa Electric Vehicle Adhesives Market, by Resin Type, 2015-2027(US$ Mn)
11.3.1.Overview
11.3.2.Epoxy
11.3.3.Polyurethane
11.3.4.Silicone
11.3.5.Acrylic
11.4.Africa Electric Vehicle Adhesives Market, by Form, 2015-2027(US$ Mn)
11.4.1.Overview
11.4.2.Liquid
11.4.3.Film & Tape
11.4.4.Others
11.5.Africa Electric Vehicle Adhesives Market, by Vehicle Type, 2015-2027(US$ Mn)
11.5.1.Overview
11.5.2.Electric Car
11.5.3.Electric Bus
11.5.4.Electric Bike
11.5.5.Electric Truck
11.6.Africa Electric Vehicle Adhesives Market, by Substrate, 2015-2027(US$ Mn)
11.6.1.Overview
11.6.2.Polymer
11.6.3.Composite
11.6.4.Metal
11.6.5.Others

12.Global

12.1.Global Electric Vehicle Adhesives Market, by Application, 2015-2027(US$ Mn)
12.1.1.Overview
12.1.2.Powertrain Systems
12.1.3.Exterior
12.1.4.Interior
12.2.Global Electric Vehicle Adhesives Market, by Resin Type, 2015-2027(US$ Mn)
12.2.1.Overview
12.2.2.Epoxy
12.2.3.Polyurethane
12.2.4.Silicone
12.2.5.Acrylic
12.3.Global Electric Vehicle Adhesives Market, by Form, 2015-2027(US$ Mn)
12.3.1.Overview
12.3.2.Liquid
12.3.3.Film & Tape
12.3.4.Others
12.4.Global Electric Vehicle Adhesives Market, by Vehicle Type, 2015-2027(US$ Mn)
12.4.1.Overview
12.4.2.Electric Car
12.4.3.Electric Bus
12.4.4.Electric Bike
12.4.5.Electric Truck
12.5.Global Electric Vehicle Adhesives Market, by Substrate, 2015-2027(US$ Mn)
12.5.1.Overview
12.5.2.Polymer
12.5.3.Composite
12.5.4.Metal
12.5.5.Others

13.Company Profiles

13.1.3M
13.2.Ashland
13.3.Bostik S.A. (An Arkema Company)
13.4.Delo Industrie Klebstoffe GmbH & Co. KGaA
13.5.Dowdupont
13.6.H.B. Fuller
13.7.Henkel
13.8.Jowat Se
13.9.L&L Products
13.10.Lord Corporation
13.11.Permabond LLC.
13.12.PPG Industries
13.13.Sika AG
13.14.Uniseal, Inc.
13.15.Wacker Chemie AG

List of Figures

List of Figures

FIG. 1 Global Electric Vehicle Adhesives Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Electric Vehicle Adhesives Market Segmentation

FIG. 4 Global Electric Vehicle Adhesives Market, by Product, 2019 (US$ Mn)

FIG. 5 Global Electric Vehicle Adhesives Market, by End-user, 2019 (US$ Mn)

FIG. 6 Global Electric Vehicle Adhesives Market, by Geography, 2019 (US$ Mn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Electric Vehicle Adhesives Market Manufacturers, 2019

FIG. 9 Global Electric Vehicle Adhesives Market Value Contribution, By Type of Metal Extracted, 2019 & 2027 (Value %)

FIG. 10 Global Electric Vehicle Adhesives Market, by Metal 1, Value, 2015-2027 (US$ Mn)

FIG. 11 Global Electric Vehicle Adhesives Market, by Metal 2, Value, 2015-2027 (US$ Mn)

FIG. 12 Global Electric Vehicle Adhesives Market, by Metal 3, Value, 2015-2027 (US$ Mn)

FIG. 13 Global Electric Vehicle Adhesives Market, by Metal 4, Value, 2015-2027 (US$ Mn)

FIG. 14 Global Electric Vehicle Adhesives Market, by Metal 5, Value, 2015-2027 (US$ Mn)

FIG. 15 Global Electric Vehicle Adhesives Market, by Others, Value, 2015-2027 (US$ Mn)

FIG. 16 Global Electric Vehicle Adhesives Market Value Contribution, By Resin Type, 2019 & 2027 (Value %)

FIG. 17 Global Electric Vehicle Adhesives Market, by Process 1, Value, 2015-2027 (US$ Mn)

FIG. 18 Global Electric Vehicle Adhesives Market, by Process 2, Value, 2015-2027 (US$ Mn)

FIG. 19 Global Electric Vehicle Adhesives Market, by Process 3, Value, 2015-2027 (US$ Mn)

FIG. 20 U.S. Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

FIG. 21 Rest of North America Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

FIG. 22 U.K. Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

FIG. 23 Germany Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

FIG. 24 France Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

FIG. 25 Rest of Europe Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

FIG. 26 Japan Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

FIG. 27 China Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

FIG. 28 India Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

FIG. 29 Rest of Asia Pacific Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

FIG. 30 Middle East & Africa Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

FIG. 31 Latin America Electric Vehicle Adhesives Market, 2015-2027 (US$ Mn)

List of Tables

List of Tables

TABLE 1 Market Snapshot: Global Electric Vehicle Adhesives Market

TABLE 2 Global Electric Vehicle Adhesives Market, by Type of Metal Extracted, 2015-2027 (US$ Mn)

TABLE 3 Global Electric Vehicle Adhesives Market, by Resin Type, 2015-2027 (US$ Mn)

TABLE 4 Global Electric Vehicle Adhesives Market, by Application, 2015-2027 (US$ Mn)

TABLE 5 Global Electric Vehicle Adhesives Market, by Geography, 2015-2027 (US$ Mn)

TABLE 6 North America Electric Vehicle Adhesives Market, by Type of Metal Extracted, 2015-2027 (US$ Mn)

TABLE 7 North America Electric Vehicle Adhesives Market, by Resin Type, 2015-2027 (US$ Mn)

TABLE 8 North America Electric Vehicle Adhesives Market, by Country, 2015-2027 (US$ Mn)

TABLE 9 Europe Electric Vehicle Adhesives Market, by Type of Metal Extracted, 2015-2027 (US$ Mn)

TABLE 10 Europe Electric Vehicle Adhesives Market, by Resin Type, 2015-2027 (US$ Mn)

TABLE 11 Europe Electric Vehicle Adhesives Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 12 Asia Pacific Electric Vehicle Adhesives Market, by Type of Metal Extracted, 2015-2027 (US$ Mn)

TABLE 13 Asia Pacific Electric Vehicle Adhesives Market, by Resin Type, 2015-2027 (US$ Mn)

TABLE 14 Asia Pacific Electric Vehicle Adhesives Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 15 Latin America Electric Vehicle Adhesives Market, by Type of Metal Extracted, 2015-2027 (US$ Mn)

TABLE 16 Latin America Electric Vehicle Adhesives Market, by Resin Type, 2015-2027 (US$ Mn)

TABLE 17 Latin America Electric Vehicle Adhesives Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 18 Middle East Electric Vehicle Adhesives Market, by Type of Metal Extracted, 2015-2027 (US$ Mn)

TABLE 19 Middle East Electric Vehicle Adhesives Market, by Resin Type, 2015-2027 (US$ Mn)

TABLE 20 Middle East Electric Vehicle Adhesives Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 21 Africa Electric Vehicle Adhesives Market, by Type of Metal Extracted, 2015-2027 (US$ Mn)

TABLE 22 Africa Electric Vehicle Adhesives Market, by Resin Type, 2015-2027 (US$ Mn)

TABLE 23 Africa Electric Vehicle Adhesives Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 24 Company 01: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 25 Company 2: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 26  Company 3: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 27 Company 4.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 28 Company 5: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 29  Company 6: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 30 Company 7: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 34 Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 35 Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

What is the current size of the global Electric Vehicle Adhesives market?

The market is estimated to be worth US$ 410.2 million in 2021 and will generate US$ 2,605.2 million by 2027.

What are the major opportunities in Electric Vehicle Adhesives industry?

Some of the market’s key growth opportunities include the upcoming expansion of battery Gigafactories and the potential for growth of autonomous electric vehicles.

What is major growth driving factor for Electric Vehicle Adhesives industry?

The major driving drivers in the industry are growing customer desire for electric cars, supported by government incentives and supportive government regulations to decrease hazardous emissions.

Which region is expected to have the largest share of the Electric Vehicle Adhesives market?

The Asia Pacific region is expected to account for the majority of market share.

Who are the major players in Electric Vehicle Adhesives market?

3M, Ashland, Bostik S.A. (An Arkema Company), Delo Industrie Klebstoffe GmbH & Co. KGaA, Dowdupont, H.B. Fuller, Henkel, Jowat Se, L&L Products, Lord Corporation, Permabond LLC., PPG Industries, Sika AG, Uniseal, Inc., Wacker Chemie AG

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