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Electrical Vehicle Adhesives Market Trends

  • Report ID: GMI6316
  • Published Date: Jul 2023
  • Report Format: PDF

Electrical Vehicle Adhesives Market Trends

Electric vehicles place a strong emphasis on reducing weight to improve energy efficiency and extend driving range. As a result, there was a growing trend of using lightweight materials such as composites, aluminum, and high-strength steels in EV construction. Adhesives played a crucial role in joining these materials together, providing structural integrity while minimizing weight. As electric vehicle technology advanced, the demand for adhesives with specific properties increased. Manufacturers were looking for adhesives that could withstand higher temperatures, offer excellent thermal management properties, and provide strong and durable bonds for critical components like batteries and power electronics. Thus, the growing prevalence and uses is expected to expedite the Electrical vehicle adhesives industry expansion.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for electrical vehicle adhesives value was around USD 1.4 billion in 2023 and will reach USD 14.6 billion by 2032.

Electrical vehicle adhesives industry share from the battery pack assembly segment will record around 26% CAGR from 2023 to 2032 as adhesives with good thermal conductivity and resistance are used for bonding battery cells and modules to ensure the structural integrity and safety of the battery pack.

U.S. electrical vehicle adhesives size was USD 0.23 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 owing to the rising consumer interest in eco-friendly and sustainable transportation, along with advancements in EV technology.

Henkel AG & Co. KGaA, Henkel AG & Co. KGaA, Sika AG, Dow Inc, H.B. Fuller Company, Bostik SA, Permabond Engineering Adhesives Ltd, Lord Corporation, Jowat SE, Ashland Global Holdings Inc among others.

Electrical Vehicle Adhesives Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 301
  • Countries covered: 21
  • Pages: 180
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