Electric Vehicle Adhesives Markets: Power Train, Exterior, Interior, Resin Type, Substrate, Liquid, Film & Tape – Global Forecast to 2026 – ResearchAndMarkets.com


DUBLIN – (COMMERCIAL THREAD) – The “Global Electric Vehicle Adhesives Market By Application (Powertrain, Exterior, Interior), Resin Type, Substrate, Shape (Liquid, Film & Tape), Vehicle Type (Electric Car, Electric Bus, Electric Bicycle) , electric truck), and Region – Forecast to 2026 “has been added to ResearchAndMarkets.com offer.

The global electric vehicle adhesives market size is estimated to be USD 0.4 billion in 2021 and is projected to reach USD 1.8 billion by 2026, at a CAGR of 44.7% between 2021 and 2026.

An adhesive is a chemical substance used to join materials (substrates), the same or different, by their surfaces. EV adhesives are used in a variety of applications such as white body, paint shop, powertrain and assembly. In this report, the market has been defined as the adhesives used in electric vehicles (EVs). The types of electric vehicles considered are the electric car, the electric bus, the electric bicycle (2 wheels) and the electric truck. Polymer, composite and metal have been considered the primary substrates on which EV adhesives are used.

The application of EV adhesives is increasing due to various requirements from automotive manufacturers, such as bonding of similar and dissimilar materials, substitution of traditional substrate materials with synthetic substrates, and increasing attention to environmental concerns. EV adhesives address various engineering and design issues because they have the ability to resist vibration, are lightweight, and allow stress distribution over a wide area.

Exterior application is expected to be the largest application segment in the electric vehicle adhesives market

The increasing production and sale of electric cars has increased the demand for batteries, electric motors, doors, instrument cluster, infotainment system, seats, various panels and charging outlets. Batteries are the most important components in electric cars because they provide power to the car.

The car battery is heavier than other parts. In order to counter the weight of the batteries and reduce the overall weight of electric cars, lightweight materials are used in electric car applications. In the electric vehicle industry, adhesives are used in place of welds, screws, rivets, gaskets and fasteners, which allows automakers to lighten the vehicle. Autonomy is one of the concerns of electric vehicles. Automakers tackle this problem by increasing the capacity of the vehicle’s battery.

The design of electric vehicles should be lightweight to counter the weight of the battery system used in electric vehicles. Bonding dissimilar materials is done using structural adhesives to replace fasteners, rivets and spot welding, which helps reduce vehicle weight. The use of structural adhesives also addresses the issue of impact resistance and safety of battery systems in electric vehicles. With the continuous development of technology, the consumption of adhesives in exterior parts of electric vehicles will further increase during the forecast period.

Polyurethane Expected to be the Largest Resin Type Segment in the Electric Vehicle Adhesives Market

The use of adhesives in electric vehicles is expected to increase during the forecast period. The various applications of adhesives in electric vehicles require different types of adhesives derived from resins such as epoxy, polyurethane, silicone and acrylic. Adhesives made from different resins have different properties and are chosen according to the specific application.

Polyurethane adhesives are made from urethane polymers. They exhibit extraordinary elasticity and elongation up to 600% before breaking. There are three types of polyurethane adhesives, two-component polyurethane adhesives, one-component rigid polyurethane adhesives, and two-component elastic polyurethane adhesives. Bonds of polyurethane adhesives form in two stages: first, the adhesive cools to achieve hold-down strength, and second, the adhesive uses moisture to continue curing for hours or even days to achieve structural strength. final.

Electric cars to be the largest vehicle type segment in the electric vehicle adhesives market

The demand for electric vehicles is growing at a rapid rate due to growing environmental concerns, even as the sale of ICE vehicles is on the decline. The implementation of pro-electric vehicle policies and technological advancements in the value chain will drive the electric vehicle market over the next five years. Growth of electric cars and buses is expected to drive the growth of electric vehicle adhesives during the forecast period.

Automakers have announced increasingly ambitious electrification plans. Of the world’s 20 largest automakers, which accounted for around 90% of new car registrations in 2020, 18 have announced plans to expand their model portfolio and rapidly increase production of light electric vehicles.

The growth of electric cars is being driven by critical policy changes adopted by major countries in electric mobility. These countries have introduced stricter emissions standards in addition to incentives for electric cars and are encouraging investments in the electric vehicle industry value chain to bring price parity between electric vehicles and electric vehicles. In an electric vehicle, adhesive technology plays an essential role in the lightness of the electric vehicle, as it is used in a number of applications. Growing electric vehicle markets such as Europe, APAC and North America will provide growth opportunities for manufacturers of electric vehicle adhesives during the forecast period.

APAC accounts for largest EV adhesives market share by region

APAC accounted for the largest share of the electric vehicle adhesives market in 2020, followed by Europe and North America. Growing tensions in the US-China trade war and low labor costs in China have forced various adhesive end users to relocate and establish their manufacturing base in countries across the country. ASEAN.

This relocation is expected to increase the demand for adhesives in ASEAN countries. India offers low cost labor, which can provide significant investment opportunities for businesses. Government initiatives such as “Make in India” and the proposed government entrepreneurship development program may open up additional opportunities in the industrial construction and infrastructure segments. All of these factors are expected to drive the APAC market.

The main players in this market are Henkel (Germany), HB Fuller (United States), Sika AG (Switzerland), 3M (United States), Wacker Chemie AG (Germany), Bostik SA – An Arkema Company (France), L&L Products (United States), Jowat SE (Germany), Ashland (United States), PPG Industries (United States) and Permabond (United Kingdom).

Premium previews

  • Growing Demand for Lightweight Materials in EV Industry Boosts EV Adhesives Market

  • China accounted for the largest market share

  • Polyurethane segment to register the highest CAGR

  • Electric Car Segment to Record Highest CAGR

  • China will be the fastest growing market

Company Profiles

  • 3M Company

  • Ashland

  • Avery dennison

  • Bostik SA (Arkema Company)

  • Delo Industrie Klebstoffe GmbH & Co. KGaA

  • Dymax Company

  • Evonik Industries AG

  • HB Fuller Company

  • Henkel AG & Co. KGaA

  • Illinois Tool Works Inc.

  • Jowat Se

  • L&L Products

  • Lord Corporation

  • Metlok Private Limited.

  • Permabond SARL.

  • PPG Industries

  • Ried BV

  • Sika AG

  • Threebond Co., Ltd.

  • Uniseal, Inc.

  • Wacker Chemie AG

  • Weicon GmbH & Co. Kg

For more information on this report visit https://www.researchandmarkets.com/r/kxf1z4


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