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Electric Vehicle Adhesives Market worth $4,455.11 million by 2030, growing at a CAGR of 29.40% - Exclusive Report by 360iResearch
Electric Vehicle Adhesives Market | 360iResearch
The Global Electric Vehicle Adhesives Market to grow from USD 733.19 million in 2023 to USD 4,455.11 million by 2030, at a CAGR of 29.40%.
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An electric vehicle adhesive is a chemical substance used to mechanically bond identical or different materials and substrates, including powertrain, optical element, sensors, and body frame, by the surfaces of an electric vehicle (EV). The scope for electric vehicle adhesives is rapidly rising owing to the surge in demand for electric vehicles across the world. Electric vehicle adhesives provide reliable, long-lasting bonding and sealing, improving safety for EVs. In addition, automobile manufacturers are increasing the adoption of electric vehicle adhesive by replacing traditional fastening hardware, such as bolts and welding, to fulfill the increasing need for lightweight and fuel-efficient vehicles. The volatility in the raw materials prices required for electric vehicle adhesives and their environmental impacts still hamper the widespread adoption of these adhesives. However, rising government investment in the automotive industry and advancement in vehicle electrification technology is enabling lucrative opportunities for the electric vehicle adhesives market.
The market for electric vehicle adhesives is expected to grow rapidly in the EMEA following the new advancement in products by manufacturers in the region. The advancements such as reseal ability and recyclability of electric vehicle adhesives can improve the battery life of EVs and are anticipated to drive the market growth in the EMEA. Furthermore, APAC is showing high growth for electric vehicle adhesives due to the presence of most EV and original equipment manufacturers (OEM). The rising EV manufacturing hubs such as China and India are driving the growth of electric vehicle adhesives to manufacture lightweight EVs, resulting in the expanding scope for this adhesive material in the Asia-Pacific region. Moreover, the government initiatives to reach net-zero emission and adopt the EVs across multiple countries across the Americas, including Canada and the U.S., are expected to raise the scope for EV assembling units and, thus, provide lucrative opportunities for electric vehicle adhesives producers.
Market Segmentation & Coverage:
This research report categorizes the Electric Vehicle Adhesives Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Resin Type, market is studied across Acrylic, Epoxy, Polyurethane, and Silicone. The Silicone is projected to witness significant market share during forecast period.
Based on Form, market is studied across Film & Tape and Liquid. The Liquid is projected to witness significant market share during forecast period.
Based on Vehicle Type, market is studied across Electric Bike, Electric Bus, Electric Car, and Electric Truck. The Electric Truck is projected to witness significant market share during forecast period.
Based on Substrate, market is studied across Composite, Metal, and Polymer. The Polymer is projected to witness significant market share during forecast period.
Based on Application, market is studied across Exterior, Interior, and Powertrain System. The Exterior is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Electric Vehicle Adhesives Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Electric Vehicle Adhesives Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Electric Vehicle Adhesives Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Arkema Group, AVERY DENNISON CORPORATION, Coroplast Verwaltungs GmbH, DELO Industrie Klebere GmbH & Co. KGaA, DOW Inc., DuPont de Nemours, Inc., Dymax Corporation, Elkem ASA, Ellsworth Corporation, Epoxies, Etc. by The Meridian Adhesives Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, Illinois Tool Works Inc., ITW Electronics, Jowat SE, L&L Products, Inc., Master Bond Inc., Momentive Performance Materials Inc., Parker Hannifin Corp., Permabond LLC, PPG Industries, Inc., Samaro, Sika AG, Tecman Group, tesa SE, ThreeBond Holdings Inc., Wacker Chemie AG, and WEVO-CHEMIE GmbH.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Electric Vehicle Adhesives Market, by Resin Type
7. Electric Vehicle Adhesives Market, by Form
8. Electric Vehicle Adhesives Market, by Vehicle Type
9. Electric Vehicle Adhesives Market, by Substrate
10. Electric Vehicle Adhesives Market, by Application
11. Americas Electric Vehicle Adhesives Market
12. Asia-Pacific Electric Vehicle Adhesives Market
13. Europe, Middle East & Africa Electric Vehicle Adhesives Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Electric Vehicle Adhesives Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Electric Vehicle Adhesives Market?
3. What is the competitive strategic window for opportunities in the Electric Vehicle Adhesives Market?
4. What are the technology trends and regulatory frameworks in the Electric Vehicle Adhesives Market?
5. What is the market share of the leading vendors in the Electric Vehicle Adhesives Market?
6. What modes and strategic moves are considered suitable for entering the Electric Vehicle Adhesives Market?
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About 360iResearch
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