Global electric vehicle adhesives market to reach USD 4 billion by 2027. Global electric vehicle adhesives market is valued approximately at USD 0.3 billion in 2020 and is anticipated to grow with a healthy growth rate of about 44.7% over the forecast period 2021-2027. Electric vehicle adhesives refer to liquid adhesive which is applied between two substrates to develop a solid material which bonds those substrates together by a chemical or physical change. Such liquid adhesives are being used in electric vehicles for a range of applications such as interiors, exterior, and electric batteries. The global electric vehicle adhesives market is being driven by growing consumer preference for electric vehicles supported by government incentives and requirement for lightweight, crashworthiness, and safety, thus increasing the use of adhesives. Furthermore, scope for growth of autonomous electric vehicle will provide new opportunities for the global electric vehicle adhesives industry. According to Statista, the electric vehicle fleet across the globe is expected to increase from 8.5 million units in 2020 to approximately 115 million vehicles by 2030. This is expected to increase the demand and adoption of electric vehicle adhesives for the manufacture of electric vehicles. Hence, this is expected to boost the market growth. However, high upfront cost of electric vehicles may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global electric vehicle adhesives market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global electric vehicle adhesives market over the forecast period 2021-2027. Factors such as rapid industrialization in developing countries, increase in the demand for such adhesives in the automotive industry, growth in the automotive sector, increasing sales and production of electric vehicles, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:
Henkel AG & Co. KGAA
H.B. Fuller Company
SIKA AG
3M Company
Wacker Chemie AG
Bostik S.A. (An Arkema Company)
Ashland
PPG Industries
Lord Corporation
L&L Products

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Powertrain
Exterior
Interior
By Resin Type:
Epoxy
Polyurethane
Silicones
Acrylics
Others
By Vehicle Type:
Electric Car
Electric Bus
Electric Bike
Electric Truck
By Substrate:
Plastic
Composite
Metals
Others
By Form:
Liquid
Film & Tape
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Electric Vehicle Adhesives Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors