According to a new market report published by Lucintel, the future of the global electric vehicle adhesive market looks promising with opportunities in the private and commercial segments. The global electric vehicle adhesive market is expected to grow with a CAGR of 58% from 2021 to 2026. The major drivers for this market are rising requirement for lightweight and safety products in the automotive sector, rising disposable income, and increasing research and development activities.
To download report brochure, please go to www.lucintel.com/electric-vehicle-adhesive-market.aspx and click "download brochure" tab from the menu.
In this market, epoxy, polyurethane, silicone, acrylic, and others are the major resin types used to manufacture electric vehicle adhesives. On the basis of comprehensive research, Lucintel forecasts that epoxy resin will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to its greatest strength and durability in all structural adhesives. Epoxy bonds have exceptional resistance to shock, vibration, and impact loads.
Within the global electric vehicle adhesive market, the liquid segment is expected to witness the highest growth over the forecast period due to the liquid adhesives used in electric vehicles in various applications, such as exterior, interiors, and electric batteries.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to increasing electric vehicle demand in China and other countries with supportive government policies and increasing concern for improving air quality in metropolitan cities.
Emerging trends, which have a direct impact on the dynamics of the industry, include rising scope for growth of autonomous electric vehicles, increasing modernization in the automotive sector, and adoption of electric vehicles. H.B. Fuller Company, Sika AG, Evonik Industries, Jowat SE, 3M, Wacker Chemie AG, Bostik, L&L Products, Ashland, and PPG Industries, Inc. are among the major suppliers of the electric vehicle adhesive market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global electric vehicle adhesive market by resin type, application, vehicle type, form type, substrate, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Electric Vehicle Adhesive Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global electric vehicle adhesive market by resin type, application, vehicle type, form type, substrate, and region, as follows:
By Resin Type [Value ($ Million) from 2015 to 2026]:
Epoxy
Polyurethane
Silicone
Acrylic
Others
By Application [Value ($ Million) from 2015 to 2026]:
Exterior
Interior
Powertrain System
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Electric Cars
Electric Buses
Electric Bikes
Electric Trucks
By Form Type [Value ($ Million) from 2015 to 2026]:
Liquid
Films & Tapes
Others
By Substrate [Value ($ Million) from 2015 to 2026]:
Polymer
Composites
Metal
Others
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.