Electric Vehicle Adhesives Market Size, Share, Trends, Growth Outlook

Global Electric Vehicle Adhesives Market Size is valued at $1.6 Billion in 2024 and is forecast to register a growth rate (CAGR) of 38.2% to reach $21.3 Billion by 2032.

The global Electric Vehicle Adhesives Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Application (Powertrain System, Optical Element, Sensors & Communication, Body Frame), By Resin (Epoxy, Polyurethane, Silicone, Acrylic, Others), By Vehicle (Electric Cars, Electric Buses, Electric Bikes, Electric Trucks), By Substrate (Plastic, Composite, Metals, Others), By Form (Liquid, Film & Tape, Others).

An Introduction to Electric Vehicle Adhesives Market in 2024

Electric vehicle (EV) adhesives are at the forefront of automotive manufacturing in 2024, as the transportation industry undergoes a profound shift towards electrification and sustainable mobility. These specialized adhesives play a critical role in bonding lightweight materials, such as composites, aluminum, and high-strength steels, used in EV chassis, battery packs, and structural components. The market for electric vehicle adhesives is witnessing rapid growth, driven by the increasing production of electric and hybrid vehicles, stringent fuel efficiency standards, and the emphasis on vehicle lightweighting to extend driving range and improve efficiency. EV adhesives offer superior bonding strength, corrosion resistance, and durability, enabling automakers to achieve seamless designs, enhance structural integrity, and reduce noise, vibration, and harshness (NVH) levels. Further, as EV battery technology evolves, adhesives are essential for assembling battery modules and packs, ensuring thermal management, electrical insulation, and crash safety performance. With the transition towards cleaner and greener transportation solutions accelerating globally, the demand for electric vehicle adhesives is poised for sustained growth in the automotive industry.

Electric Vehicle Adhesives Market Competitive Landscape

The market report analyses the leading companies in the industry including 3M Company, Arkema S.A., Ashland Global Holdings Inc, Delo Industrie Klebstoffe GmbH & Co. KGaA, Dymax Corp, Evonik Industries AG, H.B. Fuller Company, Henkel Ag & Co. KGaA, Hexcel Corp, Illinois Tool Works Inc, Jowat SE, Kleiberit Se & Co. Kg, L&L Products Inc, Lohmann Technologies, Metlok Private Ltd, Parker Hannifin Corp, Permabond LLC, PPG Industries Inc, Riëd B.V., Sika AG, Threebond Co. Ltd, Uniseal Inc, US Adhesives, Wacker Chemie AG, Weicon GmbH & Co. KG, and others.

Electric Vehicle Adhesives Market Dynamics

Market Trend: Surge in Electric Vehicle Adoption Driving Demand for Specialized Adhesive Solutions

In the market for electric vehicle adhesives, a prominent trend is the surge in electric vehicle (EV) adoption, driving the demand for specialized adhesive solutions tailored to the unique requirements of EV assembly. As the automotive industry transitions towards electric mobility to reduce greenhouse gas emissions and meet regulatory mandates, EV manufacturers require adhesives that offer superior bonding strength, thermal stability, electrical conductivity, and compatibility with lightweight materials such as composites and aluminum. This trend is fueled by the rapid growth of the electric vehicle market, with automakers investing heavily in electric vehicle production capacity, battery manufacturing, and supply chain development. Additionally, the shift towards modular vehicle architectures and the integration of advanced driver-assistance systems (ADAS) and autonomous driving technologies further increase the demand for adhesives that enable seamless assembly, structural integrity, and long-term reliability in electric vehicles. As electric vehicle manufacturers prioritize performance, safety, and efficiency, the demand for specialized adhesives continues to rise, presenting growth opportunities for adhesive manufacturers.

Market Driver: Stringent Regulations and Performance Standards for Electric Vehicle Safety and Efficiency

A significant driver propelling the market for electric vehicle adhesives is the implementation of stringent regulations and performance standards for electric vehicle safety and efficiency. Governments worldwide are imposing regulations and standards to ensure the safety, reliability, and performance of electric vehicles, including requirements for crashworthiness, battery protection, thermal management, and fire resistance. Adhesives play a critical role in meeting these regulatory requirements by providing structural reinforcement, thermal insulation, and electrical insulation in key areas such as battery packs, chassis components, and electronic systems. Additionally, automakers and EV battery manufacturers impose rigorous performance standards to achieve high levels of energy efficiency, driving range, and durability in electric vehicles. As electric vehicle technologies continue to evolve, adhesive manufacturers are compelled to innovate and develop adhesive solutions that meet or exceed regulatory and performance standards, ensuring compliance, reliability, and safety in electric vehicle applications.

Market Opportunity: Development of Next-Generation Adhesive Technologies for Electric Vehicles

An opportunity within the market for electric vehicle adhesives lies in the development of next-generation adhesive technologies tailored to the evolving needs of electric vehicle manufacturers and suppliers. Opportunities exist to innovate and optimize adhesive formulations for specific EV applications, such as battery assembly, motor mounting, thermal interface materials, and structural bonding of lightweight materials. Advanced adhesive technologies, including heat-curing adhesives, conductive adhesives, and thermally conductive adhesives, can address challenges related to thermal management, electrical conductivity, and mechanical strength in electric vehicle components and systems. Furthermore, opportunities exist to collaborate with EV manufacturers, material suppliers, and research institutions to co-develop adhesive solutions that enable lightweighting, design flexibility, and cost efficiency in electric vehicle production. By leveraging expertise in materials science, chemistry, and engineering, adhesive manufacturers can capitalize on the growing demand for specialized adhesive solutions in the rapidly expanding electric vehicle market, contributing to the advancement of electric mobility and sustainable transportation. This opportunity aligns with the market's evolution towards electrification, innovation, and environmental sustainability, addressing the critical role of adhesives in enabling the transition to electric vehicles.

Electric Vehicle Adhesives Market Share Analysis: Body Frame segment generated the highest revenue in 2024

The Body Frame segment is the largest segment in the Electric Vehicle Adhesives Market, driven by the increasing adoption of electric vehicles (EVs) worldwide and the growing emphasis on lightweight construction and structural integrity in EV design. Adhesives play a critical role in bonding various components of the vehicle body frame, including panels, chassis, roof, and doors, ensuring structural stability, crashworthiness, and noise reduction. With the transition towards electric mobility, automakers are increasingly utilizing lightweight materials such as aluminum, carbon fiber composites, and high-strength steel in vehicle construction to improve energy efficiency and extend driving range. Adhesives offer advantages over traditional mechanical fastening methods by distributing stress more evenly, reducing weight, and enhancing overall vehicle performance. Moreover, the rise of electric vehicle platforms allows for innovative designs and configurations, leading to increased demand for adhesives to bond complex body structures. As electric vehicle manufacturers prioritize safety, performance, and sustainability in their designs, the demand for adhesives in the body frame segment is expected to continue growing, solidifying its position as the largest segment in the Electric Vehicle Adhesives Market.

Electric Vehicle Adhesives Market Share Analysis: Polyurethane is poised to register the fastest CAGR over the forecast period

The Polyurethane segment is the fastest-growing segment in the Electric Vehicle Adhesives Market, driven by its exceptional bonding strength, versatility, and suitability for diverse applications in electric vehicle manufacturing. Polyurethane adhesives offer high tensile and shear strength, excellent adhesion to various substrates, and resistance to temperature extremes, moisture, and chemicals. These properties make them ideal for bonding components in electric vehicles, including battery packs, motors, inverters, electronic modules, and structural elements. As electric vehicle technology continues to evolve, with advancements in battery technology, lightweight materials, and autonomous driving features, the demand for reliable and durable adhesives like polyurethane is expected to surge. Additionally, the push towards sustainability in automotive manufacturing and the need for lightweighting solutions further drive the adoption of polyurethane adhesives, which contribute to reducing vehicle weight and improving energy efficiency. As electric vehicle production ramps up globally and automakers seek innovative solutions to meet stringent performance and safety requirements, the demand for polyurethane adhesives in the Electric Vehicle Adhesives Market is projected to experience rapid growth.

Electric Vehicle Adhesives Market Share Analysis: Electric Cars segment generated the highest revenue in 2024

The Electric Cars segment is the largest segment in the Electric Vehicle Adhesives Market, driven by the significant growth of the electric passenger vehicle market worldwide. Electric cars represent the most prominent category of electric vehicles, with increasing consumer demand fuelled by concerns about climate change, air pollution, and energy sustainability. Adhesives play a crucial role in electric car manufacturing, bonding various components such as body panels, chassis, interior trim, and battery packs. As automakers invest heavily in electric vehicle development and production, the demand for adhesives in electric cars is expected to surge. Additionally, the expansion of charging infrastructure, government incentives, and advancements in battery technology contribute to the rapid growth of the electric car market, further boosting the demand for adhesives. With automakers racing to electrify their vehicle fleets and meet stringent emission regulations, the Electric Cars segment is poised to maintain its dominance in the Electric Vehicle Adhesives Market.

Electric Vehicle Adhesives Market Share Analysis: Composite is poised to register the fastest CAGR over the forecast period

The Composite segment is the fastest-growing segment in the Electric Vehicle Adhesives Market, propelled by the increasing adoption of composite materials in electric vehicle (EV) manufacturing. Composites, such as carbon fiber reinforced plastics (CFRP) and glass fiber reinforced plastics (GFRP), offer a unique combination of lightweight, strength, and durability, making them increasingly popular for EV components. Adhesives play a critical role in bonding composite materials together and attaching them to other substrates, ensuring structural integrity and performance. As automakers strive to reduce vehicle weight to extend driving range and improve energy efficiency, the demand for composites in EVs is soaring. Additionally, composites enable innovative design possibilities, allowing for the creation of complex shapes and structures that optimize aerodynamics and space utilization in EVs. With the automotive industry transitioning towards electrification and lightweighting, the Composite segment is poised for rapid growth in the Electric Vehicle Adhesives Market.

Electric Vehicle Adhesives Market

By Application
Powertrain System
Optical Element
Sensors & Communication
Body Frame
By Resin
Epoxy
Polyurethane
Silicone
Acrylic
Others
By Vehicle
Electric Cars
Electric Buses
Electric Bikes
Electric Trucks
By Substrate
Plastic
Composite
Metals
Others
By Form
Liquid
Film & Tape
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Electric Vehicle Adhesives Companies Profiled in the Study

3M Company
Arkema S.A.
Ashland Global Holdings Inc
Delo Industrie Klebstoffe GmbH & Co. KGaA
Dymax Corp
Evonik Industries AG
H.B. Fuller Company
Henkel Ag & Co. KGaA
Hexcel Corp
Illinois Tool Works Inc
Jowat SE
Kleiberit Se & Co. Kg
L&L Products Inc
Lohmann Technologies
Metlok Private Ltd
Parker Hannifin Corp
Permabond LLC
PPG Industries Inc
Riëd B.V.
Sika AG
Threebond Co. Ltd
Uniseal Inc
US Adhesives
Wacker Chemie AG
Weicon GmbH & Co. KG
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Electric Vehicle Adhesives Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Electric Vehicle Adhesives Market Size Outlook, $ Million, 2021 to 2032
3.2 Electric Vehicle Adhesives Market Outlook by Type, $ Million, 2021 to 2032
3.3 Electric Vehicle Adhesives Market Outlook by Product, $ Million, 2021 to 2032
3.4 Electric Vehicle Adhesives Market Outlook by Application, $ Million, 2021 to 2032
3.5 Electric Vehicle Adhesives Market Outlook by Key Countries, $ Million, 2021 to 2032

4 Market Dynamics
4.1 Key Driving Forces of Electric Vehicle Adhesives Industry
4.2 Key Market Trends in Electric Vehicle Adhesives Industry
4.3 Potential Opportunities in Electric Vehicle Adhesives Industry
4.4 Key Challenges in Electric Vehicle Adhesives Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Electric Vehicle Adhesives Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Electric Vehicle Adhesives Market Outlook by Segments
7.1 Electric Vehicle Adhesives Market Outlook by Segments, $ Million, 2021- 2032
By Application
Powertrain System
Optical Element
Sensors & Communication
Body Frame
By Resin
Epoxy
Polyurethane
Silicone
Acrylic
Others
By Vehicle
Electric Cars
Electric Buses
Electric Bikes
Electric Trucks
By Substrate
Plastic
Composite
Metals
Others
By Form
Liquid
Film & Tape
Others

8 North America Electric Vehicle Adhesives Market Analysis and Outlook To 2032
8.1 Introduction to North America Electric Vehicle Adhesives Markets in 2024
8.2 North America Electric Vehicle Adhesives Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Electric Vehicle Adhesives Market size Outlook by Segments, 2021-2032
By Application
Powertrain System
Optical Element
Sensors & Communication
Body Frame
By Resin
Epoxy
Polyurethane
Silicone
Acrylic
Others
By Vehicle
Electric Cars
Electric Buses
Electric Bikes
Electric Trucks
By Substrate
Plastic
Composite
Metals
Others
By Form
Liquid
Film & Tape
Others

9 Europe Electric Vehicle Adhesives Market Analysis and Outlook To 2032
9.1 Introduction to Europe Electric Vehicle Adhesives Markets in 2024
9.2 Europe Electric Vehicle Adhesives Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Electric Vehicle Adhesives Market Size Outlook by Segments, 2021-2032
By Application
Powertrain System
Optical Element
Sensors & Communication
Body Frame
By Resin
Epoxy
Polyurethane
Silicone
Acrylic
Others
By Vehicle
Electric Cars
Electric Buses
Electric Bikes
Electric Trucks
By Substrate
Plastic
Composite
Metals
Others
By Form
Liquid
Film & Tape
Others

10 Asia Pacific Electric Vehicle Adhesives Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Electric Vehicle Adhesives Markets in 2024
10.2 Asia Pacific Electric Vehicle Adhesives Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Electric Vehicle Adhesives Market size Outlook by Segments, 2021-2032
By Application
Powertrain System
Optical Element
Sensors & Communication
Body Frame
By Resin
Epoxy
Polyurethane
Silicone
Acrylic
Others
By Vehicle
Electric Cars
Electric Buses
Electric Bikes
Electric Trucks
By Substrate
Plastic
Composite
Metals
Others
By Form
Liquid
Film & Tape
Others

11 South America Electric Vehicle Adhesives Market Analysis and Outlook To 2032
11.1 Introduction to South America Electric Vehicle Adhesives Markets in 2024
11.2 South America Electric Vehicle Adhesives Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Electric Vehicle Adhesives Market size Outlook by Segments, 2021-2032
By Application
Powertrain System
Optical Element
Sensors & Communication
Body Frame
By Resin
Epoxy
Polyurethane
Silicone
Acrylic
Others
By Vehicle
Electric Cars
Electric Buses
Electric Bikes
Electric Trucks
By Substrate
Plastic
Composite
Metals
Others
By Form
Liquid
Film & Tape
Others

12 Middle East and Africa Electric Vehicle Adhesives Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Electric Vehicle Adhesives Markets in 2024
12.2 Middle East and Africa Electric Vehicle Adhesives Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Electric Vehicle Adhesives Market size Outlook by Segments, 2021-2032
By Application
Powertrain System
Optical Element
Sensors & Communication
Body Frame
By Resin
Epoxy
Polyurethane
Silicone
Acrylic
Others
By Vehicle
Electric Cars
Electric Buses
Electric Bikes
Electric Trucks
By Substrate
Plastic
Composite
Metals
Others
By Form
Liquid
Film & Tape
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
3M Company
Arkema S.A.
Ashland Global Holdings Inc
Delo Industrie Klebstoffe GmbH & Co. KGaA
Dymax Corp
Evonik Industries AG
H.B. Fuller Company
Henkel Ag & Co. KGaA
Hexcel Corp
Illinois Tool Works Inc
Jowat SE
Kleiberit Se & Co. Kg
L&L Products Inc
Lohmann Technologies
Metlok Private Ltd
Parker Hannifin Corp
Permabond LLC
PPG Industries Inc
Riëd B.V.
Sika AG
Threebond Co. Ltd
Uniseal Inc
US Adhesives
Wacker Chemie AG
Weicon GmbH & Co. KG

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Application
Powertrain System
Optical Element
Sensors & Communication
Body Frame
By Resin
Epoxy
Polyurethane
Silicone
Acrylic
Others
By Vehicle
Electric Cars
Electric Buses
Electric Bikes
Electric Trucks
By Substrate
Plastic
Composite
Metals
Others
By Form
Liquid
Film & Tape
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)