Global electric vehicle adhesives market expected to reach US$10.31 billion by 2031, growing rapidly.

From GlobeNewswire: 2025-04-28 10:05:00

The global electric vehicle adhesives market is growing rapidly due to the increased adoption of electric vehicles. The market report analyzes applications, trends, key players, and future opportunities. By 2031, the market is projected to reach US$ 10.31 billion at a CAGR of 24.2%. Electric vehicle adhesives offer benefits such as ease of use, resistance to environmental factors, effective sealing, and weight reduction.

The rise in demand for electric vehicles is driving the market for electric vehicle adhesives. Benefits include zero emissions, reduced greenhouse gas emissions, and higher efficiency compared to internal combustion engine vehicles. Government initiatives worldwide are encouraging the adoption of electric vehicles through incentives, subsidies, and attractive laws. Asia Pacific led the market in 2023, with North America projected to have the highest CAGR.

The electric vehicle adhesives market is segmented by resin type, form, substrate, and vehicle type. Major players in the market include Henkel AG & Co. KGaA, H.B. Fuller, Sika AG, and 3M. Trending topics in the industry include robotic adhesive application, lightweight material bonding, and environmentally friendly adhesives. Notable product launches include thermally conductive adhesives for EV battery systems and electrical insulation tapes for battery packs.

The global electric vehicle adhesives market is being driven by the increasing demand for electric vehicles and government initiatives supporting their adoption. Manufacturers are focusing on environmentally friendly adhesives to meet sustainability standards. The market report from The Insight Partners provides valuable insights for stakeholders to navigate the evolving market landscape and unlock new opportunities in the industry.



Read more at GlobeNewswire: Electric Vehicle Adhesives Market Size to Grow at a Rapid