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    Electric Vehicle Adhesives Market | Covid-19 Impact Analysis

    Electric Vehicle Adhesives Market | Covid-19 Impact Analysis

    Electric Vehicle Adhesives Market | Covid-19 Impact Analysis
    Report code - SRAM450 Delivery - 2 Weeks
    Electric Vehicle Adhesives Market Size, Share, Trend, Forecast, & Industry Analys See more...
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    Impact of COVID-19 on Electric Vehicle Adhesives Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Electric Vehicle Adhesives Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Electric Vehicle Adhesives Market Insights

    Electric Vehicle Adhesives Market is likely to witness an impressive CAGR of 56.8% during the forecast period. Various requirements by automakers, such as bonding similar and dissimilar materials, substitution of traditional substrates materials by synthetic substrates, and the increasing focus on environmental concerns are increasing the application areas of EV adhesives, as a result, driving the growth of the market. EV adhesives also address issues related to engineering and design as they have the ability to resist vibration, and distribute stress over a wide area. They are also lightweight.

    Electric Vehicle Adhesives Market - Snapshot

    Growth

    56.8% for the next five years

    Major Resin Type

    Polyurethane

    Dominant Form Type

    Liquid Adhesive

    Region with the highest demand

    Asia-Pacific

    Key Players

    Ashland Inc., H.B. Fuller, Henkel, Jowat SE, L&L Products India Pvt. Ltd., LORD Corporation, PPG Industries, Inc., Sika AG, Uniseal, Inc., and Wacker Chemie AG.

     

    Market Share Analysis

    Electric-Vehicle-Adhesives-Market-Dominant-Segments

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    Electric Vehicle Adhesives Market Share: By Resin Type

    Based on the resin type, the market is segmented as Epoxy, Polyurethane, Silicone, Acrylic, and Others. The polyurethane adhesive is estimated to be the fastest growing resin in the electric vehicle adhesives market during the forecast period. These adhesives are majorly used in structural bonding as well as where there is a requirement of vibration inhibitions, variation in gap because of thermal differences between the substrates. Basically, polyurethane adhesives are applied to substrates comprising of composites, thermoplastics, coated or uncoated aluminum, and coated steel. Bonding of the battery cells into the battery module tray, frames, and cooling units is another application of this adhesive.

    Electric Vehicle Adhesives Market Share: By Form Type

    Based on the form type, the market is segmented as Liquid, Film & Tape, and Others. Liquid adhesive is expected to be the fastest-growing form in the electric vehicle adhesives market during the forecast period. The liquid adhesive, applied between two substrates forms a solid material that bonds the substrates together by a physical or chemical change. In the form segment, liquid adhesives have the largest share. Liquid adhesives are used in electric vehicles in various applications such as exterior, interiors, and electric batteries. The highest demand for liquid adhesives is in the exterior application, followed by interior applications.  A significant portion of liquid adhesive application goes to structural body in the electric vehicle and hence Liquid adhesives occupy a large share of EV adhesive market by form, since a significant portion of liquid adhesive application goes to structural body in the electric vehicle.

    Electric Vehicle Adhesives Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest growing Electric Vehicle Adhesives Market during the forecast period, with China, Japan, South Korea, and India being the major countries with lucrative growth opportunities. In 2019, Asia-pacific accounted for the largest share in the electric vehicle adhesives market globally. The contribution of this region mainly includes factors such as substantial Chinese electric vehicle market as well as all the major battery manufacturers. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Electric-Vehicle-Adhesives-Market-By-Region

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    Some of the key players in manufacturing Electric vehicle adhesives are-

    • Ashland Inc.
    • H.B. Fuller
    • Henkel
    • Jowat SE
    • L&L Products India Pvt. Ltd.
    • LORD Corporation
    • PPG Industries, Inc.
    • Sika AG
    • Uniseal, Inc.
    • Wacker Chemie AG.

     

    Market Scope & Segmentation

    Adhesives are chemicals used to bond or adhere substances together. In EVs, adhesives are widely used to adhere variety of application areas everywhere ranging from body closures to battery assemblies. These are widely used in place of traditional heavy fastening assemblies or mechanical fasteners and provide lighter as well as thinner bond with improved flexibility and strength.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Electric Vehicle Adhesives Market Research Report - Features

    Market Segmentation

    6

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The electric vehicle adhesives market is segmented into the following categories. 

    Electric Vehicle Adhesives Market Size, Share, & Forecast, by Application Type:

    • Powertrain System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Exterior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Interior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Vehicle Adhesives Market Size, Share, & Forecast, by Resin Type:

    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Silicone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Acrylic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Vehicle Adhesives Market Size, Share, & Forecast, by Form Type:

    • Liquid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Film & Tape (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Vehicle Adhesives Market Size, Share, & Forecast, by Vehicle Type:

    • Electric Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electric Bus (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electric Bike (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electric Truck (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Vehicle Adhesives Market Size, Share, & Forecast, by Substrate Type:

    • Polymer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Composite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Vehicle Adhesives Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Electric-Vehicle-Adhesives-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of the resin type by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Electric Vehicle Adhesives Market in the foreseeable future?

    The electric vehicle adhesives market is expected to witness an impressive growth of 56.8% CAGR in the foreseeable future.

    Who are the key players in the Electric Vehicle Adhesives Market?

    Electric vehicle adhesives are Ashland Inc., H.B. Fuller, Henkel, Jowat SE, L&L Products India Pvt. Ltd., LORD Corporation, PPG Industries, Inc., Sika AG, Uniseal, Inc., and Wacker Chemie AG are among the key players in the Electric Vehicle Adhesives Market.

    Which country/region is expected to be the largest Electric Vehicle Adhesives Market?

    Asia-Pacific is expected to be the largest electric vehicle adhesives market during the forecast period.

    Which resin type is expected to be the fastest growing segment in the Electric Vehicle Adhesives Market?

    The polyurethane adhesive is estimated to be the fastest growing resin in the electric vehicle adhesives market during the forecast period.

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