Adhesives for Electric Vehicles Market
                     Adhesives for Electric 
Vehicles Market To 
Reach USD 282.3 
Million By 2027
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An increase in the initiatives by governments across the globe to promote the production 
and adoption of electric vehicles (EVs) for taking preventive measures for the reduction of 
carbon footprints through harmful emissions on earth will drive the Electric Vehicle 
Adhesives market.
Market Size – USD 38.6 Million in 2019, Market Growth - CAGR of 28.5%, Market Trends – 
High demand from developing nations.
The global Adhesives for Electric Vehicles market is forecasted to reach USD 282.3 Million by 
2027, according to a new report by Reports and Data. The market is seeing an expanded interest 
from the pack & module bonding applications with increasing production of electric vehicles, and 
the market growth can be attributed to the shift in trend from welding and metal fasteners to 
adhesives since the latter contributes significantly to weight savings and lower carbon emissions. 
Moreover, governments of various nations have emphasized to encourage electric vehicle (EV) 
production and adoption, such as offering subsidies in the form of tax credits, tax deductions, and 
other benefits.
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Market Summary
Beneficial Aspects of the Report:
Adhesives play an essential role in EVs, not only by decreasing their weight but also by increasing their 
performance. Adhesives are used in many applications in EVs, such as connecting components and 
shielding them from shock and vibration damage, helping to allow a path to move heat away from modules 
and cells by isolating components and avoiding fire risk by minimizing shorts. For example, Henkel and 
Covestro, in March 2020, produced a method that was able to patch lithium-ion cylindrical battery cells in a 
plastic cell container. This technology will prove beneficial for both OEMs and customers, as it will provide 
the OEMs with a cost-effective large-scale cell assembly and customers with reduced EV costs. Increasing 
focus on business technical innovations is projected to have a significant impact on consumer development 
in the years ahead.
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Market Summary
Some of the key players operating in the Market include: 
3M, Henkel, Wacker Chemie AG, H.B. Fuller, L&L Products, PPG Industries, Sika AG, Permabond, Ashland, 
and Jowat SE, among others.
Vehicle Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
• Battery Electric Vehicle (BEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
Resin Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
• Epoxy
• Polyurethane
• Silicone
• Acrylic
• Others
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Market Summary
Further key findings from the report suggest
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
• Pack & Module Bonding
• Thermal Interface Bonding
• Battery Cell Encapsulation
• Others
Furthermore, the research study gives additional insights into the companies’ regional presence through 
extensive regional analysis. The regional analysis covers the key geographical regions such as North 
America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The regional analysis 
segment covers details about the market share held by each region along with the prospective growth 
opportunities and revenue generation. The report also offers a projection of the growth rate for each 
region in the entirety of the forecast timeline. It also offers a country-wise analysis to impart a better 
understanding of the industry.
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