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Structural Adhesives and Sealants for EV Batteries - A Global and Regional Market Analysis

Focus on Product, Application, and Country-Wise Analysis - Analysis and Forecast, 2021-2031

 
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The global structural adhesives and sealants market for EV batteries is expected to reach $305.5 million by 2031 from $53.1 million in 2021, growing with a CAGR of 18.5% during the forecast period 2022-2031.

The top market players are 3M, Ashland Global Holdings Inc., Dow, DuPont de Nemours, Inc., Elkem ASA, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, Sika AG, Wacker Chemie AG, Dymax Corporation, Jowat SE, LORD Corporation, Permabond LLC, Polytec PT GmbH.

Factors driving the growth of the structural adhesives and sealants market for EV are rising acceptance of electric vehicles, shifting focus toward vehicle light-weighting, and increasing importance of thermal management and impact resistance of battery packs.

The main challenge restricting the growth of the structural adhesives and sealants market for EV is volatility in the prices of raw materials.

The potential opportunities that are likely to boost the growth of the structural adhesives and sealants market for EV are increasing trend for lightweight adhesives, and growing need for low VOC adhesives.

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