MARKET OVERVIEW:
Structuraladhesivesfornewenergy vehicles are high-performance bonding solutions designed specifically for electric and hybrid vehicle manufacturing. These advanced materials play a critical role in vehicle assembly by replacing traditional welding and mechanicalfasteners.Theyprovide superior strength-to-weight ratios whileenablinglightweightdesignsa crucial factor in extending EV range
5.10 BILLION
MARKET SEGMENTATION:
01 02 03 04
● Epoxy
● Urethane
● Acrylic BY TYPE
● Body-in-White (BIW) ● Automotive Electronics BY APPLICATIO N ● Battery Electric Vehicles (BEVs) ● Plug-in Hybrid Electric BY END USER • North America • Europe • Asia-Pacific • South America BY REGION
MARKET DYNAMICS
Rising Demand for Lightweight Vehicle Solutions to Accelerate Market Growth
The global push toward vehicle lightweighting has become a critical driver for structural adhesives in new energy vehicles (NEVs). With stringent emissions regulations worldwide, automakers are under pressure to reduce vehicle weight by 10-15% to meet efficiency targets. Structural adhesives enable this transition by replacing traditional welding and mechanical fasteners while maintaining structuralintegrity.
MARKET OPPORTUNITIES
The rapid evolution of battery electric vehicle architectures presents significant opportunities for adhesive manufacturers. Modernbatteryenclosuresrequire structural bonding solutions that provide impact resistance while managing thermal expansion differences between materials. The battery structural adhesive segment is forecast to grow at 24% CAGR through 2032 as automakers shift to cell-to-pack and cell-to-chassis battery
COMPANY MISSION
Thepushforsustainabilityinthe automotive sector is heightening the focus on bio-based and lowVOCstructuraladhesivesfornew energy vehicles, aligning with global environmental regulations and consumer preferences for greener technologies. These formulations not only reduce carbon footprints during production but also improve recyclability of vehicle componentsatend-of-life
REGIONAL MARKET OUTLOOK
North America
The North American market is characterized by a strong push towards electric vehicle adoption from both established automakers and new entrants. The region's focus is on high-performance and durability standards for structural adhesives, particularly for applications in battery electric trucks and SUVs Europe Europe represents a highly regulated and technologically advanced market for structural adhesives in the NEV sector.
Strict carbon emission targets are a primary driver, compelling automakers to accelerate electrification. The market demands adhesives that support lightweighting strategies to maximize vehicle range, with a significant focus on sustainability and the use of bio-based or recyclable adhesive materials
COMPETITIVE LANDSCAPE
These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.
Henkel (Germany)
Sika (Switzerland)
Arkema Group (France)
Sunstar (Japan)
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