The global structural adhesives and sealants market for EV batteries is projected to reach $305.5 million in terms of revenue by 2031 at a CAGR of 18.5%, reveals the premium market intelligence study by BIS Research.
Adhesives and sealants have played a decisive role in the advancement of EV technology and will pivot the further growth of battery-powered vehicles in the automotive industry.
Before the popularity of adhesives and sealants in the automotive industry, original equipment manufacturers (OEMs) relied on mechanical fasteners, rivets, nuts, and bolts to concatenate windshield parts, metallic sheets, plastic components, battery components, and drivetrain components, among others.
The detailed study is a compilation of 172 market data tables and 78 figures spread through 240 pages and in-depth TOC on “Global Structural Adhesives and Sealants for EV Batteries – Analysis and Forecast, 2021-2031”
USP of the Report
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Analyst’s Take on the Market:
According to Dhrubajyoti Narayan, Lead Analyst, BIS Research, “The global automotive industry is undergoing wide-ranging and transformative changes with a shift in the consumer behavior as well as an increase in the implementation of stringent environmental regulations. As of now, most automotive original equipment manufacturers and other technology providers are working toward the enhancement and safety of EV batteries. This demand for structural adhesives and sealants for EV batteries, as they are playing a crucial role in EV battery development and EV adoption is advancing at a rapid pace.”
View the report from BIS Research on Structural Adhesives and Sealants Market for EV Batteries
Key Companies Operating in the Market and Competition Landscape
Some key players operating in the market are 3M, Ashland Global Holdings Inc., DuPont de Nemours, Inc., Sika AG, Huntsman Corporation, H.B. Fuller Company, Henkel AG & Co. KGaA, Dow, Permabond LLC, LORD Corporation, Jowat SE, Dymax Corporation and Polytec PT GmbH.
The companies profiled in the report have been selected post-in-depth interviews with experts and understand details such as product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the structural adhesives and sealants market for EV batteries market.
Key Questions Answered in the Report:
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