Electric Vehicles Adhesive Market Competitive Research And Precise Outlook 2023 To 2030

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Electric Vehicles Adhesive Market
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Market Overview
Government measures in numerous countries to
boost EV manufacturing and adoption have
contributed to the market's expansion. The
Minister of Clean Energy founded the Electric
Vehicle Initiative (EVI) in 2010 as a
multi-governmental policy forum with the goal of
hastening the widespread adoption of electric
vehicles. When considering environmental problems
like global warming, it is crucial to take
measures to lessen one's impact on the planet by
emitting dangerous chemicals and gases.
Governments throughout the world are encouraging
the widespread use of electric vehicles by
providing financial incentives like tax breaks
and rebates. As of the end of 2017, the German
federal government had invested a total of 230
million towards research and development for
electric mobility. Approximately one million EVs
are predicted to hit the roads in Germany, where
as of February 2018 there are 29 different EV
models available. As a result, demand for
adhesives in the United States and Europe is
likely to increase.Sales volume (in K units) and
revenue (in million USD) projections for the
Electric Vehicles Adhesive market are provided
for the years 2017 through 2030, with 2022 as the
base year. The global market for Electric
Vehicles Adhesive is broken down in this report's
extensive detail. We also provide regional

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By Region
The global market for electric vehicle adhesives
has been broken down by geography to include key
countries and regions like North America, Europe,
Asia Pacific, Latin America, and the Middle East
and Africa (MEA).In 2019, 52.2 of all volume was
produced in Asia and the Pacific. Since China
produces so many EVs, the country is a key market
for the industry. A global epidemic of COVID-19,
said to have originated in China, is anticipated
to keep consumers at bay in 2020 and 2021.
Adhesive demand was affected by a drop in
production of electric vehicles beginning in
March 2020 due to a lack of available labor and
raw materials.Due to rising investments in
electric vehicle manufacturing, North America is
anticipated to have the highest volume-based CAGR
during the projection period. One such example is
LG Chem's July 2019 announcement that it would
construct a second plant in the US to manufacture
batteries for EVs. General Motors (GM) and
Volkswagen rely on LG Chem, a leading battery
manufacturer, for their power needs. It is
anticipated that manufacturing will begin at the
plant in 2022. Market expansion is anticipated to
be fueled by rising battery and EV output in the
region.During the projection period, one of the
most important regions of the marketEuropeis
projected to grow at a compound annual rate of
21.1 in terms of revenue. In the approaching
years, as more attention is paid to manufacturing
and promoting electric vehicles, adhesives are
predicted to be in high demand. To increase sales
of electric vehicles, for instance, British
electric car manufacturer Arrival has a goal of
making electric cars as cheap as gas-powered
automobiles.
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The Global Electric Vehicles Adhesive Market has
been segmented into

• On the basis of Vehicle Type
• Electric Car
• Electric Bus
• Electric Bike
• Electric Truck

• On the basis of Form
• Liquid
• Film Tape

• By Type
• Epoxy, Polyurethane
• Acrylic
• MMA
• Cyanoacrylate

• By Application
• Powertrain
• Exterior
• Interior

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The Global Electric Vehicles Adhesive Market has
been segmented into

• By Region
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe

• By Region
• North America
• US
• Canada
• Mexico
• Rest of North America
• The Middle East Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

• By Region
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific

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Industry News

• In August 2021, Sika AG acquired Bexel
  Internacional S.A., a leading manufacturer of
  tile adhesives and stuccos in Mexico.
• In April 2021, Sika AG acquired Hamatite, the
  adhesives business of The Yokohama Rubber Co.,
  Ltd.
• In September 2019, Sika AG acquired
  Crevo-Hengxin, a Chinese manufacturer of silicone
  sealants and adhesives used in both industry and
  construction applications.

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Market Players

• Henkel
• Bostik
• 3M
• Sika AG
• Ashland
• H.B. Fuller
• Parker Hannifin Corp
• Lord Corporation
• DuPont
• Jowat SE
• PPG Industries
• L and L Products
• Permabond
• Wacker Chemie AG
• others.

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