Download Sample, Rising Adoption of EVs Drive the Electric Vehicle (EV) Battery Adhesive Market
The increasing use of electric vehicles (EVs) is a key factor driving expansion in the electric vehicle battery adhesive market. As the worldwide automotive sector shifts towards electrification, motivated by government policies, environmental issues, and consumer interest in cleaner transit options, the demand for effective and high-performance adhesives in EV battery systems has increased. As reported by the International Energy Agency, in 2023, worldwide EV sales surpassed 14 million units, raising the total on the roads to 40 million, with China representing over 50% of these sales.
In 2023, 3.5 million more electric cars were sold than in 2022, showing a 35% rise from the prior year, surpassing six times the total sold in 2018. In 2023, electric vehicles made up roughly 18% of overall car sales, rising from 14% of electric cars in total car sales in 2022. Of that total, battery electric vehicles constituted 70% of the electric vehicle stock in 2023. The rise in electric vehicle manufacturing directly influences the demand for EV battery adhesives, vital for the assembly, sealing, and overall structural stability of battery packs. Additionally, government policies in major markets have significantly impacted the increase in electric vehicle uptake.
In China, numerous government incentive programs have driven new energy vehicle sales to unprecedented heights, with electric vehicles making up more than 25% of total vehicle sales in 2023. Similarly, in Europe, strict emissions policies such as the European Union's Green Deal have established bold targets to lower greenhouse gas emissions, urging car manufacturers to swiftly ramp up their electric vehicle output. The U.S. has also progressed under the Clean Energy Agenda of the Biden administration, targeting electric vehicles to represent 50% of all vehicle sales by 2030. These regulatory and policy initiatives are speeding up the transition to electric mobility, which is directly increasing the demand for components such as adhesives utilized in battery production.
With the rise in EV production by more automakers, the demand for adhesives used in EV batteries becomes ever more essential. These adhesives serve various purposes, such as attaching individual battery cells, sealing battery packs, and offering thermal management to avoid overheating. Adhesives play a role in reducing the overall weight of battery packs, which is crucial for enhancing the range and energy efficiency of electric vehicles. For instance, firms such as CATL and LG Energy Solution, among the biggest global manufacturers of EV batteries, lead in battery innovation and need cutting-edge adhesives that provide excellent thermal conductivity, chemical stability, and robust bonding strength in high-stress environments.
Moreover, the rising use of commercial electric vehicles, including electric buses and trucks, is generating new adhesive demands for extensive battery systems. Firms such as Tesla, BYD, and Rivian are currently manufacturing electric vehicles across multiple industries, increasing the demand for specialized adhesives in more challenging applications. These commercial electric vehicles generally utilize high-capacity battery packs that need more robust, durable adhesives to guarantee safety and effectiveness. The rapid rise in the use of EVs worldwide, not only transforms the automotive industry but also generates a growing need for cutting-edge adhesives that facilitate the efficient, safe, and economical manufacturing of EV battery packs.
In 2023, 3.5 million more electric cars were sold than in 2022, showing a 35% rise from the prior year, surpassing six times the total sold in 2018. In 2023, electric vehicles made up roughly 18% of overall car sales, rising from 14% of electric cars in total car sales in 2022. Of that total, battery electric vehicles constituted 70% of the electric vehicle stock in 2023. The rise in electric vehicle manufacturing directly influences the demand for EV battery adhesives, vital for the assembly, sealing, and overall structural stability of battery packs. Additionally, government policies in major markets have significantly impacted the increase in electric vehicle uptake.
In China, numerous government incentive programs have driven new energy vehicle sales to unprecedented heights, with electric vehicles making up more than 25% of total vehicle sales in 2023. Similarly, in Europe, strict emissions policies such as the European Union's Green Deal have established bold targets to lower greenhouse gas emissions, urging car manufacturers to swiftly ramp up their electric vehicle output. The U.S. has also progressed under the Clean Energy Agenda of the Biden administration, targeting electric vehicles to represent 50% of all vehicle sales by 2030. These regulatory and policy initiatives are speeding up the transition to electric mobility, which is directly increasing the demand for components such as adhesives utilized in battery production.
With the rise in EV production by more automakers, the demand for adhesives used in EV batteries becomes ever more essential. These adhesives serve various purposes, such as attaching individual battery cells, sealing battery packs, and offering thermal management to avoid overheating. Adhesives play a role in reducing the overall weight of battery packs, which is crucial for enhancing the range and energy efficiency of electric vehicles. For instance, firms such as CATL and LG Energy Solution, among the biggest global manufacturers of EV batteries, lead in battery innovation and need cutting-edge adhesives that provide excellent thermal conductivity, chemical stability, and robust bonding strength in high-stress environments.
Moreover, the rising use of commercial electric vehicles, including electric buses and trucks, is generating new adhesive demands for extensive battery systems. Firms such as Tesla, BYD, and Rivian are currently manufacturing electric vehicles across multiple industries, increasing the demand for specialized adhesives in more challenging applications. These commercial electric vehicles generally utilize high-capacity battery packs that need more robust, durable adhesives to guarantee safety and effectiveness. The rapid rise in the use of EVs worldwide, not only transforms the automotive industry but also generates a growing need for cutting-edge adhesives that facilitate the efficient, safe, and economical manufacturing of EV battery packs.
Technological Advancements Boost the EV Battery Adhesive Market
Technological innovations in electric vehicle battery designs and adhesive compositions are significantly contributing to the expansion of the EV adhesive market. As electric vehicles advance, the demand for high-performance adhesives capable of meeting the requirements of future battery technologies is becoming more evident. For instance, the shift from conventional lithium-ion batteries to advanced solid-state batteries poses notable challenges for adhesive producers. Solid-state batteries provide greater energy density and improved safety, necessitating adhesives capable of enduring extreme temperatures, mechanical stresses, and possible chemical reactions.
Adhesive manufacturers are reacting by creating innovative thermally conductive adhesives that not only join components but also effectively disperse heat, avoiding overheating, a frequent problem in battery pack systems. Furthermore, advancements in lightweight and structural bonding characteristics of adhesives are improving their uses in EV battery assembly.
Adhesives are increasingly superseding conventional mechanical fastening techniques, resulting in lighter and more compact battery packs, crucial for enhancing EV range and overall efficiency. For instance, 3M has launched a variety of structural adhesives tailored for the automotive sector that provide robust bonding, adaptability, and high-temperature resistance, making them perfect for EV uses.
Additionally, developments in robotics and automation have greatly influenced the adhesive application procedure. Automated dispensing systems enable accurate and consistent adhesive application, reducing waste and enhancing manufacturing productivity. Firms like Henkel have created automated adhesive application systems specifically designed for the production of EV batteries, guaranteeing consistent bonding throughout extensive battery packs. The ongoing progress in adhesive technology, propelled by the need for innovative EV battery designs, is essential for guaranteeing the effective, safe, and sustainable manufacturing of electric vehicles. As EV technology progresses, the adhesive market will remain crucial in influencing the future of electric transportation.
Adhesive manufacturers are reacting by creating innovative thermally conductive adhesives that not only join components but also effectively disperse heat, avoiding overheating, a frequent problem in battery pack systems. Furthermore, advancements in lightweight and structural bonding characteristics of adhesives are improving their uses in EV battery assembly.
Adhesives are increasingly superseding conventional mechanical fastening techniques, resulting in lighter and more compact battery packs, crucial for enhancing EV range and overall efficiency. For instance, 3M has launched a variety of structural adhesives tailored for the automotive sector that provide robust bonding, adaptability, and high-temperature resistance, making them perfect for EV uses.
Additionally, developments in robotics and automation have greatly influenced the adhesive application procedure. Automated dispensing systems enable accurate and consistent adhesive application, reducing waste and enhancing manufacturing productivity. Firms like Henkel have created automated adhesive application systems specifically designed for the production of EV batteries, guaranteeing consistent bonding throughout extensive battery packs. The ongoing progress in adhesive technology, propelled by the need for innovative EV battery designs, is essential for guaranteeing the effective, safe, and sustainable manufacturing of electric vehicles. As EV technology progresses, the adhesive market will remain crucial in influencing the future of electric transportation.
Recent Trends in the EV Battery Adhesive Market:
- The global shift towards electrification of vehicles spurred by stringent emissions regulations.
- The ongoing development of advanced battery technologies, such as solid-state batteries and lithium-sulphur batteries.
- Rising demand for eco-friendly adhesives in the EV sector.
- Focus on adhesives for bonding smaller, lightweight components without compromising on strength or functionality.
- Adhesive manufacturers are heavily investing in research and development (R&D).
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Challenges in EV Battery Disposal May Hamper the EV Battery Adhesive Market
A major challenge that could impede the expansion of the electric vehicle (EV) battery adhesive market is the growing complexity of disposing of used or end-of-life (EOL) batteries, directly affecting the overall sustainability and lifecycle management of battery-related elements, including adhesives. With the increasing adoption of electric vehicles, the number of batteries nearing the end of their useful life will surge dramatically, with projections indicating that by 2030, the worldwide accumulation of EV batteries may surpass 20 million tons. The recycling and disposal of these batteries pose substantial difficulties, largely because of the hazardous substances and combustible components in their manufacturing, along with the intricate design of contemporary batteries.
Adhesives employed in EV battery packs are intended to securely bond and seal different parts, yet this can lead to problems during recycling. In numerous instances, these adhesives can hinder the disassembly of battery packs, raising both the complexity and expense of battery recycling. For instance, robust bonding adhesives that ensure structural integrity can complicate the removal of individual cells or parts without harming the materials or diminishing the worth of recycled products. Additionally, some adhesives might not be suitable for eco-friendly recycling techniques and could add impurities to the recycling flow, thereby diminishing the efficiency of the process.
Although progress is being achieved in battery recycling technologies, the sector continues to encounter difficulties in creating economically sustainable solutions. The estimated global recycling rate for EV batteries at present is about 5%. If efficient disposal and recycling methods are not established, the increasing amount of waste EV batteries might result in serious environmental and financial issues, which could impact the demand for adhesives employed in battery packs. As rules concerning battery disposal tighten, adhesive manufacturers will face growing pressure to create products that are simpler to disassemble, recyclable, and environmentally sustainable, adding another challenge for the industry.
Adhesives employed in EV battery packs are intended to securely bond and seal different parts, yet this can lead to problems during recycling. In numerous instances, these adhesives can hinder the disassembly of battery packs, raising both the complexity and expense of battery recycling. For instance, robust bonding adhesives that ensure structural integrity can complicate the removal of individual cells or parts without harming the materials or diminishing the worth of recycled products. Additionally, some adhesives might not be suitable for eco-friendly recycling techniques and could add impurities to the recycling flow, thereby diminishing the efficiency of the process.
Although progress is being achieved in battery recycling technologies, the sector continues to encounter difficulties in creating economically sustainable solutions. The estimated global recycling rate for EV batteries at present is about 5%. If efficient disposal and recycling methods are not established, the increasing amount of waste EV batteries might result in serious environmental and financial issues, which could impact the demand for adhesives employed in battery packs. As rules concerning battery disposal tighten, adhesive manufacturers will face growing pressure to create products that are simpler to disassemble, recyclable, and environmentally sustainable, adding another challenge for the industry.
New Developments in the Electric Vehicle Battery Adhesives Market
As the electric vehicle (EV) market grows, many major battery and adhesive manufacturer try to stay ahead of their competition in the market through product launches and investments. For instance, in November 2024, Du Pont, launched BETAFORCE, an adhesive that bonds aluminum laminated film substrates without primers or pre-treatment, delivering durability, crashworthiness, and sustainability benefits. Made from 30% sustainable and bio-based components and room-temperature curing, it eradicates the need for very high-temperature ovens, improving its environmental credentials.
In addition, in May 2023, Henkel launched an injectable thermally conductive adhesive for EV battery pack systems. This adhesive, Loctite TLB 9300 APSi, is mass-produced to provide structural bonding and thermal conductivity, both, in the battery pack system.
Additionally, in June 2024, Avery Dennison introduced a pressure-sensitive adhesive tape solution for electric vehicle (EV) battery cell wrapping applications. This product was the add-on to the electric vehicle battery portfolio of the company of functional tape solutions and was manufactured to address arcing challenges within electric vehicle battery packs. Similarly, in June 2023, Bostik and Polytec PT launched a range of thermal conductive adhesives (TCA) to address the challenge of thermal management in the latest Cell-to-Pack (CTP) battery design for e-mobility solutions.
Moreover, in May 2024, DOW declared the mechanical conclusion of its VORATRON Poly-urethanes Systems adhesive and gap filler manufacturing line at its house of Poly-urethanes Systems in Ahlen, Germany. The firm plans to increase the volume of its VORATRON Polyurethane Systems product family by tenfold, confirming it can meet rising demand for these adhesives in battery pack assembly solutions for the electric mobility segment.
In addition, in May 2023, Henkel launched an injectable thermally conductive adhesive for EV battery pack systems. This adhesive, Loctite TLB 9300 APSi, is mass-produced to provide structural bonding and thermal conductivity, both, in the battery pack system.
Additionally, in June 2024, Avery Dennison introduced a pressure-sensitive adhesive tape solution for electric vehicle (EV) battery cell wrapping applications. This product was the add-on to the electric vehicle battery portfolio of the company of functional tape solutions and was manufactured to address arcing challenges within electric vehicle battery packs. Similarly, in June 2023, Bostik and Polytec PT launched a range of thermal conductive adhesives (TCA) to address the challenge of thermal management in the latest Cell-to-Pack (CTP) battery design for e-mobility solutions.
Moreover, in May 2024, DOW declared the mechanical conclusion of its VORATRON Poly-urethanes Systems adhesive and gap filler manufacturing line at its house of Poly-urethanes Systems in Ahlen, Germany. The firm plans to increase the volume of its VORATRON Polyurethane Systems product family by tenfold, confirming it can meet rising demand for these adhesives in battery pack assembly solutions for the electric mobility segment.
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Battery Manufacturing Facilities Drive the EV Battery Adhesive Market in the Asia-Pacific
The Asia-Pacific region leads the EV battery adhesive market, capturing the biggest share due to the swift growth of electric vehicle (EV) production and battery manufacturing. In 2023, China represented over 50% of worldwide EV sales, establishing itself as the primary force driving the demand for EV battery adhesives. The leading battery manufacturers in the nation, including CATL (Contemporary Amperex Technology Co. Ltd.), the world's largest battery maker, and BYD, are driving this expansion, consistently developing battery technologies that utilize specialized adhesives for processes such as cell bonding and module assembly.
South Korea and Japan play a vital role in the market, with top manufacturers such as LG Energy Solution, Samsung SDI, and Panasonic advocating for innovative adhesives to satisfy the needs of their state-of-the-art battery technologies. For instance, South Korea hosts LG Energy Solution, which occupies roughly 15% of the worldwide EV battery market share. These firms are progressively putting money into high-performance adhesives for applications in thermal regulation, sealing, and structural adhesion.
Additionally, the Indian electric vehicle market is expanding, as the uptake of electric two-wheeler and three-wheelers increases, further driving the need for adhesives designed for compact, high-performance battery packs. The market supremacy of the Asia-Pacific region is supported by the extensive production capacity and technological innovations in battery manufacturing.
South Korea and Japan play a vital role in the market, with top manufacturers such as LG Energy Solution, Samsung SDI, and Panasonic advocating for innovative adhesives to satisfy the needs of their state-of-the-art battery technologies. For instance, South Korea hosts LG Energy Solution, which occupies roughly 15% of the worldwide EV battery market share. These firms are progressively putting money into high-performance adhesives for applications in thermal regulation, sealing, and structural adhesion.
Additionally, the Indian electric vehicle market is expanding, as the uptake of electric two-wheeler and three-wheelers increases, further driving the need for adhesives designed for compact, high-performance battery packs. The market supremacy of the Asia-Pacific region is supported by the extensive production capacity and technological innovations in battery manufacturing.
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The report provides a detailed overview of the electric vehicle (EV) battery adhesive market insights in regions including North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa. The country-specific assessment for electric vehicle (EV) battery adhesive market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the electric vehicle (EV) battery adhesive market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the electric vehicle (EV) battery adhesive market. Some key country and region included in the electric vehicle (EV) battery adhesive market report as follows:
| Regions | Countries |
|---|---|
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Benelux, Nordic Region, Poland, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, ASEAN, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Egypt, Rest of MEA |
Electric Vehicle (EV) Battery Adhesives Market Research Report Covers In-depth Analysis on:
- Electric vehicle (EV) battery adhesive market detailed segments and segment-wise market breakdown
- Electric vehicle (EV) battery adhesive market dynamics (recent industry trends, drivers, restraints, growth potential, opportunities in electric vehicle (EV) battery adhesive industry)
- Current, historical and forthcoming 10 years market valuation in terms of electric vehicle (EV) battery adhesive market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Electric vehicle (EV) battery adhesive market demand analysis
- Electric vehicle (EV) battery adhesive market pricing analysis over forecast period (by key segment and by region)
- Electric vehicle (EV) battery adhesive market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in electric vehicle (EV) battery adhesive market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in electric vehicle (EV) battery adhesive market
- Electric vehicle (EV) battery adhesive market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on electric vehicle (EV) battery adhesive market forecast by countries
- Mergers and acquisitions in electric vehicle (EV) battery adhesive market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What are the key factors driving the growth of the electric vehicle battery adhesive market?
The market growth is primarily driven by the increasing demand for electric vehicles, the need for enhanced battery performance, and advancements in adhesive technologies to improve safety, durability, and efficiency in EVs.
How are advancements in adhesive technology influencing the electric vehicle battery adhesive market?
Technological innovations are contributing to the development of stronger, lighter, and more efficient adhesives, helping to enhance battery longevity and safety, which is a critical factor for the EV industry.
What are the major challenges faced by manufacturers in the electric vehicle battery adhesive market?
Key challenges include achieving high-performance bonding solutions that withstand extreme temperatures, vibrations, and chemicals, while also maintaining cost-effectiveness and scalability for mass EV production.
What role do regulatory standards play in shaping the electric vehicle battery adhesive market?
Regulatory standards for safety, environmental impact, and energy efficiency are critical in shaping the development of adhesives that meet stringent quality requirements, ensuring the safe and sustainable operation of electric vehicle batteries.
How is the demand for electric vehicle battery adhesives expected to evolve in the next decade?
As electric vehicle adoption accelerates, the demand for advanced battery adhesives is expected to grow substantially, driven by innovations in battery technologies and the push for better energy efficiency and performance in EVs.
