Market Forecast By Type (Structural Adhesives and Sealants (Epoxy Adhesives and Sealants, Polyurethane Adhesives and Sealants, Silicone Adhesives and Sealants, Polyacrylates Adhesives and Sealants, Others), Thermal materials (Thermal Gap Pads, Liquid Gap Filler)), By Applications (Hybrid Electric Vehicles, Battery Electric Vehicles), By Regions (North America, Europe, Middle East, Africa, Asia Pacific, Latin America) And Competitive Landscape
Product Code: ETC004560 | Publication Date: Oct 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Report Name | Structural Adhesives, Sealants and Thermal Materials for EV Batteries Market |
Forecast Period | 2025-2031 |
Market Size | USD 3.2 billion by 2031 |
CAGR | 8.5% |
Growing Sector | Retail & E-commerce |
The Structural Adhesives, Sealants and Thermal Materials for EV Batteries Market report thoroughly covers the market by Type, Thermal materials, Applications, and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Structural Adhesives, Sealants and Thermal Materials for EV Batteries Market Size & Analysis
Structural Adhesives, Sealants and Thermal Materials for EV Batteries Market Size will witness enormous growth between 2025 and 2031, as individuals are increasingly embrace the use of electric vehicles (EVs) worldwide. The growth of the market is projected to witness a compound annual growth rate (CAGR) of about 8.5% through the forecast period. The market will expand from an estimated USD 1.8 billion to around USD 3.2 billion by 2031. Growing emphasis on EV efficiency, performance, and safety is driving demand for these materials.
Structural Adhesives, Sealants, and Thermal Materials for EV Batteries Market has been experiencing widespread development all over the globe due to the propagation of the use of electric vehicles globally. A need for the newest materials with efficiency, safety, and performance is inducing enormous changes in bonding sealing and heat management technologies. The Structural Adhesives, Sealants and Thermal Materials for EV Batteries Industry places a strong focus on innovation towards lightweight yet resilient solutions to address changing automotive requirements. The industry has an important role to play in addressing the most challenging needs of thermal stability, high-strength bonding, and long life, all of which are critical to contemporary EV designs.
According to 6Wresearch, the Structural Adhesives, Sealants and Thermal Materials for EV Batteries Market is expected to grow at a CAGR of 8.5% during the forecast period 2025-2031. This growth is influenced by some major drivers. The global shift towards electrification, driven by government subsidies and strict environmental policies, has accelerated the pace of EV technology development considerably. Moreover, breakthroughs in material science have developed new technologies that improve battery performance, safety, and lifecycle, further driving industry demand. The introduction of next-generation electric vehicles, energy-efficient and safe, has also widened the scope for these materials.
However, the industry is faced with high production costs and the fact that it cannot scale up production processes without compromising on quality standards. Additionally, the industry has to contend with raw material supply issues, strict compliance, and the ever-evolving technology environment, which calls for ongoing research and development. Despite the challenges, the players in the industry are poised to drive Structural Adhesives, Sealants and Thermal Materials for EV Batteries Market through strategic partnerships and investment in innovation. The market is still on the growth path, driven by the increasing demand for electric vehicles globally.
The industry is seeing drastic changes and latest trends being driven by innovation in electric vehicle technology and growing demand for sustainable solutions:
Investment Opportunities in the Structural Adhesives, Sealants and Thermal Materials for EV Batteries Market
Structural Adhesives, Sealants and Thermal Materials for EV Batteries Market is growing at a tremendous pace, and huge potential exists for investment. With increasing vehicle electrification in the automotive segment and changing end-user preferences in the direction of eco-friendly technology, the market has fertile grounds to invest in. Watch out for:
Emerging Markets: Increasing EV adoption in emerging markets implies uncharted ground for market entrants.
The competitive pressure from market leaders drives the Structural Adhesives, Sealants and Thermal Materials for EV Batteries Market Growth through innovations and expansion in the market. Market leaders are:
Government policies are among the most influential forces in the Structural Adhesives, Sealants and Thermal Materials for EV Batteries Appliances Industry, with governments around the world increasing their emphasis on sustainability and emission reductions. Dramatic policies on electric vehicle safety standards, environmental effectiveness, and recycling are pushing adhesive and sealant technologies to innovate. Policies like restrictions on volatile organic compounds (VOCs) in thermal products ensure that manufacturers focus on green products. In addition, international efforts towards the production of higher-performance EV batteries and heat management indirectly influence the production of high-performance structural adhesives and sealants, forcing the industry players to improve the performance, longevity, and recyclability of their products. These mechanisms of regulation not only force the industry towards environmentally friendlier options but also create the competitiveness and responsiveness of the producers in this competitive market.
The future for Structural Adhesives, Sealants and Thermal Materials for EV Batteries Market looks promising with strong growth in electric vehicle technologies and increasing focus on sustainability. As the use of EVs gains more momentum, demand for high-performance adhesives and sealants with enhanced thermal management and structural properties will rise even further. Manufacturers would need to utilize nanotechnology and bio-based materials to lead industry and regulatory pressures in creating more efficient and environmentally friendly products. The evolving markets of the Asia-Pacific, especially in China and India, are expected to be at the forefront of driving market opportunities in tandem with increasing EV manufacturing capacity and favourable government policies. Moreover, advancements in battery technology, like solid-state batteries, will impact the production of customized adhesive and thermal products.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Structural adhesives and sealants, specifically epoxy adhesives, will dominate here because of their enhanced bonding strength as well as compatibility with various substrates utilized for EV battery assembly. Epoxy adhesives are well placed to provide high-temperature and chemical resistance required for structural integrity as well as survival under aggressive conditions.
Liquid gap fillers are projected to dominate the Structural adhesives, sealants and thermal materials for EV batteries Market due to their capacity to provide maximum thermal conductivity and seal complex gaps effectively. The materials have a significant function in heat dissipation management of EV batteries, hence offering better performance and lifespan. Their capability to be used in various applications and their capacity to satisfy exact thermal management specifications make them a go-to choice for sophisticated battery designs, including solid-state batteries.
Battery electric vehicles (BEVs) will most likely be the leading application segment as their manufacturing and usage levels are rising at a quick rate globally. BEVs largely depend on superior high-performance adhesives and thermal solutions to build batteries efficiently, maximize heat, and maintain system integrity. Encouraging government initiatives for zero-emission cars and innovations in high-capacity batteries are also ensuring this segment dominates the market.
According to Ravi Bhandari, Research Head, 6Wresearch, Asia Pacific will lead the regional market with its commanding EV production capacity, most notably in China and India, where giants are expanding capacity. The region has a favourable regulatory environment, high investments in EV infrastructure, and the presence of leading companies pushing innovation in structural adhesives and thermal materials.
The Structural adhesives, sealants and thermal materials for EV batteries Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Overview |
3.1. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, 2021-2031F |
3.2. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Type, 2021 & 2031F |
3.3. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Applications, 2021 & 2031F |
3.5. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Regions, 2021 & 2031F |
3.6. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Industry Life Cycle |
3.7. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market- Porter’s Five Forces |
4. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Trends |
6. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Overview, By Type |
6.1. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, By Structural Adhesives and Sealants, 2021-2031F |
6.1.1. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, By Epoxy Adhesives and Sealants, 2021-2031F |
6.1.2. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, By Polyacrylictics Adhesives and Sealants, 2021-2031F |
6.1.3. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, By Silicone Adhesives and Sealants, 2021-2031F |
6.1.4. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, By Polyurethane Adhesives and Sealants, 2021-2031F |
6.1.5. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, By Others, 2021-2031F |
6.2. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, By Thermal Batteries, 2021-2031F |
6.2.1. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, By Thermal Gap Pads, 2021-2031F |
6.2.2. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, By Liquid Gap Filler, 2021-2031F |
7. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Overview, By Applications |
7.1. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, By Hybrid Eletric Vehicles, 2021-2031F |
7.2. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, By Battery Electric Vehicles, 2021-2031F |
8. Asia Pacific Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Overview |
8.1. Asia Pacific Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, 2021-2031F |
8.2. Asia Pacific Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Type, 2021 & 2031F |
8.3. Asia Pacific Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Applications, 2021 & 2031F |
8.4. Asia Pacific Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Countries, 2021 & 2031F |
9. North America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Overview |
9.1. North America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, 2021-2031F |
9.2. North America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Type, 2021 & 2031F |
9.3. North America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Applications, 2021 & 2031F |
9.4. North America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Countries, 2021 & 2031F |
10. Latin America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Overview |
10.1. Latin America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, 2021-2031F |
10.2. Latin America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Type, 2021 & 2031F |
10.3. Latin America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Applications, 2021 & 2031F |
10.4. Latin America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Countries, 2021 & 2031F |
11. Europe Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Overview |
11.1. Europe Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, 2021-2031F |
11.2. Europe Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Type, 2021 & 2031F |
11.3. Europe Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Applications, 2021 & 2031F |
11.4. Europe Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Countries, 2021 & 2031F |
12. Middle East Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Overview |
12.1. Middle East Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, 2021-2031F |
12.2. Middle East Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Type, 2021 & 2031F |
12.3. Middle East Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Applications, 2021 & 2031F |
12.4. Middle East Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Countries, 2021 & 2031F |
13. Africa Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Overview |
13.1. Africa Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenues, 2021-2031F |
13.2. Africa Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Type, 2021 & 2031F |
13.3. Africa Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Applications, 2021 & 2031F |
13.4. Africa Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Revenue Share, By Countries, 2021 & 2031F |
14. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market Competitive Landscape |
14.1. Global Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market, By Companies, 2021 |
14.2. Asia Pacific Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market, By Companies, 2021 |
14.3. North America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market, By Companies, 2021 |
14.4. Latin America Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market, By Companies, 2021 |
14.5. Europe Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market, By Companies, 2021 |
14.7. Middle East Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market, By Companies, 2021 |
14.8. Africa Structural Adhesives, Sealants and Thermal Batteries for EV Batteries Market, By Companies, 2021 |
15. Company Profiles |
16. Key Strategic Recommendations |