Product Code: ETC11844174 | Publication Date: Apr 2025 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India electric vehicle adhesives market is experiencing significant growth due to the rising adoption of electric vehicles in the country. Adhesives play a crucial role in the manufacturing of electric vehicles, providing bonding solutions for various components such as batteries, motors, and electronics. The market is driven by factors such as government initiatives to promote electric vehicle adoption, increasing environmental concerns, and advancements in adhesive technologies. Key players in the market are focusing on developing innovative adhesive solutions that offer high performance, durability, and sustainability to meet the specific requirements of electric vehicle manufacturers. With the automotive industry shifting towards electric vehicles, the demand for adhesives in this sector is expected to continue growing in the coming years, presenting opportunities for market expansion and technological advancements.
The India electric vehicle adhesives market is experiencing a growing demand for environmentally friendly and high-performance adhesives to meet the requirements of electric vehicle (EV) manufacturers. As the EV market continues to expand rapidly in India, there is a shift towards lightweight materials and advanced bonding solutions to enhance the overall efficiency and safety of electric vehicles. Adhesives with properties such as thermal conductivity, electrical insulation, and corrosion resistance are becoming increasingly popular in EV manufacturing to ensure optimal performance and durability. Additionally, there is a rising focus on sustainable adhesives that reduce the environmental impact of EV production processes. Overall, the India electric vehicle adhesives market is witnessing a trend towards innovative and eco-friendly adhesive solutions to cater to the evolving needs of the electric vehicle industry.
In the India electric vehicle adhesives market, one of the main challenges is the lack of awareness and understanding among manufacturers regarding the benefits and application of advanced adhesives in electric vehicles. Many traditional manufacturers may still rely on mechanical fastening methods instead of utilizing high-performance adhesives for bonding components in electric vehicles. Additionally, the high initial cost of specialized electric vehicle adhesives compared to conventional options can be a barrier for some manufacturers. Furthermore, the need for customized adhesive solutions to meet the specific requirements of electric vehicle components, such as thermal conductivity and resistance to high temperatures, poses a challenge for adhesive suppliers in catering to the diverse needs of the rapidly evolving electric vehicle industry in India.
The India electric vehicle adhesives market presents lucrative investment opportunities due to the increasing adoption of electric vehicles in the country driven by government initiatives and growing environmental concerns. Investment in adhesives used in electric vehicles, such as structural adhesives for battery assembly and thermal management adhesives for efficient heat dissipation, can yield high returns. Key areas of focus for investors include innovative adhesive technologies that enhance vehicle performance, durability, and safety, as well as sustainable solutions that align with the green initiatives of electric vehicle manufacturers. With the Indian government`s push towards electric mobility and a shifting automotive landscape, investing in the electric vehicle adhesives market in India can be a strategic move for long-term growth and profitability.
The Indian government has implemented various policies to promote the adoption of electric vehicles (EVs) in the country, consequently impacting the electric vehicle adhesives market. The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme offers financial incentives for the purchase of EVs and aims to establish charging infrastructure. Additionally, the government has set a target for 30% of all vehicles on the road to be electric by 2030. These policies drive the demand for electric vehicles, subsequently creating opportunities for the electric vehicle adhesives market to grow. Furthermore, the government`s focus on promoting sustainable transportation and reducing emissions aligns with the use of EVs, thereby positively impacting the market for adhesives used in electric vehicles in India.
The future outlook for the India electric vehicle adhesives market looks promising with an upward trajectory driven by the increasing adoption of electric vehicles in the country. The demand for electric vehicle adhesives is expected to grow as automakers focus on producing lightweight and energy-efficient electric vehicles. This market is likely to benefit from government initiatives promoting electric vehicle adoption, favorable regulations, and the growing environmental consciousness among consumers. Additionally, advancements in adhesive technologies tailored for electric vehicles, such as thermal management adhesives and structural adhesives for battery assembly, are expected to further drive market growth. Overall, the India electric vehicle adhesives market is anticipated to witness significant expansion in the coming years, presenting opportunities for adhesive manufacturers and suppliers to capitalize on this evolving industry trend.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electric Vehicle Adhesives Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electric Vehicle Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 India Electric Vehicle Adhesives Market - Industry Life Cycle |
3.4 India Electric Vehicle Adhesives Market - Porter's Five Forces |
3.5 India Electric Vehicle Adhesives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Electric Vehicle Adhesives Market Revenues & Volume Share, By Adhesive Material, 2021 & 2031F |
3.7 India Electric Vehicle Adhesives Market Revenues & Volume Share, By Features, 2021 & 2031F |
3.8 India Electric Vehicle Adhesives Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 India Electric Vehicle Adhesives Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 India Electric Vehicle Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Electric Vehicle Adhesives Market Trends |
6 India Electric Vehicle Adhesives Market, By Types |
6.1 India Electric Vehicle Adhesives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Electric Vehicle Adhesives Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 India Electric Vehicle Adhesives Market Revenues & Volume, By Structural Adhesives, 2021 - 2031F |
6.1.4 India Electric Vehicle Adhesives Market Revenues & Volume, By Conductive Adhesives, 2021 - 2031F |
6.1.5 India Electric Vehicle Adhesives Market Revenues & Volume, By Sealing Adhesives, 2021 - 2031F |
6.1.6 India Electric Vehicle Adhesives Market Revenues & Volume, By Instant Bonding Adhesives, 2021 - 2031F |
6.2 India Electric Vehicle Adhesives Market, By Adhesive Material |
6.2.1 Overview and Analysis |
6.2.2 India Electric Vehicle Adhesives Market Revenues & Volume, By Epoxy, 2021 - 2031F |
6.2.3 India Electric Vehicle Adhesives Market Revenues & Volume, By Polyurethane, 2021 - 2031F |
6.2.4 India Electric Vehicle Adhesives Market Revenues & Volume, By Silicone, 2021 - 2031F |
6.2.5 India Electric Vehicle Adhesives Market Revenues & Volume, By Acrylic, 2021 - 2031F |
6.3 India Electric Vehicle Adhesives Market, By Features |
6.3.1 Overview and Analysis |
6.3.2 India Electric Vehicle Adhesives Market Revenues & Volume, By High Heat Resistance, 2021 - 2031F |
6.3.3 India Electric Vehicle Adhesives Market Revenues & Volume, By Vibration Dampening, 2021 - 2031F |
6.3.4 India Electric Vehicle Adhesives Market Revenues & Volume, By Corrosion Protection, 2021 - 2031F |
6.3.5 India Electric Vehicle Adhesives Market Revenues & Volume, By High Strength, 2021 - 2031F |
6.4 India Electric Vehicle Adhesives Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Electric Vehicle Adhesives Market Revenues & Volume, By Battery Assembly, 2021 - 2031F |
6.4.3 India Electric Vehicle Adhesives Market Revenues & Volume, By Power Electronics, 2021 - 2031F |
6.4.4 India Electric Vehicle Adhesives Market Revenues & Volume, By Thermal Management, 2021 - 2031F |
6.4.5 India Electric Vehicle Adhesives Market Revenues & Volume, By Lightweight Vehicle Components, 2021 - 2031F |
6.5 India Electric Vehicle Adhesives Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 India Electric Vehicle Adhesives Market Revenues & Volume, By Automakers, 2021 - 2031F |
6.5.3 India Electric Vehicle Adhesives Market Revenues & Volume, By EV Manufacturers, 2021 - 2031F |
6.5.4 India Electric Vehicle Adhesives Market Revenues & Volume, By Battery Pack Assemblers, 2021 - 2031F |
6.5.5 India Electric Vehicle Adhesives Market Revenues & Volume, By Component Suppliers, 2021 - 2031F |
7 India Electric Vehicle Adhesives Market Import-Export Trade Statistics |
7.1 India Electric Vehicle Adhesives Market Export to Major Countries |
7.2 India Electric Vehicle Adhesives Market Imports from Major Countries |
8 India Electric Vehicle Adhesives Market Key Performance Indicators |
9 India Electric Vehicle Adhesives Market - Opportunity Assessment |
9.1 India Electric Vehicle Adhesives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Electric Vehicle Adhesives Market Opportunity Assessment, By Adhesive Material, 2021 & 2031F |
9.3 India Electric Vehicle Adhesives Market Opportunity Assessment, By Features, 2021 & 2031F |
9.4 India Electric Vehicle Adhesives Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 India Electric Vehicle Adhesives Market Opportunity Assessment, By End User, 2021 & 2031F |
10 India Electric Vehicle Adhesives Market - Competitive Landscape |
10.1 India Electric Vehicle Adhesives Market Revenue Share, By Companies, 2024 |
10.2 India Electric Vehicle Adhesives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |