Electric Vehicle Adhesives Market | Exactitude Consultancy Reports

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Electric Vehicle Adhesives Market Overview
The Electric Vehicle Adhesives Market is expected to grow at 24 % CAGR from 2022 to 2029. It is expected to reach above USD 421 Billion by 2029 from USD 0.5 Billion in 2022.

Electric vehicle adhesives are substances that can connect two different elements of a component or gadget without affecting whether they work separately. Adhesives can take the place of mechanical devices like fasteners. It offers a solid, lightweight, and thinner bond, expanding its use to different components of electric vehicles, such as the powerplant. When compared to traditional nuts and bolts, it also can adhere to different materials and further imparts flexibility and strength.
segment Analysis
The electric vehicle adhesives market is segmented based on resin type, form, vehicle type, substrate, application, and region. Based on resin type the market is bifurcated into Epoxy, Polyurethane, Silicone, Acrylic, and Others. By forming the market is bifurcated Into Liquid, Film & Tape, and Others. By application, the market is bifurcated into Powertrain Systems, Exterior, and Interior. By vehicle type, the market is bifurcated into Electric cars, Electric buses, Electric bikes, and Electric trucks. By Substrate, the market is bifurcated into polymer, composite, metal, and others.

Based on application exterior segment is dominating the market. The demand for batteries, electric motors, doors, instrument clusters, infotainment systems, seats, different panels, and charging ports has increased as more electric cars are produced and sold. The most crucial part of an electric automobile is the battery because it powers the vehicle. The car’s battery weighs more than the other components combined. Lightweight materials are utilized in electric car applications to balance the weight of batteries and lessen the total weight of electric cars. Adhesives are employed in the electric vehicle sector in place of welds, screws, rivets, gaskets, and fasteners, allowing automakers to create lightweight vehicles. The range of electric vehicles is one issue. Automakers are tackling this problem by boosting the vehicle’s battery capacity.

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