PUBLISHER: BIS Research | PRODUCT CODE: 1477899
PUBLISHER: BIS Research | PRODUCT CODE: 1477899
Introduction to Europe Additives Market for EV Adhesives and Sealants
The Europe additives market for EV adhesives and sealants (excluding U.K.) was valued at $15.83 million in 2023, and it is expected to grow at a CAGR of 24.41% and reach $113.07 million by 2032. The swift growth can be credited to the growing adoption of electric vehicles, heightened demand for lightweight materials in the electric vehicle industry, an increased focus on improving safety measures in electric vehicle crashes, and ongoing initiatives to improve battery pack thermal management and durability against impacts.
KEY MARKET STATISTICS | |
---|---|
Forecast Period | 2023 - 2032 |
2023 Evaluation | $15.83 Million |
2032 Forecast | $113.07 Million |
CAGR | 24.41% |
Market Introduction
The Europe additives market for electric vehicle (EV) adhesives and sealants is witnessing dynamic growth driven by the region's rapid transition towards electric mobility. With the increasing adoption of electric vehicles, there is a burgeoning demand for advanced adhesives and sealants to meet the unique requirements of EV components. These additives play a crucial role in enhancing the structural integrity, durability, and safety of EVs, addressing challenges such as vibration dampening, thermal management, and moisture resistance. Moreover, stringent regulations and standards pertaining to vehicle safety and emissions further propel the demand for high-performance adhesives and sealants in the EV sector. As Europe aims to accelerate its decarbonization efforts and promote sustainable transportation solutions, the market for additives in EV adhesives and sealants is poised for sustained growth, presenting opportunities for innovation and technological advancements in the automotive industry.
Market Segmentation
Segmentation 1: By Vehicle Type
Segmentation 2: By Propulsion Type
Segmentation 3: By Additive Type
Segmentation 4: By Product Type
Segmentation 5: By Function
Segmentation 6: By Sales Channel
Segmentation 7: by Country
How can this report add value to an organization?
Product/Innovation Strategy: The product strategy helps the readers understand the different aftermarket solutions provided by the industry participants.
Growth/Marketing Strategy: The additives market for EV adhesives and sealants is growing at a significant pace and holds enormous opportunities for market players. Some of the strategies covered in this segment are product launches, partnerships, collaborations, business expansions, and investments. The companies' preferred strategy has been product launches, partnerships, and collaborations to strengthen their positions in the Europe additives market for EV adhesives and sealants.
Competitive Strategy: The key players in the Europe additives market for EV adhesives and sealants analyzed and profiled in the study include the additives market for EV adhesives and sealants' solution providers that develop parts and accessories for EVs. Moreover, a detailed competitive benchmarking of the players operating in the additives market for EV adhesives and sealants has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing companies' coverage, product portfolio, and regional presence.
Some of the prominent names in this market are: