Key Challenges and Opportunities in the Electric Vehicle Adhesives Market

The electric vehicle adhesives market was estimated at USD 1.38 billion in 2022 and is likely to grow at a CAGR of 40.04% during 2023-2028 to reach USD 10.61 billion in 2028.

Adhesives are chemicals used to bond or adhere substances together. In EVs, adhesives are widely used to adhere to a variety of application areas everywhere ranging from body closures to battery assemblies. These are widely used in place of traditional heavy fastening assemblies or mechanical fasteners and provide lighter as well as thinner bonds with improved flexibility and strength.