Dublin, June 04, 2024 (GLOBE NEWSWIRE) -- The "Europe Additives Market for EV Adhesives and Sealants: Focus on Vehicle Type, Propulsion Type, Additive Type, Product Type, Function, Sales Channel, and Region - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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 Attributes:
| Report Attribute | Details |
| No. of Pages | 150 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $15.83 Million |
| Forecasted Market Value (USD) by 2032 | $113.07 Million |
| Compound Annual Growth Rate | 24.4% |
| Regions Covered | Europe |
Industry Dynamics
Business Drivers
- Proliferating Adoption of Electric Vehicles
- Increasing Importance of Thermal Management in EV Batteries
- Rising Popularity of Fuel-Cell Electric Vehicles (FCEVs)
Trends: Current and Future
- Electrification of Fleets
- Role of Governments in the e-Mobility Industry
Business Challenges
- Volatile Raw Material Prices
- Sealants and Adhesives Facing Environmental and Safety Challenges in the Electric Vehicle Industry
Business Opportunities
- Shifting Focus toward Sustainable Additive Solutions
- Increasing Emphasis on Electric Vehicle (EV) Lightweighting
Supply Chain Analysis
- Consortiums and Associations/Ongoing Programs for Electric Vehicles
- Consortiums and Associations
- Programs by Research Institutions and Universities
Business Strategies
- Product Development
- Market Development
Corporate Strategies
- Mergers and Acquisitions
- Partnerships, Collaborations, Joint Ventures, and Alliances
Competitive Benchmarking & Company Profiles
- BASF SE
- Arkema S.A.
- Allnex GMBH
- BYK-Chemie GmbH
- Elementis plc
- Clariant International Ltd
- Evonik Industries AG
- Solvay SA
-
- Company Overview
- Role in the Additives Market for EV Adhesives and Sealants
- Product Portfolio
- Production Sites and R&D Analysis
- Production Sites
- R&D Analysis
- Business Strategies
- Market Developments
- Partnerships, Collaborations, and Joint Ventures
- Analyst View
Market Segmentation
Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Propulsion Type
- Battery Electric Vehicles (BEVs)
- Plug-In Hybrid Electric Vehicles (PHEVs)
- Hybrid Electric Vehicles (HEVs)
- Fuel Cell Electric Vehicles (FCEVs)
Additive Type
- Dispersants/Wetting Agents
- Defoamers
- Rheology Modifiers
- Surface Modifiers
- Leveling/Flow Agents
- Adhesion Promoters
- Others
Product Type
- Product Types for Adhesives
- Product Types for Sealants
Function
- Interior Components
- Exterior Components
- Powertrain/Chassis/Under-the-Hood
Sales Channel
- OEMs
- Aftermarket
Country
- Germany
- France
- Spain
- Italy
- Rest-of-Europe
For more information about this report visit https://www.researchandmarkets.com/r/mz8ww5
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