New Energy Vehicle Power Battery Adhesives Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 3.4 Billion by 2033, growing at a CAGR of 12.5% from 2026 to 2033.
The global New Energy Vehicle (NEV) Power Battery Adhesives market was valued at approximately USD 1.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 12.5% during the forecast period from 2023 to 2030. This significant growth is driven by the increasing adoption of electric vehicles (EVs) and the rising demand for high performance, energy efficient power battery solutions. The market is primarily influenced by advancements in battery technology, which require adhesives for improved battery cell assembly, structural integrity, and thermal management. The growing push for reducing carbon emissions and enhancing energy storage systems further boosts the demand for such adhesives in the automotive industry.
Regionally, Asia Pacific dominates the NEV Power Battery Adhesives market, accounting for over 45% of the global share in 2022. This is attributed to the presence of major electric vehicle manufacturers and a strong manufacturing base for power batteries in countries like China, Japan, and South Korea. North America and Europe also hold substantial shares, driven by increasing government incentives for EV adoption and advancements in battery technology. The North American market is expected to grow at a faster pace due to increasing investments in renewable energy and EV infrastructure. The Middle East and Africa, along with Latin America, are expected to witness moderate growth owing to their growing interest in electric vehicles and sustainable mobility solutions.
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Dow
Henkel
Sika
3M
Parker Hannifin
Huntsman
DuPont
PPG
H.B. Fuller
Arkema
Wacker Chemie
Hubei Huitian New Materials Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global New Energy Vehicle Power Battery Adhesives Market
Electric Vehicle (EV)
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel Cell Electric Vehicle (FCEV)
Lithium-ion Battery
Lead-acid Battery
Nickel-Metal Hydride (NiMH) Battery
Sodium-ion Battery
Cell-to-Pack Adhesives
Cell-to-Cell Adhesives
Module-to-Pack Adhesives
Sealing and Potting Adhesives
Thermal Conductive Adhesives
Structural Adhesives
Conductive Adhesives
Pressure Sensitive Adhesives (PSA)
Automotive
Aerospace
Marine
Public Transport
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global New Energy Vehicle Power Battery Adhesives Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global New Energy Vehicle Power Battery Adhesives Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global New Energy Vehicle Power Battery Adhesives Market, By Type
6. Global New Energy Vehicle Power Battery Adhesives Market, By Application
7. Global New Energy Vehicle Power Battery Adhesives Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global New Energy Vehicle Power Battery Adhesives Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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