Additives Market for EV Adhesives and Sealants Market Regional Outlook Asia-Pacific and Europe Driving Demand for Electric Vehicles

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Additives Market for EV Adhesives and Sealants Market- (By Vehicle Type (Passenger Vehicles, commercial Vehicles (Light Commercial Vehicles, Heavy Commercial Vehicles), By Propulsion Type (Battery Electric Vehicles (BEVs), Plug-In Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs), Fuel Cell Electric Vehicles (FCEVs)), By Additive Type (Dispersants/Wetting Agents, Defoamers, Rheology Modifiers, Surface Modifiers, Levelling/Flow Agents, Adhesion Promoters, Others), By Product Type (Product Types for Adhesives, Product Types for Sealants), By Function (Interior Components, Exterior Components, Powertrain/Chassis/Under-the-Hood), By Sales Channel (OEMs, Aftermarket)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Additives Market for EV Adhesives and Sealants is valued at US$ 90.9 Bn in 2022, and it is expected to reach US$ 466.6 Bn by 2031, with a CAGR of 20.15% during the forecast period of 2023-2031.

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The demand for adhesives and sealants additives has increased in tandem with the growing adoption of electric vehicles (EVs). These additives are critical in enhancing the performance and functionality of adhesives and sealants by improving properties such as mechanical strength, chemical resistance, thermal stability, flexibility, and durability. The use of bio-based additives in automotive components is expanding, offering benefits that include increased structural integrity, improved aesthetic qualities, enhanced safety, streamlined manufacturing processes, and cost efficiencies.

Compared to conventional petrochemical-derived additives, bio-based alternatives provide a more sustainable solution. Additionally, these additives support the development of lightweight adhesives and sealants, contributing to reduced vehicle weight and optimized battery efficiency. Structural adhesives and sealants are anticipated to play a key role in the bonding and sealing of EV battery systems.

Nevertheless, the global adoption of electric vehicles remains constrained by factors such as higher upfront costs and limited charging infrastructure, particularly in emerging and lower-income regions. Consequently, advancing battery thermal management technologies remains a strategic priority for EV and battery manufacturers to improve vehicle performance and extend driving range.

List of Prominent Players in the Additives Market for EV Adhesives and Sealants Market:
• BASF SE
• Evonik Industries AG
• BYK-Chemie GmbH
• Arkema SA.
• Clariant International Ltd
• Elementis plc
• Cabot Corporation
• Solvay SA
• Afton Chemicals
• Allnex GMBH
• ANGUS Chemical Company
• CHONGQING ACME TECH. CO., LTD.
• King Industries, Inc.
• Momentive Performance Materials, Inc.
• OSiC Performance Materials
• Others

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Market Dynamics:
Drivers:
The rising demand for additives in the adhesives and sealants sector for electric vehicles (EVs) is primarily driven by the push for lightweight materials and the accelerating adoption of EVs. The expansion of the electric vehicle industry, closely aligned with the implementation of progressive regulations and clean energy initiatives, has significantly fueled the need for specialized additives in EV adhesives and sealants. Rapid growth in EV sales relative to other clean energy sectors is further contributing to heightened demand for these advanced materials.

Challenges:
The growth of the EV adhesives and sealants additives market faces several challenges. Stringent regulatory requirements, a shortage of skilled professionals, and the absence of standardized protocols-exacerbated by pandemic-related lockdowns and social restrictions in emerging markets-may impede market expansion. Manufacturers are subject to increasingly rigorous product compliance obligations, including enhanced labeling, documentation, and external testing standards. Additionally, evolving regulatory guidance regarding biocides and material safety presents ongoing compliance pressures. Long-term market growth may also be influenced by supply chain disruptions, inflationary pressures, and shifts in consumer behavior resulting from the COVID-19 pandemic, which have affected both production and market dynamics.

Regional Trends:
The Asia-Pacific region is projected to secure a substantial share of the EV adhesives and sealants additives market, with strong revenue growth anticipated. Key growth drivers include rising battery and EV production, increasing construction expenditures, and the expansion of multiple end-use industries within the region. Europe also maintains a significant market presence, supported by technological advancements, high economic affluence, and the growing adoption of electric vehicles, which is expected to drive the demand for specialized adhesives and sealants in the near term.

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Recent Developments:
• In June 2023, Arkema unveiled an extensive selection of environmentally friendly alternatives and specialized materials designed for use in and around energy storage systems (ESS) and electric vehicle (EV) batteries. Arkema collaborated with the Rhinoceros Project, a consortium whose primary objective was promoting the sustainable reuse and recycling of lithium-ion batteries throughout the European Union.
• In Sept 2022, Clariant declared its intention to introduce a plastic additive solution tailored for electric vehicles at the K exhibition in Germany. This innovation is intended to assist the automotive sector in effectively extending battery life, enhancing charging capabilities, facilitating material recycling and reuse, and mitigating carbon emissions.

Segmentation of Additives Market for EV Adhesives and Sealants Market-
By Vehicle Type-
• Passenger Vehicles
• Commercial Vehicles
o Light Commercial Vehicles
o Heavy Commercial Vehicles
By Propulsion Type-
• Battery Electric Vehicles (BEVs)
• Plug-In Hybrid Electric Vehicles (PHEVs)
• Hybrid Electric Vehicles (HEVs)
• Fuel Cell Electric Vehicles (FCEVs)
By Additive Type-
• Dispersants/Wetting Agents
• Defoamers
• Rheology Modifiers
• Surface Modifiers
• Levelling/Flow Agents
• Adhesion Promoters
• Others
By Product Type-
• Product Types for Adhesives
• Product Types for Sealants
By Function-
• Interior Components
• Exterior Components
• Powertrain/Chassis/Under-the-Hood
By Sales Channel-
• OEMs
• Aftermarket
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/additives-market-for-ev-adhesives-and-sealants-market/2231

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.