Global Electric Vehicle Adhesives Market to Reach $1.8 Billion by 2030
The global market for Electric Vehicle Adhesives estimated at US$158.5 Million in the year 2023, is expected to reach US$1.8 Billion by 2030, growing at a CAGR of 41.4% over the period 2023-2030. Adhesives for Plug-in Hybrid Electric Vehicle, one of the segments analyzed in the report, is expected to record 35.6% CAGR and reach US$642.3 Million by the end of the analysis period. Growth in the Adhesives for Battery Electric Vehicle segment is estimated at 45.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $52.6 Million, While China is Forecast to Grow at 38.7% CAGR
The Electric Vehicle Adhesives market in the U.S. is estimated at US$52.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$271.2 Million by the year 2030 trailing a CAGR of 38.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 36.5% and 35.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 27.7% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook