Product Code: AM02032SS
Introduction to Europe Additives Market for EV Adhesives and Sealants
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.
KEY MARKET STATISTICS |
Forecast Period | 2023 - 2032 |
2023 Evaluation | $15.83 Million |
2032 Forecast | $113.07 Million |
CAGR | 24.41% |
Market Introduction
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.
Market Segmentation
Segmentation 1: By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Segmentation 2: By Propulsion Type
- Battery Electric Vehicles (BEVs)
- Plug-In Hybrid Electric Vehicles (PHEVs)
- Hybrid Electric Vehicles (HEVs)
- Fuel Cell Electric Vehicles (FCEVs)
Segmentation 3: By Additive Type
- Dispersants/Wetting Agents
- Defoamers
- Rheology Modifiers
- Surface Modifiers
- Leveling/Flow Agents
- Adhesion Promoters
- Others
Segmentation 4: By Product Type
- Product Types for Adhesives
- Product Types for Sealants
Segmentation 5: By Function
- Interior Components
- Exterior Components
- Powertrain/Chassis/Under-the-Hood
Segmentation 6: By Sales Channel
Segmentation 7: by Country
- Germany
- France
- Spain
- Italy
- Rest-of-Europe
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 Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing companies' coverage, product portfolio, and regional presence.
Some of the prominent names in this market are:
- BASF SE
- Arkema S.A.
- Allnex GMBH
- BYK-Chemie GmbH
- Elementis plc
- Clariant International Ltd
- Evonik Industries AG
- Solvay SA
Table of Contents
Executive Summary
Scope of the Study
1 Markets
- 1.1 Industry Outlook
- 1.1.1 Trends: Current and Future
- 1.1.1.1 Electrification of Fleets
- 1.1.1.2 Role of Governments in the e-Mobility Industry
- 1.1.2 Supply Chain Analysis
- 1.1.3 Consortiums and Associations/Ongoing Programs for Electric Vehicles
- 1.1.3.1 Consortiums and Associations
- 1.1.3.2 Programs by Research Institutions and Universities
- 1.2 Business Dynamics
- 1.2.1 Business Drivers
- 1.2.1.1 Proliferating Adoption of Electric Vehicles
- 1.2.1.2 Increasing Importance of Thermal Management in EV Batteries
- 1.2.1.3 Rising Popularity of Fuel-Cell Electric Vehicles (FCEVs)
- 1.2.2 Business Challenges
- 1.2.2.1 Volatile Raw Material Prices
- 1.2.2.2 Sealants and Adhesives Facing Environmental and Safety Challenges in the Electric Vehicle Industry
- 1.2.3 Business Opportunities
- 1.2.3.1 Shifting Focus toward Sustainable Additive Solutions
- 1.2.3.2 Increasing Emphasis on Electric Vehicle (EV) Lightweighting
- 1.2.4 Business Strategies
- 1.2.4.1 Product Development
- 1.2.4.2 Market Development
- 1.2.5 Corporate Strategies
- 1.2.5.1 Mergers and Acquisitions
- 1.2.5.2 Partnerships, Collaborations, Joint Ventures, and Alliances
2 Regions
- 2.1 Demand Analysis of Additives Market for EV Adhesives and Sealants, Volume and Value Data, By Region
- 2.2 Europe
- 2.2.1 Market
- 2.2.1.1 Buyer Attributes
- 2.2.1.2 Key Manufacturers/Suppliers in Europe
- 2.2.1.3 Business Drivers
- 2.2.1.4 Business Challenges
- 2.2.2 Applications
- 2.2.2.1 Europe Additives Market for EV Adhesives and Sealants (by Vehicle Type), Volume and Value Data
- 2.2.2.2 Europe Additives Market for EV Adhesives and Sealants (by Propulsion Type), Volume and Value Data
- 2.2.3 Products
- 2.2.3.1 Europe Additives Market for EV Adhesives and Sealants (by Additive Type), Volume and Value Data
- 2.2.3.2 Europe Additives Market for EV Adhesives and Sealants (by Product Type), Volume and Value Data
- 2.2.3.2.1 Europe Additives Market for EV Adhesives and Sealants (by Product Type, Adhesives), Volume and Value Data
- 2.2.3.2.2 Europe Additives Market for EV Adhesives and Sealants (by Product Type, Sealants), Volume and Value Data
- 2.2.3.3 Europe Additives Market for EV Adhesives and Sealants (by Function), Volume and Value Data
- 2.2.3.4 Europe Additives Market for EV Adhesives and Sealants (by Sales Channel), Volume and Value Data
- 2.2.4 Europe (by Country)
- 2.2.4.1 Germany
- 2.2.4.1.1 Market
- 2.2.4.1.1.1 Buyer Attributes
- 2.2.4.1.1.2 Key Manufacturers/Suppliers in Germany
- 2.2.4.1.1.3 Business Drivers
- 2.2.4.1.1.4 Business Challenges
- 2.2.4.1.2 Applications
- 2.2.4.1.2.1 Germany Additives Market for EV Adhesives and Sealants (by Vehicle Type), Volume and Value Data
- 2.2.4.1.2.2 Germany Additives Market for EV Adhesives and Sealants (by Propulsion Type), Volume and Value Data
- 2.2.4.1.3 Products
- 2.2.4.1.3.1 Germany Additives Market for EV Adhesives and Sealants (by Additive Type), Volume and Value Data
- 2.2.4.1.3.2 Germany Additives Market for EV Adhesives and Sealants (by Product Type), Volume and Value Data
- 2.2.4.1.3.2.1 Germany Additives Market for EV Adhesives and Sealants (by Product Type, Adhesives), Volume and Value Data
- 2.2.4.1.3.2.2 Germany Additives Market for EV Adhesives and Sealants (by Product Type, Sealants), Volume and Value Data
- 2.2.4.1.3.3 Germany Additives Market for EV Adhesives and Sealants (by Function), Volume and Value Data
- 2.2.4.1.3.4 Germany Additives Market for EV Adhesives and Sealants (by Sales Channel), Volume and Value Data
- 2.2.4.2 France
- 2.2.4.2.1 Market
- 2.2.4.2.1.1 Buyer Attributes
- 2.2.4.2.1.2 Key Manufacturers/Suppliers in France
- 2.2.4.2.1.3 Business Drivers
- 2.2.4.2.1.4 Business Challenges
- 2.2.4.2.2 Applications
- 2.2.4.2.2.1 France Additives Market for EV Adhesives and Sealants (by Vehicle Type), Volume and Value Data
- 2.2.4.2.2.2 France Additives Market for EV Adhesives and Sealants (by Propulsion Type), Volume and Value Data
- 2.2.4.2.3 Products
- 2.2.4.2.3.1 France Additives Market for EV Adhesives and Sealants (by Additive Type), Volume and Value Data
- 2.2.4.2.3.2 France Additives Market for EV Adhesives and Sealants (by Product Type), Volume and Value Data
- 2.2.4.2.3.2.1 France Additives Market for EV Adhesives and Sealants (by Product Type, Adhesives), Volume and Value Data
- 2.2.4.2.3.2.2 France Additives Market for EV Adhesives and Sealants (by Product Type, Sealants), Volume and Value Data
- 2.2.4.2.3.3 France Additives Market for EV Adhesives and Sealants (by Function), Volume and Value Data
- 2.2.4.2.3.4 France Additives Market for EV Adhesives and Sealants (by Sales Channel), Volume and Value Data
- 2.2.4.3 Italy
- 2.2.4.3.1 Market
- 2.2.4.3.1.1 Buyer Attributes
- 2.2.4.3.1.2 Key Manufacturers/Suppliers in Italy
- 2.2.4.3.1.3 Business Drivers
- 2.2.4.3.1.4 Business Challenges
- 2.2.4.3.2 Applications
- 2.2.4.3.2.1 Italy Additives Market for EV Adhesives and Sealants (by Vehicle Type), Volume and Value Data
- 2.2.4.3.2.2 Italy Additives Market for EV Adhesives and Sealants (by Propulsion Type), Volume and Value Data
- 2.2.4.3.3 Products
- 2.2.4.3.3.1 Italy Additives Market for EV Adhesives and Sealants (by Additive Type), Volume and Value Data
- 2.2.4.3.3.2 Italy Additives Market for EV Adhesives and Sealants (by Product Type), Volume and Value Data
- 2.2.4.3.3.2.1 Italy Additives Market for EV Adhesives and Sealants (by Product Type, Adhesives), Volume and Value Data
- 2.2.4.3.3.2.2 Italy Additives Market for EV Adhesives and Sealants (by Product Type, Sealants), Volume and Value Data
- 2.2.4.3.3.3 Italy Additives Market for EV Adhesives and Sealants (by Function), Volume and Value Data
- 2.2.4.3.3.4 Italy Additives Market for EV Adhesives and Sealants (by Sales Channel), Volume and Value Data
- 2.2.4.4 Spain
- 2.2.4.4.1 Market
- 2.2.4.4.1.1 Buyer Attributes
- 2.2.4.4.1.2 Key Manufacturers/Suppliers in Spain
- 2.2.4.4.1.3 Business Drivers
- 2.2.4.4.1.4 Business Challenges
- 2.2.4.4.2 Applications
- 2.2.4.4.2.1 Spain Additives Market for EV Adhesives and Sealants (by Vehicle Type), Volume and Value Data
- 2.2.4.4.2.2 Spain Additives Market for EV Adhesives and Sealants (by Propulsion Type), Volume and Value Data
- 2.2.4.4.3 Products
- 2.2.4.4.3.1 Spain Additives Market for EV Adhesives and Sealants (by Additive Type), Volume and Value Data
- 2.2.4.4.3.2 Spain Additives Market for EV Adhesives and Sealants (by Product Type), Volume and Value Data
- 2.2.4.4.3.2.1 Spain Additives Market for EV Adhesives and Sealants (by Product Type, Adhesives), Volume and Value Data
- 2.2.4.4.3.2.2 Spain Additives Market for EV Adhesives and Sealants (by Product Type, Sealants), Volume and Value Data
- 2.2.4.4.3.3 Spain Additives Market for EV Adhesives and Sealants (by Function), Volume and Value Data
- 2.2.4.4.3.4 Spain Additives Market for EV Adhesives and Sealants (by Sales Channel), Volume and Value Data
- 2.2.4.5 Rest-of-Europe
- 2.2.4.5.1 Market
- 2.2.4.5.1.1 Buyer Attributes
- 2.2.4.5.1.2 Key Manufacturers/Suppliers in Rest-of-Europe
- 2.2.4.5.1.3 Business Drivers
- 2.2.4.5.1.4 Business Challenges
- 2.2.4.5.2 Applications
- 2.2.4.5.2.1 Rest-of-Europe Additives Market for EV Adhesives and Sealants (by Vehicle Type), Volume and Value Data
- 2.2.4.5.2.2 Rest-of-Europe Additives Market for EV Adhesives and Sealants (by Propulsion Type), Volume and Value Data
- 2.2.4.5.3 Products
- 2.2.4.5.3.1 Rest-of-Europe Additives Market for EV Adhesives and Sealants (by Additive Type), Volume and Value Data
- 2.2.4.5.3.2 Rest-of-Europe Additives Market for EV Adhesives and Sealants (by Product Type), Volume and Value Data
- 2.2.4.5.3.2.1 Rest-of-Europe Additives Market for EV Adhesives and Sealants (by Product Type, Adhesives), Volume and Value Data
- 2.2.4.5.3.2.2 Rest-of-Europe Additives Market for EV Adhesives and Sealants (by Product Type, Sealants), Volume and Value Data
- 2.2.4.5.3.3 Rest-of-Europe Additives Market for EV Adhesives and Sealants (by Function), Volume and Value Data
- 2.2.4.5.3.4 Rest-of-Europe Additives Market for EV Adhesives and Sealants (by Sales Channel), Volume and Value Data
- 2.3 U.K.
- 2.3.1 Market
- 2.3.1.1 Buyer Attributes
- 2.3.1.2 Key Manufacturers/Suppliers in the U.K.
- 2.3.1.3 Business Drivers
- 2.3.1.4 Business Challenges
- 2.3.2 Applications
- 2.3.2.1 U.K. Additives Market for EV Adhesives and Sealants (by Vehicle Type), Volume and Value Data
- 2.3.2.2 U.K. Additives Market for EV Adhesives and Sealants (by Propulsion Type), Volume and Value Data
- 2.3.3 Products
- 2.3.3.1 U.K. Additives Market for EV Adhesives and Sealants (by Additive Type), Volume and Value Data
- 2.3.3.2 U.K. Additives Market for EV Adhesives and Sealants (by Product Type), Volume and Value Data
- 2.3.3.2.1 U.K. Additives Market for EV Adhesives and Sealants (by Product Type, Adhesives), Volume and Value Data
- 2.3.3.2.2 U.K. Additives Market for EV Adhesives and Sealants (by Product Type, Sealants), Volume and Value Data
- 2.3.3.3 U.K. Additives Market for EV Adhesives and Sealants (by Function), Volume and Value Data
- 2.3.3.4 U.K. Additives Market for EV Adhesives and Sealants (by Sales Channel), Volume and Value Data
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Competitive Benchmarking
- 3.2 Market Share Analysis of Key Companies, 2022
- 3.3 Company Profiles
- 3.3.1 BASF SE
- 3.3.1.1 Company Overview
- 3.3.1.2 Role of BASF SE in the Additives Market for EV Adhesives and Sealants
- 3.3.1.2.1 Product Portfolio
- 3.3.1.2.2 Production Sites and R&D Analysis
- 3.3.1.2.2.1 Production Sites
- 3.3.1.2.2.2 R&D Analysis
- 3.3.1.3 Business Strategies
- 3.3.1.3.1 Market Developments
- 3.3.1.3.2 Partnerships, Collaborations, and Joint Ventures
- 3.3.1.4 Analyst View
- 3.3.2 Arkema S.A.
- 3.3.2.1 Company Overview
- 3.3.2.2 Role of Arkema S.A. in the Additives Market for EV Adhesives and Sealants
- 3.3.2.2.1 Product Portfolio
- 3.3.2.2.2 Production Sites and R&D Analysis
- 3.3.2.2.2.1 Production Sites
- 3.3.2.2.2.2 R&D Analysis
- 3.3.2.3 Business Strategies
- 3.3.2.3.1 Product Developments
- 3.3.2.4 Analyst View
- 3.3.3 Allnex GMBH
- 3.3.3.1 Company Overview
- 3.3.3.2 Role of Allnex GMBH in the Additives Market for EV Adhesives and Sealants
- 3.3.3.2.1 Product Portfolio
- 3.3.3.2.2 Production Sites
- 3.3.3.3 Business Strategies
- 3.3.3.3.1 Market Developments
- 3.3.3.4 Corporate Strategies
- 3.3.3.4.1 Mergers and Acquisitions
- 3.3.3.4.2 Partnerships, Collaborations, and Joint Ventures
- 3.3.3.5 Analyst View
- 3.3.4 BYK-Chemie GmbH
- 3.3.4.1 Company Overview
- 3.3.4.2 Role of BYK-Chemie GmbH in the Additives Market for EV Adhesives and Sealants
- 3.3.4.2.1 Product Portfolio
- 3.3.4.2.2 Production Sites
- 3.3.4.3 Business Strategies
- 3.3.4.3.1 Market Developments
- 3.3.4.4 Analyst View
- 3.3.5 Elementis plc
- 3.3.5.1 Company Overview
- 3.3.5.2 Role of Elementis plc in the Additives Market for EV Adhesives and Sealants
- 3.3.5.2.1 Product Portfolio
- 3.3.5.2.2 Production Sites and R&D Analysis
- 3.3.5.2.2.1 Production Sites
- 3.3.5.2.2.2 R&D Analysis
- 3.3.5.3 Business Strategies
- 3.3.5.3.1 Product Developments
- 3.3.5.3.2 Market Developments
- 3.3.5.4 Corporate Strategies
- 3.3.5.4.1 Partnerships, Collaborations, and Joint Ventures
- 3.3.5.5 Analyst View
- 3.3.6 Clariant International Ltd
- 3.3.6.1 Company Overview
- 3.3.6.2 Role of Clariant International Ltd in the Additives Market for EV Adhesives and Sealants
- 3.3.6.2.1 Product Portfolio
- 3.3.6.2.2 Production Sites and R&D Analysis
- 3.3.6.2.2.1 Production Sites
- 3.3.6.2.2.2 R&D Analysis
- 3.3.6.3 Business Strategies
- 3.3.6.3.1 Market Developments
- 3.3.6.4 Corporate Strategies
- 3.3.6.4.1 Partnerships, Collaborations, and Joint Ventures
- 3.3.6.5 Analyst View
- 3.3.7 Evonik Industries AG
- 3.3.7.1 Company Overview
- 3.3.7.2 Role of Evonik Industries AG in the Additives Market for EV Adhesives and Sealants
- 3.3.7.2.1 Product Portfolio
- 3.3.7.2.2 Production Sites and R&D Analysis
- 3.3.7.2.2.1 Production Sites
- 3.3.7.2.2.2 R&D Analysis
- 3.3.7.3 Corporate Strategies
- 3.3.7.3.1 Partnerships, Collaborations, and Joint Ventures
- 3.3.7.4 Analyst View
- 3.3.8 Solvay SA
- 3.3.8.1 Company Overview
- 3.3.8.2 Role of Solvay SA in the Additives Market for EV Adhesives and Sealants
- 3.3.8.2.1 Product Portfolio
- 3.3.8.2.2 Production Sites and R&D Analysis
- 3.3.8.2.2.1 Production Sites
- 3.3.8.2.2.2 R&D Analysis
- 3.3.8.3 Analyst View
- 3.4 Other Key Companies
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.2 Data Triangulation
- 4.3 Market Estimation and Forecast
- 4.3.1 Factors for Data Prediction and Modeling