As the world continues to shift towards a greener future, electric vehicles (EVs) have gained immense popularity for their eco-friendliness and energy efficiency. One crucial component that makes EVs tick is the battery pack.

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The global structural adhesives and sealants market for EV batteries is expected to reach $305.5 million by 2031 from $53.1 million in 2021, growing with a CAGR of 18.5% during the forecast period 2022-2031.

According to studies, the structural adhesives and sealants market for EV batteries is driven by several factors such as proliferating adoption of electric vehicles, rising need for lightweight vehicles, rising emphasis on increasing crashworthiness of electric vehicles, as well as improving the thermal management and impact resistance of battery packs.