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India Electric Vehicle Adhesive Market Size, Share & Trends Analysis Report By Application (Structural Application in EVs, Battery Application in EVs), By Resin Type (Epoxy, Polyurethane, Silicon Resins, Acrylic Resins, Others), By Form Type (Liquid, Films and Tapes, Paste), By Vehicle Type (Electric Cars, Electric Buses, Electric 2W (Bikes, Scooters, Mopeds), Electric 3W (Autos, Motor Tricycles, etc.), Electric Trucks), By Sales Channel (OEMs, Aftermarket) and Forecasts, 2025-2033

Report Code: SRAT56806DR
Last Updated : Jan 23, 2025
Author : Aritra Banerjee
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India Electric Vehicle Adhesive Market Size

The India electric vehicle (EV) adhesive market size was valued at USD 94.26 million in 2024 and is expected to grow from USD 120.50 million in 2025 to USD 1,370.80 million by 2033, at a CAGR of 35.5% during the forecast period (2025–2033). This growth can be attributed to the country's rapid adoption of electric vehicles, fueled by supportive government policies, advancements in EV battery technology, and growing environmental concerns. Additionally, the increasing presence of global adhesive manufacturers and local players has amplified market competition, further driving innovation in adhesive solutions tailored for EV applications.


Market Driver

Rapid Adoption of EVs Supported by Government Policies

The Indian government’s commitment to achieving a 30% EV penetration by 2030 under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) initiative is a significant driver for the EV adhesive market. Substantial incentives, such as subsidies for EV purchases and tax reductions on EV components, have created a favorable ecosystem for market growth. Moreover, the Production-Linked Incentive (PLI) scheme for advanced battery manufacturing and EV production ensures sustained investments in the sector.

  • According to the Society of Manufacturers of Electric Vehicles (SMEV), India witnessed a 155% year-over-year increase in EV sales in 2024. Adhesives play a critical role in enhancing EVs' structural integrity, thermal management, and lightweighting, making them indispensable in the manufacturing process.

Additionally, the push for energy efficiency and extended battery life has intensified the use of lightweight materials in EVs. Adhesives enable the seamless integration of such materials by replacing traditional mechanical fasteners, thereby reducing vehicle weight and improving performance. This trend is bolstered by collaborations with adhesive manufacturers to develop tailor-made solutions for the Indian market.

Market Restraint

High Initial Costs and Limited Infrastructure

The high initial cost of electric vehicles remains a significant restraint for the market, as it directly impacts the adoption rate of EVs in price-sensitive regions. Adhesives tailored for EV applications, such as polyurethane and epoxy-based solutions, often come at a premium price due to their advanced properties and the need for specialized manufacturing processes. Furthermore, the lack of comprehensive charging infrastructure poses a barrier to the widespread adoption of EVs, indirectly slowing down the growth of the adhesive market.

Additionally, according to a 2024 report by the International Energy Agency (IEA), India currently has only 2,500 operational public charging stations, which is insufficient to support the growing EV fleet. Smaller OEMs and local manufacturers face challenges in balancing cost constraints with the need for high-performance adhesives, leading to reliance on cheaper, less effective alternatives. This affects the quality of EV production and hinders the market’s overall growth potential.

Market Opportunity

Advancements in Thermal Management Solutions

The growing demand for thermal management adhesives presents a significant opportunity in the India EV adhesive market. As battery systems become more sophisticated and energy-dense, efficient heat dissipation and insulation are paramount. Adhesives with thermal conductive properties, such as silicone-based and epoxy-based solutions, are increasingly used to enhance battery safety and performance.

Furthermore, global players like Henkel and 3M actively invest in research and development to introduce advanced thermal management adhesives tailored to the Indian EV market. Additionally, local startups are emerging as key players by offering cost-effective solutions for domestic manufacturers. The rising focus on thermal management adhesives is expected to address critical issues such as battery overheating and improving overall vehicle efficiency and safety standards.

Study Period 2021-2033 CAGR 35.5%
Historical Period 2021-2023 Forecast Period 2025-2033
Base Year 2024 Base Year Market Size USD 94.26 million
Forecast Year 2033 Forecast Year Market Size USD 1370.80 million
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Regional Analysis

The market is characterized by significant growth in major cities, driven by manufacturing hubs, innovation centers, and increasing consumer demand for EVs.

Mumbai is a key hub for automotive manufacturing and R&D, with leading players like Tata Motors actively investing in EV production. The city’s strategic location and access to ports make it a focal point for adhesive imports and distribution.

Bangalore, known as the Silicon Valley of India, is a center for EV startups and technological innovation. Companies like Ather Energy are leveraging advanced adhesives to enhance the performance and safety of their electric scooters, contributing to regional market growth.

Chennai’s strong automotive ecosystem, home to players like Ashok Leyland, has positioned the city as a leader in EV manufacturing. Adhesive manufacturers are partnering with local OEMs to meet the rising demand for EV components.

The Delhi-NCR region is witnessing rapid adoption of electric cars, supported by government subsidies and an expanding charging network. Adhesives are critical in lightweighting and thermal management solutions for EVs in the region.

Pune’s thriving automotive industry and proximity to key suppliers significantly contribute to the EV adhesive market. Companies like Mahindra Electric drive demand for high-performance adhesives in EV assembly processes.

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Segmental Analysis

By Application

Battery Application dominates the application segment and is expected to grow at a CAGR of 38.0% over the forecast period. The segment’s growth is driven by the rising adoption of advanced adhesive solutions for battery pack assembly and cell-to-cell bonding. Adhesives ensure high structural integrity, thermal management, and vibration resistance, which are essential for enhancing battery lifespan and performance. Companies like Exide Industries are collaborating with adhesive manufacturers to develop tailor-made solutions for lithium-ion battery systems.

By Resin Type

Polyurethane adhesives hold the largest share in the resin type segment, growing at a CAGR of 37.1%. The superior bonding strength, flexibility, and resistance to environmental stress make polyurethane adhesives the preferred choice for various EV components, including battery packs and structural parts. Leading manufacturers like Sika India are expanding their product portfolios to include advanced polyurethane solutions for the EV market.

By Foam Type

Liquid adhesives dominate the foam type segment and are expected to grow at a CAGR of 35.3% over the forecast period. Liquid adhesives are widely used in EV manufacturing due to their excellent penetration capabilities, ensuring uniform distribution and strong bonding. These adhesives are particularly effective in sealing battery enclosures and enhancing thermal conductivity. Local manufacturers focus on developing eco-friendly liquid adhesives to meet growing sustainability demands.

By Vehicle Type

Electric Cars lead the vehicle type segment and are expected to grow at a CAGR of 34.1% during the forecast period. The increasing consumer preference for electric cars, supported by government incentives and a growing charging infrastructure, has significantly boosted the demand for adhesives in this segment. Tata Motors and MG Motor India lead the electric car market, incorporating innovative adhesive solutions to enhance vehicle performance and safety.

By Sales Channel

OEMs dominate the sales channel segment and are expected to grow at a CAGR of 35.3% over the forecast period. Original equipment manufacturers are the primary consumers of high-performance adhesives, as they play a crucial role in EV assembly and component integration. Global and local adhesive manufacturers are establishing strategic partnerships with OEMs to develop customized solutions, further driving market growth.

Market Size By Application

Market Size By Application
Structural Application in EVs Battery Application in EVs

List of key players in India Electric Vehicle Adhesive Market

  1. Henkel
  2. Sika AG
  3. H.B. Fuller
  4. 3M
  5. Lord Corporation
  6. Ashland
  7. Bostik
  8. Jowat SE
  9. Parker Hannifin Corp
  10. PPG Industries
  11. Permabond
  12. Wacker Chemie AG
India Electric Vehicle Adhesive Market Share of Key Players

Analyst’s Perspective

As per our analyst, the India electric vehicle adhesive market is poised for rapid expansion in the coming years. This growth is primarily driven by the government’s strong commitment to EV adoption, advancements in battery technology, and the increasing involvement of global adhesive manufacturers. The integration of lightweight materials and high-performance adhesives in EV production is expected to enhance vehicle efficiency and reduce costs significantly. Additionally, the rising focus on sustainability and thermal management solutions will drive innovation in adhesive formulations.

While challenges such as high costs and limited infrastructure persist, the market’s long-term potential remains robust. Strategic collaborations between adhesive manufacturers and OEMs, coupled with R&D investments, will play a critical role in shaping the future of the India electric vehicle adhesive market.


India Electric Vehicle Adhesive Market Segmentations

By Application (2021-2033)

  • Structural Application in EVs
  • Battery Application in EVs

By Resin Type (2021-2033)

  • Epoxy
  • Polyurethane
  • Silicon Resins
  • Acrylic Resins
  • Others

By Form Type (2021-2033)

  • Liquid
  • Films and Tapes
  • Paste

By Vehicle Type (2021-2033)

  • Electric Cars
  • Electric Buses
  • Electric 2W (Bikes, Scooters, Mopeds)
  • Electric 3W (Autos, Motor Tricycles, etc.)
  • Electric Trucks

By Sales Channel (2021-2033)

  • OEMs
  • Aftermarket

Frequently Asked Questions (FAQs)

How much was the market worth in 2024?
The India electric vehicle (EV) adhesive market size was valued at USD 94.26 million in 2024.
Polyurethane adhesives hold the largest share in the resin type segment, growing at a CAGR of 37.1%.
Rapid adoption of EVs supported by government policies driving the market.
The high initial cost of electric vehicles remains a significant restraint for the market, as it directly impacts the adoption rate of EVs in price-sensitive regions.


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