The high-performance adhesives market is estimated at $9.77 billion in 2017 and is projected to reach $13.17 billion by 2022, at a compound annual growth rate (CAGR) of 6.15% from 2017 to 2022, according to a recent report from Research and Markets.
The medical segment is expected to be the fastest-growing application segment of the high-performance adhesives market during the forecasted period. The increasing aging population and advancements in medical device manufacturing is expected to continue to fuel the use of UV curable and cyanoacrylic high-performance adhesives in medical devices, including IV delivery systems, catheters, syringes, hearing aids, and silicone rubber components, among others. Such developments and advancements are expected to propel the growth of the high-performance adhesives market.
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