The high-performance adhesives market is projected to grow from $9.77 billion in 2017 to $13.17 billion by 2022, at a compound annual growth rate (CAGR) of 6.15% between 2017 and 2022. The growing demand for superior adhesives in critical and complex applications from end-use industries, such as transportation, medical and construction, is expected to fuel the growth of the high-performance adhesives market, while stringent regulations by regulatory bodies are expected to restrain the manufacturing of solvent-based high-performance adhesives globally.
The medical segment is expected to be the fastest-growing application segment of the high-performance adhesives market during the forecast 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 predicted to propel the growth of the high-performance adhesives market.
Top 5 News that Sticks for November 5-11
1. Fast Growth Expected for High-Performance Adhesives