The market size of silicone adhesives was estimated at USD 2.18 billion in 2017 and is projected to reach USD 2.95 billion by 2022, at a CAGR of 6.24% from 2017 to 2022
Summary
However, by 2022, medical is forecast to be the most dominant end-use industry, driven by the rising incidences of wound infections and the increasing awareness regarding the advanced technologies in the market.Government initiatives in the form of grants & funds and technological advancements in medical procedures are leading to new and innovative products being launched.The Asia Pacific silicone adhesives market is driven by the high economic growth and heavy investments in industries such as transportation, building & construction, and manufacturing.Extensive primary interviews have been conducted and information has been gathered from secondary research to determine and verify the market size of several segments and subsegments.The silicone adhesives market report covers segmentation by type (one-component and two-component), by end-use industry (transportation, building & construction, medical, electrical & electronics, and others), by technology (PSA and Non-PSA) and region (North America, Europe, Asia Pacific, Middle East & Africa, and South America).