U.S. Adhesive Market. Analysis And Forecast to 2030
Adhesive Market - Consumption Growth Amidst Environmental Restrictions for Manufacturers
Photo: © kenny001 / Bigstockphoto
Curbs on emissions are bringing about changes in the commodity pattern of the U.S. adhesives industry.
In 2015, U.S. adhesives consumption continued to grow; this positive trend started after the culmination of the global recession seven years ago. Against the 2014 figure, it has increased by X% in value terms (to $X billion) and by X%, when compared with the 2008 figure. The recovery seen in the consumer industries - construction and car manufacturing - is the driving factor behind this growth.
The U.S. adhesive market is loosely dependent on imports from abroad: from 2010-2015, the imports share in terms of consumption did not exceed X%. The imports structure was dominated by products from Canada (in value terms, Canada accounted for X% of the adhesives imported into the USA in 2015); Germany was in second place (X%), followed by Mexico (X%) and China (X%). Canada and Mexico are also amongst the largest importers of U.S. manufactured adhesives, due to their geographical proximity and the supportive trading conditions: in 2015, their share in U.S. exports amounted to X% and X%, respectively.
From 2010-2015, the exports share oscillated around the X% of the domestic adhesives output. The U.S. share in terms of global adhesives exports remained stable: this figure stood at X% in 2010 and at X% in 2015, second in the world after Germany; Germany's share did not fall below X% for the same period.
From 2007-2015, U.S. adhesives production escalated at an average annual rate of X%, reaching $X billion, based on last year's results. At the same time, the output commodity pattern showed signs of instability. According to IndexBox estimates, the share of natural based glues and adhesives in terms of U.S. production increased from X% to X% over the period from 2008-2014 (Figure X), while the share of synthetic resins and rubber adhesives contracted from X% to X% over the same period. These changes are a result of the actions of the regulatory authorities, restricting the use of products that produce toxic waste and exert a negative impact on the environment. In the future, this is set to result in the increased production of bioadhesives, which use natural raw materials in the production process (e.g. starch and natural rubber), instead of synthetic polymers (silicones, vinyl, acrylic). The transition from the production of traditional solvent-based adhesives to their water-based alternatives would also be another consequence of this.
IndexBox analysts maintain that the adhesive market is set to experience measured growth in the medium term. Enhanced demand from the car manufacturing and construction sectors, combined with increased employment levels and rising household incomes, not to mention the development of innovative technology, which will extend the potential scope of use for adhesives, will be the driving impulses for the sector's steady expansion.
Do you want to know more about the U.S. adhesive market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- adhesive market share
- adhesive prices
- adhesive industry
- adhesive sales
- adhesive market forecast
- adhesive price forecast
- key adhesive producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the adhesive market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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