U.S. Adhesive Market. Analysis And Forecast to 2025
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U.S. Adhesive Market. Analysis And Forecast to 2025
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Article Publishing Date: Apr 12, 2022

U.S. Adhesive Exports Skyrocket to $2.7B

IndexBox has just published a new report: 'U.S. Adhesive Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.

The U.S. adhesive market rose markedly to $15.9B in 2021, picking up by 8.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and intermediaries' margins, which will be included in the final consumer price). Over the period under review, consumption posted resilient growth. The most prominent rate of growth was recorded in 2018 when the market value increased by 12% against the previous year. Adhesive consumption peaked in 2021 and is likely to continue growth in the immediate term.

U.S. Adhesive Production

In value terms, adhesive production rose remarkably to $16.7B in 2021. In general, production enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11% y-o-y. Adhesive production peaked in 2021 and is expected to retain growth in the immediate term.

U.S. Adhesive Exports

In 2021, shipments abroad of adhesives decreased by -0.4% to 539K tonnes for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 15% against the previous year. As a result, exports reached the peak of 596K tonnes. from 2015 to 2021, the growth exports remained at a lower figure.

In value terms, adhesive exports surged to $2.7B in 2021. Overall, exports, however, recorded measured growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (172K tonnes), Mexico (109K tonnes) and China (33K tonnes) were the main destinations of adhesive exports from the U.S., together comprising 58% of total volume. These countries were followed by Brazil, Panama, Vietnam, Germany, South Korea, Thailand and Costa Rica, which together accounted for a further 15%.

In value terms, Canada ($748M), Mexico ($621M) and China ($211M) appeared to be the largest markets for adhesive exported from the U.S. worldwide, together comprising 58% of total supplies. These countries were followed by Germany, Thailand, Vietnam, South Korea, Brazil, Costa Rica and Panama, which together accounted for a further 13%.

In 2007-2021, Vietnam recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average adhesive export price amounted to $5,040 per tonne, increasing by 20% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Germany ($7,477 per tonne), while the average price for exports to Panama ($1,249 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced more modest paces of growth.

U.S. Adhesive Imports

Adhesive imports into the U.S. skyrocketed to 327K tonnes in 2021, rising by 33% against 2020. In general, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, adhesive imports surged to $1.1B in 2021. Over the period under review, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (87K tonnes), Germany (70K tonnes) and Mexico (47K tonnes) were the main suppliers of adhesives imported to the U.S., together comprising 63% of total volume. China, the Netherlands, the UK, France, South Korea, Belgium, Estonia, Italy and Poland lagged somewhat behind, together comprising a further 27%.

In value terms, the largest adhesive suppliers to the U.S. were Germany ($263M), Canada ($220M) and Mexico ($107M), with a combined 54% share of total imports. China, South Korea, the UK, the Netherlands, France, Belgium, Italy, Estonia and Poland lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Poland recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average adhesive import price stood at $3,357 per tonne in 2021, dropping by -4% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($6,983 per tonne), while the price for Mexico ($2,259 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox 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 2025.


Product coverage:
• NAICS 325520 - Adhesive manufacturing
Companies mentioned:
• Saint-Gobain Corporation
• Lord Corporation
• H.B. Fuller Company
• Tremco Incorporated
• Morton Salt
• Rogers Corporation
• Mapei Corporation
• Fairmount Santrol Inc.
• Bostik
• Elmer's Products
• Dap Products Inc.
• Adhesives Research
• Sika Corporation
• Royal Adhesives and Sealants LLC
• Whitford Worldwide Company
• Stahl (usa) Inc.
• C.W. Matthews Contracting Co.
• Ips Corporation
• Custom Building Products
• Morgan Adhesives Company
• Adco Global
• Morton International
• PRC - Desoto International
• Sanford
• Indopco
• National Starch and Chemical Holding Corporation
• Berwind Consumer Products
• DSM Finance USA Inc.
• Covalence Specialty Adhesives
• Royal Holdings
• DSM Holding Company Usa
• Lj/Hah Holdings Corporation
• Rust-Oleum Corporation

Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2013–2021
Table 3:
Market Value, 2013–2021
Table 4:
Per Capita Consumption In 2013-2021
Table 5:
Imports, In Physical Terms, By Country, 2013–2021
Table 6:
Imports, In Value Terms, By Country, 2013–2021
Table 7:
Import Prices, By Country Of Origin, 2013–2021
Table 8:
Exports, In Physical Terms, By Country, 2013–2021
Table 9:
Exports, In Value Terms, By Country, 2013–2021
Table 10:
Export Prices, By Country Of Destination, 2013–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2021
Figure 2:
Market Value, 2013–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013-2021
Figure 5:
Trade Balance, In Physical Terms, 2013-2021
Figure 6:
Trade Balance, In Value Terms, 2013-2021
Figure 7:
Per Capita Consumption, 2013-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2021
Figure 21:
Production, In Value Terms, 2013–2021
Figure 22:
Imports, In Physical Terms, 2013–2021
Figure 23:
Imports, In Value Terms, 2013–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2013–2021
Figure 26:
Imports, In Value Terms, By Country, 2013–2021
Figure 27:
Import Prices, By Country Of Origin, 2013–2021
Figure 28:
Exports, In Physical Terms, 2013–2021
Figure 29:
Exports, In Value Terms, 2013–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2013–2021
Figure 32:
Exports, In Value Terms, By Country, 2013–2021
Figure 33:
Export Prices, By Country Of Destination, 2013–2021
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