Latest Report Update: Mar 14, 2023
U.S. Adhesive Market. Analysis And Forecast to 2030
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Article Publishing Date: Mar 14, 2023
U.S. Adhesive Prices Soar to $7,821 per Ton, a Marked Increase in 2022
U.S. Adhesive Export Price in December 2022
In December 2022, the adhesive price amounted to $7,821 per ton (FOB, US), rising by 7.8% against the previous month. Over the period from January 2022 to December 2022, it increased at an average monthly rate of +2.0%. The export price peaked at $7,851 per ton in October 2022; however, from November 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($15,651 per ton), while the average price for exports to the Dominican Republic ($2,852 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Adhesive Exports
In December 2022, approximately 29K tons of adhesives were exported from the United States; which is down by -13.1% against the previous month's figure. Overall, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in March 2022 when exports increased by 21% m-o-m. As a result, the exports reached the peak of 41K tons. From April 2022 to December 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, adhesive exports shrank to $228M (IndexBox estimates) in December 2022. Over the period under review, exports, however, showed a modest increase. The pace of growth appeared the most rapid in March 2022 with an increase of 19% against the previous month. The exports peaked at 277K tons in June 2022; however, from July 2022 to December 2022, the exports remained at a lower figure.
U.S. Adhesive Exports by Country
Canada (11K tons), Mexico (7K tons) and China (1K tons) were the main destinations of adhesive exports from the United States, together comprising 65% of total exports. The Dominican Republic, Costa Rica, Brazil and Panama lagged somewhat behind, together accounting for a further 8.8%.
From January 2022 to December 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +3.7%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for adhesive exported from the United States were Canada ($64M), Mexico ($50M) and China ($16M), with a combined 57% share of total exports. These countries were followed by Brazil, Costa Rica, the Dominican Republic and Panama, which together accounted for a further 4.7%.
Panama, with a CAGR of +6.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Factors Affecting Adhesive Prices
The adhesive industry in the United States has witnessed a surge in prices in 2022. Adhesives are used in a variety of industries, including construction, automotive, and packaging, among others. The following are some of the key reasons behind the rise in adhesive prices in the U.S.
Adhesives are made using various raw materials such as resins, solvents, and chemicals. The cost of these raw materials has been steadily increasing due to factors such as inflation, supply chain disruptions, and the impact of the pandemic on production and transportation.
The growing demand for adhesives in various industries, including construction and packaging, has also contributed to the rise in prices. The increased demand has put pressure on manufacturers to produce more, leading to higher production costs.
The adhesive industry is heavily regulated, and new environmental regulations have been introduced in recent years. These regulations require manufacturers to use more eco-friendly materials, which can be more expensive than traditional materials, leading to an increase in prices.
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.
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
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
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 PRODUCT
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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
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 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
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, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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