U.S. Adhesive Market. Analysis And Forecast to 2030
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View PricingAdhesive Price in the United States - 2023
Contents:
- Adhesive Price in the United States (FOB) - 2023
- Adhesive Price in the United States (CIF) - 2023
- Adhesive Exports in the United States
- Adhesive Imports in the United States
Adhesive Price in the United States (FOB) - 2023
The average adhesive export price stood at $6,518 per ton in August 2023, with a decrease of -6.5% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 8.1% against the previous month. Over the period under review, the average export prices hit record highs at $7,841 per ton in October 2022; however, from November 2022 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($14,476 per ton), while the average price for exports to Panama ($1,230 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-0.4%), while the prices for the other major destinations experienced a decline.
Adhesive Price in the United States (CIF) - 2023
In August 2023, the average adhesive import price amounted to $3,579 per ton, growing by 5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 13% against the previous month. The import price peaked at $4,162 per ton in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($8,550 per ton), while the price for Mexico ($1,450 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Adhesive Exports in the United States
In 2022, the amount of adhesives exported from the United States shrank to 424K tons, which is down by -4.4% compared with 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 7.9% against the previous year. As a result, the exports reached the peak of 444K tons, and then fell modestly in the following year.
In value terms, adhesive exports totaled $3B in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Adhesive in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 705 | 649 | 753 | 893 | 8.2% |
| Mexico | 537 | 497 | 623 | 681 | 8.2% |
| China | 182 | 177 | 210 | 175 | -1.3% |
| Brazil | 52.5 | 44.7 | 53.1 | 74.2 | 12.2% |
| Costa Rica | 15.8 | 15.4 | 23.0 | 26.8 | 19.3% |
| Dominican Republic | 20.1 | 17.9 | 19.5 | 24.0 | 6.1% |
| Panama | 20.0 | 11.6 | 17.0 | 13.9 | -11.4% |
| Others | 946 | 853 | 1,016 | 1,099 | 5.1% |
| Total | 2,478 | 2,265 | 2,714 | 2,987 | 6.4% |
Top Export Markets for Adhesive from the United States in 2022:
- Canada (167.2K tons)
- Mexico (100.4K tons)
- China (12.6K tons)
- Brazil (11.0K tons)
- Costa Rica (7.4K tons)
- Dominican Republic (6.6K tons)
- Panama (6.0K tons)
Adhesive Imports in the United States
In 2022, approx. 343K tons of adhesives were imported into the United States; growing by 11% compared with the previous year. The total import volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, adhesive imports surged to $1.3B in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Adhesive in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 223 | 220 | 263 | 282 | 8.1% |
| Canada | 213 | 187 | 220 | 266 | 7.7% |
| Mexico | 61.9 | 61.0 | 107 | 128 | 27.4% |
| China | 80.6 | 72.5 | 80.7 | 124 | 15.4% |
| South Korea | 40.0 | 38.9 | 48.6 | 68.7 | 19.8% |
| United Kingdom | 38.8 | 35.3 | 48.6 | 52.3 | 10.5% |
| France | 29.5 | 32.2 | 36.0 | 43.4 | 13.7% |
| Estonia | 10.1 | 12.1 | 25.2 | 38.4 | 56.1% |
| Italy | 27.5 | 23.0 | 31.4 | 37.4 | 10.8% |
| Netherlands | 31.5 | 32.1 | 39.3 | 35.9 | 4.5% |
| Belgium | 26.8 | 20.7 | 27.1 | 29.6 | 3.4% |
| Switzerland | 15.2 | 15.2 | 20.3 | 20.9 | 11.2% |
| Others | 116 | 113 | 158 | 186 | 17.0% |
| Total | 915 | 863 | 1,104 | 1,313 | 12.8% |
Top Suppliers of Adhesive to the United States in 2022:
- Mexico (102.0K tons)
- Canada (65.5K tons)
- Germany (65.4K tons)
- China (26.2K tons)
- Netherlands (8.7K tons)
- United Kingdom (8.4K tons)
- France (7.3K tons)
- Switzerland (6.4K tons)
- Estonia (6.3K tons)
- South Korea (6.1K tons)
- Italy (5.8K tons)
- Belgium (5.4K tons)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Adhesive exports reached a peak of 487K tons in 2014, but from 2015 to 2023, they stayed at a lower level. In terms of value, adhesive exports slightly decreased to $2.9B in 2023.
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Adhesive exports experienced a decline in growth from April 2023 to November 2023, resulting in a decrease in value to $240M by November 2023.
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In May 2023, the price of Adhesive reached $7,297 per ton (FOB, US), which was approximately the same as the previous month.
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