U.S. Adhesive Market - Consumption Growth Remain Resilient, Driven by Strong Construction and Industrial Sectors

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 revenue of the adhesive market in the U.S. amounted to $X in 2018, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2014, with an increase of X% y-o-y. Adhesive consumption peaked in 2018, and is expected to retain its growth in the immediate term.

Adhesive Production in the U.S.

In value terms, adhesive production amounted to $X in 2018. The total output value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2014, with an increase of X% against the previous year. Adhesive production peaked in 2018, and is likely to see steady growth in the immediate term.

Exports from the U.S.

In 2018, exports of adhesives from the U.S. totaled X tons, jumping by X% against the previous year. Overall, adhesive exports, however, continue to indicate a slight setback. In value terms, adhesive exports totaled $X (IndexBox estimates) in 2018.

Exports by Country

China (X tons), Panama (X tons) and Brazil (X tons) were the main destinations of adhesive exports from the U.S., together comprising X% of total exports. These countries were followed by the United Arab Emirates, Saudi Arabia, South Korea, Australia, the Dominican Republic, Chile, Colombia, Nigeria and China, Hong Kong SAR, which together accounted for a further X%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for adhesive exports from the U.S., comprising X% of total adhesive exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

Export Prices by Country

The average adhesive export price stood at $X per ton in 2018, approximately equating the previous year. Over the last five year period, it increased at an average annual rate of +X%. There were significant differences in the average export prices for the major foreign markets. In 2018, the country with the highest export price was China ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to the Dominican Republic, while the export prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the amount of adhesives imported into the U.S. totaled X tons, declining by -X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. In value terms, adhesive imports stood at $X (IndexBox estimates) in 2018. Over the period under review, adhesive imports, however, continue to indicate a measured decrease. The pace of growth appeared the most rapid in 2014, when imports increased by X% y-o-y. In that year, adhesive imports reached their peak of $X. From 2015 to 2018, the growth of adhesive imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of adhesive imports to the U.S., with a combined X% share of total imports. Belgium, Estonia, Italy, South Korea, the Netherlands, Turkey, Switzerland, France and Poland lagged somewhat behind, together comprising a further X%.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Poland (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest adhesive suppliers to the U.S. were China ($X), Germany ($X) and the UK ($X), together accounting for X% of total imports. South Korea, Belgium, Estonia, Italy, France, Switzerland, the Netherlands, Poland and Turkey lagged somewhat behind, together accounting for a further X%.

Import Prices by Country

In 2018, the average adhesive import price amounted to $X per ton, picking up by X% against the previous year. In general, the adhesive import price, however, continues to indicate a deep slump. There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by South Korea, while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

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

Source: IndexBox Market Intelligence Platform