U.S.: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in the U.S.

After two years of growth, the U.S. market for prepared glues and other prepared adhesives decreased by -5.1% to $X in 2021. Over the period under review, consumption showed a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Prepared Glues And Other Prepared Adhesives in the U.S.

In value terms, production of prepared glues and other prepared adhesives fell to $X in 2021. In general, production recorded a pronounced descent. The pace of growth was the most pronounced in 2016 when the production volume increased by 15%. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from the U.S.

In 2021, after three years of decline, there was significant growth in shipments abroad of prepared glues and other prepared adhesives, when their volume increased by 8.9% to X tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Over the period under review, the exports of attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of prepared glues and other prepared adhesives soared to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from the United States, together accounting for 67% of total exports. These countries were followed by Brazil, Germany and Saudi Arabia, which together accounted for a further 7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +2.3%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and China ($X) appeared to be the largest markets for prepared glues and other prepared adhesives exported from the United States worldwide, together accounting for 57% of total exports. These countries were followed by Germany, Saudi Arabia and Brazil, which together accounted for a further 6.8%.

In terms of the main countries of destination, Germany, with a CAGR of +6.7%, saw 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 export price for prepared glues and other prepared adhesives amounted to $X per ton, with an increase of 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2016 an increase of 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into the U.S.

After three years of decline, purchases abroad of prepared glues and other prepared adhesives increased by 26% to X tons in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Over the period under review, imports of reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, imports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Germany (X tons) and China (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to the United States, with a combined 62% share of total imports. Mexico, the Netherlands, South Korea, Italy, Taiwan (Chinese), France, the UK and Japan lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +15.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives suppliers to the United States were Germany ($X), Canada ($X) and China ($X), with a combined 50% share of total imports. Mexico, South Korea, Japan, the Netherlands, Italy, the UK, Taiwan (Chinese) and France lagged somewhat behind, together accounting for a further 38%.

Mexico, with a CAGR of +20.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, picking up by 5.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 11%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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