U.S.: Adhesive Market 2024

Adhesive Market Size in the U.S.

After two years of growth, the U.S. adhesive market decreased by less than X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then reduced modestly in the following year.

Adhesive Production in the U.S.

In value terms, adhesive production fell modestly to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Adhesive production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Adhesive Exports

Exports from the U.S.

In 2022, the amount of adhesives exported from the United States declined slightly to X tons, waning by X% compared with 2021 figures. Over the period under review, exports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, adhesive exports rose significantly to $X in 2022. The total export value increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of adhesive exports from the United States, together comprising X% of total exports. Brazil, Costa Rica, the Dominican Republic, Panama and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and China ($X) were the largest markets for adhesive exported from the United States worldwide, together comprising X% of total exports. Brazil, Saudi Arabia, Costa Rica, the Dominican Republic and Panama lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Costa Rica, with a CAGR of X%, 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

The average adhesive export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Imports

Imports into the U.S.

In 2022, approx. X tons of adhesives were imported into the United States; growing by X% against the year before. Over the period under review, total imports indicated a remarkable increase from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, adhesive imports skyrocketed to $X in 2022. In general, total imports indicated a resilient increase from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Mexico (X tons), Canada (X tons) and Germany (X tons) were the main suppliers of adhesive imports to the United States, together accounting for X% of total imports. China, the Netherlands, the UK, France, Switzerland, Estonia, South Korea, Italy and Belgium lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and Mexico ($X) constituted the largest adhesive suppliers to the United States, with a combined X% share of total imports. China, South Korea, the UK, France, Estonia, Italy, the Netherlands, Belgium and Switzerland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Estonia, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average adhesive import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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