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U.S. Adhesive Market. Analysis And Forecast to 2030
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View PricingIn 2023, U.S. Exports of Glue Dips to $2.9B
U.S. Adhesive Exports
Adhesive exports from the United States dropped slightly to 411K tons in 2023, which is down by -3.3% compared with 2022. In general, exports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2021 when exports increased by 7.9% against the previous year. The exports peaked at 487K tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.
In value terms, adhesive exports dropped slightly to $2.9B (IndexBox estimates) in 2023. The total export value increased at an average annual rate of +2.4% from 2013 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The exports peaked at $3B in 2022, and then fell in the following year.
COUNTRY | Export Value of Adhesive in U.S. (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Canada | 680 | 693 | 664 | 656 | 663 | 702 | 705 | 649 | 753 | 893 | 870 |
Mexico | 432 | 463 | 485 | 513 | 553 | 559 | 537 | 497 | 623 | 681 | 750 |
China | 159 | 164 | 154 | 179 | 210 | 198 | 182 | 177 | 210 | 175 | 149 |
Germany | 45.3 | 52.5 | 110 | 69.0 | 95.8 | 82.1 | 71.0 | 71.9 | 78.7 | 85.9 | 97.2 |
Brazil | 72.7 | 70.0 | 61.7 | 54.6 | 58.3 | 60.6 | 52.5 | 44.7 | 53.1 | 74.2 | 66.7 |
United Kingdom | 36.7 | 38.7 | 35.2 | 39.9 | 38.1 | 45.9 | 46.0 | 39.5 | 50.5 | 55.5 | 62.5 |
South Korea | 56.1 | 59.5 | 57.7 | 51.6 | 54.5 | 63.6 | 52.9 | 48.4 | 56.3 | 62.6 | 58.1 |
Japan | 53.2 | 54.3 | 60.9 | 60.4 | 59.8 | 61.7 | 63.0 | 51.3 | 53.4 | 53.7 | 54.4 |
Others | 741 | 745 | 713 | 695 | 734 | 771 | 769 | 686 | 836 | 906 | 784 |
Total | 2,276 | 2,340 | 2,340 | 2,318 | 2,467 | 2,544 | 2,478 | 2,265 | 2,714 | 2,987 | 2,892 |
Exports by Country
Canada (167K tons), Mexico (108K tons) and Brazil (10K tons) were the main destinations of adhesive exports from the United States, with a combined 69% share of total exports.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +1.4%), while the other leaders experienced mixed trend patterns.
In value terms, Canada ($870M), Mexico ($750M) and China ($149M) appeared to be the largest markets for adhesive exported from the United States worldwide, together accounting for 61% of total exports. Germany, Brazil, the UK, South Korea and Japan lagged somewhat behind, together accounting for a further 12%.
In terms of the main countries of destination, Germany, with a CAGR of +7.9%, recorded 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 2023, the adhesive price stood at $7,035 per ton (FOB, US), stabilizing at the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2022 when the average export price increased by 15%. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($15,896 per ton), while the average price for exports to Panama ($1,771 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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