Companies Mentioned in the Report: Saint-Gobain Corporation, Lord Corporation, HB 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., CW 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
NEW YORK, April 13, 2022 (GLOBE NEWSWIRE) – IndexBox has just published a new report: ‘US – Adhesive – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
US Adhesive Market Statistics
|Imports||$ 1,097.8 Million USD|
|Exports||$ 2,714.6 Million USD|
|Top Foreign Suppliers||Germany, Canada, Mexico|
|Top Export Destinations||Canada, Mexico, China|
The US adhesive market rose markedly to $ 15.9B in 2021, picking up by 8.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and intermediaries’ margins, which will be included in the final consumer price). Over the period under review, consumption posted resilient growth. The most prominent growth rate was recorded in 2018 when the market value increased by 12% against the previous year. Adhesive consumption peaked in 2021 and is likely to continue growth in the immediate term. REQUEST FREE DATA
US Adhesive Production
In value terms, adhesive production rose remarkably to $ 16.7B in 2021. In general, production enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11% yoy. Adhesive production peaked in 2021 and is expected to retain growth in the immediate term. REQUEST FREE DATA
US Adhesive Exports
In 2021, shipments abroad of adhesives decreased by -0.4% to 539K tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 15% against the previous year. As a result, exports reached the peak of 596K tons. from 2015 to 2021, the growth exports remained at a lower figure. REQUEST FREE DATA
In value terms, adhesive exports surged to $ 2.7B in 2021. Overall, exports, however, recorded measured growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
Canada (172K tonnes), Mexico (109K tonnes) and China (33K tonnes) were the main destinations of adhesive exports from the US, together comprising 58% of total volume. These countries were followed by Brazil, Panama, Vietnam, Germany, South Korea, Thailand and Costa Rica, which together accounted for a further 15%.
In value terms, Canada ($ 748M), Mexico ($ 621M) and China ($ 211M) appeared to be the largest markets for adhesive exported from the US worldwide, together comprising 58% of total supplies. These countries were followed by Germany, Thailand, Vietnam, South Korea, Brazil, Costa Rica and Panama, which together accounted for a further 13%.
In 2007-2021, Vietnam recorded the highest growth rate of the value of exports, over the period under review, while shipments for other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average adhesive export price amounted to $ 5,040 per tonne, increasing by 20% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Germany ($ 7,477 per tonne), while the average price for exports to Panama ($ 1,249 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while prices for other major destinations experienced more modest paces of growth.
US Adhesive Imports
Adhesive imports into the US skyrocketed to 327K tons in 2021, rising by 33% against 2020. In general, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, adhesive imports surged to $ 1.1B in 2021. Over the period under review, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
Canada (87K tonnes), Germany (70K tonnes) and Mexico (47K tonnes) were the main suppliers of adhesives imported to the US, together comprising 63% of total volume. China, the Netherlands, the UK, France, South Korea, Belgium, Estonia, Italy and Poland lagged somewhat behind, together comprising a further 27%.
In value terms, the largest adhesive suppliers to the US were Germany ($ 263M), Canada ($ 220M) and Mexico ($ 107M), with a combined 54% share of total imports. China, South Korea, the UK, the Netherlands, France, Belgium, Italy, Estonia and Poland lagged somewhat behind, together accounting for a further 31%.
In terms of the main suppliers, Poland recorded the highest growth rates with respect to the value of imports, over the period under review, while purchases for other leaders experienced more modest paces of growth.
Import Prices by Country
The average adhesive import price stood at $ 3,357 per tonne in 2021, dropping by -4% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($ 6,983 per ton), while the price for Mexico ($ 2,259 per ton) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attacked by Belgium, while the prices for other major suppliers experienced more modest paces of growth.
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