Adhesives market in the United States

Earlier Report Observations

The U.S. adhesives market volume declined from 2.6 million tons in 2018 to 2.4 million tons in 2020, while its value fell from $14.2 billion to $12.9 billion over the same two-year period.

A sharp reversal began in 2021, with market volume rising by 12% to 2.7 million tons and value surging by 23% to $15.9 billion. This growth continued into 2022, with volume reaching 2.8 million tons and value climbing to $18.7 billion, demonstrating that the market's recovery in monetary terms was more pronounced than its physical expansion.

Production adhesives in the United States

In kind, 2017-2020, K t

Adhesives production in the United States declined for the second consecutive year. In 2020, production reached 2,547 thousand tons, marking a 4.1% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 6.7%, which translates to an annualized decline rate of 2.3%. The highest production level was recorded in 2018 at 2,797 thousand tons, with the largest annual increase of 2.4% occurring that same year. Conversely, the most significant drop was observed in 2019, when production decreased by 5.1%.

Annual dynamics of production in the United States in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The value of adhesives production in the United States declined for the second consecutive year. In 2020, output was valued at $14,072 million, representing a 7.6% decrease compared to the previous year. From 2017 to 2020, production value fell by 4.9%, equating to an annualized decline of 1.7%. The peak value was recorded in 2018 at $15,707 million, which also saw the largest annual increase of 6.1%.

Annual dynamics of production in the United States in value, 2017-2020, M $ US

Exports adhesives from the United States

Exports in kind, K t

Adhesives exports from the United States declined for the third consecutive year. In 2020, the United States exported 410.3 thousand tons of adhesives, down 5.3% from 2019. Between 2017 and 2020, exports decreased by 10.4%, resulting in an annualized decline rate of 3.6%.

Annual dynamics of product's exports from the United States in kind, 2017-2020, K t

From 2017 to 2020, Canada, Mexico, and China were the primary buyers of adhesives from the United States, accounting for 36.3%, 22.6%, and 4.2% of exports in kind, respectively. Together, these three countries represented 63.1% of total U.S. adhesives exports by volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from the United States in kind, 2017-2020

Exports in value, M $ US

The value of adhesives exports from the United States declined for the second consecutive year. In 2020, exports totaled $2,267 million, reflecting an 8.7% decrease compared to the previous year. Over the 2017-2020 period, export value fell by 8.6%, with a compound annual growth rate (CAGR) of -3.0%. The highest value was recorded in 2018 at $2,554 million, which also experienced the largest annual increase of 3.0%.

Annual dynamics of product's exports from the United States in value, 2017-2020, M $ US

From 2017 to 2020, Canada, Mexico, and China were the three principal markets for U.S. adhesives exports in value terms, collectively accounting for 57.7% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from the United States in value, 2017-2020

Imports adhesives to the United States

Imports in kind, K t

After a two-year rise, adhesives imports into the United States declined. In 2020, import volume reached 263.3 thousand tons, showing a modest decrease of 5.0% compared to 2019. Over the 2017-2020 period, imports decreased by 3.2%, with a CAGR of -1.1%. The highest import volume was recorded in 2019 at 277.3 thousand tons, which also saw the largest annual increase of 1.5%.

Annual dynamics of product's imports to the United States in kind, 2017-2020, K t

From 2017 to 2020, Canada, Mexico, and Germany were the main sources of adhesives imports into the United States, accounting for 24.8%, 19.8%, and 16.4% of imports in kind, respectively. Together, these three countries represented 61.0% of total U.S. adhesives imports by volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to the United States in kind, 2017-2020

Imports in value, M $ US

After a two-year gain, the value of adhesives imports into the United States declined. In 2020, imports totaled $1,059 million, corresponding to a slight decline of 2.4% compared to the previous year. The peak value was recorded in 2019 at $1,085 million, which also experienced the largest annual increase of 3.7%.

Annual dynamics of product's imports to the United States in value, 2017-2020, M $ US

From 2017 to 2020, there was no single dominant market for adhesives imports into the United States in value terms. Germany, Canada, and China accounted for 20.5%, 19.4%, and 9.6% of import value, respectively, totaling 49.5%. Many smaller partners each held modest individual shares, contributing to a more diversified import structure.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to the United States in value, 2017-2020