In 2023, the import volume of adhesives based on rubber or plastic to the Philippines stood at 12.5 million kilograms. This value serves as a baseline for evaluating the forecasted data from 2024 onwards. Forecasted data suggests a steady year-on-year increase in the import volume: 3.2% in 2024, 4% in 2025, 3.8% in 2026, 3.5% in 2027, and 3.4% in 2028. The compound annual growth rate (CAGR) for the five-year period from 2024 to 2028 is approximately 3.6%.

Future trends to watch for include:

Potential growth in demand from the construction and automotive sectors, key consumers of rubber or plastic-based adhesives.
Shifts in trade regulations and tariffs that could impact import volumes.
Technological advancements or innovations in adhesives that could drive higher demand.
Changes in global supply chains, particularly with major adhesive producers.