The import of adhesives based on rubber or plastic to the US is projected to increase steadily from 2024 to 2028. In 2023, the import value stood at $379 million. Over the forecast period, annual increases range from 2.99% to 2.53%, culminating in a five-year CAGR of approximately 2.79%. These numbers indicate a consistent upward trend in the demand for these adhesives in the US market.
Future trends to watch for:
- Technological advancements in adhesive formulations that may influence market dynamics.
- Shifts in industrial applications and consumer preferences impacting demand.
- Global economic factors and trade regulations affecting import practices.