The export of adhesives based on rubber or plastic from Singapore reached 17.657 million kilograms in 2023. Observing the yearly trend, from 2013 to 2023, the industry showed significant growth, with fluctuations in the year-on-year variations. The average annual growth rate (CAGR) over the last five years from 2019 to 2023 was 5.38%. A noteworthy increase was registered between 2014 and 2015 with a year-on-year growth of 78.34%, while 2020 saw a dip with a 12.15% decrease.

Moving into the forecasted period, from 2024 to 2028, the average annual increase (CAGR) is expected to slow to 3.32%, projecting a 17.74% growth over these five years.

Future trends to watch for include:

Technological advancements enhancing adhesive properties and applications.
Trade policies influencing export volumes.
Market demand for sustainable and eco-friendly products driving innovation.
Global economic conditions impacting industrial activities and exports in the region.