Adhesive Tape Manufacturing in the US - Industry Market Research Report

Adhesive Tape Manufacturing in the US - Industry Market Research Report

Adhesive Tape Manufacturing in the US

Adhesive Tape Manufacturers produce various adhesive tapes for use across many industries, including office tape, rubber electrical tape, box-sealing tape and reflective road marking tape. Demand for adhesive tape products relies heavily on the health of downstream industries, including construction in manufacturing. The recent slowdown in demand for construction, mainly driven by weak commercial real estate performance, elevated inflation and high interest rates, has caused demand for tape products to shrink. Similarly, some of these factors have led to weaker disposable income, lowering discretionary spending and causing demand from the manufacturing sector to slow down. Although tape producers benefited from a spike in demand in 2021, unfavorable economic conditions caused revenue to continue declining. These trends are estimated to cause revenue to shrink at a CAGR of 0.5% to $248.6 million over the five years to 2023, including a 1.4% dip in 2023 alone.

This industry manufactures a range of tapes, including gummed sealing tape, paper base and reinforced adhesive tapes, among other related products. Additional products manufactured by the industry include a variety of pressure-sensitive products and adhesives.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.