Dublin, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The "Adhesive Tape Manufacturing in the US - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.
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's key players and their market shares.
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.
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.
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.
Key Topics Covered:
ABOUT THIS INDUSTRY
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
PRODUCTS & MARKETS
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
COMPETITIVE LANDSCAPE
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
MAJOR COMPANIES
- Tesa Tape Inc.
- Avery Dennison Corporation
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
KEY STATISTICS
- Industry Data
- Annual Change
- Key Ratios
JARGON & GLOSSARY
For more information about this report visit https://www.researchandmarkets.com/r/ci87d2
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
