Growth in the US pressure sensitive tapes market will total 5.3 percent annually through 2019 in value terms. Advances will be driven by a continued recovery in construction activity and expanding usage in industrial assembly and bonding due to inherent advantages over traditional fasteners.
This report segments the pressure sensitive tapes industry by Material, Product, and Market. Data is provided in million US dollars, with raw material demand presented in million pounds and total shipments and demand presented in million square meters.
Plastic film will remain the largest pressure sensitive tape material through 2019. The fastest growth is expected for foam-backed tapes, driven by an acceleration in construction activity.
Major pressure sensitive tape product types include:
•Strapping & Bundling
Carton sealing tape is the leading tape product type. The most rapid gains through 2019 are forecast for double-sided tape, fueled by the development of new applications and performance advantages.
The largest markets for pressure sensitive tapes include:
•Packaging & Shipping
•Building & Construction
•Consumer & Office
•Healthcare & Medical
Manufacturing was the leading outlet in 2014. The fastest gains through 2019 will occur in the building and construction market, supported by a recovery in residential construction and a rebound in nonresidential construction.
The US pressure sensitive tape industry encompasses both tape stock producers and converters that purchase tape stock for conversion into finished products, with the industry leaders generally engaged in both activities. Leading suppliers include Berry Plastics, Bridgestone, Intertape Polymer, Nitto Denko, Saint-Gobain, Scapa, Shurtape Technologies, Tesa tape, and 3M.