Adhesive Tape Manufacturing

• "Over the five years to 2019, the industry has expanded as general levels of commerce and consumer spending have increased."
• Between 2014 and 2019, the market size increased at CAGR of 2.2% to reach $252.6 million in 2019.
• "Various adhesive tapes are used for packaging consumer goods; some are used for sealing boxes and packaging, while other tapes are used in the internal packaging of large items. When the retail sector expands, so does demand for adhesive tape produced by this industry. Demand from miscellaneous store retailers is expected to exhibit slowed growth in 2019, representing a potential threat to the industry. "
• Increased consumer spending has a positive effect on the industry. Consumer spending is expected to increase in 2019, representing a potential opportunity for the industry.
• The global adhesive tapes market is projected to increase from $54.5 billion in 2018 to $94.1 billion by 2027.

Adhesives & Sealants Market

• The market size of adhesives & sealants in the United States is expected to reach $14.1 billion by 2023.
• The market growth is "primarily driven by the rising demand in composite joints and increased design flexibility in various end-users like automotive, construction, etc."
• The United States adhesives &sealants market major players include 3M, Henkel AG & Co. KGaA, Huntsman International LLC, Sika AG, and H.B.Fuller Company.
• The global adhesives & sealants market size is expected increase at a CAGR of 5.6% to reach $82.4 billion by 2025.
• North America held the largest market share of 30% in the year 2018.
• Assuming that the US market is growing at the same CAGR (5.6%), 2019 market size could be calculated as follows:
• CAGR = ((ending value/starting value)^(1/number of years)) - 1
• (ending value/starting value)^(1/number of years) = CAGR + 1
• (ending value/starting value) = (CAGR + 1)^(number of years)
• Strating value = (ending value)/ ((CAGR + 1)^(number of years))
• 2019 market = (14.1) / (0.056+1)^4 = 11.339.
• The market size of adhesives & sealants in the United States is $11.339 billion in 2019.