Sustainability initiatives are becoming an expectation across all industries, especially construction. In fact, homebuilders report that, by 2020, more than 60% of their projects will incorporate green building materials.
Widening applications and increased construction activity are helping to drive demand.
May 2, 2016
U.S. demand for pressure-sensitive tapes is projected to increase 5.3% yearly to $9.3 billion in 2019. Growth will reportedly reflect continued economic expansion and the further development of innovative applications for specialty tapes, which tend to be higher performing, value-added products.
Comprehensive initiatives designed to preserve and improve the environment are included in virtually all manufacturers’ corporate communications. According to the Sheldon Group, 25% of major brand owners have implemented scorecards to rate suppliers and products on environmental impact, and 30-40% more are being developed.