STATE OF THE ADHESIVES AND SEALANTS INDUSTRY: Pressure-Sensitive Tape Manufacturers Optimistic
Acknowledging that they will face raw material challenges, pressure-sensitive tape manufacturers look forward to the new year and expect their industry will be paced by the growth experienced in key tape markets and a continuing solid economy.
Pressure-sensitive adhesive tape manufacturers are optimistic for 2005. Acknowledging they will face raw material challenges, manufacturers look forward to the new year and expect their industry will be paced by the growth experienced in key tape markets and a continuing solid economy.
At the recent PSTC Annual Meeting, the companies representing the industry commented on their experiences. Manufacturers feel that in 2005 the strongest growth will occur in specialty tapes and advances in product material designs that are positioning tape as the preferred bonding and fastening system in many industries. The tape industry's 2005 growth will parallel the forecasted 2005 gross domestic product (GDP) growth of 3.4% (real non-inflationary growth). It is interesting to note that there is major international ownership interest in U.S. manufacturing as globalization of manufactured products continues to grow.