The US industrial rubber products market will rise 3.4% annually through 2019 to $24.4 billion. Demand will be driven by increases in durable goods manufacturing, where industrial rubber products are integral components in a multitude of products. Additional gains will be supported by rebounding nonresidential building construction expenditures and accelerating residential building construction spending, bolstering sales of associated rubber products.
This report provides data on the US industrial rubber products industry, segmented by Products and Markets. Data is provided in dollars. Raw material demand is also covered in pounds.
Mechanical rubber goods will remain the largest of these through 2019, accounting for 47% of the market. Fastest growth among the main product categories will be for rubber roofing, driven by rebounding nonresidential building construction spending.
Major industrial rubber product markets include:
Aerospace & Other Transportation Equipment
Other (e.g., appliances and office equipment)
Machinery was the leading outlet in 2014, accounting for 42% of demand. This market will also contribute the most growth to new demand through 2019, supported by ongoing production increases in machinery. The construction market is expected to post the fastest gains in demand through 2019, promoted by advances in nonresidential building construction expenditures.
The US industrial rubber products industry ranges from small independent distributors to large multinational corporations. With the exception of the largest firms, many producers target more focused markets, specialty niches, and product segments. with concentration levels varying by material. Suppliers include American Biltrite, American Roller, Berkshire Hathaway, Bridgestone, Carlisle, Calstar, Continental, Cooper-Standard, Eaton, Federal-Mogul, Fenner, Gates, Habasit, Henniges Automotive, Sumitomo Riko, Tenneco, Total, Trelleborg, Trico Products, and Veyance Technologies.