Rubber Product Manufacturing in the US
The Rubber Product Manufacturing industry offers a wide variety of rubber-based products, ranging from automotive components and roofing materials to shoe soles and office supplies. Steep drops in the price of natural and synthetic rubber inputs have constrained industry performance for the majority of the five-year period. Strong recovery in the price of rubber inputs and continued demand from downstream markets is expected to support revenue growth. Stagnation in revenue growth reflects a difficult operating environment for the industry, as operators experience significant long-term challenges in the form of foreign competitors that benefit from lower operating costs. As a result, the number of domestic rubber product manufacturers has declined over the past five years. Although industry revenue is expected to increase over the five years to 2023, growth will be limited by external competition from substitute products made from plastics, rising import penetration and limited demand from key downstream markets.
Operators in this industry manufacture a range of rubber products, including automotive parts, doormats, rubber foam and rubber tubing. Due to the variety of goods, this industry sells to various downstream industries, including manufacturing and construction companies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.