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. Over the five years to 2019, industry revenue is expected to increase. Steep drops in the price of natural and synthetic rubber inputs have constrained industry performance for the majority of the current period. Strong recovery in the price of rubber inputs and continued demand from downstream markets are expected to support revenue growth during the period, however, a steep drop in the price of rubber is expected to lead industry revenue to stagnate in 2019. Although industry revenue is expected to increase over the five years to 2024, growth is expected to be limited by external competition from substitute products made from plastics, rising import penetration and limited demand from key downstream markets. Lower labor costs and a relatively less stringent regulatory environment in countries such as China are expected to influence operators to expand their foreign operations.
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.