Table of Contents
Banding together: Revenue gains will be spurred by downstream market growth
Rubber Product Manufacturing in the US
Over the five years to 2017, industry revenue is expected to decline slightly. Growth occurred toward the beginning of the five-year period, when revitalized manufacturing activity sustained strong demand for automotive rubber components from downstream buyers.
However, weakening demand from other key markets, as well as sharp drops in the price of natural and synthetic rubber inputs, have constrained industry performance for the majority of the five-year period. Moving forward, import competition is expected to intensify over the next five years. Lower labor costs and a relatively less stringent regulatory environment in countries will weigh on industry operators. Furthermore, the dollar is expected to remain strong relative to other currencies, making imports more attractive for domestic buyers and US-made rubber products less competitive in global markets.
Consequently, the trade deficit for the industry is expected to continue widening. Despite these challenges, IBISWorld anticipates profit margins to improve.Operators in this industry manufacture a range of rubber products, including automotive parts, doormats, rubber bands and rubber gloves. Due to the diversity of goods, this industry sells to various downstream industries, including manufacturing, construction and healthcare 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.
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