The Rubber, Plastics, and Other Non-Metallic Mineral Products Manufacturing Gross Value Added in the US is expected to show a steady increase from 2024 to 2028, with forecasts indicating a rise from 164.31 billion USD in 2024 to 169.72 billion USD in 2028. This represents an annual growth rate averaging approximately 0.82% when calculated as a CAGR for the period 2024 to 2028. The industry concluded 2023 slightly below the 2024 projection figures, suggesting a period of consistent but modest growth.
Future trends to monitor include:
- The impact of environmental regulations on production costs and processes.
- Technological advancements influencing manufacturing efficiencies.
- Fluctuations in global demand and supply chains driven by geopolitical factors.
