Forecast: Production of Rubber and Plastics Products, and Other Non-metallic Mineral Products in the US

The production forecast for rubber, plastics, and other non-metallic mineral products in the US shows a steady upward trend from 2024 to 2028, increasing from $435.84 billion to $460.94 billion. This signifies a continuing expansion in this industrial sector.

The year-on-year growth rates hover around 1.5% to 1.6% each year. The compound annual growth rate (CAGR) for this five-year period is approximately 1.4%, indicating moderate but consistent growth.

Future trends to watch for include:

  • Technological advancements in manufacturing processes that could drive efficiency.
  • Increases in demand due to construction and automotive industries.
  • Potential regulatory changes affecting production and environmental compliance.

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