The United States industrial rubber market is expected to grow at a steady rate during the forecast period. The USA industrial rubber market is driven by the growing demand from various end-user industries such as building & construction, electrical & electronics, and healthcare, among others. Additionally, the booming automotive industry is further expected to propel the market growth through 2028 on the back of increased adoption of electric vehicles and autonomous vehicles. Furthermore, ongoing technological developments and new product launches by various major players operating in the market are expected to create lucrative opportunities for growth. However, environmental hazards related to the manufacturing of rubber can hamper the market growth over the next few years. Besides, the sudden outbreak of the pandemic COVID-19 has led to a fall in oil prices below zero, and the automotive industry is also massively hit by it thereby negatively impacting the growth of the industrial rubber market in the United States.
The United States industrial rubber market is segmented based on type, product, end-user industry, company, and region. Based on product, the market can be fragmented into mechanical rubber goods, rubber belts, rubber hoses, and rubber. The mechanical rubber goods segment is expected to dominate the market owing to the increasing demand for durable rubber products from the machinery & equipment sector especially, hose & belts distributors and suppliers. Based on the end-user industry, the market can be categorized into automotive, engineering & manufacturing, healthcare, electrical & electronics, construction, and others. The automotive industry is expected to dominate the market on account of the growing demand for lightweight vehicles, fuel efficiency, and eco-friendly components.
The major players operating in the USA industrial rubber market are The Goodyear Tire & Rubber Company, American Synthetic Rubber Company, Lanxess AG, Kumho Petrochemical, TSRC Corporation, JSR Corporation, Lion Copolymer, Kent Elastomer Products, Inc, Kraton Corporation, Firestone Natural Rubber Co. and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
The Objective of the Study:
- To analyze and estimate the market size of the United States industrial rubber market from 2018 to 2021.
- To estimate and forecast the market size of the USA industrial rubber market from 2022 to 2028 and the growth rate until 2028.
- To classify and forecast the United States industrial rubber market based on type, product, end-user industry, company, and regional distribution.
- To identify the dominant region or segment in the USA industrial rubber market.
- To identify drivers and challenges for the United States industrial rubber market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the United States industrial rubber market.
- To conduct pricing analysis in the USA industrial rubber market.
- To identify and analyze the profile of leading players operating in the United States industrial rubber market.
- To identify key sustainable strategies adopted by market players in the USA industrial rubber market.
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TechSci Research calculated the market size of the USA industrial rubber market using a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
- Industrial rubber manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to industrial rubber
The study is helpful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
|Historical Data||2018 – 2021|
|Forecast Period||2024 – 2028|
|Quantitative Units||Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F|
|Report coverage||Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends|
|Segments covered||· Type· Product· End User Industry|
|Regional scope||North-East; Mid-West; South; West|
|Key companies profiled||The Goodyear Tire & Rubber Company, American Synthetic Rubber Company, Lanxess AG, Kumho Petrochemical, TSRC Corporation, JSR Corporation, Lion Copolymer, Kent Elastomer Products, Inc, Kraton Corporation, Firestone Natural Rubber Co.|
|Customization scope||10% free report customization with purchase. Addition or alteration to country, regional & segment scope.|
|Pricing and purchase options||Avail customized purchase options to meet your exact research needs. Explore purchase options|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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In this report, the USA industrial rubber market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- United States Industrial Rubber Market, By Type:
- Butyl Rubber
- United States Industrial Rubber Market, By Product:
- Mechanical Rubber Goods
- Rubber Belt
- Rubber Hose
- USA Industrial Rubber Market, By End User Industry:
- Engineering & Manufacturing
- Electrical & Electronics
- United States Industrial Rubber Market, By Region:
Company Profiles: Detailed analysis of the major companies present in the USA industrial rubber market.