United States industrial rubber market is expected to grow at a steady rate during the forecast period. The United States industrial rubber market is driven by the growing demand from various end user industries such as building & construction, electrical & electronics, healthcare, among others. Additionally, 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 is expected to create lucrative opportunities for growth. However, environmental hazards related to manufacturing of rubber can hamper the market growth over the next few years. Besides, the sudden outbreak of pandemic COVID-19 has led to the fall in oil prices below zero and the automotive industry is also massively hit by it thereby negatively impacting the growth of 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 belt, rubber hose and rubber. The mechanical rubber goods segment is expected to dominate the market owing to the increasing demand for durable rubber products from machinery & equipment sector especially, hose & belts distributors and suppliers. Based on 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 light weight vehicles, fuel efficiency and eco-friendly components.
The major players operating in the United States 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.
Objective of the Study
- To analyze and estimate the market size of United
States industrial rubber market from 2018 to 2021.
- To estimate and forecast the market size of United
States industrial rubber market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast United States industrial
rubber market based on type, product, end user industry, company and
regional distribution.
- To identify dominant region or segment in the United
States industrial rubber market.
- To identify drivers and challenges for United
States industrial rubber market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in United
States industrial rubber market.
- To conduct pricing analysis in the United
States industrial rubber market.
- To identify and analyze the profile of leading
players operating in United States industrial rubber market.
- To identify key sustainable strategies adopted
by market players in United States industrial rubber market.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- Industrial rubber manufacturers/
suppliers/ distributors
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to industrial rubber
The study is useful 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.
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Attribute
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Details
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Base Year
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2022
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Historical Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Units and CAGR for 2018-2022
and 2023E-2028F
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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Type
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Product
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End User Industry
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Regional scope
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North-East; Mid-West; South; West
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Key companies profiled
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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.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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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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