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.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of United States industrial rubber market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through 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 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
|
Details
|
|
Base Year
|
2022
|
|
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
|
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
·
Product
·
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.
|
|
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
|
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)
|
Report Scope:
In this report, United States industrial
rubber market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- United States Industrial Rubber Market, By Type:
- Natural
- Synthetic
- NR
- SBR
- PBR
- Butyl Rubber
- Neoprene
- EPDM
- United States Industrial Rubber Market, By Product:
- Mechanical Rubber Goods
- Rubber Belt
- Rubber Hose
- Rubber
- United States Industrial Rubber Market, By End
User Industry:
- Automotive
- Engineering & Manufacturing
- Healthcare
- Electrical & Electronics
- Construction
- Others
- United States Industrial Rubber Market, By Region:
- North-East
- Mid-West
- South
- West
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in United States industrial rubber market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
United States industrial rubber
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]