US Demand for Industrial Rubber Products is expected to grow 3.4% per annum to $24.4 billion by 2019 adds “Industrial Rubber Products to 2019”to its store.

US demand to grow 3.4% per annum through 2019

US demand for industrial rubber products is expected to rise 3.4 percent per annum to $24.4 billion in 2019. Gains will be fueled by greater production of machinery and healthy growth in nonresidential construction spending. A modest bump in motor vehicle production through 2019 will also provide industrial rubber producers with new sales opportunities, though this market will slow considerably from the recovery-driven 2009-2014 period. However, competition from suppliers in low-cost countries will continue to restrict price increases for most industrial rubber products, limiting value gains to some degree. Furthermore, these goods will continue to face competition from less expensive plastic products in a number of applications.

Construction to be fastest growing market

The construction market for industrial rubber products market is expected to post the strongest gains through 2019, bolstered by a robust recovery in nonresidential building activity and an acceleration in residential construction growth. Machinery will remain the largest market for industrial rubber products in 2019, recording the largest sales advances in dollar terms, supported by ongoing production increases for both industrial machinery and off-road equipment.

Motor vehicle market to return to normal conditions

Gains in both the motor vehicle and the aerospace and other transportation equipment markets will be somewhat restrained, dampened by slowing real output growth. However, increases in the number of motor vehicles and other transportation equipment in use will bolster demand for replacement industrial rubber products in these markets. It is also important to note that the motor vehicle market for industrial rubber products posted robust advances during the 2009-2014 period. A deceleration in growth through 2019 represents a return to normal sales conditions, not necessarily a cause for concern among suppliers to this market.

Construction products to be fastest growing segment

Bolstered by strong gains in construction activity, sales of rubber roofing and other construction-related products (such as rubber flooring, wall coverings, and geomembranes) are forecast to post the healthiest growth of any major market category through 2019. Some suppliers of construction-related products have boosted their output capacity because of solid market conditions. For instance, in April 2015 Johns Manville (a Berkshire Hathaway company) completed an expansion at its Scottsboro, Alabama rubber roofing plant that increased the facility’s capacity by 20 percent.

Mechanical goods to remain largest product type

Mechanical goods will continue to account for the largest share of total demand in 2019, although sales gains in this industrial rubber product category will not be as formidable as those forecast for other segments. Nearly half of all mechanical rubber goods are utilized in motor vehicle applications, where modest output advances will restrain growth to some degree. Sales of both hose and belts will outpace mechanical goods through 2019, supported by the wide variety of uses for these products. Suppliers of hose and belts will benefit from greater output of durable goods in which they are used, particularly machinery.

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Additional Information

This study analyzes the US market for industrial rubber products. Specific products covered include mechanical rubber goods (e.g., vibration control components, body seals, and wiper blades), hose (e.g., vehicular, fluid power, water, air, and other industrial), belts (e. g., flat and nonflat), roofing membranes, and other products (e.g., flooring, roll coverings, sheet, film, and geomembranes).

Excluded from the scope of the study are tires and tire products (e.g., inner tubes and tread rubber), wire and cable jacke ting, gaskets and most seals (with the exception of body seals used on vehicles) , druggist and medical rubber sundries (e.g., gloves and prophylactics), medical rubber tubing, coated fabrics and rubber clothing, balloons, toys, life r afts and boats, and rubber bands. The term “rubber” as used in this study includes products made from both thermo set (i.e., natural or synthetic rubber) and thermoplastic elastomers, including blends thereof. Major markets for industrial rubber products include machinery, motor vehicles, construction, and aero space and other transportation equipment. Demand data are also presented for elastomers used in the production of industrial rubber products.

Table of Contents

Introduction X

I. Executive Summary

II. Market Environment
Macroeconomic Overview
Manufacturing Sector Overview
Market Volatility 
Motor Vehicle Outlook 
Nonresidential Fixed Investment Outlook 
Construction Sector Overview 
Environmental & Regulatory Issues 
Regulatory Agencies & Legislation 
Rubber Recycling 
Pricing Patterns 
International Environment 
World Supply & Demand 
US Foreign Trade 

III. Raw Materials 
Thermoset Rubber 
Styrene Butadiene
Other Thermoset Rubbers
Thermoplastic Elastomers
Competitive Materials