Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • ITEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
August 06, 2015 02:00 AM

Industrial rubber product demand to hit $24 billion in 2019

Rubber & Plastics News Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    CLEVELAND—Demand for industrial rubber products in the U.S. is forecast to expand 3.4 percent per year to $24.4 billion in 2019 according to a new study from Freedonia Group Inc., an industry research firm based in Cleveland.

    The study, Industrial Rubber Products, was published in July and is available from the Freedonia Group for $5,300. More information can be obtained from the firm's website.

    The firm said construction market for rubber products is expected to post the strongest gains through 2019, while rubber roofing and other construction-related products are forecast to register the healthiest growth of any major product category.

    Mechanical goods will continue to account for the largest share of total demand in 2019, the study said, however sales gains in this segment will not be as strong as those forecast for others. Suppliers of hose and belts will benefit from increased output of the durable goods, particularly machinery, in which they are used.

    The study said, in general, gains will be fueled by increased production of machinery and healthy growth in nonresidential construction spending. Increase in motor vehicle production also will provide industrial rubber manufacturers with new sales opportunities, though the study projects it to slow considerably from the strong output increases from 2009-14.

    These goods will continue to face competition from less expensive plastic products in a number of applications, Freedonia Group's study said.

    Related Articles
    Rubber product trade deficit tops $12 billion in 2014
    NR prices increase slowly
    Future is finally looking bright for NR alternatives
    NR production falls by 0.7% in first half
    RMA: U.S. demand for tires to remain unchanged
    MarketResearch.com acquires Freedonia Group
    World rubber demand set to grow 4 percent annually
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Stakes high as global NR industry urgently seeks alternate supply
    2
    EV owners struggle to find replacements for OE tires
    3
    Updated: Conti fined for compound mixer explosion, shears accident
    4
    Tokai Carbon CB Borger facility earns sustainability designation
    5
    Carbon black supply shortages force Europe to seek alternative sources
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • ITEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION