USA Rubber Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)

Report on USA Rubber Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)

 Introduction to USA Rubber Industry

Rubber a naturally occurring elastic substance is a polymer of iso-propene obtained from the latex of a tropical plant. The process of collecting latex takes place by making incisions on the bank of the rubber tree and accumulating it in the vessels. Harvesting begins once the tree is five years old and can continue until 25 years. It is of two type, natural rubber, and synthetic rubber. Asia, accounting for 90% of the total rubber production [1], the harvesting of the rubber trees also takes place in tropical and sub-tropical regions of Amazon and Africa. Its usage varies across tire, airbags, clothing, flooring, adhesive, anti-vibration, flotation and many other industrial products [3].

 

Marketing dynamics of the rubber industry

The USA is the highest exporter of synthetic rubber (13% [4] of global synthetic exports) and also the second highest importer of natural rubber with 11.4% [5] of global natural rubber imports. Rubber having multiple useful properties like pliability, elasticity, adhesive etc. fits into a plethora of products. The rubber consumption of tire industry is the key driver for the demand in the rubber market. 50% and 100% [3] of natural rubber are required for making tires for automobiles and aircraft respectively. The USA is also home to one of the largest medical device market ($130 billion) in the world which drives the demand for rubber chemicals. Rubber processing chemical market and wider tire market are also the key drivers for the demand for rubber in the USA. The primary driver for the high demand for rubber is due to its versatile use. Due to its unique features, it can be found across industries like automobile, chemical, construction, medical, textile, printing, and many other industries.

The major threat to the industry is its over-reliance on imports of natural rubber and the competition from the Chinese rubber market. US producers have been able to supply only 60% [6] of the domestic demand for truck and bus tires. The main reason behind this was the imports of Chinese tires.

 

Marketing segmentation of the rubber industry

 

The US rubber market can be segmented on the basis of product, industry, and region. Based on product, The USA rubber market can be divided into natural rubber, synthetic rubber, and vulcanized rubber. While natural rubber is imported mainly from Indonesia and Thailand, synthetic rubber is produced locally. Vulcanized rubber is made by vulcanization of synthetic rubber. Vulcanization is a process by which the qualities of synthetic rubber like tensile strength and resistance to abrasion and swelling (making it more durable) are improved by a chemical process of heating and adding Sulphur, Carbon black etc. Vulcanized rubber is used extensively in street vehicles, shoe soles, bowling balls, erasers etc.

Based on the industry, rubber finds in presence in a variety of industries like tire industry, aviation, medical device market and many more. Regionally, Ohio has emerged as the leading rubber producer in the USA.

 

Key Players

Michelin, Goodyear Tire & Rubber, Carlisle Companies, Cooper Tire & Rubber Co., Continental A.G., Parker-Hannifin Corp., New Balance Athletic Show Inc. are the largest rubber companies in the USA (in order of their ranks)

 

The report contains a comprehensive analysis on:

  • USA Rubber Industry Segments
  • USA Rubber Industry Drivers, Restraints and Opportunities
  • USA Rubber Industry Size & Forecast 2016 to 2022
  • Supply & Demand Value Chain
  • USA Rubber Industry Current Trends
  • Competition & Major Companies
  • Technology and R&D Status
  • Porters Five Force Analysis
  • Strategic and Critical Success Factor Analysis of Key Players

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macroeconomic factors, and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

 

Report Highlights:

  • Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
  • Consumer and Pricing Analysis
  • Market dynamics of the industry
  • In-depth Market Segmentation
  • Historical and Projected Market Sizing in terms of volume and value
  • Recent market trends and Impact Factors
  • R&D Status and Technology Overview
  • Extensive Industry Structure Coverage

 

 

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