Rubber Product Manufacturing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Burning rubber: Industry revenue will be aided by a rising price of rubber

The Rubber Product Manufacturing industry offers a wide variety of rubber-based products, ranging from automotive components and roofing materials to shoe soles and office supplies. Volatile fluctuations in the price of natural and synthetic rubber inputs have constrained industry revenue performance during most of the period. Also, steep drops in demand from key markets because of the COVID-19 pandemic spurred industry revenue to fall 13.6% in 2020 alone. However, the industry bounced back strongly, rising 5.7% in 2021, as the economy reopens and downstream markets attempt to capture pent-up demand for automobiles and consumer products. Still, industry-wide revenue fell at a CAGR of 3.9% to $18.6 billion over the past five years, including a 2.8% drop in 2023.

Operators in the Rubber Product Manufacturing industry manufacture a range of rubber products, including automotive parts, doormats, rubber foam and rubber tubing. Due to the variety of goods, this industry sells to various downstream industries, including manufacturing and construction companies.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.