Abstract
US demand to rise 2.8% annually through 2012
US demand for industrial rubber products is forecast to grow 2.8 percent per
year through 2012 to $18.6 billion, approximating the gains of the 2002-2007
period. Advances will be buoyed by an acceleration in shipments of motor
vehicles and parts, as well as by strong growth in the aerospace and other
transportation industries through 2012. Motor vehicle production is expected
to recover from the declines of the 2002-2007 period, which will fuel demand
for a myriad of industrial rubber products utilized in vehicular applications.
On the other hand, product demand will be somewhat restrained by a slowdown in
shipments of machinery and equipment through 2012, as this represents the
largest market for industrial rubber products.
Mechanical rubber goods to remain largest segment
Mechanical rubber goods comprise the largest product segment in the US market,
accounting for just under half of aggregate demand in 2007. Among these
products are body seals, vibration control products, wiper blades and a
variety of miscellaneous goods, such as bellows, bumpers, duct covers,
mallets, pads, plates and trim. Suppliers of mechanical rubber products will
benefit from an improved outlook for motor vehicles through 2012, as these
products are highly represented in this market. Rubber hose and belt demand
will also be fueled by the turnaround in motor vehicle production, as well as
from strong growth in the aerospace and other transportation industries.
Demand for rubber roofing membranes will be supported by continued strength in
nonresidential building construction expenditures, as well as accelerating
growth in residential building construction. However, other miscellaneous
industrial products are expected to advance at the fastest pace through 2012,
aided by solid growth in building construction expenditures, which will spur
demand for rubber floor and wall coverings and geomembranes.
Study coverage
It presents historical demand data for the years 1997, 2002 and 2007 and
forecasts for 2012 and 2017 by product and market. The study also considers
market environment factors, evaluates company market share and profiles 51
leading industry competitors.
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