CLEVELAND, Oct. 16, 2019 /PRNewswire/ -- US rubber demand is
forecast to rise 2.7% per year in nominal terms through 2023,
according to Rubber: United
States, a report recently released by Freedonia
Focus Reports. Suppliers will benefit from growth in domestic
production of tires, belts, hoses, and other rubber parts for motor
vehicles, machinery, and equipment. Rubber will remain a material
of choice in these applications for its abrasion, chemical, heat,
and oil resistance and resilience. The use of natural gas
feedstocks in US ethylene production, of which butadiene is a
byproduct, will continue to negatively impact synthetic rubber
suppliers, as butadiene yields from natural gas feedstocks are
lower relative to petroleum feedstocks.
More information about the report is available at:
https://www.freedoniafocusreports.com/Rubber-United-States-FF50017/?progid=91541
In real (inflation-adjusted) terms, rubber demand is projected
to expand nearly 1.1% annually to 2023, driven by rising output of
rubber products, with expected yearly shipment growth of 1.1% in
real terms. Imports will restrict faster gains in domestic rubber
product output, limiting stronger growth in real rubber
consumption.
These and other key insights are featured in Rubber:
United States. This report
forecasts to 2023 US rubber demand in nominal and real
(inflation-adjusted) terms and synthetic rubber shipments in
nominal terms at the manufacturer level. Total demand in nominal
terms is segmented by product in terms of:
- styrene-butadiene rubber (SBR)
- natural rubber
- polybutadiene rubber (BR)
- ethylene-propylene diene monomer (EPDM)
- polychloroprene (CR); isobutylene isoprene, or butyl, rubber
(IIR); polyisoprene rubber (IR); and acrylonitrile-butadiene rubber
(NBR)
- other synthetic rubbers such as acrylic and
fluoroelastomers
To illustrate historical trends, total demand, total shipments,
the various segments, and trade are provided in annual series from
2008 to 2018.
The scope of this report is defined as thermoset elastomers and
excludes thermoplastic elastomers (e.g., thermoplastic
polyurethanes) as well as silicone elastomers. Reclaimed rubber is
also excluded. Rubber demand represents the raw elastomers, before
the compounding stage. Re-exports of rubber are excluded from
demand and trade figures.
About Freedonia Focus Reports
Each month, The
Freedonia Group – a division of MarketResearch.com – publishes over
20 new or updated Freedonia Focus Reports, providing fresh,
unbiased analysis on a wide variety of markets and industries.
Published in 20-30 pages, Focus Report coverage ranges from raw
materials to finished manufactured goods and related services such
as freight and construction. Additional Materials & Chemicals
reports can be purchased at Freedonia Focus Reports or
MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent
topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key
indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
Press Contact:
Corinne
Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com
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SOURCE The Freedonia Group