US shipments to see stronger gains amid pandemic recovery
CLEVELAND, June 16, 2022 /PRNewswire/ — US rubber demand is forecast to increase 1.0% per year in nominal terms through 2026 from a high 2021 base, according to Rubber: United States, a report recently released by Freedonia Focus Reports. Suppliers are expected to benefit from projected increases in US production of rubber products, such as tires, hoses, and belts, amid increasing output of transportation equipment and machinery. Demand in nominal terms will also be supported by elevated oil prices, resulting from Russia’s invasion of Ukraine in February 2022 and subsequent international sanctions.
US shipments of synthetic rubber are forecast to expand 1.7% annually to 2026. Increasing demand for rubber as the economy continues to recover from the negative effects of COVID-19 will boost shipments. Competition from foreign suppliers, as well as alternatives to synthetic rubber, will prevent faster gains. Higher crude oil prices – and subsequently higher prices for petroleum-based rubber products, which may benefit domestic shipments in nominal terms in the short run – will lead manufacturers toward alternatives to synthetic rubber, particularly ones that are more environmentally sustainable.
These and other key insights are featured in Rubber: United States. This report forecasts to 2022 and 2026 US rubber demand and synthetic rubber shipments in nominal US dollars at the manufacturer level. Total demand is segmented by type in terms of:
- styrene-butadiene rubber (SBR)
- polybutadiene (BR)
- natural rubber
- chloroprene rubber (CR); isobutylene isoprene, or butyl, rubber (IIR); isoprene rubber (IR); and nitrile rubber (NBR)
- ethylene-propylene diene monomer (EPDM)
- 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 2011 to 2021.
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.
More information about the report is available at:
https://www.freedoniafocusreports.com/Rubber-United-States-FF50017/?progid=91541
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
+1 440.842.2400
[email protected]
SOURCE The Freedonia Group
