Not surprisingly, the rest of the world is always quite keen to do business with the US rubber industry. For prospective investors, a solid base in the US market is an essential pre-requisite.
The US 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. Over the five years to 2019, industry revenue is expected to rise at an annualized rate of 0.3% to $20.9 billion.
Steep drop in the price of natural and synthetic rubber inputs have constrained the US rubber industry’s performance of late. Strong recovery in the price of rubber inputs and continued demand from downstream markets are expected to support revenue growth during the current period, say market analysts, adding that, however, a steep drop in the price of rubber is expected to lead the industry revenue to stagnate in 2019.
The Rubber Products Manufacturing in the US industry consists of automotive rubber components, rubber compounds and mixtures, industrial rubber products, other mechanical rubber components, foam rubber products etc.
Latest trends
Indonesia, Malaysia and Thailand produce the bulk of world's natural rubber, the raw material for rubber products manufactured by the industry. During periods of strong demand, operators can raise prices along with growth in rubber input prices, spurring industry revenue. The world price of rubber is anticipated to decline in 2019, posing a potential threat to the industry.
The trade-weighted index (TWI) measures the strength of the US dollar relative to the currencies of its trading partners. When the TWI rises, there is greater import competition and industry exports are relatively less competitive on the global market. The TWI is expected to decline in 2019, providing a potential opportunity for the industry.
Esta historia es de la edición September - October 2019 de Rubber Asia.
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Esta historia es de la edición September - October 2019 de Rubber Asia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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EVS: What's In Store For Rubber Auto Components?
Evs are going to rule our roads sooner or later. The crucial question here is: How far will this affect the rubber auto components sector? Though there are no clear estimations of the impact of EVs on the auto components industry, indications are that innovative and light-weight rubber and plastic components will have immense scope in the EV era.
TECHNOLOGY IS DISRUPTING TRUCK TIRE MAINTENANCE
Companies that adopt disruptive technologies like Cloud-based, TPMS 2.0 systems position themselves to be extremely successful in a fastchanging and highly-competitive environment by utilizing the data and visibility this technology provides to optimize tire performance and maintenance and expedite operations.
SLOWDOWN HAS NO IMPACT ON AUTO RUBBER COMPONENT INDUSTRY
FROST & SULLIVAN EXECUTIVES
PROVIDING SOLUTIONS TO GLOBAL RUBBER COMPOUND REQUIREMENTS WITH STATE OF THE ART MIXING FACILITY: MR. ADITYA GUPTA, CEO, GB GUMMI LLP
GB Group has been a leading innovator, manufacturer and supplier of rubber molded, rubber to metal bonded and sealing products for automotive and industrial applications for over three decades. With experience and foresight of more than 37 years with GB rubber products, GB Gummi LLP is a strategical move of entering into the rubber compounding business with its expertise in the manufacturing of rubber products, realizing the growing demand for the high-quality rubber compound. In an interview with Rubber Asia, Aditya Gupta, CEO of the company, says that GB Gummi LLP is poised to make significant strides in the global rubber compounding market. According to him, the company will closely monitor the current and future demands of the automotive industry. “As far as compounding is concerned, we are future-ready in terms of recipes and production capabilities for any form of industry,” he adds. EXCERPTS:
INDIAN NR MARkET GETS A BREATHER
After the recent spell of poor prices mainly on account of growing imports and lower international prices, the Indian natural rubber market is witnessing a resurgence of late. The trend is attributed to the slump in production in the major NR producing countries like Thailand and Indonesia due to widespread fungal infection in rubber trees. Against this backdrop, indications are that domestic prices are all set to bounce.
HOW OLD IS TOO OLD?
Following the UK proposal for a ban on heavy duty tyres over 10 years of age and the possible extension of this to tyres used on taxis as well, most new tyre manufacturers are more cautious of setting an age limit on the use of their products than stressing the importance of regular checking and good maintenance.
FOR WIDENING SKILLING REACH RSDC & NSKFDC JOIN HANDS
Continuing with its drive to extend the benefits of skilling to the lowest strata of society, RSDC has tied up with National Safai Karamcharis Finance And Development Corporation (NSKFDC), a Government of India undertaking.
EFFICIENCIES & SURVIVAL
What other low hanging fruit is available to the modern transport operator that compares with the savings that can be generated by real time monitoring of tyres? Give the humble tyre that supports the loads you impose the only thing it requires to perform for your gain -- the appropriate level of inflation. It is only air, it costs little and provides far greater returns than any other “improvement”
BATTLE RAGING AGAINST PART-WORNS IN EUROPE
Recently organisations around Europe have stepped up their ongoing campaigns against the continued totally illegal and irresponsible practice of promoting and selling part-worn tyres
APOLLO TYRES JOINS WITH GARC FOR FIRST TYRE TEST TRACK IN INDIA
This test track will be used for testing wet grip of tyres as per standard specifications
