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US Market Industrial Rubber Demand Will Reach 24.4 Billion US Dollars By 2019

Qingdao Steady Machinery Co.,Ltd | Updated: Aug 20, 2015

According to the US industrial market research firm Freedonia Group's latest forecast, to 2019, the US industrial rubber demand will reach 24.4 billion US dollars. Among them, the construction market with the most rapid development of rubber products, and the roof is expected to get the most rapid and healthy growth of rubber products and other construction-related products. Mechanical rubber products will continue to occupy the largest market share, however, sales growth is expected as other areas, rubber tubing and pipe band suppliers will benefit from the machinery durable goods exports growth.

  Overall, due to the development of mechanical products and non-residential construction industry, industrial rubber products demand will maintain rapid growth. Increase in vehicle production will also provide new sales growth, although in 2009 - compared to the rapid growth in 2014, exports will slow down significantly. In addition, these products will continue to face various application areas of competition lower prices of plastic products.