The market is dominated by domestic suppliers, as imports account for 38.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 50.0% of total demand in 2023. The US has the largest market size for rubber products across the top 20 developed countries, with demand reaching USD111 billion in 2023. Goodyear Tire & Rubber Co, The is the largest company in the US, generating 5.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 15.0% of total production value in 2023. The total number of companies increases in 2023, to 3,352 units. The costs of the industry increase by 1% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 7.6% of production value in 2023, the ninth highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 12.5% of total production output. With production value of USD50.8 billion, the US accounts for 90.9% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Rubber Products in the US: ISIC 251. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Rubber Products in the US: ISIC 251 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Rubber and Plastic is an aggregation of Plastic and Rubber products.
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