Industrial Rubber Products

 Published On: Jul, 2015 |    No of Pages: 307 |  Published By: Freedonia | Format: PDF
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US demand to grow 3.4% per annum through 2019
US demand for industrial rubber products is expected to rise 3.4 percent per annum to $24.4 billion in 2019. Gains will be fueled by greater production of machinery and healthy growth in nonresidential construction spending. A modest bump in motor vehicle production through 2019 will also provide industrial rubber producers with new sales opportunities, though this market will slow considerably from the recovery-driven 2009-2014 period. However, competition from suppliers in low-cost countries will continue to restrict price increases for most industrial rubber products, limiting value gains to some degree. Furthermore, these goods will continue to face competition from less expensive plastic products in a number of applications.

Construction to be fastest growing market
The construction market for industrial rubber products is expected to post the strongest gains through 2019, bolstered by a robust recovery in nonresidential building activity and an acceleration in residential construction growth. Machinery will remain the largest market for industrial rubber products in 2019, recording the largest sales advances in dollar terms, supported by ongoing production increases for both industrial machinery and off-road equipment.

Motor vehicle market to return to normal conditions
Gains in both the motor vehicle and the aerospace and other transportation equipment markets will be somewhat restrained, dampened by slowing real output growth. However, increases in the number of motor vehicles and other transportation equipment in use will bolster demand for replacement industrial rubber products in these markets. It is also important to note that the motor vehicle market for industrial rubber products posted robust advances during the 2009-2014 period. A deceleration in growth through 2019 represents a return to normal sales conditions, not necessarily a cause for concern among suppliers to this market.

Construction products to be fastest growing segment
Bolstered by strong gains in construction activity, sales of rubber roofing and other construction-related products (such as rubber flooring, wall coverings, and geomembranes) are forecast to post the healthiest growth of any major market category through 2019. Some suppliers of construction-related products have boosted their output capacity because of solid market conditions. For instance, in April 2015 Johns Manville (a Berkshire Hathaway company) completed an expansion at its Scottsboro, Alabama rubber roofing plant that increased the facility’s capacity by 20 percent.

Mechanical goods to remain largest product type
Mechanical goods will continue to account for the largest share of total demand in 2019, although sales gains in this industrial rubber product category will not be as formidable as those forecast for other segments. Nearly half of all mechanical rubber goods are utilized in motor vehicle applications, where modest output advances will restrain growth to some degree. Sales of both hose and belts will outpace mechanical goods through 2019, supported by the wide variety of uses for these products. Suppliers of hose and belts will benefit from greater output of durable goods in which they are used, particularly machinery.

Study coverage
This Freedonia industry study, Industrial Rubber Products, presents historical demand data (2004, 2009 and 2014) plus forecasts for 2019 and 2024 by raw material, product and market. The study also details market environment factors, evaluates company market share and profiles 37 competitors in the US industry.

INTRODUCTION x

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Overview 6
Manufacturing Sector Overview 10
Market Volatility 15
Motor Vehicle Outlook 18
Nonresidential Fixed Investment Outlook 21
Construction Sector Overview 24
Environmental & Regulatory Issues 27
Regulatory Agencies & Legislation 27
Rubber Recycling 29
Pricing Patterns 30
International Environment 32
World Supply & Demand 33
US Foreign Trade 37
Imports 38
Exports 41
III. RAW MATERIALS 45
General 45
Elastomers 45
Thermoset Rubber 47
EPDM 48
Styrene Butadiene 49
Nitrile 49
Other Thermoset Rubbers 50
Thermoplastic Elastomers 53
Competitive Materials 55
IV. PRODUCTS 56
Supply & Demand 56
Mechanical Rubber Goods 60
Products 62
Vibration Control Products 64
Body Seals 67
Wiper Blades 70
Other Mechanical Rubber Goods 72
Production Methods 74
Markets 78
Leading Producers & Market Share 81
Rubber Hose 83
Products 84
Vehicular Hose 86
Fluid Power Hose 89
Water Hose 91
Air Hose 93
Other Rubber Hose 95
Markets 97
Leading Producers & Market Share 100
Rubber Belts 101
Products 103
Flat Belts 105
Conveyor & Elevator Belts 107
Transmission & Other Flat Belts 108
Nonflat Belts 109
Markets 112
Leading Producers & Market Share 114
Rubber Roofing 115
Products 117
Markets 121
Leading Producers & Market Share 122
Other Industrial Rubber Products 123
Products 125
Floor & Wall Coverings 127
Rollers & Roll Coverings 129
Sheet & Film 132
All Other Industrial Rubber Products 134
Markets 139
Leading Producers 141

V. MARKETS 142
Overview 142
Original Equipment Manufacturing 146
Maintenance/Repair/Operations 147
Machinery 149
Industry Outlook 151
Industrial Rubber Product Demand 153
Industrial Machinery 155
Off-Road Equipment 158
Motor Vehicles 160
Industry Outlook 161
Industrial Rubber Product Demand by Motor Vehicle Type 162
Industrial Rubber Product Demand by Source 164
Industrial Rubber Product Demand by System 166
Structural Systems 169
Steering & Suspension Systems 172
Wiper & Trim Systems 173
Engines 175
Transmission & Powertrain 177
Brake Systems 178
Other Systems 179
Construction 180
Building Construction Outlook 181
Industrial Rubber Product Demand 183
Aerospace & Other Transportation Equipment 186
Industry Outlook 186
Industrial Rubber Product Demand 188
Other Markets 191

VI. INDUSTRY STRUCTURE 194
General 194
Industry Composition 195
Market Share 199
Product Development & Manufacturing 203
Marketing & Distribution 204
Cooperative Agreements 206
Acquisitions & Divestitures 208
Company Profiles 211
American Biltrite Incorporated 212
American Roller Company 214
Avon Automotive Holdings, see MGI COUTIER
Avon Rubber plc 215
Berkshire Hathaway Incorporated 218
Bridgestone Corporation 220
Carlisle Companies Incorporated 225
Carlstar Group LLC 229
Carolina Rubber Rolls, see HBD Industries
Continental AG 230
ContiTech, see Continental
Cooper-Standard Holdings Incorporated 238
CQLT SaarGummi Holding Sarl 241
Dayco Products, see Mark IV Industries
Delphi Automotive PLC 242
Dichtomatik Americas, see Freudenberg
DTR Industries, see Sumitomo Electric Industries
EagleBurgmann, see Freudenberg
Eaton Corporation plc 244
EnPro Industries Incorporated 246
Federal-Mogul Corporation 248
Fenner plc 251
Firestone Building Products, see Bridgestone
Flint Group 255
Freudenberg & Company KG 258
Garlock Sealing Technologies, see EnPro Industries
Gates Corporation 261
GenFlex Roofing Systems, see Bridgestone
Habasit AG 264
HBD Industries Incorporated 266
Henniges Automotive Incorporated 269
Hutchinson, see Total
Inteva Products LLC 270
James Dawson & Son, see Fenner
Johns Manville, see Berkshire Hathaway
LORD Corporation 271
Mark IV Industries Incorporated 273
MGI COUTIER SA 276
Parker-Hannifin Corporation 278
RPM International Incorporated 282
Stemco, see EnPro Industries
Stratoflex Products, see Parker-Hannifin
Sumitomo Electric Industries Limited 284
Sumitomo Rubber Industries Limited 286
Taizhou Fuju Rubber Belt Manufacture, see Continental
Technetics, see EnPro Industries
Tenneco Incorporated 288
Total SA 289
Toyo Tire & Rubber Company Limited 292
Toyoda Gosei Company Limited 293
Trelleborg AB 296
TrelleborgVibracoustic, see Freudenberg and Trelleborg
Tremco, see RPM International
Trico Products Incorporated 301
United Technologies Corporation 302
Versico, see Carlisle Companies
Veyance Technologies, see Continental
Yamashita Rubber Company Limited 305
Yokohama Rubber Company Limited 306
WeatherBond, see Carlisle Companies

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 10
2 Manufacturers’ Shipments 15
3 Industrial Rubber Product Demand, 2004-2014 17
4 Motor Vehicle Indicators 21
5 Nonresidential Fixed Investment 24
6 Construction Expenditures 26
7 Industrial Rubber Product Pricing Patterns 32
8 World Demand for Industrial Rubber Products 36
9 Foreign Trade in Industrial Rubber Products 38
10 US Industrial Rubber Product Imports by Source 40
11 US Industrial Rubber Product Exports by Destination 43

SECTION III -- RAW MATERIALS
1 Elastomer Demand in Industrial Rubber Products 46

SECTION IV -- PRODUCTS
1 Industrial Rubber Product Supply & Demand 59
2 Mechanical Rubber Goods Supply & Demand 62
3 Mechanical Rubber Goods Demand by Product 63
4 Vibration Control Product Supply & Demand 67
5 Body Seal Supply & Demand 70
6 Wiper Blade Supply & Demand 72
7 Other Mechanical Rubber Goods Supply & Demand 74
8 Mechanical Rubber Goods Demand by Production Method 77
9 Mechanical Rubber Goods Demand by Market 80
10 Rubber Hose Supply & Demand 84
11 Rubber Hose Demand by Product 85
12 Vehicular Hose Supply & Demand 89
13 Fluid Power Hose Supply & Demand 91
14 Water Hose Supply & Demand 93
15 Air Hose Supply & Demand 95
16 Other Industrial Hose Supply & Demand 97
17 Rubber Hose Demand by Market 99
18 Rubber Belt Supply & Demand 103
19 Rubber Belt Demand by Type 105
20 Flat Belt Supply & Demand 106
21 Nonflat Belt Supply & Demand 112
22 Rubber Belt Demand by Market 113
23 Rubber Roofing Supply & Demand 117
24 Rubber Roofing Demand by Product 120
25 Rubber Roofing Demand by Market 122
26 Other Industrial Rubber Product Supply & Demand 125
27 Other Industrial Rubber Product Demand by Type 126
28 Rubber Flooring and Wall Covering Supply & Demand 129
29 Roller & Roll Covering Supply & Demand 132
30 Rubber Sheet & Film Supply & Demand 134
31 All Other Industrial Rubber Product Supply & Demand 138
32 Other Industrial Rubber Product Demand by Market 140

SECTION V -- MARKETS
1 Industrial Rubber Product Demand by Market and Application 144
2 Industrial Rubber Product Demand in OEM Applications 147
3 Industrial Rubber Product Demand in MRO Applications 149
4 Machinery Shipments 153
5 Machinery Market for Industrial Rubber Products 155
6 Industrial Machinery Market for Industrial Rubber Products 158
7 Off-Road Equipment Market for Industrial Rubber Products 160
8 Motor Vehicles and Parts Shipments 162
9 Industrial Rubber Product Demand by Motor Vehicle Type 164
10 Motor Vehicle Industrial Rubber Product Demand by Source 166
11 Industrial Rubber Product Demand by Motor Vehicle System 168
12 Motor Vehicle Structural System Demand for Industrial Rubber Products 172
13 Motor Vehicle Steering & Suspension System Demand for Industrial Rubber Products 173
14 Motor Vehicle Wiper & Trim System Demand for Industrial Rubber Products 175
15 Motor Vehicle Engine Demand for Industrial Rubber Products 177
16 Motor Vehicle Transmission & Powertrain Demand for Industrial Rubber Products 178
17 Motor Vehicle Brake System Demand for Industrial Rubber Products 179
18 Other Motor Vehicle Demand for Industrial Rubber Products 180
19 Building Construction Expenditures 183
20 Construction Market for Industrial Rubber Products 185
21 Aerospace & Other Transportation Equipment Shipments 188
22 Aerospace & Other Transportation Equipment Market for Industrial Rubber Products 191
23 Other Markets for Industrial Rubber Products 193

SECTION VI -- INDUSTRY STRUCTURE
1 US Industrial Rubber Product Sales by Company, 2014 198
2 Selected Cooperative Agreements 208
3 Selected Acquisitions & Divestitures 210

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 Industrial Rubber Product Demand, 2005-2014 18
2 World Industrial Rubber Product Demand by Region, 2014 36
3 US Industrial Rubber Product Imports by Source, 2014 41
4 US Industrial Rubber Product Exports by Destination, 2014 44

SECTION IV -- PRODUCTS
1 Industrial Rubber Product Demand by Product Type, 2004-2024 60
2 Mechanical Rubber Goods Demand by Product, 2014 64
3 Mechanical Rubber Goods Demand by Market, 2014 80
4 US Mechanical Rubber Goods Market Share, 2014 82
5 Rubber Hose Demand by Product, 2014 86
6 Rubber Hose Demand by Market, 2014 99
7 US Hose Market Share, 2014 101
8 Rubber Belt Demand by Market, 2014 114
9 US Belt Market Share, 2014 115
10 Rubber Roofing Market Share, 2014 123
11 Other Industrial Rubber Product Demand by Type, 2014 126
12 Other Industrial Rubber Product Demand by Market, 2014 140

SECTION V -- MARKETS
1 Industrial Rubber Product Demand by Market, 2004-2024 145
2 Additional Industrial Rubber Product Demand by Market, 2014-2019 145
3 Industrial Rubber Product Demand by Motor Vehicle System, 2014 168

SECTION VI -- INDUSTRY STRUCTURE
1 US Industrial Rubber Product Market Share, 2014 200


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