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Rubber Market Size, Share & COVID-19 Impact Analysis, By Type (Natural, and Synthetic), By Application (Tire, Non-Tire Automotive, Footwear, Industrial Goods, and Others), and Regional Forecast, 2020-2027

Last Updated: April 15, 2024 | Format: PDF | Report ID: FBI101612

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KEY MARKET INSIGHTS

The global rubber market size stood at USD 40.77 billion in 2019 and is projected to reach USD 51.21 billion by 2027, exhibiting a CAGR of 5.3% during the forecast period. Properties such as heat and abrasion resistance make rubber a highly useful and valuable raw material in various end-use industries. It is mostly used in manufacturing products such as tires, crap tubes, adhesives, hoses, gaskets, and roll coverings. The rising demand from the automotive industry for tire and non-tire applications is one of the key rubber market trends. It is majorly used in the manufacturing of tires due to its strong properties, such as tear resistance and toughness. It also works under low-temperature conditions. It is a perfect material for the manufacturing of tires and hence, accounts for over 40% of the share in the overall tire composition. Additionally, properties, such as weather resistance, insulation property, and flexibility increase the usage in industrial applications including transmission belts, elevators , and non-flat belts.

COVID-19 Outbreak to Negatively Impact the Market

The COVID-19 pandemic has affected the market in the same manner as numerous disrupted industries across the globe. Silicone rubber is majorly used in the automotive industry for the manufacturing of tires and several components. During this pandemic, several countries including China, India, Germany, Italy, Brazil, and Canada declared complete lockdown. This further led to the shutdown of production facilities, and raw material transportation.  This epidemic has severely affected the supply chain of numerous manufacturing units. Since, both raw material supply and finished goods distribution are majorly affected, causing a massive drop in revenue. China is a major consumer of materials and an epicenter of coronavirus, thus, inhibiting the development of the market. Restrictions over export and import of products such as tires, and general, and industrial goods act as a factor in the decline of the market.

RUBBER MARKET TRENDS

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Development of Different Products to Provide Growth Opportunities for the Market

Rubber products find applications in various industries such as packaging, manufacturing, engineering, and construction. When combined with various polymers and chemicals, it provides sturdy outcomes in the production of products such as surgical supplies, respirators, pacemakers, and feeding nipples. Some companies operating in the market are specialized in compounding rubber according to the specifications of customers to develop novel products. For instance, reinforced products such as drive belts, air brake diaphragms, and conveyors are built from calendered or coated rubber on a revolving or stationary drum. On the other hand, non-reinforced rubbers are formed and cured for the formation of a sponge. Hence, the development of novel products is expected to create immense growth opportunities for the market.

RUBBER MARKET GROWTH FACTORS

Growing Demand from Various End-Use Industries to Drive Market

Rubber is dominantly used as a raw material in the automotive end-use industry for the production of a wide variety of products, such as tires, crap tubes, adhesives, hoses, pipes, gaskets, and roll coverings. The increasing demand for tire and non-tire automotive parts is expected to influence market growth.

It is further used in various applications, such as footwear, industrial goods, construction, textiles, and other consumer products. The amalgamation of rubber in footwear gives protection from water, chemicals, electricity, impact, and low temperatures. It is also used in a variety of consumer products, such as protective covers, mats, and others. The rising usage in textiles and industrial goods is expected to act as a driving factor for the growth of the market.

RESTRAINING FACTORS

Availability of Alternatives with Better Performance Indicators is Impeding Product Adoption

The market is gaining impetus through the demand from industries such as automotive, consumer goods, and clothing & footwear, but it faces considerable competition from materials such as polymers & plastics, and vinyl. Polymers & plastics are generally inexpensive as they are produced in massive quantities across the globe. Moreover, polymers such as PET, PP, and ABS have better capabilities such as elasticity, rigidity, anti-slip, and durability, making them superior alternatives. Products such as pipes, seals, and tubes are preferably made of plastics and are significantly replacing rubber-based products in automotive and industrial applications. Vinyl or polyvinyl chloride (PVC) is another substitute material in products such as door and window siding, flooring , pipes, and industrial gloves. Hence, the availability of alternatives is expected to diminish the expansion of the market.

RUBBER MARKET SEGMENTATION ANALYSIS

By type analysis.

Synthetic Rubber Segment is Expected to Generate the Highest Revenue

The demand for synthetic rubber is increasing in several applications, such as tires, footwear, and industrial goods due to its superior properties including abrasion resistance, high heat resistance, elasticity, and toughness. These properties have caused a large number of consumers to shift from natural to synthetic rubber for a wide range of commercial uses. This type is largely used in the manufacturing of tires. The styrene-butadiene sub-type is majorly used in tire production due to its better abrasion resistance and it is considered as a cost-effective replacement of natural variety.

The increasing demand for natural rubber is due to its automotive applications and latex products. Asia Pacific has been the dominant market for this type. It is because several manufacturers in this region produce and export this type to other countries in the form of either raw material or as complete products. Thailand is the largest producer of this type globally due to its effective cultivation methods and tropical climate. Natural variety is a preferred choice over high-priced synthetic variety in developing countries.

By Application Analysis

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Tire Segment is Anticipated to Exhibit a Significant CAGR

Rubber has a high demand from the tire manufacturing companies due to its crucial properties, namely, abrasion resistance, tear resistance, and flexibility. The tire segment would ensure to hold the highest rubber market share owing to the rising production of tires in various regions. This rising production is associated with the growing demand for tires from the automotive industry. Non-tire automotive applications hold the second-largest share in terms of consumption. These applications include the production of gaskets, floor mats, pads on pedals, crap tubes, adhesives, hoses, bushings, and others.

The demand for the product in the footwear application is increasing owing to its properties, such as being lightweight and also offers protection against water, chemicals, electricity, The rubber used in footwear provides comfort, durability, and traction. These factors increase the consumption of the product in the footwear application.

In industrial applications, rubber is highly used to manufacture various material handling equipment, such as elevator belts, hoses, seismic bearings, and tubes. Additionally, it is used to manufacture pressure bladder, tool sealant, gaskets, and vacuum bags. The other applications of the product include surgical gloves, catheters, and contraceptives.

REGIONAL RUBBER MARKET ANALYSIS

Asia Pacific Rubber Market Size, 2019 (USD Billion)

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The market size in the Asia Pacific stood at USD 22.09 billion in 2019. Asia-Pacific is the largest producer as well as a consumer with Thailand being the largest producing country of natural rubber and China being the largest consumer. The Asia Pacific is expected to witness the highest growth in the market across the globe. Growth in the automotive and construction industries is a key driver of the market in this region. China, Japan, and India are key countries contributing to the market growth in the region owing to the rising tire production and construction activities in these countries.

North America is anticipated to remain a key region in the market during the forecast period owing to the rising demand in automotive and footwear applications. The market in North America is also driven by factors, such as rising application in chemical and textile industries, and advancements in technologies.

Europe is projected to witness significant growth in the market. The increasing demand for tires in the automotive industry would contribute to the growth of the market in the region. Additionally, the use of non-tire automotive and industrial applications are some of the other key factors driving the market growth in Europe.

Latin America and the Middle East & Africa would showcase lower growth in the market value compared to the other regions due to factors, namely, more dependency on the import of natural rubber, high cost of synthetic type, and less production of tires.

KEY INDUSTRY PLAYERS

Market Players like ARLANXEO and Kumho Petrochemical are Expected to Strengthen the Market Position by Offering Various Solutions

The major producers of the product are located in Asia leading to a fragmented market. The manufacturers located in North America and Europe are aiming to increase their presence in Asia Pacific in order to strengthen their position in the market and to drive business growth. The key players in the market have, therefore, developed strong regional presence, distribution channels, and product offerings.

LIST OF KEY COMPANIES PROFILED IN RUBBER MARKET:

• ARLANXEO (Netherlands)
• Kumho Petrochemical Co., Ltd. (South Korea)
• PetroChina (China)
• TSRC Corporation (Taiwan)
• LG Chem (South Korea)
• Versalis (Italy)
• Dow Chemicals (U.S.)
• Von Bundit (Thailand)
• Sri Trang Agro-Industry (Thailand)
• Southland Holding Lonza (Thailand)
• Vietnam Rubber Group (Vietnam)
• Tradewinds Plantation Berhad (Malaysia)
• Tong Thai Rubber Group (Thailand)
• Ravasco (India)
• Halcyon Agri (Singapore)
• Unitex Rubber (Thailand)

KEY INDUSTRY DEVELOPMENTS

• In July 2018, ARLANXEO launched Levapren PXL, a new ethylene-vinyl acetate rubber. The new EVM products are characterized by particularly high viscosity and easier processing, which is needed when manufacturing high-quality hoses, cable sheathings and floor coverings.
• In June 2018, Kumho Petrochemical announced the expansion of the NB Latex production capacity from 400 KT to 550 KT per annum at its manufacturing plant in Ulsan. The expansion is expected to be completed by the first quarter of 2019.

REPORT COVERAGE

An Infographic Representation of Rubber Market

To get information on various segments, share your queries with us

The rubber industry research report provides qualitative and quantitative insights on the market and a detailed analysis of this market size & growth rate for all possible segments that exist in the market. The market is segmented by type, application, and geography. Based on type, the market is classified into natural and synthetic. By application, the market is divided into the tire, non-tire automotive, footwear, industrial, and others. Geographically, the market has been analyzed across five major regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. These regions are further categorized into countries.

Along with this, the report provides an elaborative analysis of the rubber market dynamics and competitive landscape. Various key insights presented in the report are the price trend analysis, recent industry developments in this market, the regulatory scenario in crucial countries, macro, and microeconomic factors, SWOT analysis, and key rubber industry trends, competitive landscape, and company profiles.

Report Scope & Segmentation

Frequently asked questions.

Fortune Business Insights says that the global market was valued at USD 40.77 Billion in 2019 and is projected to reach USD 51.21 Billion by 2027.

The market will exhibit steady growth at a CAGR of 5.3% in the forecast period (2020-2027).

The tire segment is expected to be the leading application in the market during the forecast period.

Increasing demand from the automotive sector is driving market growth.

Asia Pacific is expected to hold the highest market share in the market.

Tire and non-tire automotive are the key applications expected to drive the adoption.

Rising demand for tires, growing automotive, consumer goods, and construction industries are the key market trends.

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• STUDY PERIOD: 2019-2032 (In Process)
• BASE YEAR: 2023 (In Process)

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The global rubber market size stood at $40.77 Bn in 2019 and it is projected to reach $51.21 Bn by 2027, exhibiting a CAGR of 5.3% during the forecast period

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Rubber industry worldwide - statistics & facts

Types of rubber, uses of rubber, key insights.

Detailed statistics

Global rubber production 2000-2022

Global rubber consumption 2000-2022

Synthetic rubber market value worldwide 2022-2027

Editor’s Picks Current statistics on this topic

Current statistics on this topic.

Natural rubber production worldwide 2022, by country

Natural rubber exporters worldwide distribution 2022, by country

Rubber price per kilogram 2020-2024, by month

Related topics

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• Plastics industry worldwide

Recommended statistics

• Premium Statistic Global rubber production 2000-2022
• Premium Statistic Global rubber consumption 2000-2022
• Premium Statistic Natural rubber production APAC 2021, by country
• Premium Statistic Synthetic rubber market value worldwide 2022-2027

Production of rubber worldwide from 2000 to 2022 (in million metric tons)

Consumption of rubber worldwide from 2000 to 2022 (in million metric tons)

Natural rubber production APAC 2021, by country

Natural rubber production in the Asia-Pacific region in 2021, by country (in 1,000 metric tons)

Market value of synthetic rubber worldwide in 2024, with a forecast for 2029 (in billion U.S. dollars)

• Premium Statistic Rubber exports worldwide 2011-2022
• Premium Statistic Global imports of rubber 2011-2022
• Basic Statistic Natural rubber exporters worldwide distribution 2022, by country
• Premium Statistic Volume of rubber exports Thailand 2013-2023

Rubber exports worldwide 2011-2022

Exports of rubber worldwide from 2011 to 2022 (in million metric tons)

Global imports of rubber 2011-2022

Imports of rubber worldwide from 2011 to 2022 (in million metric tons)

Distribution of natural rubber exports based on value in 2022, by country

Volume of rubber exports Thailand 2013-2023

Total volume of rubber exported from Thailand from 2013 to 2023 (in million metric tons)

• Premium Statistic Global production of natural rubber 2000-H1 2023
• Premium Statistic Synthetic rubber global production 2000-H1 2023
• Premium Statistic Global synthetic rubber production 2017-2020, by region
• Premium Statistic Global natural rubber production by region 2018-2020
• Premium Statistic Natural rubber production worldwide 2022, by country
• Premium Statistic Malaysia total natural rubber production 2000-2022
• Premium Statistic Natural rubber production in Thailand 1961-2022
• Premium Statistic Production of rubber in Indonesia 2014-2023
• Basic Statistic Production volume of synthetic rubber in India FY 2013-2022

Global production of natural rubber 2000-H1 2023

Natural rubber production worldwide from 2000 to H1 2023 (in million metric tons)

Synthetic rubber global production 2000-H1 2023

Synthetic rubber production worldwide from 2000 to H1 2023 (in million metric tons)

Global synthetic rubber production 2017-2020, by region

Synthetic rubber production worldwide from 2017 to 2020, by region (in 1,000 metric tons)

Global natural rubber production by region 2018-2020

Natural rubber production worldwide from 2018 to 2020, by region (in 1,000 metric tons)

Leading natural rubber producing countries worldwide in 2022 (in 1,000 metric tons)

Malaysia total natural rubber production 2000-2022

Total natural rubber production of Malaysia from 2000 to 2022 (in 1,000 metric tons)

Natural rubber production in Thailand 1961-2022

Total natural rubber production in Thailand from 1961 to 2022 (in million metric tons)

Production of rubber in Indonesia 2014-2023

Total production of rubber in Indonesia from 2014 to 2023 (in million metric tons)

Production volume of synthetic rubber in India FY 2013-2022

Production volume of synthetic rubber in India from financial year 2013 to 2022 (in 1,000 metric tons)

Consumption

• Premium Statistic Global consumption of natural and synthetic rubber 1990-H1 2023
• Basic Statistic Global natural rubber consumption by region 2018-2020
• Premium Statistic Global synthetic rubber consumption 2018-2020, by region
• Premium Statistic Natural rubber consumption 2015-2022, by country
• Premium Statistic India's consumption of synthetic rubber 2016-2023, by end use
• Basic Statistic India's consumption of natural rubber 2016-2023, by end use

Global consumption of natural and synthetic rubber 1990-H1 2023

Consumption of natural and synthetic rubber worldwide from 1990 to H1 2023 (in million metric tons)

Global natural rubber consumption by region 2018-2020

Natural rubber consumption worldwide from 2018 to 2020, by region (in 1,000 metric tons)

Global synthetic rubber consumption 2018-2020, by region

Synthetic rubber consumption worldwide from 2018 to 2020, by region (in 1,000 metric tons)

Natural rubber consumption 2015-2022, by country

Consumption of natural rubber worldwide from 2015 to 2022, by leading country (in 1,000 metric tons)

India's consumption of synthetic rubber 2016-2023, by end use

Consumption of synthetic rubber in India from financial year 2017 to 2023, by end use (in metric tons)

India's consumption of natural rubber 2016-2023, by end use

Consumption of natural rubber in India from financial year 2017 to 2023, by end use (in metric tons)

• Premium Statistic Rubber price per kilogram 2010-2023
• Premium Statistic Rubber price per kilogram 2020-2024, by month
• Premium Statistic Natural rubber price per kilogram in Indonesia 2020-2023
• Premium Statistic U.S. synthetic rubber producer price index 2005-2023
• Premium Statistic Wholesale Price Index of rubber products India FY 2013-2023

Rubber price per kilogram 2010-2023

Price of rubber at the Singapore Commodity Exchange from 2010 to 2023 (in U.S. dollars per kilogram)

Monthly price of rubber at the Singapore Commodity Exchange from January 2020 to February 2024 (in U.S. dollars per kilogram)

Natural rubber price per kilogram in Indonesia 2020-2023

Monthly average price of Standard Indonesian Rubber (SIR) 20 from January 2020 to July 2023 (in U.S. cents per kilogram)

U.S. synthetic rubber producer price index 2005-2023

Producer price index of synthetic rubber in the United States from 2005 to 2023*

Wholesale Price Index of rubber products India FY 2013-2023

Wholesale Price Index of rubber products across India from financial year 2013 to 2023

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Rubber Product Manufacturing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

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Industry statistics and trends.

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Rubber Product Manufacturing in the US

Industry Revenue

Total value and annual change from . Includes 5-year outlook.

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Trends and Insights

Market size is projected to over the next five years.

Market share concentration for the Rubber Product Manufacturing industry in the US is , which means the top four companies generate of industry revenue.

The average concentration in the sector in the United States is .

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Table of Contents

About this industry, industry definition, what's included in this industry, industry code, related industries, domestic industries, competitors, complementors, international industries, performance, key takeaways, revenue highlights, employment highlights, business highlights, profit highlights, current performance.

What's driving current industry performance in the Rubber Product Manufacturing in the US industry?

What's driving the Rubber Product Manufacturing in the US industry outlook?

What influences volatility in the Rubber Product Manufacturing in the US industry?

• Industry Volatility vs. Revenue Growth Matrix

What determines the industry life cycle stage in the Rubber Product Manufacturing in the US industry?

• Industry Life Cycle Matrix

Products and Markets

Products and services.

• Products and Services Segmentation

How are the Rubber Product Manufacturing in the US industry's products and services performing?

What are innovations in the Rubber Product Manufacturing in the US industry's products and services?

Major Markets

• Major Market Segmentation

What influences demand in the Rubber Product Manufacturing in the US industry?

International Trade

• Industry Concentration of Imports by Country
• Industry Concentration of Exports by Country
• Industry Trade Balance by Country

What are the import trends in the Rubber Product Manufacturing in the US industry?

What are the export trends in the Rubber Product Manufacturing in the US industry?

Geographic Breakdown

Business locations.

• Share of Total Industry Establishments by Region ( )

Data Tables

• Number of Establishments by Region ( )
• Share of Establishments vs. Population of Each Region

What regions are businesses in the Rubber Product Manufacturing in the US industry located?

Competitive Forces

Concentration.

• Combined Market Share of the Four Largest Companies in This Industry ( )
• Share of Total Enterprises by Employment Size

What impacts market share in the Rubber Product Manufacturing in the US industry?

Barriers to Entry

What challenges do potential entrants in the Rubber Product Manufacturing in the US industry?

Substitutes

What are substitutes in the Rubber Product Manufacturing in the US industry?

Buyer and Supplier Power

• Upstream Buyers and Downstream Suppliers in the Rubber Product Manufacturing in the US industry

What power do buyers and suppliers have over the Rubber Product Manufacturing industry in the US?

Market Share

Top companies by market share:

• Market share
• Profit Margin

Company Snapshots

Company details, summary, charts and analysis available for

Company Details

• Total revenue
• Total operating income
• Total employees
• Industry market share

Company Summary

• Description
• Brands and trading names
• Other industries

What's influencing the company's performance?

External Environment

External drivers.

What demographic and macroeconomic factors impact the Rubber Product Manufacturing in the US industry?

Regulation and Policy

What regulations impact the Rubber Product Manufacturing in the US industry?

What assistance is available to the Rubber Product Manufacturing in the US industry?

Financial Benchmarks

Cost structure.

• Share of Economy vs. Investment Matrix
• Depreciation

What trends impact cost in the Rubber Product Manufacturing in the US industry?

Financial Ratios

• 3-4 Industry Multiples (2018-2023)
• 15-20 Income Statement Line Items (2018-2023)
• 20-30 Balance Sheet Line Items (2018-2023)
• 7-10 Liquidity Ratios (2018-2023)
• 1-5 Coverage Ratios (2018-2023)
• 3-4 Leverage Ratios (2018-2023)
• 3-5 Operating Ratios (2018-2023)
• 5 Cash Flow and Debt Service Ratios (2018-2023)
• 1 Tax Structure Ratio (2018-2023)

Data tables

• IVA/Revenue ( )
• Imports/Demand ( )
• Exports/Revenue ( )
• Revenue per Employee ( )
• Wages/Revenue ( )
• Employees per Establishment ( )
• Average Wage ( )

Key Statistics

Industry data.

Including values and annual change:

• Revenue ( )
• Establishments ( )
• Enterprises ( )
• Employment ( )
• Exports ( )
• Imports ( )

Frequently Asked Questions

What is the market size of the rubber product manufacturing industry in the us.

The market size of the Rubber Product Manufacturing industry in the US is measured at in .

How fast is the Rubber Product Manufacturing in the US market projected to grow in the future?

Over the next five years, the Rubber Product Manufacturing in the US market is expected to . See purchase options to view the full report and get access to IBISWorld's forecast for the Rubber Product Manufacturing in the US from up to .

What factors are influencing the Rubber Product Manufacturing industry in the US market trends?

Key drivers of the Rubber Product Manufacturing in the US market include .

What are the main product lines for the Rubber Product Manufacturing in the US market?

The Rubber Product Manufacturing in the US market offers products and services including .

Which companies are the largest players in the Rubber Product Manufacturing industry in the US?

Top companies in the Rubber Product Manufacturing industry in the US, based on the revenue generated within the industry, includes .

How many people are employed in the Rubber Product Manufacturing industry in the US?

The Rubber Product Manufacturing industry in the US has employees in United States in .

How concentrated is the Rubber Product Manufacturing market in the United States?

Market share concentration is for the Rubber Product Manufacturing industry in the US, with the top four companies generating of market revenue in United States in . The level of competition is overall, but is highest among smaller industry players.

Methodology

Where does ibisworld source its data.

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

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Rubber in the Automotive Industry - PowerPoint PPT Presentation

Rubber in the Automotive Industry

Rubber in the automotive industry. rubber in sports entertainment. rubber in the household convenience. heat resistant. flame retardant. storage. water resistant ... – powerpoint ppt presentation.

• Heat resistant
• Flame retardant
• Water resistant
• Ability to float
• Ability to resist ware and tare.

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RUBBER PROCESSING TECHNOLOGY

Feb 28, 2014

560 likes | 1.71k Views

Production of raw NR is an agricultural industry because latex, the starting ingredient, is grown on plantations in tropical climates By contrast, synthetic rubbers are produced by the petrochemical industry

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• rubber processing
• natural rubber
• rubber industry
• natural rubber nr
• called pale crepe rubber

Presentation Transcript

RUBBER PROCESSING TECHNOLOGY • Rubber Processing and Shaping • Manufacture of Tires and Other Rubber Products • Product Design Considerations ©2010 John Wiley & Sons, Inc. M P Groover, Fundamentals of Modern Manufacturing 4/e

Overview of Rubber Processing • Many of the production methods used for plastics are also applicable to rubbers • However, rubber processing technology is different in certain respects, and the rubber industry is largely separate from the plastics industry • The rubber industry and goods made of rubber are dominated by one product: tires • Tires are used in large numbers on automobiles, trucks, aircraft, and bicycles ©2010 John Wiley & Sons, Inc. M P Groover, Fundamentals of Modern Manufacturing 4/e

Two Basic Steps in Rubber Goods Production • Production of the rubber itself • Natural rubber (NR) is an agricultural crop • Synthetic rubbers is based on petroleum • Processing into finished goods: • Compounding • Mixing • Shaping • Vulcanizing ©2010 John Wiley & Sons, Inc. M P Groover, Fundamentals of Modern Manufacturing 4/e

The Rubber Industries • Production of raw NR is an agricultural industry because latex, the starting ingredient, is grown on plantations in tropical climates • By contrast, synthetic rubbers are produced by the petrochemical industry • Finally, processing into tires and other products occurs at processor (fabricator) plants, commonly known as the rubber industry ©2010 John Wiley & Sons, Inc. M P Groover, Fundamentals of Modern Manufacturing 4/e

Production of Natural Rubber • Natural rubber is tapped from rubber trees (Hevea brasiliensis) as latex • In Southeast Asia and other parts of the world • Latex is a colloidal dispersion of solid particles of the polymer polyisoprene in water • Polyisoprene (C5H8)n is the chemical substance that comprises NR, and its content in the emulsion is about 30% ©2010 John Wiley & Sons, Inc. M P Groover, Fundamentals of Modern Manufacturing 4/e

Recovering the Rubber • Preferred method to recover rubber from latex involves coagulation - adding an acid such as formic acid (HCOOH) • Coagulation takes about 12 hours • The coagulum, now soft solid slabs, is then squeezed through rolls which drive out most of the water and reduce thickness to about 3 mm (1/8 in) • The sheets are then draped over wooden frames and dried in smokehouses for several days ©2010 John Wiley & Sons, Inc. M P Groover, Fundamentals of Modern Manufacturing 4/e

Grades of Natural Rubber • The resulting rubber, now in a form called ribbed smoked sheet, is folded into large bales for shipment to the processor • In some cases, the sheets are dried in hot air rather than smokehouses, and the term air‑dried sheet is used • This is considered a better grade of rubber • A still better grade, called pale crepe rubber, involves two coagulation steps, followed by warm air drying ©2010 John Wiley & Sons, Inc. M P Groover, Fundamentals of Modern Manufacturing 4/e

Synthetic Rubber • Most synthetic rubbers are produced from petroleum by the same polymerization techniques used to synthesize other polymers • Unlike thermoplastic and thermosetting polymers, which are normally supplied to the fabricator as pellets or liquid resins, synthetic rubbers are supplied to rubber processors in the form of large bales • The rubber industry has a long tradition of handling NR in these unit loads ©2010 John Wiley & Sons, Inc. M P Groover, Fundamentals of Modern Manufacturing 4/e

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Registration now open for 2024 AMAP conference and workshop

Glen Ellyn, IL – Join AMAP for their 2024 Annual Conference & Workshop. This year’s event will be held at the Sheraton Hotel in Salt Lake City, Utah, on October 15-17.

This event is a great opportunity to increase your industry knowledge, network with other industry personnel, learn from industry experts during this workshop, and stay up to date on modified asphalt technologies. The theme for this year’s conference is Technology on the Rise, and AMAP is excited to include speakers who will cover this topic at length.

You also don’t want to miss out on the one-day intensive workshop that will include comprehensive lessons on a variety of industry topics.

If you have any questions, please email [email protected] or call 630-403-6887.

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About the FTC

Our mission is protecting the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement, advocacy, research, and education.

Learn more about the FTC

Meet the Chair

Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021.

Chair Lina M. Khan

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Fact Sheet on FTC’s Proposed Final Noncompete Rule

• Competition
• Office of Policy Planning
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The following outline provides a high-level overview of the FTC’s proposed final rule :

• Specifically, the final rule provides that it is an unfair method of competition—and therefore a violation of Section 5 of the FTC Act—for employers to enter into noncompetes with workers after the effective date.
• Fewer than 1% of workers are estimated to be senior executives under the final rule.
• Specifically, the final rule defines the term “senior executive” to refer to workers earning more than $151,164 annually who are in a “policy-making position.”
• Reduced health care costs: $74-$194 billion in reduced spending on physician services over the next decade.
• New business formation: 2.7% increase in the rate of new firm formation, resulting in over 8,500 additional new businesses created each year.
• This reflects an estimated increase of about 3,000 to 5,000 new patents in the first year noncompetes are banned, rising to about 30,000-53,000 in the tenth year.
• This represents an estimated increase of 11-19% annually over a ten-year period.
• The average worker’s earnings will rise an estimated extra $524 per year. 

The Federal Trade Commission develops policy initiatives on issues that affect competition, consumers, and the U.S. economy. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. Follow the  FTC on social media , read  consumer alerts  and the  business blog , and  sign up to get the latest FTC news and alerts .

Press Release Reference

Contact information, media contact.

Victoria Graham Office of Public Affairs 415-848-5121