Rubber Automotive Parts in the US (October 2013)

27 pages. Automotive rubber parts form the largest share of the rubber product manufacturing industry's revenue in the US accounting for 28.5% of the industry's revenue in 2012. The high raw material component (natural and synthetic rubbers) makes the local industry very sensitive to the level of raw material prices. The rising rubber prices is due to growing demand for automobiles in China and India which translates into increased demand for automotive parts. The hikes in rubber prices have hurt profitability for local players that are unable to pass the additional costs along to customers.