U.S. Plastic, Rubber Product-Makers Expand Amid Rising Demand

April 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. market for plastic and rubber products never stops growing, particularly in booming industrial sectors like lithium-ion battery manufacturing, construction products, and automotive and medical materials.

Industrial Info is tracking about $1.3 billion worth of projects in the plastic and rubber product-manufacturing sector that are set to begin construction through the end of June, more than half of which is attributed to grassroot projects and plant expansions. Companies involved include United Safety Technology Incorporated, Profile Films, Donghee, Hyundai, Kia, aluplast GmbH, Agilyx ASA, Exxon Mobil Corporation (NYSE:XOM) and LyondellBasell (NYSE:LYB).