Auto, Packaging Markets Drive U.S. Plastic, Rubber Product Growth

September 28, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Much like its malleable output, the U.S. plastic and rubber product market is constantly adapting to whatever changes emerge in the other industrial sectors it services. Lately, technological change in the automotive and logistics markets have forced plastic and rubber product developers to be more creative in their efforts.

Industrial Info is tracking more than $3.8 billion worth of active and planned plastic and rubber product-manufacturing projects across the U.S. that are expected to see development from October through December. More than 40% of the total investment in these projects is attributed a single tire-manufacturing project from Hankook Tire & Technology Company Limited.

Other companies featured: Tin Thanh Group, Semcorp Global Limited, Donghee Industrial Company Limited and Spal Automotive ASA.