Industry Analysis & Industry Trends
As with numerous manufacturing industries in Australia, the Natural Rubber Product Manufacturing industry is facing stiff competition from imports. Local manufacturers are finding it increasingly difficult to compete on prices, much to the industry’s detriment. In addition, demand from major markets such as the Motor Vehicle Manufacturing industry is weakening and is therefore unable to offer much respite. Industry revenue is estimated to increase at an annualised 0.2% over the five years through 2014-15. Growth has been relatively weak due to a strong rebound in 2009-10, after the financial crisis. Industry revenue is expected to grow by 3.5% to $925.3... purchase to read more
Industry Report - Industry Products Chapter
The fortunes of the industry's product segments are highly dependent on the changes in demand from downstream industries. Over the past five years, products that have been sold to growing sectors such as mining and construction have gained industry revenue share. Meanwhile, products that have been sold to declining industries, including many in the manufacturing sectors, have been losing share.
Sponge and foam rubber
Sponge and foam rubber is the largest industry product segment, accounting for 31.1% of revenue in 2014-15. The industry's customised sponge and foam rubber products are used in the construction of household furnishings, automotive upholsteries and pillows... purchase to read more