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Industry Outlook

The Bureau of Labor Statistics projects that overall employment in the rubber industry will decline by about 7 percent through 2024. One factor limiting career growth in the rubber industry is increased automation in rubber manufacturing facilities. In addition, technological advances are making rubber goods more durable and longer lasting, which may contribute to slowed production. The Rubber Manufacturers Association (RMA) reported that tire shipments were stable in 2015, with 1.72 billion units shipped and sold around the world. Citing consumer caution and ongoing economic uncertainties as the reason for the lackluster growth, the RMA remained optimistic about this key segment of the rubber industry, projecting a slight increase in demand in.

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