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Article: IRP sales to reach $14.8 billion by 2002.
- Article from:
- Rubber World
- Article date:
- December 1, 1998
CopyrightCOPYRIGHT 1998 Lippincott & Peto, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sales of industrial rubber products in the U.S. are forecast to increase 5.3% annually to $14.8 billion in the year 2002, according to a new study by The Freedonia Group, Inc.
Growth will decelerate from its strong 1992-1997 pace, particularly at the original equipment manufacturer (OME) level. Stronger gains are forecast for the repair and replacement sectors of the relevant markets due to a general conservatism both in industrial/commercial and consumer spending as the overall economy slows. While motor vehicles will remain the largest market, the aerospace, industrial machinery and construction market segments will experience the most rapid gains, according to ...