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Article: IRP sales to grow 5.3% annually. (Market Focus).(industrial rubber products)(Brief Article)(Statistical Data Included)
- Article from:
- Rubber World
- Article date:
- September 1, 2002
CopyrightCOPYRIGHT 2002 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% per year to $18.4 billion in 2006, according to a new study by The Freedonia Group. Freedonia says gains will be driven primarily by a stronger outlook for durable goods production after a relatively weak performance in 2001. In addition, the industrial rubber products aftermarket will be aided by an aging stock of equipment, machinery and vehicles purchased during the economic expansion of the 1990s.
In 2006, OEM applications will account for a slightly expanded 65% of total demand, encompassing industrial rubber goods used in the assembly of major durable goods, as well as the initial ...