CLEVELAND (Aug. 1)—Sales of industrial rubber products in the U.S. are forecast to grow 5.3 percent a year through 2006 to $18.4 billion as demand for durable goods strengthens, according to market research firm Freedonia Group Inc. Also driving growth will be the need for replacement components for equipment, machinery and vehicles bought during the buoyant economy of the 1990s, Freedonia said. The 2001-06 growth will outpace the 3.3-percent annual growth tracked from 1996-2001, Freedonia said. Demand for rubber components for industrial machinery and equipment will lead the growth categories, rising 7.2 percent a year, elevating the sector to near equal status with rubber parts for motor vehicles.
Industrial rubber products forecast to grow 5.3% annually
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