Printer Friendly

Flat belt growth expected.

The various sectors of the US flat belt market are expected to register strong growth rates in 1994, says the Rubber Manufacturers Association's Flat Belt Market Analysis Committee.

In the light weight belting sector, the market will expand approximately 8% in 1994 over the level posted in 1993, setting a new industry record. The committee forecasted a compounded annual growth rate for light weight belt of approximately 3.0% through 1999.

Heavy weight belting is expected to grow at a rate of 6% in 1994 over 1993. The strength in heavy industries such as mining, logging and construction has driven a strong expansion in 1994 for the heavy weight sector. Through 1999 the heavy weight sector will grow at an annual compounded rate of 2.5%.

The power transmission flat belt industry is also on track for healthy growth in 1994, according to the committee, with 1994 coming in around 15.0% higher than 1993. Long term growth through 1999 is comparable with the light and heavy sectors, with transmission flat expanding at approximately a 3.0% annually compounded rate.

The committee expressed a different outlook on the "other" flat belt market, with growth in both the near and long term being quite moderate. Annual growth is expected to maintain a level of about 1.0%.
COPYRIGHT 1994 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Rubber Manufacturers Association's Flat Belt Market Analysis Committee
Publication:Rubber World
Article Type:Brief Article
Date:Dec 1, 1994
Previous Article:Specialty elastomers demand to increase 3%.
Next Article:Elastomers and aging.

Related Articles
NR and SR consumption should rise in 1993.
Moderate growth for flat belts predicted.
Rubber use increase of 1.3% predicted.
Flat belt growth continues.
Commodity elastomer demand to pass 9 mmt.
SR use to increase slightly in Europe, Africa and Mid East.
Tire growth pegged at 1.6%.
IRP sales to reach $14.8 billion by 2002.
Little growth predicted for 2007 tire shipments.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters