In the December 2018 issue of Hose + Coupling World, Robert McIlvaine, president of the McIlvaine Company, writes how the most rapidly growing market for the hose and coupling industry is biopharmaceuticals.
He explains, “This industry generated revenues of over $200 billion in 2017. Growth of over 10% per year is anticipated for the next 5 years. The U.S. market share is now 40% of the total but will decrease slightly over the next 5 years. However, the growth in the U.S. is likely to be above 8%. The present U.S. market for biopharmaceutical hose & couplings is in excess of $100 million per year.”
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