Industrial Goods

Industrial Goods – Industrial goods are materials and or supplies that are purchased and utilized by other businesses or industries.  Generally industrial goods are raw materials for use in the production of parts and component parts such as plastics and steel for the automotive business for instance.  However, equipment, machinery, and specialized tools and instruments used in the making of parts can also be classified as industrial goods.  Other examples are cotton for the clothing industry, vinyl and wood for the housing industry, and miscellaneous chemicals for fertilizers and even the pharmaceutical industry.