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[May 2004]
Report on UK Refractory Products Market
After researching the UK Refractory Products Market Development and taking into account various other factors, these are some of the major conclusions to be drawn from this latest report from Market & Business Development Ltd (Manchester, England).
Market Review 1999-2003
The UK market for refractory products increased during each year, with the exception of a 7% decline in 1999. Sales increased by an estimated 27% in nominal terms in the period, taking the value to 395 million in 2003.
The sector for siliceous earth products - markets including bricks, blocks, slaps, panels, tiles, hollow bricks, cylinder shells and pipes - represents a high volume, low value sector. This sector increased by 64% to 31.4 million in 2003.
With the exception of a 15% decline in 1999, the market size for constructional products with more than 50% MgO, CaO or CR2O3 is believed to have increased during the review period. The value of the market reached an estimated 46.1 million in 2003, representing overall significant growth of 158%.
Demand for constructional products with more than 50% alumina and/or silica declined to a review period low of 74.2 million in 2000. However, sales increased in subsequent years, peaking at an estimated 91.1 million in 2003, representing a nominal 14% increase compared with 1999.
Market Forecast 2004-2008
The market is expected to fluctuate in the forecast period, albeit at moderate levels. MBD expects sales of refractory products to decline during the first half of the period, to a low of 383.3 million in 2005. However, sales are expected to increase in subsequent years, reaching 393.5 million in 2008, representing an overall increase of 1% in real terms.
Within the forecast period, demand for siliceous earth products is expected to fluctuate. Sales are forecast to reach 38.2 million in 2008, representing an overall increase of 3%.
The market for constructional products containing more than 50% of MgO, CaO or C2O3 is also expected to be somewhat erratic, although between 2004 and 2008 a 4% decline is expected.
Demand for cements, mortars and concretes is expected to decline during the majority of the forecast period, with the exception of a 5% increase in 2004. Between 2004 and 2008 sales are expected to decline by 8% in real terms, reaching 66.1 million in 2008.
The report costs 550 and is available from MBD. E-mail: traceywallbank@mbdltd.co.uk
ENDS