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[Oct 2006]
UK Refractory Products Market Development Report Published
After researching the UK Refractory Products Market Development and taking into account various other factors, several major conclusions relating to the industry are being drawn from the recent report from Market & Business Development Ltd (MBD).
Market Review 2002-2006
The UK market for refractory products has demonstrated growth throughout the five-year review period up to 2006, although annual growth levels have fluctuated. The importance of the steel sector to suppliers of refractory products in the UK tends to expose the market to significant economic fluctuations. The market also largely reflects levels of capital expenditure in sectors such as steel, cement, glass and petrochemicals and this, in turn, is influenced by economic conditions. In 2006, UK sales of refractory products are projected to increase by a nominal 3% to £427.2 million. This is in contrast to stronger growth of 8% recorded at the beginning of the review period.Market Forecast 2007-2011
The UK market for refractory products is anticipated to demonstrate growth throughout the five-year forecast period up to 2011, albeit at modest levels. Indeed, annual growth rates are not expected to exceed 1% in real terms. Overall, the refractory market is projected to increase by 3% in real terms between 2006 and 2011. Stronger growth is likely to be hindered by restricted investment levels in key end use industries.The report says the market for refractory products is likely to continue to be influenced by a number of trends, which have already affected the market development. Monolithic products are expected to further gain market share at the expense of the traditional bricks. Furthermore, in terms of volume, the market is expected to continue to decline, as research into raw materials and product design will produce increasingly durable and
lightweight refractory products.Demand for Siliceous Earth Products Expected to Reach £47.5 Million in 2011 (at 2006 Prices):
Sales of siliceous earth products are projected to increase during the majority of the forecast period. In 2011 demand is expected to reach £47.5 million at 2006 prices, representing overall growth of 9% in real terms compared with 2006.Overall Real Term Growth of 17% Estimated for Sales of Constructional Products Containing >50% of MgO, CaO or Cr2O3:
Sales of constructional products containing more than 50% of MgO, CaO or Cr2O3 are also forecast to
demonstrate growth in each year between 2006 and 2011. Overall, demand is anticipated to increase by 17% in real terms. Furthermore the proportional importance of the sector is expected to increase from an estimated 14% in 2006 to 16% in 2011.
Constructional Products With >50% Alumina and/or Silica to Account for 19% of Total Sales in 2011:
Sales of constructional products with more than 50% alumina and/or silica are expected to decline by 4% in
real terms between the current year and 2011. Nonetheless, MBD expects constructional products with more than 50% alumina and/or silica to remain the largest sector in the refractory products market, accounting for a projected 19% of total sales in 2011.Sales of Other Constructional Products Anticipated to Oscillate Around £55.5 Million Throughout Forecast Period:
Sales of other constructional products are expected to remain relatively consistent over the next five years,
oscillating around £55.5 million at 2006 prices. In 2011, the sector is forecast to account for 13% of the refractory products market.Overall Decline of 3% Predicted for Cements, Mortars & Concretes Market:
The market for cements, mortars and concretes is anticipated to decline year on year during the forecast period, culminating in a 3% decline in real terms between 2006 and 2011. The sector is expected to account for 13% of the total refractory products market throughout the five year forecast period.Products With >25% Graphite Expected to Account for 11% of Total Refractory Products Market:
Sales of other products with more than 25% graphite are forecast to fluctuate during the five-year forecast period. Overall, demand is expected to decline by 2% in real terms between 2006 and 2011. In the latter year, the sector is anticipated to account for 11% of the refractory products market.Annualised Increases Forecast for Other Products With >50% Alumina/Alumina & Silica:
Demand for other products containing more than 50% alumina/alumina &silica is expected to increase year on year throughout the forecast period. Overall the sector is projected to increase by 3% between the current year
and 2011.
Sales of Other Refractory Products Anticipated to Reach £28.1 Million in 2011 (at 2006 Prices):
In 2011, sales of other refractory products are forecast to reach £28.1 million at 2006 prices, representing 11% growth in real terms compared with the current year. The sector is expected to continue to represent the smallest sector of the refractory products market, accounting for an anticipated 6% of total sales in 2011.The UK Refractory Products Market Development Report is available from MBD. Price: £550.00
www.mbdltd.co.uk
ENDS