Market & Customer Insight (MCi) Ltd

Press Release: UK Industrial Gases Market Development Report

Released: August 2010
Published by Market & Customer Insight (MCi)

After researching the UK industrial gases market development and taking into account various other factors the following conclusions can be drawn from this MBD report:

Market Review 2006-2010:

The UK market for industrial gases declined by 4% in 2009, which is projected to be followed by a further 1% decline in 2010, taking the value of the market to £758.7 million. This is largely a reflection of the adverse economic conditions, affecting a number of key enduse industries. This is in contrast to modest growth of 1% recorded between 2006 and 2008. A stronger development in the market is believed to have been hindered due to the effects of the rising energy and manufacturing costs and environmental constraints.

Market Forecast 2011-2014:

The UK market for industrial gases is projected to expand between 2011 and 2015, albeit at modest annual growth rates. Indeed, UK apparent consumption is anticipated to increase by just a marginal level in 2011, partially reflecting the adverse effects of the current economic climate. This is forecast to be followed by slightly stronger annual growth of between 1% and 2% in real terms in the following three years. In 2015, the value of the industrial gases market is expected to reach £791 million (at 2010 prices), equivalent to overall real term growth of 4% compared with the current year. Growth is anticipated to be hindered by a number of factors including the sluggish economic recovery, the high energy and manufacturing costs and environmental restrictions.

Note to Editors:

MCi specialises in business to business market research. The range of reports and industries in which we operate in is constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.

Click here for full details of the UK Industrial Gases Market Research Report

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