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Press Release: UK Refractory Products Market Development Report

Released: August 2008

After researching the UK refractory products market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

Market Review 2003-2007:

MBD believe the value of the UK market for refractory products declined marginally to £379.3 million in 2007. Except for a 7% increase in 2003, sales declined throughout the review period, culminating in an overall decline of 6% between 2003 and 2007. MBD believe the fall in sales reflects a number of factors, including increases in raw material prices and technological developments which have increased the durability of refractories. Restricted levels of capital expenditure in a number of enduse industries have also exerted a downward pressure on the refractory products market.

Market Forecast 2008-2012:

The UK market for refractory products is anticipated to decline in real terms during much of the forecast period with the exception of a 1% increase in 2010. Annual levels of decline are expected to remain relatively moderate at between 1% and 2%. Overall, the value of the market is projected to contract by 4% in real terms between 2007 and 2012.

Note to Editors:

MBD 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.

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