PRESS RELEASE BY MBD...

UK PROCESS PLANT MARKET RESEARCH REPORT

RELEASED: MARCH 2008

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

MARKET REVIEW 2002/03-2006/07:

In 2006/07, total process plant expenditure increased by an estimated 8% to £8180 million consolidating the trend for growth evident prior to that. Indeed, with the exception of a marginal decline in 2004/05, spending increased year on year during the five year review period ending 2006/07 by a cumulative 20%.

MARKET FORECAST 2007/08-2011/12:

During the five year forecast period ending 2011/12, the chemicals industry is projected to continue to account for the single largest share of total process plant expenditure, representing between 28% and 30% of total spending. The second largest sector is anticipated to be the food and drinks industry accounting for 23%-24% of total process plant expenditure. Nuclear fuel is anticipated to remain the smallest sector in the UK process plant industry throughout the forecast period. Only two sectors are forecast to decline overall between 2007/08 and 2011/12, namely water and nuclear fuel.

NOTE TO EDITORS:

Market & Business Development Ltd specialises in business to business market research. The range of reports and industries in which we operate in 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 Process Plant Market Research Report

MBD WELCOMES PRESS ENQUIRIES:

Press releases on the latest MBD market research reports can be sent to editors and journalists involved in trade magazines.

Full press releases are available, please email your request, along with the magazine title you are writing for, to pressoffice@mbdltd.co.uk.