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Inorganic Basic Chemical Manufacturing in the UK - Industry Market Research Report

Inorganic basic chemical manufacturing market in the United Kingdom to grow 2.6% CAGR between 2014-19


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2014-01-22 09:16:03 - Inorganic Basic Chemical Manufacturing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com

The Inorganic Basic Chemical Manufacturing industry plays an important role in the UK chemical sector, producing a number of intermediate products used as basic chemicals in either industrial processes or manufacturing products. Such products include colloidal precious metals (e.g. silver nitrate), chlor-alkali products, sodium cyanide, caustic soda and soda ash.

Reflecting the cyclical and global nature of the chemical sector, industry growth rates have fluctuated during the past five years. The economic downturn led to declines in the level of industrial production, hurting downstream markets and leading to a sharp decline in industry revenue in 2009-10. After this, demand from export markets rose strongly as the pound depreciated, making products cheaper for overseas customers. Higher prices also more than offset subdued

 

 

domestic sales volumes for much of the period. In 2013-14, the industry is forecast to generate £2.5 billion in revenue following compound annual growth of 2.1% over the past five years. The industry is expected to grow by 3.9% in 2013-14.

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