Market reports, business information and market research - Midnight Croquet. Key Note Industrial Valves

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This report covers: valves, industrial valves, automatic control valves, throttling valves, ball valves, butterfly valves, check valves, non-return valves, reflux valves, cryogenic valves, diaphragm valves, pinch valves, gate valves, globe valves, plug valves, mixing valves, pressure reducing valves, safety relief valves, wafer valves, actuators, food and drink industry, chemicals, oil and gas, water and sewerage, petroleum refining, power generation, nuclear fuel processing, gas supply, mining, marine, balance of trade, pressure equipment directive, PED, specifications, requirements, balanced pistons, omega valve, Mexico market, Singapore market, European market, French market, US market

Companies covered include: British Fluid Power Association, British Valve and Actuator manufacturers Association, Comité Européen de L'Industrie de la Robinetterie, Valve Manufacturers Association of America, Asco Joucomatic, British Engines, Crane Process Flow Technologies, Alfa Laval Saunders, Crane Stockham Valve, Dairy Pipe Lines, DPL, FCX Manufacturing, Westpark, Charles Baynes, Fisher-Rosemount, Xomox, Goodwin International, Guest & Chrimes, Hale Hamilton Holdings, Hattersley Newman Hender, Hopkinsons, IMI Bailey Birkett, Kent introl, Keystone Valve UK, Metso Automation, Orbit Valve Company, Reiss Engineering, Rotork Controls, Severn Glocon Group, Spirax-Sarco Engineering, Truflo Marine Valves, Tyco Valves

The UK market for industrial valves (including actuators and parts for valves) was valued at £785m in 2000, which represents growth of 3.3 percent on 1999.

Industrial valves are used to control liquids, gases and solids slurries in a wide range of industries. The main markets are food processing, chemical and pharmaceutical production, power generation (especially hydro-electric), oil and gas production, water utilities, mining and shipbuilding. Domestic plumbing valves, aerosol-can valves and pneumatic-tyre valves are not included in this report.

Investment in process plant has been poor in recent years, and the industrial valves market, which forms around 12 percent of total process-plant purchases, has suffered as a result. The strength of sterling has also affected the market, especially where German and US companies are tendering for the same contract as the UK.

Imports have risen steadily since 1997, with end users taking advantage of the strong pound. The downturn in the Asian economy has affected the market for valves, with various utility, petrochemical and pharmaceutical projects having been postponed. Investment in the UK oil and gas sector has been at its lowest levels for 20 years.

The apparent UK market is forecast to decline by 2.3 percent in 2001, and to begin to pick up again in 2003. Overall growth of 5.1 percent is projected between 2001 and 2005. Import levels are expected to fall back as sterling values decline, while the export market is projected to grow after 2002, as the Asian countries reinvest in delayed projects.

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KN28021 KEY NOTE INDUSTRIAL VALVES : June 2001