Chemical sector in the UK – Outlook 2022-23

Protel tracks capex project activity across the main process sectors to help suppliers win new business. In this article we aim to present a quick and easy to digest run-down of the main trends and developments in the UK chemical industry.

Chemical sector: our project coverage

The mood in the UK chemical industry so far is buoyant and the outlook remains positive with around 40% of our bulletins reporting on new facilities.

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Safety & shutdown systems, cooling, emissions monitoring & control as well as gas analysis and effluent treatment top the list of the most required equipment.

Our database contains over 200 chemical project leads worth £15 billion. Browse the list of all the projects we cover.

Top trends in the UK chemical sector

These areas seem to top the trends in the sector:

• Net zero
• Diversification
• Digitisation

Top segments in the UK chemical sector

With 26 projects worth just shy of £2 billion, the petrochemical segment weights the most in our coverage. Some of the main players reported on in our project bulletins include Sabic, Amte Power, Fulcrum, and Ineos. 

• Petrochemical
• Storage
• Mineral-based
• Fuel
• Recycling and metal refining

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Conclusion

Chemical sector capex growth is expected to continue with 2022 likely to be a year of consolidation before a greater future growth in 2023 and beyond. To find out more about the challenges and the opportunities faced by the UK chemical sector, and discover all the projects we report on, get in touch with our team.