The sector has been steadily redefining production possibilities. Technological innovation has made it possible to extract fossil fuels that weren’t accessible just a decade or two ago. Gas from shale and oil from oilsands—these are resources that were considered too difficult or expensive to access in the past, but they’re now transforming the marketplace.
Creating useful chemicals from naturally occurring petrochemical hydrocarbon sources, the petrochemical industry provides manufacturing industries with what they need to supply us all with vital products. Chemicals derived from petroleum or natural gas – petrochemicals – are an essential part of the chemical industry today. Petrochemistry is a fairly young industry; it only started to grow in the 1940s but demand for these chemicals is always increasing, and in 2014 the market was valued at $514.5...
While not a major concern within the borders of the UK any longer, mining and metallurgy is still a major international endeavor as population growth and manufacturing industries place further demands on the Earth’s natural resources.
The water industry provides drinking water and wastewater services (including sewage treatment) to residential, commercial, and industrial sectors of the economy. The water industry includes manufacturers and suppliers of bottled water. Water privatization by companies in the water industry is becoming an issue as water security threatens local communities.
Demand remains strong in established and emerging economies, while steel production has been dominated by China, accounting for half of the global market. It is the largest and fastest growing producer and consumer of steel and it will retain its leading position throughout the forecast period.
The global paper industry experienced stable growth during the last five years and is expected to continue its growth momentum, reaching approximately US $256 billion in 2017. Hundreds of millions of tonnes are produced annually across the globe, and our valves prove a vital component in the safe and controlled manufacture process.
Defence budgets in the US, United Kingdom, France, Japan, several Middle Eastern countries, and other nations are increasing at a time when national security threats are being heightened. Global revenues in the defence subsector are expected to return to growth in 2016, as governments equip their armed forces with modern defense weapons platforms and next-generation technologies, including cyber, intelligence gathering, defense electronics, and precision strike capabilities.
Thirty countries currently use nuclear power and about the same number are considering, planning or actively working to include it as part of their energy mix. We’re proud to be involved in a number of high-profile nuclear power projects, at home and abroad. Our valves have the zero-leakage and high integrity properties required in such demanding installations.