Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

United Kingdom Natural Rubber Market Size

The United Kingdom natural rubber market reached around 281.86 KMT in 2023. The market is projected to grow at a CAGR of 2.7% between 2024 and 2032, reaching almost 358.23 KMT by 2032.

United Kingdom Natural Rubber Market Report Summary Description Value
Base Year KMT 2023
Historical Period KMT 2018-2023
Forecast Period KMT 2024-2032
Market Size 2023 KMT 281.86
Market Size 2032 KMT 358.23
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 2.7%
CAGR 2024-2032 - Market by Region Scotland 2.9%
CAGR 2024-2032 - Market by Region Northern Ireland 2.3%
CAGR 2024-2032 - Market by Type Latex Concentrate 3.2%
CAGR 2024-2032 - Market by End Use Tyres and Related Products 3.7%
2023 Market Share by Region England 76.7%

United Kingdom Natural Rubber Market Outlook

  • 20-25 kg of rubber is required for manufacturing a truck tyre.
  • Devulcanisation is emerging as an important driver of sustainability in the market.
  • The demand for natural rubber footwear is expected to record steady growth over the forecast period.

United Kingdom Natural Rubber Market Growth

By 2027, the demand for natural latex gloves in the healthcare industry globally is expected to cross $65 billion. This is expected to drive market players towards adopting sustainable manufacturing practices for making medical gloves. This includes the use of a special natural rubber latex formulation, which results in 50% savings of time and energy. This mixture excludes the presence of naturally occurring rubber proteins, which do not cause any skin allergies. It also ensures 100% product degradation, which makes it an eco-friendly material for producers and consumers and drives the development of the circular economic model of growth.

The rapid growth of automotive manufacturing in the UK is expected to increase the demand for natural rubber in tyre manufacturing substantially. While rubber constitutes 15% of a typical car tyre, it makes up 30% of an average truck tyre. The special performance characteristics attributed to rubber cannot be replicated by most of the existing elements, which makes it a critical raw material for the automotive industry. According to the Society of Motor Manufacturers and Traders, car production in the UK recorded a monthly growth rate of 21% in January 2024. 29,590 units of hybrid and battery electric vehicles were manufactured in the UK. Over 75% of these shipments were exported to other countries, with overseas shipments witnessing a steady monthly growth. This is expected to contribute to the demand for natural rubber in the UK in the coming years.

United Kingdom Natural Rubber Market

United Kingdom Natural Rubber Industry Segmentation

United Kingdom Natural Rubber Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

CAGR 2024-2032 - Market by Type
Latex Concentrate 3.2%
RSS Grade 2.5%
Solid Block Rubber XX%
Others XX%

Market Breakup by Type

  • RSS Grade
  • Latex Concentrate
  • Solid Block Rubber
  • Others
CAGR 2024-2032 - Market by End Use
Tyres and Related Products 3.7%
Footwear 2.3%
Latex Products XX%
Others XX%

Market Breakup by End Use

  • Tyres and Related Products
  • Latex Products
  • Footwear
  • Others
CAGR 2024-2032 - Market by Region
Scotland 2.9%
Northern Ireland 2.3%
England XX%
Wales XX%

Market Breakup by Region

  • England
  • Wales
  • Scotland
  • Northern Ireland

United Kingdom Natural Rubber Market Share

Based on region, the market is divided into England, Wales, Scotland, and Northern Ireland. Over the forecast period, Scotland is estimated to grow at a CAGR of 2.90% during 2024-2032 as the adoption of electric vehicles surges.

2023 Market Share by Region
England 76.7%
Wales XX%
Scotland XX%
Northern Ireland XX%

Leading Companies in the United Kingdom Natural Rubber Market

Amidst increasing economic uncertainty and supply chain disruptions, United Kingdom-based rubber importers are expected to reduce their reliance on Malaysia for natural rubber and diversify their existing supply chain networks.

  • Sinochem International Corporation
  • WEBER & SCHAER GmbH & Co. KG
  • Thai Hua Rubber Public Company Limited
  • Num Rubber & Latex Co., Ltd.
  • Others

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End Use
  • Region
Breakup by Type
  • RSS Grade 
  • Latex Concentrate
  • Solid Block Rubber
  • Others
Breakup by End Use
  • Tyres and Related Products
  • Latex Products
  • Footwear
  • Others
Breakup by Region
  • England
  • Wales
  • Scotland
  • Northern Ireland
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Sinochem International Corporation
  • WEBER & SCHAER GmbH & Co. KG
  • Thai Hua Rubber Public Company Limited
  • Num Rubber & Latex Co., Ltd.
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market was valued at nearly 281.86 KMT in 2023.

The market is projected to grow at a CAGR of 2.7% between 2024 and 2032.

The market is assessed to witness a healthy growth in the forecast period to reach around 358.23 KMT in 2032.

The different types of natural rubber in the market include RSS grade, latex concentrate, and solid block rubber, among others.

The different end uses of natural rubber include tyres and related products, latex products, and footwear, among others.

The different regions in the market include England, Wales, Scotland, and Northern Ireland.

The key market players are Sinochem International Corporation, WEBER & SCHAER GmbH & Co. KG, Thai Hua Rubber Public Company Limited, and Num Rubber & Latex Co., Ltd., among others.

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