Base Year
Historical Year
Forecast Year
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% |
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 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
| 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
| CAGR 2024-2032 - Market by | Region |
| Scotland | 2.9% |
| Northern Ireland | 2.3% |
| England | XX% |
| Wales | XX% |
Market Breakup by Region
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% |
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.
| 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:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| Companies Covered |
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*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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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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Australia
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India
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United States (Head Office)
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Vietnam
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+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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