United Kingdom (UK) Synthetic Rubber Market Overview, 2028

United Kingdom (UK) Synthetic Rubber Market Overview, 2028

The United Kingdom has a history of involvement in the synthetic rubber industry, though it may not be as prominent as some other countries with larger chemical and manufacturing sectors. The production and use of synthetic rubber in the UK have been influenced by various factors, including industrial needs, research and development, and sustainability initiatives. The UK synthetic rubber industry is supported by a number of government agencies and industry associations. The Department for Business, Energy & Industrial Strategy (BEIS) provides funding for research and development, and advice on export and trade. Innovate UK provides funding and support to businesses to help them develop and commercialize new products and technologies. The High Value Manufacturing Catapult (HVMC) works with businesses to develop and commercialize new manufacturing technologies. The British Standards Institution (BSI) develops and publishes standards for a wide range of products and services, including synthetic rubbers. The British Rubber Manufacturers' Association (BRMA) represents the UK rubber industry as a whole, including both natural and synthetic rubber producers. The synthetic rubber market in the United Kingdom was influenced by the demand from various industries, including automotive, construction, and manufacturing. The market had shown steady growth, in line with the overall industrial and economic trends in the country

According to the research report ""United Kingdom Synthetic Rubber Market Overview, 2028,"" published by Bonafide Research, the market is expected to reach approximately USD 1.80 Billion by 2028. A number of causes are contributing to the considerable rise of the synthetic rubber market in the United Kingdom. The synthetic rubber sector has seen new advances as a result of this growth, which has been spearheaded by research and development projects. In order to meet the changing demands of several industries, British businesses have been actively involved in developing novel rubber formulations and compounds. To enhance durability and fuel efficiency, UK-based companies have produced new tyre technologies in response to the growing demand for high-performance tyres in the automobile sector. Further, in line with the worldwide trend toward environmentally friendly solutions, bio-based and recycled synthetic rubber materials have been introduced as a result of a greater emphasis on sustainability. Synthetic rubber is used in a wide range of medical devices, including catheters, stents, and implants. The growing demand for medical devices is driving the demand for synthetic rubber in the UK medical industry. Also there is a growing demand for high-performance synthetic rubber products that offer superior properties such as durability, heat resistance, and oil resistance. This is being driven by the increasing demand for high-performance products in industries such as automotive and aerospace.

The synthetic rubber market is notably segmented based on the form of synthetic rubbers into two major categories: solid and liquid. Both of these forms play a vital role in the industry, and they collectively hold significant market shares. Solid synthetic rubbers have been traditionally predominant in various applications. These rubbers are typically processed and molded into various shapes and forms, such as sheets, rolls, pellets, or molded parts. Solid synthetic rubbers offer a wide range of properties, including excellent elasticity, durability, heat resistance, and chemical resistance. The versatility and adaptability of solid synthetic rubbers make them indispensable across numerous sectors. On the other hand, liquid synthetic rubbers, as mentioned earlier, are a distinct category with their own set of advantages and applications. Liquid rubbers are typically used for applications where conformability and seamless coatings are required. They are often applied as sealants, adhesives, or coatings in construction, automotive, aerospace, and various specialized industries. Liquid synthetic rubbers provide flexibility, ease of application, and the ability to create a protective, continuous layer on various surfaces, making them particularly valuable in applications where sealing or encapsulation is necessary.

The market is divided into several segments based on the type of rubber used, including butyl rubber, nitrile rubber, ethylene propylenediene rubber, polyisoprene rubber, styrene butadiene rubber, and others. Polybutadiene Rubber is the most often used synthetic rubber. As Polybutadiene rubber is highly resilient and has excellent abrasion resistance. It remains flexible at low temperatures and offers good tensile strength. It is primarily used in tire production, where it improves tread wear and rolling resistance. It is also used in golf balls, shoe soles, and mechanical parts. Along with this, the main synthetic rubbers used in the United Kingdom for tires are butadiene rubber and styrene butadiene rubber (SBR). SBR is easily processed, resistant to abrasion, and offers heat aging. It's used mainly for the production of car tires. Ethylene Propylene Diene Rubber (EPDM) is commonly used in the automotive industry for sealing components, roofing membranes, and outdoor electrical insulation due to its resistance to environmental factors. The market is further segmented based on the End-users of synthetic rubbers into automotive, consumer goods, industrial goods, chemical, medical, pulp & paper, and others. Because synthetic rubber is used so extensively in the production of tires, the automotive industry does in reality consume a large portion of synthetic rubber. Tire manufacture is based mostly on synthetic rubber compounds, such as ethylene-propylene-diene monomer (EPDM), polybutadiene, and styrene-butadiene rubber (SBR). Additionally, a variety of automobile parts like belts, hoses, gaskets, and seals rely on synthetic rubbers to function properly. Synthetic rubbers are used extensively in a number of other industries than the automotive one. They work on the production of athletic goods, footwear, and different molded products in the consumer goods market. Synthetic rubber materials are employed in the medical field due to their biocompatibility and sterilizability. Medical gloves, tubing, seals, and gaskets are commonly made from synthetic rubbers, ensuring hygiene, safety, and durability in various healthcare settings. These materials are essential for maintaining aseptic conditions and facilitating medical procedures.

Considered in this report:
•Geography: United Kingdom
•Historic year: 2017
•Base year: 2022
•Estimated year: 2023
•Forecast year: 2028

Aspects covered in this report:
•United Kingdom Synthetic Rubber market with its value and forecast along with its segments
•Various drivers and challenges
•On-going trends and developments
•Top profiled companies
•Strategic recommendation

By Form Type:
•Solid
•Liquid

By Type:
•Styrene Butadiene Rubber
•Polybutadiene Rubber
•Ethylene Propylenediene Rubber
•Polyisoprene Rubber
•Neoprene Rubber
•Nitrile Rubber
•Butyl Rubber
•Others

By End User Industry:
•Automotive
•Consumer Goods
•Industrial Goods
•Chemical
•Medical
•Pulp & Paper
•Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Synthetic Rubber industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.