The forecasted sold production of unvulcanised rubber compounded with carbon black or silica in the UK shows a declining trend, starting at 143.48 million Euros in 2024 and decreasing to 135.54 million Euros by 2028. This represents a compound annual growth rate (CAGR) of approximately -1.42% over the five-year period. Year-on-year, the production value is expected to decline by about 1.43% from 2024 to 2025, followed by a decrease of 1.41% from 2025 to 2026, and a further 1.41% and 1.40% in the subsequent years.
Future trends to watch for:
- Technological advancements in rubber compounding might influence production efficiency and costs.
- The impact of regulatory changes and environmental policies could affect production methods.
- Fluctuations in the automotive and construction industries, which are major consumers, can lead to shifts in demand.