In 2023, the UK sold production of unvulcanised rubber compounded with carbon black or silica stood at 51 million kilograms. Forecast data from 2024 to 2028 suggests a steady increase in production volume, ranging annually from 51.903 million kilograms in 2024 to 55.057 million kilograms in 2028. Year-on-year, this represents an approximate growth rate of 1.6% to 1.7%. The Compound Annual Growth Rate (CAGR) for 2024-2028 is expected to be around 1.6%.
Future trends to watch for include:
- Technological advancements in rubber compounding that could raise efficiency and production capacity.
- Supply chain adjustments post-Brexit, influencing costs and output rates.
- Shifts in demand due to evolving automotive and industrial sectors focusing on sustainability and innovation.