UK synthetic rubber market is forecast to augment with significant growth during the forecast period. The market in the UK for synthetic rubber is primarily driven by the demand in the automobile sector and due to the demand of medical gloves in the health care sector. The automobile industry in the UK is being supported by the British Tyres Manufacturers Association (BTMA). This organization represents and promotes the valid interests of the tire manufacturing industry and assist in its development in the UK. BTMA’s extensive part and room of activities give it the authority to characterize the industry to customers, the media, government, the EU and other international organizations. As per the Tyre Federation, UK imports over 300 brands of tires from over 45 countries. The other major end-user segment of the synthetic rubber industry is the demand for disposable gloves in the UK. The demand for these gloves has risen in non-medical applications such as food & beverage cleanroom, industrial, as compared to medical applications.

UK synthetic rubber market is divided based on type and end-user. By type, the market is further segmented into Styrene Butadiene Rubber, Polybutadiene Rubber, Ethylene Propylene Rubber, Isoprene Rubber, and others. Styrene-Butadiene rubber is expected to hold the largest market share in the near future. By end-user, the market is further segmented into automobile components, industrial application, footwear, household, and others. Other segments include applications such as electronics, aerospace and so on. By end-user, automobile components will have the largest market share in the country. 

The companies which are contributing significantly in the market include ARLANXEO Holding B.V., Asahi Kasei Corp., Bridgestone Corp., Exxon Mobil Corp., LG Chem, Ltd., Lion Elastomers, LLC, SABIC, The Dow Chemical Co., The Goodyear Tire & Rubber Co., The Michelin Group and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for rubber companies, chemical companies, automotive & auto-ancillary companies, footwear companies, electronics companies, aircraft manufacturing companies, vendors, government organizations, and venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. UK Synthetic Rubber Market Research and Analysis by Type
2. UK Synthetic Rubber Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of UK Synthetic Rubber Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting UK Synthetic Rubber Market.
• Insights about market determinants which are stimulating UK Synthetic Rubber Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.