Chemicals in South Korea - Market Summary, Competitive Analysis and Forecast to 2025

Chemicals in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The chemicals market consists of speciality chemicals, commodity chemicals, agricultural chemicals, and other chemicals (which include products such as pharmaceutical chemicals).
The South Korean chemicals market had total revenues of $71.6bn in 2020, representing a compound annual rate of change (CARC) of -2.3% between 2016 and 2020.
The commodity chemicals segment was the market's most lucrative in 2020, with total revenues of $52.5bn, equivalent to 73.3% of the market's overall value.
Petrochemicals have traditionally dominated South Korea’s chemicals market, with as much as 70% of total chemical revenues generated from the segment.

Scope

Save time carrying out entry-level research by identifying the size, growth, and leading players in the chemicals market in South Korea
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the chemicals market in South Korea
Leading company profiles reveal details of key chemicals market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the South Korea chemicals market with five year forecasts by both value and volume

Reasons to Buy

What was the size of the South Korea chemicals market by value in 2020?
What will be the size of the South Korea chemicals market in 2025?
What factors are affecting the strength of competition in the South Korea chemicals market?
How has the market performed over the last five years?
Who are the top competitiors in South Korea's chemicals market?

Frequently Asked Questions about the Chemicals Market in South Korea

What is the estimated value of the Chemicals Market in South Korea?

The Chemicals Market in South Korea was estimated to be valued at $71.62 Billion in 2020.

What is the growth rate of the Chemicals Market in South Korea?

The growth rate of the Chemicals Market in South Korea is 3.7%, with an estimated value of $85.96 Billion by 2025.

What is the forecasted size of the Chemicals Market in South Korea?

The Chemicals Market in South Korea is estimated to be worth $85.96 Billion by 2025.

Who are the key companies in the Chemicals Market in South Korea?

Key companies in the Chemicals Market in South Korea include BASF SE, LG Chem Ltd, Lotte Chemical Corp and SK Chemicals Co., Ltd..

Report Attribute	Details
No. of Pages	45
Published	June 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 71.62 Billion
Forecasted Market Value ( USD ) by 2025	$ 85.96 Billion
Compound Annual Growth Rate	3.7%
Regions Covered	South Korea

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive Landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?
7.2. What have been the most significant mergers and acquisitions over the last year?
7.3. What strategies do the leading players follow?
7.4. What impact is the COVID-19 pandemic having on market players?

8 Company Profiles

8.1. BASF SE
8.2. LG Chem Ltd
8.3. Lotte Chemical Corp
8.4. SK Chemicals Co., Ltd.

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Author

List of Tables

Table 1: South Korea chemicals market value: $ billion, 2016-20
Table 2: South Korea chemicals market category segmentation: $ billion, 2020
Table 3: South Korea chemicals market geography segmentation: $ billion, 2020
Table 4: South Korea chemicals market value forecast: $ billion, 2020-25
Table 5: BASF SE: key facts
Table 6: BASF SE: Annual Financial Ratios
Table 7: BASF SE: Key Employees
Table 8: LG Chem Ltd: key facts
Table 9: LG Chem Ltd: Annual Financial Ratios
Table 10: LG Chem Ltd: Key Employees
Table 11: Lotte Chemical Corp: key facts
Table 12: Lotte Chemical Corp: Annual Financial Ratios
Table 13: Lotte Chemical Corp: Key Employees
Table 14: SK Chemicals Co., Ltd.: key facts
Table 15: SK Chemicals Co., Ltd.: Annual Financial Ratios
Table 16: SK Chemicals Co., Ltd.: Key Employees
Table 17: South Korea size of population (million), 2016-20
Table 18: South Korea gdp (constant 2005 prices, $ billion), 2016-20
Table 19: South Korea gdp (current prices, $ billion), 2016-20
Table 20: South Korea inflation, 2016-20
Table 21: South Korea consumer price index (absolute), 2016-20
Table 22: South Korea exchange rate, 2016-20

List of Figures

Figure 1: South Korea chemicals market value: $ billion, 2016-20
Figure 2: South Korea chemicals market category segmentation: % share, by value, 2020
Figure 3: South Korea chemicals market geography segmentation: % share, by value, 2020
Figure 4: South Korea chemicals market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the chemicals market in South Korea, 2020
Figure 6: Drivers of buyer power in the chemicals market in South Korea, 2020
Figure 7: Drivers of supplier power in the chemicals market in South Korea, 2020
Figure 8: Factors influencing the likelihood of new entrants in the chemicals market in South Korea, 2020
Figure 9: Factors influencing the threat of substitutes in the chemicals market in South Korea, 2020
Figure 10: Drivers of degree of rivalry in the chemicals market in South Korea, 2020