Chemicals in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Chemicals market is segmented into commodity chemicals, specialty chemicals, agriculture chemicals, and others. Market values represent country's consumption of chemical products at the producer's selling price (PSP).
- The South Korean chemicals market recorded revenues of $153.3 billion in 2024, representing a compound annual growth rate (CAGR) of 3.0% between 2019 and 2024.
- The commodity chemicals segment accounted for the market's largest proportion in 2024, with total revenues of $117.1 billion, equivalent to 76.3% of the market's overall value.
- In 2024, South Korea’s chemicals market grew by 5.1%, largely driven by increased GDP, which boosted industrial activity, infrastructure development, and consumer demand. For instance, according to the Bank of Korea, the real GDP growth of South Korea reached 2.1% in 2024 from 1.4% in 2023. This economic expansion led to higher consumption of chemicals across manufacturing, agriculture, and consumer goods sectors.
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
Reasons to Buy
- What was the size of the South Korea chemicals market by value in 2024?
- What will be the size of the South Korea chemicals market in 2029?
- What factors are affecting the strength of competition in the South Korea chemicals market?
- How has the market performed over the last five years?
- How large is South Korea’s chemicals market in relation to its regional counterparts?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- LG Chem Ltd
- Lotte Chemical Corp
- Hanwha Solutions Corp
- SK Innovation Co Ltd
