South Korea Chemicals Market Summary, Competitive Analysis and Forecast to 2028

Key Highlights

• The chemicals market is categorized into commodity chemicals, specialty chemicals, agriculture chemicals, and other. Market values are taken as the country's consumption of chemical products at producer selling price (PSP).
• The South Korean chemicals market had total revenues of $148.3 billion in 2023, representing a compound annual growth rate (CAGR) of -0.1% between 2018 and 2023.
• The commodity chemicals segment accounted for the market's largest proportion in 2023, with total revenues of $112.9 billion, equivalent to 76.1% of the market's overall value.
• The South Korean chemical market witnessed a slow growth owing to Russia’s invasion of Ukraine. For instance, South Korea's real GDP annual growth rate in 2023 was 1.3%, according to GlobalData.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, 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 2023?
• What will be the size of the South Korea chemicals market in 2028?
• What factors are affecting the strength of competition in the South Korea chemicals market?
• How has the market performed over the last five years?
• What are the main segments that make up South Korea's chemicals market?