South Korea Chemical Distribution Market Size & Outlook
South Korea chemical distribution market, 2017-2030 (US$M)
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South Korea chemical distribution market highlights
- The South Korea chemical distribution market generated a revenue of USD 19,197.3 million in 2022 and is expected to reach USD 30,213.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.8% from 2023 to 2030.
- In terms of segment, commodity chemicals was the largest revenue generating type in 2022.
- Specialty Chemicals is the most lucrative type segment registering the fastest growth during the forecast period.
Chemical distribution market data book summary
| Market revenue in 2022 | USD 19,197.3 million |
| Market revenue in 2030 | USD 30,213.2 million |
| Growth rate | 5.8% (CAGR from 2022 to 2030) |
| Largest segment | Commodity chemicals |
| Fastest growing segment | Specialty Chemicals |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Specialty Chemicals, Commodity Chemicals |
| Key market players worldwide | Apollo Global Management Inc Class A, Helm AG, Brenntag Biosector, Teradyne Inc, Azelis Group NV, Ashland Inc, IMCD NV, Biesterfeld, Reda |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.9% of the global chemical distribution market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China chemical distribution market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 46,456.2 million by 2030.
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Chemical Distribution Market Scope
Chemical Distribution Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea chemical distribution market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chemical distribution market will help companies and investors design strategic landscapes.
Commodity chemicals was the largest segment with a revenue share of 60.98% in 2022. Horizon Databook has segmented the South Korea chemical distribution market based on specialty chemicals, commodity chemicals covering the revenue growth of each sub-segment from 2017 to 2030.
China, followed by Japan, Taiwan, the U.S, and Vietnam are the major export markets for chemicals produced in Korea. Key chemical manufacturers such as BASE SE and Evonik, among others, have at least one production plant in the country.
Moreover, the availability of cheap labor and raw materials and the government’s push to develop the country’s chemicals industry are likely to attract more chemical manufacturers to set up their production plants in the country.
This is likely to positively impact the growth of the chemical distribution market over the forecast period. Some of the major chemical distributors in South Korea are Aco Korea Ltd, Adams Specialties, A-Jin International, Azelis, Ausko Trading Company Limited, Chemical-Land Trading Co., Ltd, Chemrich Corp., and Chunyang Tech Ltd.
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Our clientele includes a mix of chemical distribution market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea chemical distribution market , including forecasts for subscribers. This country databook contains high-level insights into South Korea chemical distribution market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea chemical distribution market size, by type, 2017-2030 (US$M)
South Korea Chemical Distribution Market Outlook Share, 2022 & 2030 (US$M)
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