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 |
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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 2023. 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 2018 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.
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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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