South Korea Chemical Distribution Market Size & Outlook

The chemical distribution market in South Korea is expected to reach a projected revenue of US$ 34,023.4 million by 2030. A compound annual growth rate of 7.2% is expected of South Korea chemical distribution market from 2024 to 2030.
Revenue, 2023 (US$M)
$20,891.9
Forecast, 2030 (US$M)
$34,023.4
CAGR, 2024 - 2030
7.2%
Report Coverage
South Korea

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 2022USD 19,197.3 million
Market revenue in 2030USD 30,213.2 million
Growth rate5.8% (CAGR from 2022 to 2030)
Largest segmentCommodity chemicals
Fastest growing segmentSpecialty Chemicals
Historical data2017 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSpecialty Chemicals, Commodity Chemicals
Key market players worldwideApollo 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 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 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.

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Target buyers of South Korea chemical distribution market databook

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

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South Korea chemical distribution market size, by type, 2018-2030 (US$M)

South Korea Chemical Distribution Market Outlook Share, 2023 & 2030 (US$M)

South Korea chemical distribution market size, by type, 2018-2030 (US$M)

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