South Korea Injection Molded Plastic Market Size & Outlook
South Korea injection molded plastic market, 2019-2030 (US$M)
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South Korea injection molded plastic market highlights
- The South Korea injection molded plastic market generated a revenue of USD 7,335.8 million in 2023 and is expected to reach USD 11,326.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating raw material in 2023.
- Polypropylene is the most lucrative raw material segment registering the fastest growth during the forecast period.
Injection molded plastic market data book summary
| Market revenue in 2023 | USD 7,335.8 million |
| Market revenue in 2030 | USD 11,326.2 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene, Acrylonitrile butadiene styrene, High-density polyethylene, Polystyrene, Other Raw Materials |
| Key market players worldwide | Exxon Mobil Corp, Basf SE, DuPont de Nemours Inc, Dow Inc, Huntsman Corp, Eastman Chemical Co, INEOS, LyondellBasell Industries NV Class A, SABIC, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, HTI Plastics, AptarGroup Inc, The Rodon Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global injection molded plastic market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China injection molded plastic market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,326.2 million by 2030.
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Injection Molded Plastic Market Scope
Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea injection molded plastic 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 injection molded plastic market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 34.42% in 2023. Horizon Databook has segmented the South Korea injection molded plastic market based on polypropylene, acrylonitrile butadiene styrene, high-density polyethylene, polystyrene, other raw materials covering the revenue growth of each sub-segment from 2019 to 2030.
South Korea injection molded plastic market is expected to witness growth owing to the presence of leading electrical & electronics manufacturers including LG Electronics, POSCO, Samsung Electronics, and Hyundai Mobis. Good manufacturing practices and utilization of technology in electronics industry in South Korea are anticipated to promote electrical & electronics production.
In addition, high penetration of PPS manufacturers in South Korea and their strategic partnerships with OEMs are expected to have a positive impact on the market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea injection molded plastic market , including forecasts for subscribers. This country databook contains high-level insights into South Korea injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea injection molded plastic market outlook size, by raw material, 2019-2030 (US$M)
South Korea Injection Molded Plastic Market Outlook Share, 2023 & 2030 (US$M)
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