South Korea Low Profile Additives Market Size & Outlook
South Korea low profile additives market, 2018-2030 (US$M)
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South Korea low profile additives market highlights
- The South Korea low profile additives market generated a revenue of USD 36.4 million in 2023 and is expected to reach USD 65.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, polyvinyl acetate (pvac) was the largest revenue generating product in 2023.
- Polyvinyl Acetate (PVAc) is the most lucrative product segment registering the fastest growth during the forecast period.
Low profile additives market data book summary
| Market revenue in 2023 | USD 36.4 million |
| Market revenue in 2030 | USD 65.6 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Polyvinyl acetate (pvac) |
| Fastest growing segment | Polyvinyl Acetate (PVAc) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyvinyl Acetate (PVAc), Polymethyl methacrylate (PMMA), Polystyrene, Polyurethane, High Density Polyethylene |
| Key market players worldwide | Wacker Chemie AG, INEOS, Perfect Moment Ltd, Basf SE, Altana AI, Polychem Corporation, LyondellBasell Industries NV Class A, Imax Corp, Synthomer PLC, Advantagewon Oil Corp, NOF Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 5.2% of the global low profile additives market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China low profile additives market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 247.4 million by 2030.
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Low Profile Additives Market Scope
Low Profile Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea low profile additives 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 low profile additives market will help companies and investors design strategic landscapes.
Polyvinyl acetate (pvac) was the largest segment with a revenue share of 38.19% in 2023. Horizon Databook has segmented the South Korea low profile additives market based on polyvinyl acetate (pvac), polymethyl methacrylate (pmma), polystyrene, polyurethane, high density polyethylene covering the revenue growth of each sub-segment from 2018 to 2030.
Low profile additives in South Korea are mainly used in the automotive industry. The free trade agreements of the country play an important role in augmenting the growth of the automotive industry in South Korea. The plastics industry in South Korea is highly competitive across the world.
This is one of the major reasons for the growth of low profile additives market in the country. However, new investments in energy resources, the adoption of high-value-added products, and the development of core environment-friendly technologies are required in South Korea to compete with other advanced chemical economies in Asia Pacific, including China and India.
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Our clientele includes a mix of low profile additives 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 low profile additives market , including forecasts for subscribers. This country databook contains high-level insights into South Korea low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea low profile additives market size, by product, 2018-2030 (US$M)
South Korea Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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