South Korea Polyolefin Market Size & Outlook, 2023-2030
South Korea polyolefin market, 2018-2030 (US$M)
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South Korea polyolefin market highlights
- The South Korea polyolefin market generated a revenue of USD 13,264.2 million in 2023 and is expected to reach USD 19,208.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, polyethylene (pe) was the largest revenue generating product in 2023.
- Ethylene-Vinyl Acetate (EVA) is the most lucrative product segment registering the fastest growth during the forecast period.
Polyolefin market data book summary
| Market revenue in 2023 | USD 13,264.2 million |
| Market revenue in 2030 | USD 19,208.0 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene (pe) |
| Fastest growing segment | Ethylene-Vinyl Acetate (EVA) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Ethylene-Vinyl Acetate (EVA), Thermoplastic Polyolefins (TPOs), Polyoxymethylene (POM), Polycarbonate (PC), Polymethyl Methacrylate (PMMA) |
| Key market players worldwide | China Petroleum & Chemical Corp Class H, LyondellBasell Industries NV Class A, PetroChina Co Ltd Class H, TotalEnergies SE, Chevron Corp, Repsol SA, Dow Inc, Exxon Mobil Corp, Braskem SA ADR, OMV AG |
Other key industry trends
- In terms of revenue, South Korea accounted for 5.3% of the global polyolefin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polyolefin market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 41,658.0 million by 2030.
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Polyolefin Market Scope
Polyolefin Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea polyolefin 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 polyolefin market will help companies and investors design strategic landscapes.
Polyethylene (pe) was the largest segment with a revenue share of 37.37% in 2023. Horizon Databook has segmented the South Korea polyolefin market based on polyethylene (pe), polypropylene (pp), ethylene-vinyl acetate (eva), thermoplastic polyolefins (tpos), polyoxymethylene (pom), polycarbonate (pc), polymethyl methacrylate (pmma) covering the revenue growth of each sub-segment from 2018 to 2030.
The polyolefin market in South Korea is experiencing a significant upswing and is poised for substantial growth in the coming years. Several key factors contribute to the market's expansion and its growth potential, which includes the remarkable development of the construction industry in South Korea, driven by urbanization, infrastructure projects, and the focus on energy-efficient buildings.
As sustainability has emerged as an increasingly important consideration, the demand for polyolefins in insulation applications has soared. Renowned for its exceptional thermal insulation properties, polyolefins are chosen for their ability to enhance energy efficiency, minimize heat loss, and create comfortable indoor environments.
Moreover, the automotive sector in South Korea presents a significant opportunity for the growth of the polyolefin market. As a leading global automotive manufacturer, the country's automotive industry is driven by innovation and technological advancements.
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Our clientele includes a mix of polyolefin 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 polyolefin market , including forecasts for subscribers. This country databook contains high-level insights into South Korea polyolefin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea polyolefin market size, by product, 2018-2030 (US$M)
South Korea Polyolefin Market Outlook Share, 2023 & 2030 (US$M)
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