South Korea Polyurethane Foam Market Size & Outlook
South Korea polyurethane foam market, 2018-2030 (US$M)
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South Korea polyurethane foam market highlights
- The South Korea polyurethane foam market generated a revenue of USD 2,157.5 million in 2023 and is expected to reach USD 3,844.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, flexible foam was the largest revenue generating product in 2023.
- Flexible Foam is the most lucrative product segment registering the fastest growth during the forecast period.
Polyurethane foam market data book summary
| Market revenue in 2023 | USD 2,157.5 million |
| Market revenue in 2030 | USD 3,844.8 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Flexible Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rigid Foam, Flexible Foam |
| Key market players worldwide | Huntsman Corp, Dow Inc, Basf SE, Sekisui Chemical Co Ltd, Trelleborg AB ADR, Future PLC, Recticel, UFP Technologies Inc, Rogers Corp, Compagnie de Saint-Gobain SA |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.9% of the global polyurethane foam market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polyurethane foam 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 3,868.6 million by 2030.
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Polyurethane Foam Market Scope
Polyurethane Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea polyurethane foam 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 polyurethane foam market will help companies and investors design strategic landscapes.
Flexible foam was the largest segment with a revenue share of 58.4% in 2023. Horizon Databook has segmented the South Korea polyurethane foam market based on rigid foam, flexible foam covering the revenue growth of each sub-segment from 2018 to 2030.
The polyurethane (PU) foam market in South Korea is experiencing a significant upswing and is poised for substantial growth in the upcoming years. Several key factors contribute to the market's expansion and potential.
Firstly, the construction industry in South Korea is witnessing remarkable development, driven by urbanization, infrastructure projects, and the focus on energy-efficient buildings. As sustainability becomes increasingly important, the demand for PU foam in insulation applications has soared.
Moreover, the automotive sector in South Korea presents a significant opportunity for the PU foam market's growth. As a leading global automotive manufacturer, the country's automotive industry is driven by innovation and technological advancements.
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Target buyers of South Korea polyurethane foam market databook
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Our clientele includes a mix of polyurethane foam market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea polyurethane foam market , including forecasts for subscribers. This country databook contains high-level insights into South Korea polyurethane foam market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea polyurethane foam market size, by product, 2018-2030 (US$M)
South Korea Polyurethane Foam Market Outlook Share, 2023 & 2030 (US$M)
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