South Korea Recycled Polystyrene Market Size & Outlook
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South Korea recycled polystyrene market highlights
- The South Korea recycled polystyrene market generated a revenue of USD 60.4 million in 2023 and is expected to reach USD 103.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, packaging was the largest revenue generating application in 2023.
- Building & Construction is the most lucrative application segment registering the fastest growth during the forecast period.
Recycled polystyrene market data book summary
| Market revenue in 2023 | USD 60.4 million |
| Market revenue in 2030 | USD 103.5 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | Building & Construction |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive |
| Key market players worldwide | Indorama Ventures PCL ADR, Biffa, PLACON, Verdeco Recycling, Faith Group, Phoenix Technologies, Libolon |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.3% of the global recycled polystyrene market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China recycled polystyrene 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 103.5 million by 2030.
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Recycled Polystyrene Market Scope
Recycled Polystyrene Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Faith Group | View profile | 51-100 | New Delhi, Delhi, India, Asia | https://www.faithgroup.co.in |
| Phoenix Technologies | View profile | 51-100 | Bowling Green, Ohio, United States, North America | https://www.phoenixtechnologies.net |
| Verdeco Recycling | View profile | 51-100 | South Gate, California, United States, North America | http://verdecorecycling.com |
| Libolon | View profile | - | Taipei, T'ai-pei, Taiwan, Asia | https://www.libolon.com |
| Biffa | View profile | 5001-10000 | High Wycombe, Buckinghamshire, United Kingdom, Europe | https://www.biffa.co.uk |
| Indorama Ventures PCL ADR | View profile | 11125 | Asoke Road, Klongtoeynua, 37th Floor, Soi Sukhumvit 19, 75/102, Ocean Tower II, Bangkok, Thailand, 10110 | https://www.indoramaventures.com |
| PLACON | View profile | 251-500 | Madison, Wisconsin, United States, North America | https://medical.placon.com |
South Korea recycled polystyrene 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 recycled polystyrene market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 32.62% in 2023. Horizon Databook has segmented the South Korea recycled polystyrene market based on building & construction, packaging, electrical & electronics, textiles, automotive covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Recycled Polystyrene Application Outlook (Revenue, USD Million, 2018-2030)
- Packaging
- Electrical & Electronics
- Building & Construction
- Textiles
- Automotive
- Others
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Target buyers of South Korea recycled polystyrene market databook
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Our clientele includes a mix of recycled polystyrene market companies, investment firms, advisory firms & academic institutions.
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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 recycled polystyrene market , including forecasts for subscribers. This country databook contains high-level insights into South Korea recycled polystyrene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea recycled polystyrene market size, by application, 2018-2030 (US$M)
South Korea Recycled Polystyrene Market Outlook Share, 2023 & 2030 (US$M)
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