South Korea Chemicals Market Summary, Competitive Analysis and Forecast to 2028
South Korea Chemicals Market Summary, Competitive Analysis and Forecast to 2028
Summary
Chemicals in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Chemicals in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The chemicals market is categorized into commodity chemicals, specialty chemicals, agriculture chemicals, and other. Market values are taken as the country's consumption of chemical products at producer selling price (PSP).
- The South Korean chemicals market had total revenues of $148.3 billion in 2023, representing a compound annual growth rate (CAGR) of -0.1% between 2018 and 2023.
- The commodity chemicals segment accounted for the market's largest proportion in 2023, with total revenues of $112.9 billion, equivalent to 76.1% of the market's overall value.
- The South Korean chemical market witnessed a slow growth owing to Russia’s invasion of Ukraine. For instance, South Korea's real GDP annual growth rate in 2023 was 1.3%, according to GlobalData.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the chemicals market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the chemicals market in South Korea
- Leading company profiles reveal details of key chemicals market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea chemicals market with five year forecasts
- What was the size of the South Korea chemicals market by value in 2023?
- What will be the size of the South Korea chemicals market in 2028?
- What factors are affecting the strength of competition in the South Korea chemicals market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's chemicals market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What are the strengths and strategies of the players?
7.3. What are the recent developments of the players?
8 COMPANY PROFILES
8.1. BASF SE
8.2. LG Chem Ltd
8.3. Lotte Chemical Corp
8.4. SK Chemicals Co., Ltd.
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What are the strengths and strategies of the players?
7.3. What are the recent developments of the players?
8 COMPANY PROFILES
8.1. BASF SE
8.2. LG Chem Ltd
8.3. Lotte Chemical Corp
8.4. SK Chemicals Co., Ltd.
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: South Korea chemicals market value: $ billion, 2018-23
Table 2: South Korea chemicals market category segmentation: % share, by value, 2018-2023
Table 3: South Korea chemicals market category segmentation: $ billion, 2018-2023
Table 4: South Korea chemicals market geography segmentation: $ billion, 2023
Table 5: South Korea chemicals market value forecast: $ billion, 2023-28
Table 6: BASF SE: key facts
Table 7: BASF SE: Annual Financial Ratios
Table 8: BASF SE: Key Employees
Table 9: LG Chem Ltd: key facts
Table 10: LG Chem Ltd: Annual Financial Ratios
Table 11: LG Chem Ltd: Key Employees
Table 12: Lotte Chemical Corp: key facts
Table 13: Lotte Chemical Corp: Annual Financial Ratios
Table 14: Lotte Chemical Corp: Key Employees
Table 15: SK Chemicals Co., Ltd.: key facts
Table 16: SK Chemicals Co., Ltd.: Annual Financial Ratios
Table 17: SK Chemicals Co., Ltd.: Key Employees
Table 18: South Korea size of population (million), 2019-23
Table 19: South Korea gdp (constant 2005 prices, $ billion), 2019-23
Table 20: South Korea gdp (current prices, $ billion), 2019-23
Table 21: South Korea inflation, 2019-23
Table 22: South Korea consumer price index (absolute), 2019-23
Table 23: South Korea exchange rate, 2019-23
Table 1: South Korea chemicals market value: $ billion, 2018-23
Table 2: South Korea chemicals market category segmentation: % share, by value, 2018-2023
Table 3: South Korea chemicals market category segmentation: $ billion, 2018-2023
Table 4: South Korea chemicals market geography segmentation: $ billion, 2023
Table 5: South Korea chemicals market value forecast: $ billion, 2023-28
Table 6: BASF SE: key facts
Table 7: BASF SE: Annual Financial Ratios
Table 8: BASF SE: Key Employees
Table 9: LG Chem Ltd: key facts
Table 10: LG Chem Ltd: Annual Financial Ratios
Table 11: LG Chem Ltd: Key Employees
Table 12: Lotte Chemical Corp: key facts
Table 13: Lotte Chemical Corp: Annual Financial Ratios
Table 14: Lotte Chemical Corp: Key Employees
Table 15: SK Chemicals Co., Ltd.: key facts
Table 16: SK Chemicals Co., Ltd.: Annual Financial Ratios
Table 17: SK Chemicals Co., Ltd.: Key Employees
Table 18: South Korea size of population (million), 2019-23
Table 19: South Korea gdp (constant 2005 prices, $ billion), 2019-23
Table 20: South Korea gdp (current prices, $ billion), 2019-23
Table 21: South Korea inflation, 2019-23
Table 22: South Korea consumer price index (absolute), 2019-23
Table 23: South Korea exchange rate, 2019-23
LIST OF FIGURES
Figure 1: South Korea chemicals market value: $ billion, 2018-23
Figure 2: South Korea chemicals market category segmentation: $ billion, 2018-2023
Figure 3: South Korea chemicals market geography segmentation: % share, by value, 2023
Figure 4: South Korea chemicals market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the chemicals market in South Korea, 2023
Figure 6: Drivers of buyer power in the chemicals market in South Korea, 2023
Figure 7: Drivers of supplier power in the chemicals market in South Korea, 2023
Figure 8: Factors influencing the likelihood of new entrants in the chemicals market in South Korea, 2023
Figure 9: Factors influencing the threat of substitutes in the chemicals market in South Korea, 2023
Figure 10: Drivers of degree of rivalry in the chemicals market in South Korea, 2023
Figure 1: South Korea chemicals market value: $ billion, 2018-23
Figure 2: South Korea chemicals market category segmentation: $ billion, 2018-2023
Figure 3: South Korea chemicals market geography segmentation: % share, by value, 2023
Figure 4: South Korea chemicals market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the chemicals market in South Korea, 2023
Figure 6: Drivers of buyer power in the chemicals market in South Korea, 2023
Figure 7: Drivers of supplier power in the chemicals market in South Korea, 2023
Figure 8: Factors influencing the likelihood of new entrants in the chemicals market in South Korea, 2023
Figure 9: Factors influencing the threat of substitutes in the chemicals market in South Korea, 2023
Figure 10: Drivers of degree of rivalry in the chemicals market in South Korea, 2023
