South Korea Plastic Market Report and Forecast 2025-2034
Market Report I 2025-06-06 I 120 Pages I EMR Inc.
The South Korea plastic market reached USD 13.73 Billion in 2024. The market is projected to grow at a CAGR of 3.80% between 2025 and 2034, reaching almost USD19.94 Billion by 2034.
South Korea Plastic Market Growth
The shift towards sustainability is prompting major market players to manufacture eco-friendly polycarbonates by mixing recycled plastics with new raw material without compromising on its inherent properties (such as heat and impact resistance, and transparency). This process results in 3,200 tons of reduction in carbon dioxide emissions while producing 1000 tons of polyurethane. The potential use cases of such plastics include decorative gadgets and small electronic devices such as laptops and smartphones. Such plastics have also received recognition from the Underwriters Laboratories, a certification science establishment in the United States which is engaged in the development of safety standards.
The introduction of transparent polypropylene compounds is expected to increase the use of plastic in South Korea's automotive industry. By eliminating component boundaries and integrating hidden sensors and lightings, these solutions can greatly minimise air resistance (thereby ensuring efficient fuel utilisation and carbon reduction) and enhance the visual appeal of the vehicle. By integrating these compounds into the vehicle's exterior panels, an environment of seamless interaction can be created, which can lead to an increase in the demand for autonomous driving technologies. Thus, the automative industry is expected to remain one of the main end users of the market.
South Korea Plastic Industry Segmentation
South Korea Plastic Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product:
- Polyethylene
- Polypropylene
- Polyurethane
- Polyvinyl Chloride
- Polyethylene Terephthalate
- Polystyrene
- Acrylonitrile Butadiene Styrene
- Polybutylene Terephthalate
- Polycarbonate
- Others
Market Breakup by Application:
- Injection Moulding
- Blow Moulding
- Roto Moulding
- Compression Moulding
- Casting
- Thermoforming
- Extrusion
- Calendering
- Others
Market Breakup by End Use:
- Packaging
- Construction
- Electrical and Electronics
- Automotive
- Medical Devices
- Agriculture
- Furniture and Bedding
- Consumer Goods
- Utility
- Others
South Korea Plastic Market Share
Based on product, the market is divided into polyethylene, polypropylene, polyurethane, polyvinyl chloride, polyethylene terephthalate, polystyrene, acrylonitrile butadiene styrene, polybutylene terephthalate, and polycarbonate, among others. Polyurethane is expected to be one of the leading market segments over the forecast period due to its growing demand for home furnishings like beddings, furniture, and carpets, among others. Additionally, the expansion of the construction sector is expected to influence the demand for PVC due to its favourable characteristics.
Leading Companies in the South Korea Plastic Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
- BASF SE
- LG Chem, Ltd.
- Others
Increasing investments into the construction of polypropylene production facilities by companies like SK Advanced and Ulsan PP Co. Ltd., is expected to aid the market development.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 South Korea Plastic Market Overview
5.1 Key Industry Highlights
5.2 Asia Pacific Plastic Historical Market (2018-2024)
5.3 Asia Pacific Plastic Market Forecast (2025-2034)
5.4 Asia Pacific Plastic Market Share by Country
5.4.1 China
5.4.2 Japan
5.4.3 India
5.4.4 ASEAN
5.4.5 Australia
5.4.6 South Korea
5.4.7 Others
6 South Korea Plastic Market Overview
6.1 Key Industry Highlights
6.2 South Korea Plastic Historical Market (2018-2024)
6.3 South Korea Plastic Market Forecast (2025-2034)
7 South Korea Plastic Market by Product
7.1 Polyethylene
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Polypropylene
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Polyurethane
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Polyvinyl Chloride
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Polyethylene Terephthalate
7.5.1 Historical Trend (2018-2024)
7.5.2 Forecast Trend (2025-2034)
7.6 Polystyrene
7.6.1 Historical Trend (2018-2024)
7.6.2 Forecast Trend (2025-2034)
7.7 Acrylonitrile Butadiene Styrene
7.7.1 Historical Trend (2018-2024)
7.7.2 Forecast Trend (2025-2034)
7.8 Polybutylene Terephthalate
7.8.1 Historical Trend (2018-2024)
7.8.2 Forecast Trend (2025-2034)
7.9 Polycarbonate
7.9.1 Historical Trend (2018-2024)
7.9.2 Forecast Trend (2025-2034)
7.10 Others
8 South Korea Plastic Market by Application
8.1 Injection Moulding
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Blow Moulding
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Roto Moulding
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Compression Moulding
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Casting
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Thermoforming
8.6.1 Historical Trend (2018-2024)
8.6.2 Forecast Trend (2025-2034)
8.7 Extrusion
8.7.1 Historical Trend (2018-2024)
8.7.2 Forecast Trend (2025-2034)
8.8 Calendering
8.8.1 Historical Trend (2018-2024)
8.8.2 Forecast Trend (2025-2034)
8.9 Others
9 South Korea Plastic Market by End Use
9.1 Packaging
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Construction
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Electrical and Electronics
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Automotive
9.4.1 Historical Trend (2018-2024)
9.4.2 Forecast Trend (2025-2034)
9.5 Medical Devices
9.5.1 Historical Trend (2018-2024)
9.5.2 Forecast Trend (2025-2034)
9.6 Agriculture
9.6.1 Historical Trend (2018-2024)
9.6.2 Forecast Trend (2025-2034)
9.7 Furniture and Bedding
9.7.1 Historical Trend (2018-2024)
9.7.2 Forecast Trend (2025-2034)
9.8 Consumer Goods
9.8.1 Historical Trend (2018-2024)
9.8.2 Forecast Trend (2025-2034)
9.9 Utility
9.9.1 Historical Trend (2018-2024)
9.9.2 Forecast Trend (2025-2034)
9.10 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators of Demand
10.4 Key Indicators of Price
11 Competitive Landscape
11.1 Supplier Selection
11.2 Key Global Players
11.3 Key Regional Players
11.4 Key Player Strategies
11.5 Company Profiles
11.5.1 BASF SE
11.5.1.1 Company Overview
11.5.1.2 Product Portfolio
11.5.1.3 Demographic Reach and Achievements
11.5.1.4 Certifications
11.5.2 LG Chem, Ltd.
11.5.2.1 Company Overview
11.5.2.2 Product Portfolio
11.5.2.3 Demographic Reach and Achievements
11.5.2.4 Certifications
11.5.3 Others
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