South Korea Injection Molded Plastic Market Size & Outlook
- Plastics Polymers & Resins
- Processed Plastics
- Injection Molded Plastic Market Outlook
- Processed Plastics
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South Korea injection molded plastic market highlights
- The South Korea injection molded plastic market generated a revenue of USD 7,335.8 million in 2023 and is expected to reach USD 11,326.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating raw material in 2023.
- Polypropylene is the most lucrative raw material segment registering the fastest growth during the forecast period.
Injection molded plastic market data book summary
| Market revenue in 2023 | USD 7,335.8 million |
| Market revenue in 2030 | USD 11,326.2 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene, Acrylonitrile butadiene styrene, High-density polyethylene, Polystyrene, Other Raw Materials |
| Key market players worldwide | Exxon Mobil Corp, Basf SE, DuPont de Nemours Inc, Dow Inc, Huntsman Corp, Eastman Chemical Co, INEOS, LyondellBasell Industries NV Class A, SABIC, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, HTI Plastics, AptarGroup Inc, The Rodon Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global injection molded plastic market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China injection molded plastic 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 11,326.2 million by 2030.
South Korea injection molded plastic market is expected to witness growth owing to the presence of leading electrical & electronics manufacturers including LG Electronics, POSCO, Samsung Electronics, and Hyundai Mobis. Good manufacturing practices and utilization of technology in electronics industry in South Korea are anticipated to promote electrical & electronics production.
In addition, high penetration of PPS manufacturers in South Korea and their strategic partnerships with OEMs are expected to have a positive impact on the market over the forecast period.
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Injection Molded Plastic Market Scope
Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| AptarGroup Inc | View profile | 13,800 | 265 Exchange Drive, Suite 301, Crystal Lake, IL, United States, 60014 | www.aptar.com |
| Dow Inc | View profile | 35,900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | www.dow.com |
| Huntsman Corp | View profile | 6,000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | www.huntsman.com |
| LyondellBasell Industries NV Class A | View profile | 20,000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | www.lyondellbasell.com |
| Exxon Mobil Corp | View profile | 61,500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | www.exxonmobil.com |
| DuPont de Nemours Inc | View profile | 24,000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | www.dupont.com |
| Eastman Chemical Co | View profile | 14,000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | www.eastman.com |
| Berry Global Group Inc | View profile | 44,000 | 101 Oakley Street, Evansville, IN, United States, 47710 | www.berryglobal.com |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | www.sabic.com |
South Korea Injection Molded Plastic 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 Injection Molded Plastic Market Outlook will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 34.42% in 2023.
Horizon Databook has segmented the South Korea injection molded plastic market based on polypropylene, acrylonitrile butadiene styrene, high-density polyethylene, polystyrene, other raw materials covering the revenue growth of each sub-segment from 2019 to 2030.
South Korea injection molded plastic market is expected to witness growth owing to the presence of leading electrical & electronics manufacturers including LG Electronics, POSCO, Samsung Electronics, and Hyundai Mobis. Good manufacturing practices and utilization of technology in electronics industry in South Korea are anticipated to promote electrical & electronics production.
In addition, high penetration of PPS manufacturers in South Korea and their strategic partnerships with OEMs are expected to have a positive impact on the market over the forecast period.
- South Korea Injection Molded Plastic Market Raw Material Outlook (Revenue, USD Million , 2019-2030)
- Polypropylene
- Acrylonitrile butadiene styrene
- High-density polyethylene
- Polystyrene
- Other Raw Materials
- South Korea Injection Molded Plastic Market Application Outlook (Revenue, USD Million , 2019-2030)
- Packaging
- Consumables & Electronics
- Automotive & Transportation
- Building & Construction
- Medical
- Other Applications
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Injection Molded Plastic Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Injection Molded Plastic Market Outlook from 2019 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Injection Molded Plastic Market, 2019-2030 (US$M)
South Korea injection molded plastic market outlook statistics, by raw material, 2019-2030 (US$M)
