South Korea Textile Chemicals Market Size & Outlook
- Specialty & Fine Chemicals
- Performance Chemicals
- Textile Chemicals Market Outlook
- Performance Chemicals
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South Korea textile chemicals market highlights
- The South Korea textile chemicals market generated a revenue of USD 445.5 million in 2024 and is expected to reach USD 696.1 million by 2033.
- The South Korea market is expected to grow at a CAGR of 5% from 2025 to 2033.
- In terms of segment, coating was the largest revenue generating process in 2024.
- Treatment of Finished Products is the most lucrative process segment registering the fastest growth during the forecast period.
Textile chemicals market data book summary
| Market revenue in 2024 | USD 445.5 million |
| Market revenue in 2033 | USD 696.1 million |
| Growth rate | 5% (CAGR from 2025 to 2033) |
| Largest segment | Coating |
| Fastest growing segment | Treatment of Finished Products |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pre Treatment, Coating, Treatment of Finished Products |
| Key market players worldwide | OMV AG, Basf SE, Shell PLC, Lanxess AG, Dow Inc, Huntsman Corp, Kemira Oyj, The Lubrizol Corp, Petronas Chemicals Group Bhd, Evonik Industries AG, Solvay SA |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global textile chemicals market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China textile chemicals market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,717.2 million by 2033.
South Korea has witnessed significant economic growth, along with substantial poverty reduction. According to the World Bank, the GDP of the country stood at USD 1.65 trillion in 2019. However, the spread of the COVID-19 has taken a toll on the economic growth of South Korea. According to the IMF, the GDP of the country declined by 0.9% in 2020.
It is expected to grow by 4.3% and 3.3% in 2021 and 2022, respectively. Textile manufacturers in South Korea are making efforts to utilize the petrochemical production power of the country and develop value-added products.
The Free Trade Agreement among China, Japan, and South Korea is expected to reduce tariffs on textiles reducing the logistical costs. This is anticipated to provide a strong impetus to textile manufacturers of South Korea, thereby increasing demand for textile chemicals in the country.
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Publish Date: Nov 03, 2025
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Textile Chemicals Market Scope
Textile Chemicals 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 |
| Evonik Industries AG | View profile | 33,409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | www.evonik.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 |
| OMV AG | View profile | 21,091 | Trabrennstrasse 6 - 8, Vienna, Austria, 1020 | www.omv.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | www.lubrizol.com/ |
| Solvay SA | View profile | 9,000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | www.solvay.com |
| Shell PLC | View profile | 100,000 | Shell Centre, London, United Kingdom, SE1 7NA | www.shell.com |
| Lanxess AG | View profile | 12,621 | Kennedyplatz 1, Cologne, Germany, 50569 | www.lanxess.com |
| Kemira Oyj | View profile | 4,690 | Energiakatu 4, P.O. Box 330, Helsinki, Finland, FI-00180 | www.kemira.com |
South Korea Textile Chemicals 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 Textile Chemicals Market Outlook will help companies and investors design strategic landscapes.
Coating was the largest segment with a revenue share of 79.98% in 2024.
Horizon Databook has segmented the South Korea textile chemicals market based on pre treatment, coating, treatment of finished products covering the revenue growth of each sub-segment from 2018 to 2033.
South Korea has witnessed significant economic growth, along with substantial poverty reduction. According to the World Bank, the GDP of the country stood at USD 1.65 trillion in 2019. However, the spread of the COVID-19 has taken a toll on the economic growth of South Korea. According to the IMF, the GDP of the country declined by 0.9% in 2020.
It is expected to grow by 4.3% and 3.3% in 2021 and 2022, respectively. Textile manufacturers in South Korea are making efforts to utilize the petrochemical production power of the country and develop value-added products.
The Free Trade Agreement among China, Japan, and South Korea is expected to reduce tariffs on textiles reducing the logistical costs. This is anticipated to provide a strong impetus to textile manufacturers of South Korea, thereby increasing demand for textile chemicals in the country.
- South Korea Textile Chemicals Market Process Outlook (Revenue, USD Million , 2018-2033)
- Pre Treatment
- Coating
- Treatment of Finished Products
- South Korea Textile Chemicals Market Product Outlook (Revenue, USD Million , 2018-2033)
- Coating & Sizing Chemicals
- Colorants & Auxiliaries
- Finishing Agents
- Surfactants
- Desizing Agents
- Bleaching Agents
- Scouring Agents
- Yarn Lubricants
- South Korea Textile Chemicals Market Application Outlook (Revenue, USD Million , 2018-2033)
- Apparel
- Home furnishing
- Technical textiles
- Others Application
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Textile Chemicals Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Textile Chemicals Market Outlook from 2018 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Textile Chemicals Market, 2018-2033 (US$M)
South Korea textile chemicals market statistics, by process, 2018-2033 (US$M)
