The market is dominated by domestic suppliers, as imports account for 13.6% of total market size in 2021. B2B drives market demand, with B2B spending representing 97.2% of total demand in 2021. South Korea has the fourth largest market size for cement, stone and ceramic products regionally, with demand reaching USD30.6 billion in 2021. Posco Chemical Co Ltd is the largest company in South Korea, generating 4.7% of the industry’s total production value in 2021. The industry is fragmented, with the top five companies generating 15.8% of total production value in 2021. The total number of companies decreases in 2021, to 15,798 units. The costs of the industry increase by 7.6% in 2021, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 12.9% of production value in 2021, the 19th highest regionally. With production value of USD27.2 billion, South Korea accounts for 1.7% of the Asia Pacific total in 2021.
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This Euromonitor industrial report provides unique information on Cement, Stone and Ceramic Products in South Korea: ISIC 269. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Cement, Stone and Ceramic Products in South Korea: ISIC 269 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Non-metalic Mineral Products is an aggregation of Quarrying of Stone, Sand and Clay; Cement, Stone and Ceramic Products; Glass and Glass Prodcuts.See All of Our Definitions
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