The market is dominated by domestic suppliers, as imports account for 32.5% of total market size in 2021. B2B drives market demand, with B2B spending representing 99.3% of total demand in 2021. South Korea has the fourth largest market size for glass and glass products regionally, with demand reaching USD9.0 billion in 2021. Corning Precision Materials Co Ltd is the largest company in South Korea, generating 7.5% of the industry’s total production value in 2021. The industry is fragmented, with the top four companies generating 18.1% of total production value in 2021. The total number of companies decreases in 2021, to 2,513 units. The costs of the industry increase by 1.1% in 2021, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 20.7% of production value in 2021, the highest regionally. With production value of USD8.0 billion, South Korea accounts for 2.6% of the Asia Pacific total in 2021.
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This Euromonitor industrial report provides unique information on Glass and Glass Products in South Korea: ISIC 261. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Glass and Glass Products in South Korea: ISIC 261 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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