With production value of USD24.1 billion, South Korea accounts for 5.3% of the Asia Pacific total in 2024. The industry’s exports share decreases in 2024 to 44.4% of total production output. The industry’s profitability decreases and stands at 19.5% of production value in 2024, the 12th highest regionally. The costs of the industry increase by 6.5% in 2024, largely driven by rising B2B costs. The total number of companies increases in 2024, to 2,007 units. The industry is fragmented, with the top five companies generating 25.7% of total production value in 2024. LG H&H Co Ltd is the largest company in South Korea, generating 10.5% of the industry’s total production value in 2024. South Korea has the third largest market size for photochemicals, explosives and other chemicals regionally, with demand reaching USD28.0 billion in 2024. B2B drives market demand, with B2B spending representing 97.5% of total demand in 2024. The market is dominated by domestic suppliers, as imports account for 47.6% of total market size in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Photochemicals, Explosives and Other Chemicals in South Korea: ISIC 2429. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Photochemicals, Explosives and Other Chemicals in South Korea: ISIC 2429 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Chemical Products in South Korea report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Chemical Products?
- How the Chemical Products will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Photochemicals, Explosives and Other Chemicals in South Korea: ISIC 2429
HEADLINES
MARKET OVERVIEW
Chemical Products
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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- Understand future opportunities and threats within the industry
- Track demand and supply structure
- Understand competitive landscape of the industry
- Inform market, strategy development and supply functions
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