South Korea Engineering Plastics Market Growth, Demand and Challenges of the Key Industry Players 2032

South Korea Engineering
Plastics Market Research
and Forecast Report
2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved

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Report
Highlight and
Description
A c c o r d i n g t o t h e l a t e s t r e p o r t b y I M A R C G r o u p , t i t l e d " S o u t h K o r e a E n g i n e e r i n g P l a s t i c s
M a r k e t : I n d u s t r y Tre n d s , S h a r e , S i z e , G r o w t h , O p p o r t u n i t y a n d F o r e c a s t 2 0 2 4 -
2 0 3 2 , " t h e S o u t h K o r e a e n g i n e e r i n g p l a s t i c s m a r k e t s i z e i s p r o j e c t e d t o e x h i b i t a g r o w t h r a t e
( C A G R ) o f 7 . 7 0 % d u r i n g 2 0 2 4 - 2 0 3 2 .
T h e i n c r e a s i n g d e m a n d f r o m e n d - u s e i n d u s t r i e s , s u c h a s a u t o m o t i v e , t r a n s p o r t a t i o n , e l e c t r i c a l ,
a n d e l e c t r o n i c s , i s p r o p e l l i n g t h e g r o w t h o f t h e m a r k e t i n S o u t h K o r e a . T h e a u t o m o t i v e a n d
t r a n s p o r t a t i o n s e c t o r s r e l y o n e n g i n e e r i n g p l a s t i c s , w h i c h b e n e f i t f r o m t h e i r s t r e n g t h - t o - w e i g h t
r a t i o , d u r a b i l i t y, a n d r e s i s t a n c e t o c h e m i c a l s a n d h e a t . A s t h e c o u n t r y i s a d v a n c i n g i t s a u t o m o t i v e
m a n u f a c t u r i n g c a p a b i l i t i e s i n t h e p r o d u c t i o n o f e l e c t r i c v e h i c l e s ( E V s ) a n d l i g h t w e i g h t v e h i c l e s ,
t h e d e m a n d f o r e n g i n e e r i n g p l a s t i c s i s s t r e n g t h e n i n g t h e m a r k e t g r o w t h .
T h e s e m a t e r i a l s a r e e s s e n t i a l f o r r e d u c i n g v e h i c l e w e i g h t , e n h a n c i n g f u e l e ff i c i e n c y, a n d
i m p r o v i n g o v e r a l l v e h i c l e p e r f o r m a n c e , w h i c h a r e c r i t i c a l f o r m e e t i n g s t r i n g e n t e n v i r o n m e n t a l
r e g u l a t i o n s a n d c o n s u m e r e x p e c t a t i o n s . M o r e o v e r, t h e c o m m i t m e n t o f g o v e r n i n g a g e n c i e s i n
S o u t h K o r e a t o p r o m o t e g r e e n t e c h n o l o g i e s a n d s u s t a i n a b l e p r a c t i c e s i s e n c o u r a g i n g a u t o m o t i v e
m a n u f a c t u r e r s t o a d o p t m o r e e c o - f r i e n d l y m a t e r i a l s l i k e e n g i n e e r i n g p l a s t i c s , t h e r e b y b o l s t e r i n g
m a r k e t g r o w t h .
R e q u e s t f o r a P D F s a m p l e o f t h i s r e p o r t :
h t t p s : / / w w w. i m a r c g r o u p . c o m / s o u t h - k o r e a - e n g i n e e r i n g - p l a s t i c s - m a r k e t / r e q u e s t s a m p l e

Report Description
S ou th K orea E ng in eerin g Plastics Market Tren d s :
T he electrical and electronics sector in S outh K orea is also catalyzing the demand for engineering plastics. W ith the rising
sales of consumer appliances, such as televisions, refrigerators, and other household el ectronics, there i s an increas e in the
need for high-performance plastics that off er superior electrical insulation, thermal stability, and flame resistance.
E ngineering plastics are employed in the production of these appliances due to their ability to w ithstand harsh operating
conditions w hile ensuring product safety and longevi ty. Furthermore, the rapid development of the electronic s industry,
particularly the expansion of semiconductor and display manufacturing sectors, is fostering the use of engineering plastics in
various components, including connectors, housings, circuit boards, and displays.
T he advancing research and development (R &D ) activities i n S outh K orea are further leading to the creation of innovative
engineering plastic grades designed to meet the specific needs of these industries. In line w ith this, the emphas is on
sustainabi li ty is dri ving eco-friendly practices, prompting companies and manufacturers to invest in recyclable and
environment-conscious engineering plastics. The ongoi ng trend of miniaturizati on, coupled w ith the demand for more compact
and eff icient electroni c devices, is further influencing the utili zation of engineering plastics in the country.
View Rep o rt TO C, F igu res and Tab les : h ttp s://www.imarcg ro u p .co m/so u th-ko rea-en g ineering -p lastics-market

Report
Segmentation
Resin Type Insights:
• Fluoropolymer
o Ethylenetetrafluoroethylene (ETFE)
o Fluorinated Ethylene-Propylene (FEP)
o Polytetrafluoroethylene (PTFE)
o Polyvinylfluoride (PVF)
o Polyvinylidene Fluoride (PVDF)
o Others
• Liquid Crystal Polymer (LCP)
• Polyamide (PA)
o Aramid
o Polyamide (PA) 6
o Polyamide (PA) 66
o Polyphthalamide
• Polybutylene Terephthalate (PBT)

Report
Segmentation
• Polycarbonate (PC)
• Polyether Ether Ketone (PEEK)
• Polyethylene Terephthalate (PET)
• Polyimide (PI)
• Polymethyl Methacrylate (PMMA)
• Polyoxymethylene (POM)
• Styrene Copolymers (ABS and SAN)
End Use Industry Insights:
• Aerospace
• Automotive
• Building and Construction
• Electrical and Electronics

Report
Segmentation
• Industrial and Machinery
• Packaging
• Others
Regional Insights:
• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others

Competitive
Landscape with
Key Players
• INEOS Group
• Kolon Industries Inc.
• Korea Engineering Plastics Co. Ltd.
• Kumho Petrochemical
• LG Chem (LG Corp)
• Lotte Chemical Corporation (Lotte
Corporation)
• Samyang Corporation

Key Questions
Answered in
the Report
How has the South Korea engineering plastics market performed so
far and how will it perform in the coming years?
What has been the impact of COVID-19 on the South Korea
engineering plastics market?
What is the breakup of the South Korea engineering plastics market
on the basis of resin type?
What is the breakup of the South Korea engineering plastics market
on the basis of end use industry?
What are the various stages in the value chain of the South Korea
engineering plastics market?
What are the key driving factors and challenges in the South Korea
engineering plastics?
What is the structure of the South Korea engineering plastics market
and who are the key players?
What is the degree of competition in the South Korea engineering
plastics market?

Table of
Contents
1 P r e f a c e
2 S c o p e a n d M e t h o d o l o g y
2 . 1 O b j e c t i v e s o f t h e S t u d y
2 . 2 S t a k e h o l d e r s
2 . 3 D a t a S o u r c e s
2 . 3 . 1 P r i m a r y S o u r c e s
2 . 3 . 2 S e c o n d a r y S o u r c e s
2 . 4 M a r k e t E s t i m a t i o n
2 . 4 . 1 B o t t o m - U p A p p r o a c h
2 . 4 . 2 To p - D o w n A p p r o a c h
2 . 5 F o r e c a s t i n g M e t h o d o l o g y
3 E x e c u t i v e S u m m a r y
4 S o u t h K o r e a E n g i n e e r i n g P l a s t i c s M a r k e t - I n t r o d u c t i o n
4 . 1 O v e r v i e w
4 . 2 M a r k e t D y n a m i c s
4 . 3 I n d u s t r y T r e n d s
4 . 4 C o m p e t i t i v e I n t e l l i g e n c e
5 S o u t h K o r e a E n g i n e e r i n g P l a s t i c s M a r k e t L a n d s c a p e
5 . 1 H i s t o r i c a l a n d C u r r e n t M a r k e t T r e n d s ( 2 0 1 8 - 2 0 2 3 )
5 . 2 M a r k e t F o r e c a s t ( 2 0 2 4 - 2 0 3 2 )
6 S o u t h K o r e a E n g i n e e r i n g P l a s t i c s M a r k e t - B r e a k u p b y R e s i n Ty p e
6 . 1 F l u o r o p o l y m e r
6 . 1 . 1 O v e r v i e w
6 . 1 . 2 H i s t o r i c a l a n d C u r r e n t M a r k e t T r e n d s ( 2 0 1 8 - 2 0 2 3 )
6 . 1 . 3 M a r k e t S e g m e n t a t i o n
6 . 1 . 3 . 1 E t h y l e n e t e t r a f l u o r o e t h y l e n e ( E T F E )
6 . 1 . 3 . 2 F l u o r i n a t e d E t h y l e n e - p r o p y l e n e ( F E P )
6 . 1 . 3 . 3 P o l y t e t r a f l u o r o e t h y l e n e ( P T F E )
6 . 1 . 3 . 4 P o l y v i n y l f l u o r i d e ( P V F )

Table of
Contents
6.1.3.5 Pol y vi ny l id en e Fl uo ri d e (PV DF)
6.1.3.6 Oth er s
6.1.4 Mar k et Fo re cas t ( 20 24 -2 03 2)
6.2 Li qu i d Cr ystal Pol y mer ( LC P)
6.2.1 Ove rv i ew
6.2.2 Hi stor i ca l a nd Cu rr en t Ma rk et Tre nds ( 2 01 8-2 02 3)
6.2.3 Mar k et Fo re cas t ( 20 24 -2 03 2)
6.3 Pol ya mi de ( PA )
6.3.1 Ove rv i ew
6.3.3 Mar k et Se gme ntati on
6.3.3.1 A r ami d
6.3.3.2 Pol y ami de (PA) 6
6.3.3.3 Pol y ami de (PA) 66
6.3.3.4 Pol y ph th al ami d e
6.3.4 Mar k et Fo re cas t ( 20 24 -2 03 2)
6.4 Pol yb utyl e ne Te re ph th al a te ( PBT)
6.4.1 Ove rv i ew
6.4.3 Mar k et Fo re cas t ( 20 24 -2 03 2)
6.5 Pol yc ar bo na te ( PC)
6.5.1 Ove rv i ew
6.5.3 Mar k et Fo re cas t ( 20 24 -2 03 2)
6.6 Pol ye th er Ether K eton e (P EEK)
6.6.1 Ove rv i ew
6.6.3 Mar k et Fo re cas t ( 20 24 -2 03 2)
For mo re inf or mat io n, v is it :
http s:// www.i m arcgrou p.c om /sou th-ko rea-eng in eering -p la sti cs
-m a rket/toc

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South Korea Engineering Plastics Market Growth, Demand and Challenges of the Key Industry Players 2032

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