South Korea Synthetic Rubber Market Trends, Size, Competitive Analysis and Forecast 2019-2025

 South Korea synthetic rubber market is expected to show significant market growth during the forecast period. As per South Korea Rubber Industry Association, there are more than 10,000 companies working in the rubber industry in the country. Each year, the country exports a rubber of around $10 billion all across the globe. Moreover, the country is one of the major global automotive manufacturing hubs. Automotive companies such as Hyundai, Kia, SsangYong Motor have headquartered in the country which creates a significant demand for synthetic rubber in the country. The country is the seventh-largest vehicle manufacturer in 2018 and fourth-largest after China, Japan, and India respectively. In 2018, the country manufactured around 4 million vehicles out of which nearly 3.7 million were passenger cars.

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South Korea synthetic rubber market is studied on the basis of type and end-user. By type, the market is further divided into Styrene Butadiene Rubber, Polybutadiene Rubber, Ethylene Propylene Rubber, Isoprene Rubber, and others. Styrene-Butadiene Rubber is expected to have a major market share during the forecast period. By end-user, the market is divided into automobile components, industrial application, footwear, household, and others. Others include electronics, aerospace and so other. The automobile and other segments are expected to have a significant market share in the country. Samsung Electronics, LG Electronics are among the major electronics companies headquartered in the country, it creates a significant demand for electronics in the country. 

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A full Report of South Korea Synthetic Rubber Market is Available at:  https://www.omrglobal.com/industry-reports/south-korea-synthetic-rubber-market

South Korea Synthetic Rubber Market Segmentation

 By Type

·        Styrene-Butadiene Rubber (SBR)

·        Polybutadiene Rubber (BR)

·        Ethylene Propylene Rubber (EPDM)

·        Isoprene Rubber (IR)

·        Others (Nitrile Butadiene Rubber (NBR), Butyl Rubber (IIR), Chloroprene Rubber (CR))

By End-User

·        Automobile Component

·        Industrial Application

·        Footwear

·        Household

·        Others (Electronics, Aerospace)

Company Profiles

·        Asahi Kasei Corp.

·        Bridgestone Corp.

·        Denka Company Ltd.

·        Kuraray Co., Ltd.

·        LG Chem, Ltd.

·        SABIC 

·        Sumitomo Chemical Co., Ltd.

·        The Dow Chemical Co.

·        The Michelin Group

·        Tosoh Corp.

·        Trinseo LLC

·        Ube Industries, Ltd.

Reasons to Buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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