South Korea Synthetic Rubber Market Top Leading Players with Strategies and Forecast 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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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.
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