According to a market report by Lucintel, the future of the global masterbatch market in South Korea looks promising with opportunities packaging, building and construction, consumer goods, transportation, electrical and electronics, fiber and textiles industries. The global masterbatch market in South Korea is expected to reach an estimated $523.0 million by 2030 from $400.0 million in 2023, at a CAGR of 4% from 2023 to 2030. The major drivers for this market are increasing demand for plastic as substitutes for various materials like metal, concrete, and steel in various end uses.
Browse 76 figures / charts and 75 tables in this 146 -page report to understand trends, opportunity and forecast in masterbatch market in South Korea to 2030 by product type (color, white, black, additive, and filler), carrier resin (PE, PP, PS, PC, PA, EVA, SAN, and ABS), end use industry (packaging, consumer goods, electrical and electronics, transportation, fiber and textiles, building and construction, and others), and by process (film extrusion, blow molding, injection molding, pipe, conducit and tubing, extrusion coating, sheet and thermoforming, wire and cable, rotational molding, and other).
Lucintel forecasts that the packaging is expected to remain the largest segment by value and volume supported by increasing consumption of packaged consumer goods.
Color masterbatch will remain the largest andalso expected to witness highest growth segment over the forecast period due to the increasing use of color masterbatch for special effects and colors to distinguish products.
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DB Chem and Dongbang Chemical, Hankook Chemical, Muil Chemical, Samhwa Corp., Sam-A C & I, Plastics and People, HN Platec, SM Chemical, and Samjin Polytech are the major suppliers in the Masterbatch Market in South Korea.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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