South Korea Thermoplastic Elastomer Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
South Korea Thermoplastic Elastomer Market is Segmented By Product Type (Styrenic Block Copolymer, Thermoplastic Polyolefin, Thermoplastic Polyurethan....
South Korea Thermoplastic Elastomer Market Size
Market Size in USD
CAGR5.5%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 5.5% |
| Market Concentration | High |
| Major Players | Kumho Petrochemical, Samsung Sdi Co., Ltd, S K Global companies, Songwon Industries, LG Chem |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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South Korea Thermoplastic Elastomer Market Analysis
The South Korea Thermoplastic Elastomer Market is estimated to be valued at USD 510.6 Mn in 2024 and is expected to reach USD 749.2 Mn by 2031, growing at a CAGR of 5.5% from 2024 to 2031.
Automotive production and sales have been increasing in the country which is expected to drive the demand for these materials during the forecast period.