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

Mar 2nd 2020 at 2:10 AM

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.

Request a Free Sample of our Report on South Korea Synthetic Rubber Market

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.

A full Report of South Korea Synthetic Rubber Market is Available at:

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

  • ARLANXEO Holding B.V.
  • Asahi Kasei Corp.
  • Bridgestone Corp.
  • Exxon Mobil Corp.
  • Kuraray Co., Ltd.
  • LG Chem, Ltd.
  • Lion Elastomers, LLC
  • The Dow Chemical Co.
  • The Goodyear Tire & Rubber Co.
  • The Michelin Group
  • Tosoh Corp.

For More Customized Data, Request for Report Customization @

About Orion Market Research

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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Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari


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