South Korea Mineral Oil Market to 2032
Overview
The South Korea Mineral Oil Market is expected to reach a 247.98 USD Million by 2032 and is projected to grow at a CAGR of 6.21% from 2025 to 2032.
Revenue, 2024 (USD Million)
173.85
Forecast, 2032 (USD Million)
247.98
CAGR, 2024 - 2032
6.21%
Report Coverage
South Korea
South Korea Mineral Oil Market 2018-2032 USD Million
South Korea Mineral Oil Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 173.85 USD Million
- Projected Market Size (2032): 247.98 USD Million
- CAGR (2025-2032): 6.21%
Key Findings of South Korea Mineral Oil Market
- The South Korea Mineral Oil Market was valued at 173.85 USD Million in 2024.
- The South Korea Mineral Oil Market is likely to grow at a CAGR of 6.21% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Food Industry in Application Segment accounted for the largest share of the market with a revenue of 173.85 USD Million
- The fastest growing segment Lubricants in Application Segment grew Fastest with a CAGR of 6.92% during the forecast period from 2024 to 2032.
South Korea Mineral Oil Market Scope
South Korea Mineral Oil Market Segmentation & Scope
Application
- Coatings/Inks
- Adhesives
- Others
- Textile
- Packaging
- Polymers
- Agriculture
- Tires/Rubbers
- Electrical and Industrial
- Cosmetics & Personal Care
- Lubricants
- Food Industry
- Pharmaceuticals
Grade
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Industrial Grade
Class
- Naphthenic Oil1
- Aromatic Oil1
- Paraffinic Oil1
South Korea Mineral Oil Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 173.85 USD Million |
| Market Value in 2032 | 247.98 USD Million |
| CAGR (2025-2032) | 6.21% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Grade,Class |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 173.85 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 173.85 USD Million in 2024.
Segments and Scope
-
South Korea Mineral Oil Market to 2032, By Application
- Food Industry is the largest segment in South Korea Mineral Oil Market to 2032 with a revenue of 173.85 USD Million in the year 2024.
- Lubricants is the Fastest growing segment in South Korea Mineral Oil Market to 2032 with a Growth rate of 6.21 % in forecast period 2025-2032.
-
South Korea Mineral Oil Market to 2032, By Grade
- Industrial Grade is the largest segment in South Korea Mineral Oil Market to 2032 with a revenue of 95.90 USD Million in the year 2024.
- Industrial Grade is the Fastest growing segment in South Korea Mineral Oil Market to 2032 with a Growth rate of 6.46 % in forecast period 2025-2032.
-
South Korea Mineral Oil Market to 2032, By Class
- Paraffinic Oil1 is the largest segment in South Korea Mineral Oil Market to 2032 with a revenue of 121.69 USD Million in the year 2024.
- Paraffinic Oil1 is the Fastest growing segment in South Korea Mineral Oil Market to 2032 with a Growth rate of 6.34 % in forecast period 2025-2032.
South Korea Mineral Oil Market Company Share Analysis
South Korea Mineral Oil Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Mineral Oil Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Mineral Oil Market is segmented based on Segmentation Application,Grade,Class.
South Korea Mineral Oil Market was valued at USD 173.85(Revenue in USD Million) in 2021.
South Korea Mineral Oil Market is projected to grow at a CAGR of 6.21% during the forecast period of 2024 to 2032.
The Food Industry segment is expected to dominate the South Korea Mineral Oil Market, holding a largest market share of 173.85 USD Million in 2024
South Korea Mineral Oil Market Scope
South Korea Mineral Oil Market Segmentation & Scope
Application
- Coatings/Inks
- Adhesives
- Others
- Textile
- Packaging
- Polymers
- Agriculture
- Tires/Rubbers
- Electrical and Industrial
- Cosmetics & Personal Care
- Lubricants
- Food Industry
- Pharmaceuticals
Grade
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
- Industrial Grade
Class
- Naphthenic Oil1
- Aromatic Oil1
- Paraffinic Oil1
Frequently Asked Questions
The South Korea Mineral Oil Market is segmented based on Segmentation Application,Grade,Class.
South Korea Mineral Oil Market was valued at USD 173.85(Revenue in USD Million) in 2021.
South Korea Mineral Oil Market is projected to grow at a CAGR of 6.21% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Mineral Oil Market for final year is USD 247.98 (USD Million).
South Korea Mineral Oil Market Company Profiling
Frequently Asked Questions
The South Korea Mineral Oil Market is segmented based on Segmentation Application,Grade,Class.
South Korea Mineral Oil Market was valued at USD 173.85(Revenue in USD Million) in 2021.
South Korea Mineral Oil Market is projected to grow at a CAGR of 6.21% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Mineral Oil Market for final year is USD 247.98 (USD Million).
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