South Korea Solvents Market to 2032
Overview
The South Korea Solvents Market is expected to reach a 1.93 USD Billion by 2032 and is projected to grow at a CAGR of 8.17% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.22
Forecast, 2032 (USD Billion)
1.93
CAGR, 2024 - 2032
8.17%
Report Coverage
South Korea
South Korea Solvents Market 2018-2032 USD Billion
South Korea Solvents Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.22 USD Billion
- Projected Market Size (2032): 1.93 USD Billion
- CAGR (2025-2032): 8.17%
Key Findings of South Korea Solvents Market
- The South Korea Solvents Market was valued at 1.22 USD Billion in 2024.
- The South Korea Solvents Market is likely to grow at a CAGR of 8.17% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Conventional in Source Segment accounted for the largest share of the market with a revenue of 0.92 USD Billion
- The fastest growing segment Paints and Coatings in Application Segment grew Fastest with a CAGR of 8.83% during the forecast period from 2024 to 2032.
South Korea Solvents Market Scope
South Korea Solvents Market Segmentation & Scope
Category
- Halogenated Solvents
- Others
- Hydrocarbon Solvents
- Oxygenated Solvents
Source
- Bio-Based
- Conventional
Application
- Metal Cleaning
- Agricultural Chemicals
- Polymer Manufacturing
- Personal Care
- Printing Inks
- Adhesives
- Pharmaceuticals
- Others
- Paints and Coatings
South Korea Solvents Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.22 USD Billion |
| Market Value in 2032 | 1.93 USD Billion |
| CAGR (2025-2032) | 8.17% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Category,Source,Application |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 1.22 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 1,219.10 USD Million in 2024.
Segments and Scope
-
South Korea Solvents Market to 2032, By Category
- Oxygenated Solvents is the largest segment in South Korea Solvents Market to 2032 with a revenue of 806.53 USD Billion in the year 2024.
- Oxygenated Solvents is the Fastest growing segment in South Korea Solvents Market to 2032 with a Growth rate of 8.37 % in forecast period 2025-2032.
-
South Korea Solvents Market to 2032, By Source
- Conventional is the largest segment in South Korea Solvents Market to 2032 with a revenue of 919.65 USD Billion in the year 2024.
- Bio-Based is the Fastest growing segment in South Korea Solvents Market to 2032 with a Growth rate of 8.11 % in forecast period 2025-2032.
-
South Korea Solvents Market to 2032, By Application
- Paints and Coatings is the largest segment in South Korea Solvents Market to 2032 with a revenue of 550.70 USD Billion in the year 2024.
- Paints and Coatings is the Fastest growing segment in South Korea Solvents Market to 2032 with a Growth rate of 8.83 % in forecast period 2025-2032.
South Korea Solvents Market Company Share Analysis
| Company Name |
|
||
| BP p.l.c. | |||
| Celanese Corporation | |||
| ADM | |||
| Eastman Chemical Company or its subsidiaries | |||
| Shell | |||
South Korea Solvents Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Solvents Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Solvents Market is segmented based on Segmentation Category,Source,Application.
South Korea Solvents Market was valued at USD 1.22(Revenue in USD Billion) in 2021.
South Korea Solvents Market is projected to grow at a CAGR of 8.17% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the South Korea Solvents Market, holding a largest market share of 0.92 USD Billion in 2024
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South Korea Solvents Market Scope
South Korea Solvents Market Segmentation & Scope
Category
- Halogenated Solvents
- Others
- Hydrocarbon Solvents
- Oxygenated Solvents
Source
- Bio-Based
- Conventional
Application
- Metal Cleaning
- Agricultural Chemicals
- Polymer Manufacturing
- Personal Care
- Printing Inks
- Adhesives
- Pharmaceuticals
- Others
- Paints and Coatings
Frequently Asked Questions
The South Korea Solvents Market is segmented based on Segmentation Category,Source,Application.
South Korea Solvents Market was valued at USD 1.22(Revenue in USD Billion) in 2021.
South Korea Solvents Market is projected to grow at a CAGR of 8.17% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Solvents Market for final year is USD 1.93 (USD Billion).
South Korea Solvents Market Company Profiling
Frequently Asked Questions
The South Korea Solvents Market is segmented based on Segmentation Category,Source,Application.
South Korea Solvents Market was valued at USD 1.22(Revenue in USD Billion) in 2021.
South Korea Solvents Market is projected to grow at a CAGR of 8.17% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Solvents Market for final year is USD 1.93 (USD Billion).
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