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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
South Korea Petrochemicals Market Trends
Moreover, petrochemicals are finding increased usage in energy storage systems in South Korea as they form a crucial component of the batteries and capacitors in these systems. The demand for energy storage systems is also anticipated to increase as they are widely utilised in renewable energy sources such as solar, wind, and water, to store energy, which will create ample growth opportunities for the market.
South Korea Petrochemicals Market Report Snapshots
South Korea Petrochemicals Market Size
South Korea Petrochemicals Market Growth
South Korea Petrochemicals Market Trends
South Korea Petrochemicals Market Share
South Korea Petrochemicals Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.30% between 2025 and 2034.
The market is being driven due to growing applications of petrochemicals in plastics, packaging, fertilisers, and clothing, among other sectors in the country.
The key trends aiding the market include shift toward sustainability, technological advancements, and product diversification.
Based on product, market segmentations include ethylene, propylene, butadiene, benzene, xylene, toluene, and methanol.
Various end uses are automotive, aerospace, consumer and industrial goods, healthcare, and power and utilities, among others.
The major players in the market are BASF SE, Chevron Corp., SK Inc. (SK Innovation Co. Ltd.), Exxon Mobil Corporation, Shell Plc, INEOS AG, LyondellBasell Industries N.V., Dow Inc., Saudi Basic Industries Corporation SJSC, and TotalEnergies SE, among others.
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Philippines
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+44-753-713-2163
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