Lucintel Forecasts The Global Masterbatch Market In South Korea To Reach $523 Million By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global masterbatch market in South Korea looks promising with opportunities packaging, building and construction, consumer goods, transportation, electrical and electronics, fiber and textiles industries. The global masterbatch market in South Korea is expected to reach an estimated $523 million by 2030 from $400 million in 2023 at a CAGR of 4% from 2023 to 2030. The major drivers for this market are increasing demand for colorful plastics by end use industries such as packaging, transportation, and consumer goods, and also growing consumption of biodegradable masterbatch in plastic production.
Browse 76 figures/charts and 75 tables in this 146-page report to understand trends, opportunity and forecast in masterbatch market in South Korea to 2030 by product type (color masterbatch, white masterbatch, additive masterbatch, black masterbatch, and filler masterbatch), end use (packaging, building and construction, consumer goods, transportation, and others), carrier resin (polyethylene, polypropylene, polystyrene, polyamide, ethyl vinyl acetate, and others), process ...
... (film extrusion, blow molding, injection molding, pipes, conduit, and tubing, extrusion coating, and other extrusions).
Lucintel forecasts that the packaging is expected to remain the largest segment by value and volume supported by increasing consumption of packaged consumer goods.
Color masterbatch will remain the largest andalso expected to witness highest growth segment over the forecast period due to the increasing use of color masterbatch for special effects and colors to distinguish products.
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DB Chem and Dongbang Chemical, Hankook Chemical, Muil Chemical, Samhwa Corp., Sam-A C & I, Plastics and People, HN Platec, SM Chemical, and Samjin Polytech are the major suppliers in the Masterbatch Market in South Korea.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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