South Korea Composites Market Size & Outlook, 2025-2033
South Korea Composites Market Size
According to Straits Research analysis, the South Korea Composites Market was valued at USD 2396 Million in 2024 and is projected to reach USD 4660 Million by 2033, expanding at a CAGR of 7.7% during the forecast period. This growth is driven by a multitude of industries including automotive, aerospace, energy, construction, and agriculture, which are incorporating composites to improve efficiency and durability. The composites market is also fostered by technology advancements and the rise of low-carbon and sustainable production methods, optimizing environmental impacts and creating potential for expansion. South Korea's export potential in the composite market also contributes significantly to its growth. As South Korea continues to leverage its strength in technology and manufacturing, it is well-positioned to capitalize on the expected growth in the global composites market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Composites Market Highlights
- In 2024, Layup accounted for the highest share of the Manufacturing Process market size.
- During the forecast period, Filament is set to register the highest growth, making it the most lucrative Manufacturing Process segment.
- South Korea accounted for 2.3% of the global composites market size in 2024.
- By 2033, China is expected to remain the top global market in terms of size.
- Within Asia Pacific, China is forecasted to dominate the regional composites market size by 2033.
- India will be the fastest-growing market in Asia Pacific, projected to achieve USD 58503 Million by 2033.
South Korea Composites Market Revenue Share 2024
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2033 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 2396 Million |
| Market Size In 2033 | USD 4660 Million |
| Largest segment | Layup |
| Fastest segment | Filament |
| Units | Revenue in USD Million |
| CAGR | 7.7% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Manufacturing Process |
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| Product |
|
| End-User |
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South Korea Composites Market By Manufacturing Process 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Composites Market By Product 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Composites Market By End-User 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
