South Korea Engineering Plastics Market Size, Share, Industry Overview, Trends and Forecast 2025-2033

IMARC Group has recently released a new research study titled “South Korea Engineering Plastics Market Report by Resin Type (Fluoropolymer, Liquid Crystal Polymer (LCP), Polyamide (PA), Polybutylene Terephthalate (PBT), Polycarbonate (PC), Polyether Ether Ketone (PEEK), Polyethylene Terephthalate (PET), Polyimide (PI), Polymethyl Methacrylate (PMMA), Polyoxymethylene (POM), Styrene Copolymers (ABS and SAN), End Use Industry (Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging, and Others), and Region 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

South Korea Engineering Plastics Market Overview

The South Korea engineering plastics market reached a size of USD 2.5 billion in 2024 and is projected to grow to USD 4.2 billion by 2033, with a compound annual growth rate (CAGR) of 5.5% during the forecast period. This growth is driven by rising demand for lightweight automobiles and persistent product innovation, positioning engineering plastics as preferred materials for applications requiring strength, durability, and design flexibility.

Study Assumption Years

• Base Year: 2024

• Historical Year: 2019-2024

• Forecast Year: 2025-2033

South Korea Engineering Plastics Market Key Takeaways

• Current Market Size (2024): USD 2.5 billion

• CAGR (2025-2033): 5.5%

• Forecast Period: 2025-2033

• Engineering plastics widely replace metals and ceramics due to light weight, mechanical strength, thermal stability, and durability.

• The automotive sector significantly drives the market with components like bumpers and dashboard trims.

• Consumer electronics and sports goods sectors also propel innovation in engineering plastics.

• Sustained R&D efforts focus on enhancing material properties and environmental sustainability.

• Korean companies are investing in developing materials with improved design flexibility and strength.

Sample Request Link: https://www.imarcgroup.com/report/ko/south-korea-engineering-plastics-market/requestsample

Market Growth Factors

The South Korea engineering plastics market size is primarily driven by increasing demand from the automotive sector. Lightweight vehicles require materials that offer strength without the weight of traditional metals, making engineering plastics a preferred choice. The market valuation stood at USD 2.5 billion in 2024, and it is forecasted to reach USD 4.2 billion by 2033, reflecting a CAGR of 5.5%. This rising consumption is underpinned by consistent product innovation and technological advancements within local industries.

Engineering plastics are valued for their superior load capacity, mechanical strength, thermal stability, durability, and design flexibility. These attributes support their broad application across making machine parts, containers, and packaging materials. Additionally, the shift towards replacing metals and ceramics with engineering plastics further fuels market expansion.

The consumer electronics and sports goods sectors also significantly contribute to market growth. Products such as ski boots, helmets, and optical discs increasingly use engineering plastics, stimulated by ongoing research and development to enhance material performance. Moreover, there is a growing emphasis on sustainability, with efforts to advance recyclable and environmentally friendly engineering plastics matching global ecological trends.

Market Segmentation

Resin Type Insights

• Fluoropolymers: Includes Ethylene Tetrafluoroethylene (ETFE), Fluorinated Ethylene-Propylene (FEP), Polytetrafluoroethylene (PTFE), Polyvinyl Fluoride (PVF), Polyvinylidene Fluoride (PVDF), and other Liquid Crystal Polymers (LCP).

• Polyamide (PA): Covers Aramid, Polyamide 6, Polyamide 66, and Polyphthalamide.

• Polybutylene Terephthalate (PBT)

• Polycarbonate (PC)

• Polyether Ether Ketone (PEEK)

• Polyethylene Terephthalate (PET)

• Polyimide (PI)

• Polymethyl Methacrylate (PMMA)

• Polyoxymethylene (POM)

• Styrene Copolymers: Acrylonitrile Butadiene Styrene (ABS) and Styrene Acrylonitrile (SAN)

End-User Industry Insights

• Aerospace

• Automotive

• Construction and Building

• Electrical and Electronics

• Industrial and Machinery

• Packaging

• Others

Regional Insights

The South Korea engineering plastics market is segmented regionally into Seoul Metropolitan Area, Yeongnam (Southeastern region), Honam (Southwestern region), Hoseo (Central region), and Others. The report does not specify regional market shares or CAGR values. However, the Seoul Metropolitan Area and manufacturing hubs significantly influence market growth due to dense industrial bases and technological advancements. This regional distribution supports balancing traditional applications with innovative solutions within the country.

Key Players

• INEOS Group

• Kolon Industries Inc.

• Korea Engineering Plastics Co. Ltd.

• Kumho Petrochemical

• LG Chem (LG Corp)

• Lotte Chemical Corporation (Lotte Corporation)

• Samyang Corporation

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302