Polycarbonate Market Overview in South Korea
In value terms, polycarbonate production declined dramatically to $ in 2019 estimated in export prices. In general, production, however, saw resilient growth. The growth pace was the most rapid in 2008 when the production volume increased by % y-o-y. Polycarbonate production peaked at $ in 2018, and then dropped remarkably in the following year.
The size of the polycarbonate market in South Korea totaled $ in 2019, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Polycarbonate consumption peaked in 2019 and is expected to retain growth in the near future.