South Korea Non-Ferrous Metals Market Size, Share, and COVID-19 Impact Analysis, By Type (Aluminum, Copper, Lead, Tin, Nickel, Titanium, Zinc, and Others), By Application (Automobile Industry, Electronic Power Industry, Construction Industry, and Others), and South Korea Non-Ferrous Metals Market Insights, Industry Trend, Forecasts to 2035

South Korea Non-Ferrous Metals Market Insights Forecasts to 2035

• The South Korea Non-Ferrous Metals Market Size was Estimated at USD 21.4 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.33% from 2025 to 2035
• The South Korea Non-Ferrous Metals Market Size is Expected to Reach USD 37.9 Billion by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Non-Ferrous Metals Market Size is anticipated to reach USD 37.9 Billion by 2035, growing at a CAGR of 5.33% from 2025 to 2035. A few of the main factors propelling the market's expansion are the growing number of industrialization initiatives and significant investments in the creation of sophisticated extraction methods.

Market Overview

The South Korean non-ferrous metals market encompasses the creation, handling, and use of metallic elements with negligible iron content. These metals are distinguished by their exceptional electrical and thermal conductivity, malleability, and high resistance to corrosion. Because they are lightweight and recyclable, they are essential to many different industries. Additionally, in the context of South Korea's industrial landscape, the non-ferrous metals market is a vital and dynamic industry. These non-ferrous metals are crucial components of electronic devices, car parts, jewelry, home appliances, decorative items, satellites, airplanes, defense gear, medical devices, batteries, building materials, packaging, and industrial machinery, and they are used in a wide range of industries. Significantly, South Korea's non-ferrous metals have unique qualities like ductility, malleability, high corrosion resistance, low melting points, remarkable thermal and electrical conductivities, and non-magnetic qualities.

Report Coverage

This research report categorizes the market for the South Korea Non-ferrous metals market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea Non-ferrous metals market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea Non-ferrous metals market.

Driving Factors

Their affordability, portability, ease of use, and recyclability all add to their allure and help to lower energy use and adopt a more ecologically friendly strategy, which is another important growth-inducing element. Additionally, non-ferrous metals are used in many important industries, such as manufacturing, consumer electronics, automotive, aerospace, healthcare, defense, and construction, which supports the local market. The non-ferrous metals market will be positioned as a key driver of economic growth in the upcoming years due to South Korea's emphasis on industrial innovation and technological advancement.

Restraining Factors

The Operating costs for non-ferrous metal producers rise as a result of stricter environmental regulations and the requirement for sophisticated recycling technologies. Profitability and market stability are threatened by high processing costs and complicated regulations.

Market Segmentation

The South Korea Non-ferrous Metals Market share is classified into type and application.

• The aluminum segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea Non-ferrous metals market is segmented by type into aluminum, copper, lead, tin, nickel, titanium, zinc, and others. Among these, the aluminum segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Aluminum is a common material in electronics, automotive, and construction because of its high conductivity, low weight, and resistance to corrosion.

• The automobile industry segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea Non-ferrous metals market is segmented by application into automobile industry, electronic power industry, construction industry, and others. Among these, the automobile industry segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Non-ferrous metals, especially copper and aluminum, are used extensively in the production of automobiles because of their high conductivity, resistance to corrosion, and lightweight nature. The increasing demand for electric vehicles (EVs) has increased the use of non-ferrous metals in structural, wiring, and battery components.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea Non-ferrous metals market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Korea Zinc Co., Ltd.
• Young Poong Corporation
• LS MnM Inc
• DAECHANG Co., Ltd.
• SeAH M&S Corp.
• Others

Recent Developments:

• In June 2025, Industry representatives from POSCO, Hyundai Steel, KG Steel, the Korea Non-Ferrous Metals Association, Novelis Korea, and Lotte Aluminum met to discuss the impact of the U.S. tariff increase on steel and aluminum on South Korean industries. The meeting focused on evaluating the potential effects on domestic producers and formulating response strategies.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Non-Ferrous Metals Market based on the below-mentioned segments:

South Korea Non-Ferrous Metals Market, By Type

• Aluminum
• Copper
• Lead
• Tin
• Nickel
• Titanium
• Zinc
• Others

South Korea Non-Ferrous Metals Market, By Application

• Automobile Industry
• Electronic Power Industry
• Construction Industry
• Others