South Korea Recycled Styrenics Market Size, Share, and COVID-19 Impact Analysis, By Type (Recycled Polystyrene (rPS) and Recycled Acrylonitrile Butadiene Styrene (rABS)), By Application (Packaging, Automotive, and Electronics & Electrical (E&E)), and South Korea Recycled Styrenics Market Industry Trend, Forecasts to 2035

South Korea Recycled Styrenics Market Insights Forecasts to 2035

• The South Korea Recycled Styrenics Market Size Was Estimated at USD 87.65 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.8% from 2025 to 2035
• The South Korea Recycled Styrenics Market Size is Expected to Reach USD 162.9 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Recycled Styrenics Market is anticipated to reach USD 162.9 Million by 2035, growing at a CAGR of 5.8% from 2025 to 2035. The market is expected to increase steadily over the course of the forecast period due to rising environmental laws, customer demand for sustainable products, and the rising price of conventional styrenic resins.

Market Overview

The recycled styrenics market involves the processing and reuse of styrenic polymers such as polystyrene (PS) and acrylonitrile butadiene styrene (ABS) recovered from post-consumer and industrial waste. These materials are repurposed for applications in packaging, automotive, and electronics. The reduced environmental impact, conservation of resources, and cost savings. Growing awareness of plastic pollution and the need for circular economy solutions present strong market opportunities. Technological advancements in recycling processes are also enhancing material quality. In South Korea, government initiatives such as stricter regulations on single-use plastics, extended producer responsibility (EPR) programs, and incentives for using recycled materials are encouraging industries to adopt recycled styrenics. These efforts are driving innovation, sustainability, and growth within the market.

Report Coverage

This research report categorizes the market for South Korea recycled styrenics market based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea recycled styrenics market. Recent market developments and competitive strategies such as expansion, product launch, 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 South Korea recycled styrenics market.

Driving Factors

The increasing environmental concerns, rising demand for sustainable materials, and stringent government regulations on plastic waste management. Industries are shifting toward recycled alternatives to meet circular economy goals and reduce carbon footprints. Advancements in recycling technologies have improved the quality and applicability of recycled styrenics across sectors like packaging, automotive, and electronics. Additionally, growing consumer awareness and corporate sustainability commitments are pushing manufacturers to adopt recycled materials, fueling consistent market growth.

Restraining Factors

The high logistics costs, especially for low-density expanded polystyrene, make collection and transportation economically burdensome. Inconsistent waste segregation and contamination lower the recyclate quality, prompting incineration or landfilling instead. The high feedstock costs and limited market value of recycled PS further discourage recycling efforts.

Market Segmentation

The South Korea recycled styrenics market share is classified into type and application.

• The recycled polystyrene (rPS) segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea recycled styrenics market is segmented by type into recycled polystyrene (rPS) and recycled acrylonitrile butadiene styrene (rABS). Among these, the recycled polystyrene (rPS) segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. -free and recyclable PVC films are expected to sustain a strong CAGR during the forecast period. Its widespread use in packaging, insulation, and consumer goods. rPS offers cost-effective, lightweight, and durable solutions, making it highly preferred for sustainable applications. Growing environmental awareness and strict regulations on plastic waste drive demand for recycled materials like rPS. Additionally, advancements in recycling technologies improve quality and usability, supporting substantial CAGR growth during the forecast period as industries increasingly adopt eco-friendly materials.

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

The South Korea recycled styrenics market is segmented by application into packaging, automotive, and electronics & electrical (e&e). Among these, the packaging segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. The high demand for sustainable and cost-effective packaging materials. Recycled polystyrene and ABS offer lightweight, durable solutions ideal for protecting goods while reducing environmental impact. Increasing consumer preference for eco-friendly products and stricter government regulations on plastic waste management further drive growth. The expanding e-commerce sector and food packaging industry also contribute to rising demand, supporting a significant CAGR during the forecast period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea recycled styrenics 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 elaborate analysis focusing on the companies' current news and developments, including 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

• POWERWRAP Corporation
• Livingcos Co., Ltd.
• Hosan P&T Co., Ltd.
• Mapro Co., Ltd.
• Seokwang TPU Co., Ltd.
• Hyosung Chemical Corporation
• Kolon Industries Inc.
• Kumho Polychem Co., Ltd.
• HDC Hyundai EP
• Lotte Chemical Corporation
• J&J Co., Ltd.
• AllQ Company
• Others

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 recycled styrenics market based on the below-mentioned segments:

South Korea Recycled Styrenics Market, By Type

• Recycled Polystyrene (rPS)
• Recycled Acrylonitrile Butadiene Styrene (rABS)),

South Korea Recycled Styrenics Market, By Application

• Packaging
• Automotive
• Electronics & Electrical (E&E)