South Korea Thermoplastic Composites Market Size, Share, and COVID-19 Impact Analysis, By Resin Type (Polyamide, Polypropylene, PEEK, Hybrid, and Others), By Fiber Type (Glass Fiber, Carbon Fiber, and Others), and South Korea Thermoplastic Composites Market Insights, Industry Trend, Forecasts to 2035

South Korea Thermoplastic Composites Market Insights Forecasts to 2035

• The South Korea Thermoplastic Composites Market Size was Estimated at USD 1001.66 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 12.31% from 2025 to 2035
• The South Korea Thermoplastic Composites Market Size is Expected to Reach USD 3590.36 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Thermoplastic Composites Market Size is anticipated to reach USD 3590.36 Million by 2035, growing at a CAGR of 12.31% from 2025 to 2035. Growing as a result of the automotive and aerospace industries' increased need for lightweight, high-strength materials, which is being fueled by fuel efficiency laws and the growth of electric vehicles.

Market Overview

The manufacturing and use of fiber-reinforced thermoplastics with lightweight, long-lasting, and recyclable qualities are part of the thermoplastic composites market in South Korea. Additionally, the government's efforts to support advanced materials and the focus on sustainability and energy efficiency are important factors driving the market. The Korean government's investment in green technology and research is encouraging the development of innovative composite materials, which is in line with worldwide trends toward ecologically friendly production techniques. Thermoplastic composites are being actively used by the South Korean auto industry to enhance vehicle performance and adhere to strict fuel efficiency standards. Further, the growth of electric vehicles (EVs), which require lightweight components to maximize battery efficiency, presents opportunities for investigation. As the production of electric vehicles rises, manufacturers are using thermoplastic composites more and more to improve energy efficiency and further reduce overall weight. Recent trends show that the production of thermoplastic composites in South Korea is increasingly incorporating advanced manufacturing techniques, such as 3D printing. This evolution not only increases design flexibility but also streamlines production processes, which helps businesses innovate more quickly.

Report Coverage

This research report categorizes the market for the South Korea thermoplastic composites 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 thermoplastic composites 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 thermoplastic composites market.

Driving Factors

The South Korean thermoplastic composites market is expanding rapidly due to advancements in manufacturing technologies like 3D printing and automated composite production methods. Numerous industries are finding thermoplastic composites more appealing as a result of these technologies' improvements to their properties and reduction of production costs. The South Korean government is developing programs to promote innovation in composite manufacturing in partnership with academic institutions and research centers. Accordingly, it is predicted that by 2030, the production of thermoplastic composites will be 30% more efficient and use 30% fewer resources thanks to the implementation of advanced manufacturing techniques. The overall expansion of the South Korean thermoplastic composites market industry will be greatly aided by this technological change.

Restraining Factors

High production costs, intricate processing specifications, and restricted material compatibility are the main barriers to the thermoplastic composites market in South Korea. Broader application is also hampered by low market awareness, difficulties adopting designs, and problems with regulatory compliance, particularly in industries that demand advanced performance and recyclability.

Market Segmentation

The South Korea thermoplastic composites market share is classified into resin type and fiber type.

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

The South Korea thermoplastic composites market is segmented by resin type into polyamide, polypropylene, peek, hybrid, and others. Among these, the polyamide segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Polyamide is a great option for applications needing durability and chemical resistance because of its exceptional mechanical qualities and adaptability.

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

The South Korea thermoplastic composites market is segmented by fiber type into glass fiber, carbon fiber, and others. Among these, the glass fiber segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Glass fiber is in high demand in industries like construction and automotive, where durability is essential and can result in increased fuel efficiency, due to its advantageous strength-to-weight ratio.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea thermoplastic composites 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

• Toray Advanced Materials Korea Inc.
• Kolon Industries Inc.
• Hyosung Advanced Materials
• LG Chem
• Mitsubishi Chemical Korea
• Solvay Korea
• 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 Thermoplastic Composites Market based on the below-mentioned segments:

South Korea Thermoplastic Composites Market, By Resin Type

• Polyamide
• Polypropylene
• PEEK
• Hybrid
• Others

South Korea Thermoplastic Composites Market, By Fiber Type

• Glass Fiber
• Carbon Fiber
• Others