South Korea Recycled Styrenics Market

South Korea Recycled Styrenics Market Size Report – In a Glance

As per the survey report on South Korea recycled styrenics market, the market is expected to foresee a CAGR value of 5.6% during 2025-2035, and further generate a market size of USD 178.9 million by the end of 2035. In 2025, the market size was value at USD 97.9 million revenue.

• The South Korea recycled styrenics market’s growth is driven by rising stringent regulations and concerns over environment impact.
• KDMI analyst’s growth analysis foresees rising demand for sustainable products as the growth drivers for South Korea recycled styrenics market.

South Korea Recycled Styrenics Market Analysis

Recycled Styrenics refers to styrene-based polymers like polystyrene, which are reprocesses or recycled to create new and high-quality materials, this supports in reducing environment emission. These materials are easy to recycle as they are easily sortable and possess quality even after recycling procedure. The usage of recycled styrenics is growing due to environment regulations and sustainable method. The South Korea recycled styrenics market growth is driven by rising stringent environment laws and consumer preference shifting towards sustainable products. The reports represent, South Korea’s plastic recycling rate is accounted for 73%, which is higher than global average. South Korea imposes stricter policies for plastic management including separate bins for plastic containers, PET bottles, metal cans, and more, and stricter rules to follow guidelines by every resident. These laws and corrective actions drive the demand for recycled styrenics in the market. POWERWRAP Corporation, Livingcos Co Ltd, and Mapro Co Ltd are some of the significant participants in the South Korea recycled styrenics market.

South Korea Recycled Styrenics Market Growth Drivers and Restraints

Growth Drivers

• Rising demand for sustainable products and focus on circular economy – The South Korean government is continuously imposing stricter rules and regulations regarding environment emissions, which promotes recycling initiatives and support in adopting recycled styrenics in the industries. This increased adoption of advancement, sustainability, and low-emission products help to reduce plastic waste in the country. Government laws and policies help in driving demand for sustainable materials in industries like automotive, electronics, and others. These laws also encourage organizations to adopt innovative solutions in producing sustainable materials for packaging, construction, and other consumer goods. Growing demand and increased awareness of recycled products, create a stronger market for recycled styrenics and contributed to the market growth.
• Growing demand from packaging and automotive industries – The expansion of packaging and automotive industry in the country is influencing the demand for recycled styrenics in the market. Recycled styrenics like polystyrene are widely used in packaging industry, automotive components, and other consumer products to maintain productivity of products. South Korea’s electronic and automotive industry creates a stronger demand for sustainable materials like polystyrene, as these materials are cost-friendly and sustainable in nature. These materials fulfill requirement of automotive and electronic industries for heavy-material products without compromising material quality, and thus leads to market growth.

Restraints

• Quality and performance concerns – The market faces major restraints such as quality and performance concerns over recycled materials. As the industries like electronics and automotive can not rely on low-quality materials. The products of consumer goods demand for high-quality packaging materials to maintain product’s efficiency, sustainability, and performance. These limitations associated with quality and performance concerns discourage industries to adopt such sustainability and severely impacts the market growth.

South Korea Recycled Styrenics Market Segmentation

Our experts at KD Market Insights have segmented the South Korea recycled styrenics market research report as:

South Korea Recycled Styrenics Market Competitive Landscape

Some of the significant participants in the South Korea recycled styrenics market share:

• 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