South Korea Calendered Polylactic Acid Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.3 Billion by 2030, growing at a CAGR of 12.0% from 2024 to 2030.
The South Korea calcium sulfate market plays a crucial role in various industries, serving a diverse range of applications. Calcium sulfate, a naturally occurring mineral, is used in sectors ranging from construction to agriculture, with its versatility driving demand across multiple verticals. In South Korea, the growing industrialization and innovation in production methods have further bolstered the market's expansion.
One of the key sectors utilizing calcium sulfate is the construction industry. Calcium sulfate, in the form of gypsum, is commonly used as a building material in the production of drywall, plaster, and cement. With South Korea's rapid urbanization and infrastructure development, the demand for gypsum-based products has surged. The growing need for residential, commercial, and industrial spaces has made gypsum a staple in construction material supply chains.
In the agricultural sector, calcium sulfate is an essential soil conditioner. It helps to improve soil structure by providing necessary calcium ions, which enhance the soil's ability to retain water and nutrients. This leads to better crop yields, particularly in areas with clay-heavy soils. South Korean farmers have increasingly turned to calcium sulfate to boost soil fertility and improve agricultural productivity, especially with the rise in organic farming practices.
Additionally, the food and beverage industry in South Korea uses calcium sulfate as a food additive. It serves as a firming agent in products like tofu and as a supplement for calcium fortification. The rising health consciousness among consumers has driven the demand for fortified food products, further fueling the calcium sulfate market's growth in this sector.
Moreover, calcium sulfate finds use in the medical and pharmaceutical industries, where it is used in the production of certain medical compounds and as a binder in tablets. The demand for calcium sulfate in South Korea's healthcare sector continues to grow, driven by the increasing focus on health and wellness, as well as the ongoing expansion of the pharmaceutical market.
In conclusion, the South Korea calcium sulfate market is shaped by its diverse applications across key industries such as construction, agriculture, food, and healthcare. As industrial and technological advancements continue, the demand for calcium sulfate is expected to increase, making it an essential mineral for South Korea's economic growth.
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BASF SE
NatureWorks LLC
Teijin Limited
Covestro AG
Zhejiang Hisun Biomaterials Co. Limited
Wilkinson Industries
Wei Mon Industry Co.
Ltd.
Shanghai Tong-jie-liang Biomateriois CO.
LTD.
Synbra Technology
CSM Purac
PHUSIS
Ningxia Hypow Biotechnology Co.
Limted
Musashino Chemical (China) Co.
Limited
Henan Jindan Lactic Acid Technology Co.
Limited
Galactic SA
Futerro
DaniMer Scientific
LLC.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Calendered Polylactic Acid Market
Packaging
Textiles
Automotive
Consumer Goods
Medical Applications
Construction Materials
Sheet and Film Extrusion
Blown Film Extrusion
Injection Molding
3D Printing
Rigid Sheets
Flexible Films
Coatings
Supports for 3D Printing
Food and Beverage
Fashion and Apparel
Healthcare and Pharmaceuticals
Construction and Building Materials
Electronics
Blend Formulations
Percentage of Fillers
Type of Additives
Plasticizers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Calendered Polylactic Acid Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Calendered Polylactic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Calendered Polylactic Acid Market, By Type
6. South Korea Calendered Polylactic Acid Market, By Application
7. South Korea Calendered Polylactic Acid Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Calendered Polylactic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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