Advanced Composites Market size was valued at USD 45.23 Billion in 2024 and is forecasted to grow at a CAGR of 7.8% from 2026 to 2033, reaching USD 77.89 Billion by 2033.
South Korea's anaesthetic drugs and pain drugs market is experiencing significant growth, propelled by an aging population, advancements in surgical techniques, and evolving patient preferences. The general anesthesia drugs sector is projected to reach USD 108.7 million by 2030, growing at a CAGR of 5.6% from 2025 to 2030. Propofol stands out as both the largest and fastest-growing segment, reflecting its widespread adoption in various surgical procedures.
In the realm of pain management, the non-opioid pain patches market is expected to grow from USD 26.0 million in 2024 to USD 37.7 million by 2030, with a CAGR of 6.3%. Lidocaine patches currently lead in revenue, while capsaicin patches are emerging as the fastest-growing segment, indicating a shift towards alternative pain relief methods.
The non-steroidal anti-inflammatory drugs (NSAIDs) market is also on an upward trajectory, anticipated to reach USD 536.3 million by 2030, growing at a CAGR of 6.5%. Arthritis remains the largest revenue-generating indication, but migraine treatments are gaining momentum, highlighting the need for diverse pain management solutions.
Several factors contribute to this market expansion:
Aging Population: With over 16% of the population aged 65 or older, there's an increased demand for surgeries and pain management solutions.
Advancements in Healthcare: The rise of minimally invasive and robot-assisted surgeries necessitates effective anesthetic drugs.
Medical Tourism: South Korea's reputation for high-quality medical services attracts international patients, boosting demand for anesthetic and pain drugs.
Regulatory Oversight: The Ministry of Food and Drug Safety ensures compliance with Good Manufacturing Practices, maintaining high standards in drug production.
From a personal perspective, the emphasis on patient-centric care and the integration of innovative technologies in South Korea's healthcare system are commendable. The focus on developing drugs with enhanced safety profiles and the commitment to regulatory excellence set a benchmark for other nations.
In summary, South Korea's anaesthetic drugs and pain drugs market is poised for continued growth, driven by demographic shifts, technological advancements, and a robust healthcare infrastructure.
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AGY Holdings
Cytec Solvay
E. I. Dupont De Nemours and
Formosa Plasticsoration
Hexceloration
Huntsmanoration
Koninklijke Ten Cate NV
Momentive Performance Materials
Owens Corning
Plasan Carbon Composites
SGL-Group
TEIJIN FIBERS
Toray Industries
WS Atkins
Kemrock Industries and Exports
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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 Advanced Composites Market
Carbon Fiber Reinforced Polymer (CFRP)
Glass Fiber Reinforced Polymer (GFRP)
Aramid Fiber Reinforced Polymer (AFRP)
Natural Fiber Composites
Metal Matrix Composites (MMC)
Ceramic Matrix Composites (CMC)
Hand Lay-Up
Automated Fiber Placement (AFP)
Resin Transfer Molding (RTM)
Compression Molding
Filament Winding
3D Printing
Aerospace and Defense
Automotive
Construction
Marine
Sports and Recreational Equipment
Energy (Wind, Solar)
Structural Components
Interior Components
Electrical & Electronic Housing
Aerospace Components
Automotive Parts
Consumer Goods
Sheets and Panels
Filaments and Ropes
Prepregs
Films
3D Printed Parts
Complex Shapes & Molds
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Advanced Composites 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 Advanced Composites Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Advanced Composites Market, By Type
6. South Korea Advanced Composites Market, By Application
7. South Korea Advanced Composites Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Advanced Composites Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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