South Korea Non-Ferrous Metals Market Overview
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 22.7 Billion
Market Forecast in 2033: USD 35.2 Billion
Market Growth Rate: 5%2025-2033)
According to the latest report by IMARC Group, the South Korea non-ferrous metals market size reached USD 22.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 35.2 Billion by 2033, exhibiting a growth rate (CAGR) of 5% during 2025-2033.
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South Korea Non-Ferrous Metals Industry Trends and Drivers:
The demand and subsequent changes in South Korea's non-ferrous metals market have taken place due to many factors stemming from the country's established industrial base and increasing demand for lightweight, defense metals (Mahjoubi, 2023). Major industries, e.g FY Electronics Inc., will increasingly use increasing amounts of metals like aluminum, copper, titanium, magnesium, and other low-density materials, due to their corrodability and strength-to-weight ratio (Brisbin, 2020). Sustainability is also influencing market-related changes, with significant improvements occurring around recycling technology and process waste reduction methods (Choi, &Yoon, 2023; Narayan, 2018). Also if the growth of alloy development advances, it may open up opportunities for more high-strength and/or lightweight materials for the development of high-tech products, e.g., batteries for electric vehicles and related renewable project (McCullough, 2021; Zhang &Qu). As a developer of technologies, South Korea is likely to continue using an increasing number of metals that strongly relate with all forms of technological development.
Another notable trend is the incorporation of smart manufacturing and digital technologies in the non-ferrous metals sector. Companies are utilizing automation, data collection, and data analytics to enhance production, creating precision and efficiencies in metalworking and processing. The increasing demand for sustainable products has also led manufacturers to research bio-based and low-impact alternatives to extraction. Meanwhile, the expansion of 5G infrastructure and construction of smart cities has increased the demand for conductive metals such as copper for telecommunications and urban projects. South Korea's focus on innovation and sustainability continues to shape the evolution of the non-ferrous metals industry, contributing to enhanced global competitiveness while enabling the country to achieve its industrial and environmental targets.
South Korea Non-Ferrous Metals Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest South Korea Non-Ferrous Metals Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
The report has segmented the market into the following categories:
Type Insights:
Aluminum
Copper
Lead
Tin
Nickel
Titanium
Zinc
Others
Application Insights:
Automobile Industry
Electronic Power Industry
Construction Industry
Others
Regional Insights:
Seoul Capital Area
Yeongnam (Southeastern Region)
Honam (Southwestern Region)
Hoseo (Central Region)
Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the South Korea Non-Ferrous Metals Market industry.
Key highlights of the Report:
Market Performance (2019-2024)
Market Outlook (2025-2033)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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