SONGWON

Company Snapshot

Founded: 1965
Entity Type: Public
Employees: 971
Region: South Korea
Revenue: $785.3 Millions
Revenue Year: 2024
Headquarter: Ulsan, South Korea
Key Geographics: Americas, Europe, Asia-Pacific, Middle East and Africa
Corporate Address: 83, Jangsaengpo-ro Nam-Gu 44781 Ulsan, South Korea Tel. +82-52-273-9841 www.songwon.com

Company Overview

SONGWON is a leading specialty chemicals company. It has grown to become the second-largest manufacturer of polymer stabilizers worldwide and a key player in the production of specialty chemicals. The company’s product portfolio includes antioxidants, light stabilizers, plasticizers, tin intermediates, PVC stabilizers, and other polymer additives that elevate the performance and longevity of plastics and other materials. With a global presence spanning production facilities, offices, and technical centers across Asia, Europe, the Middle East, and North America, SONGWON serves diverse industries, including automotive, electronics, packaging, and construction. Known for its commitment to innovation and sustainability, the company invests significantly in research and development to create eco-friendly solutions and improve existing products.

Financial Highlights (FY 2024)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

This information is available for BCC Research members only.

SONGWON In Reports

Global Markets for Plastics Additives

BCC Research Market Analyst says global market for plastics additives reached $58.9 billion in 2023. The market is expected to grow from $61.5 billion in 2024 to $80.7 billion by 2029, at a CAGR of 5.6%.

Electronic Chemicals and Materials: The Global Market

BCC Research Market Report says global electronic chemicals and materials market should reach $76 billion by 2027 from $59.4 billion in 2022 at a CAGR of 5.0%.

Plastic Antioxidants: Global Markets to 2026

BCC Research Market Report for Plastic Antioxidant industry. Plastic Antioxidant market size and analyses of global market trends, with CAGRs through 2026.

Company's Business Segments

  • Industrial Chemicals : This segment includes the product lines polymer stabilizers, fuel and lubricant additives, and coatings.
  • Performance Chemicals : This segment includes includes the product lines thermoplastic polyurethanes / solution polyurethanes, tin intermediates / PVC stabilizers and plasticizers, and specialty chemicals.

Applications/End User Industries

  • Adhesives
  • Agriculture
  • Automotive
  • Building and Construction
  • Coatings
  • Durable and Consumer Goods
  • Electrical and Electronics
  • Fuels
  • Lubricants
  • Packaging
  • Textiles and Fibers
  • Wire and Cables
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