South Korea Aprotic Solvents Market Outlook

south korea's aprotic solvents market is expected to move into a strong growth phase due to rising demand from a number of downstream industries such as automotive, electronics, and food and beverage. aprotic solvents are widely used in the production of adhesives, coatings, printing inks, cosmetics, detergents, agricultural chemicals, and lubricants. they are superior to their protic counterparts and provide superior performance, such as low reactivity and reduced cost. the market growth has been driven by rising industrial and manufacturing activities in south korea, owing to increasing living standards and rising consumer demand. in addition, increasing demand for greener solvents to replace traditional solvents has been a major factor driving the market. advances in the biotechnology sector, including bio-based formulations, have also helped to grow the market. the market of aprotic solvents in south korea is highly fragmented with local and international suppliers dominating the market share. on the other hand, there has been a surge in imports in the past few years, leading to a higher degree of competitive intensity in the market. leading players such as dow chemical company, basf se, solvay sa, and mitsubishi gas chemical co. hold a dominating market share in the aprotic solvents market. the south korean aprotic solvents market is mainly driven by the automotive, electronics, and food and beverage industries. the automotive industry is the largest end-user in the aprotic solvents market, where it is used to produce a number of components including paint and coatings. in addition, the electronics industry is making use of aprotic solvents for their superior performance in production processes such as cleanliness and safety. the food and beverage industry is another key end-user of aprotic solvents, as they are used for various applications such as flavoring and coloring of food items. overall, the outlook for the south korea aprotic solvents market is looking positive in 2018. the demand for aprotic solvents is expected to grow steadily in the coming years as a result of rising application in various end-use industries and increasing demand for greener solvents.