Chemicals & MaterialsJul 17, 2026

Songwon

Company Profile Analysis

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Songwon - Chemicals & Materials showcase

Year Founded & Workforce

1964-12-31

1,000 Employees

Industry

Chemicals & Materials

Services

Songwon Overview

Company Headquarters: Ulsan, South Korea

Workforce: ~1000

Founded: 1965

Company Working: Songwon engages in the production and supply of petrochemical products. The company caters to various end-use industries including adhesives, coatings, agriculture, automotive, building and construction, electrical and electronics, consumer goods, lubricants, packaging, and textiles. The company has nine manufacturing plants, three in South Korea, two in China, and one each in the US, India, and the UAE. It is the world’s second-largest producer of polymer additives and a key player in the global specialty chemicals business. Songwon’s other product lines include lube antioxidants, PVC additives, and polymers.

Strategy

Songwon aims at becoming a major global specialty chemicals company. The company has invested substantially in the research and development of its specialty chemicals product line. For instance, in 2017, it opened a new technological innovation center in Maeam, South Korea.

Company Snapshot

$580M

Revenue

1,000

Employees

1964-12-31

Founded

Ulsan, South Korea

Headquarters

SWOT Analysis

Strengths

Wide product portfolio
Leading producer in specialty chemicals
Vast global presence

Weaknesses

Dependency on suppliers

Opportunities

Collaborations with industry players

Threats

Intense competition from Tier 1 industry players
Currency exchange risks

Product Offering

Songwon
- High purity isobutylene

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Songwon as part of our ongoing coverage of the Chemicals & Materials sector, drawing on public company data, filings, and market intelligence.

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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Songwon

Company Headquarters: Ulsan, South Korea Workforce: ~1000 Founded: 1965 Company Working: Songwon engages in the production and supply of petrochemical products. The company caters to various end-use industries including adhesives, coatings, agriculture, automotive, building and construction, electrical and electronics, consumer goods, lubricants, packaging, and textiles. The company has nine manufacturing plants, three in South Korea, two in China, and one each in the US, India, and the UAE. It is the world’s second-largest producer of polymer additives and a key player in the global specialty chemicals business. Songwon’s other product lines include lube antioxidants, PVC additives, and polymers.

Starting from

$4,950