South Korea Oil and Gas Market: Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine
The South Korea oil and gas market is expected to grow at a CAGR of around 3.0% during 2025-2034. This report on South Korea oil and gas market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the South Korea oil and gas market by segmenting the market based on sector and region. Also, detailed profiles of companies operating in the oil and gas market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Increased Demand for Refined Products
• Increased Demand from Industrial Sector
Market Challenges
• Lack of Domestic Reserves
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Sector
• Upstream
• Midstream
• Downstream
Market by Region
• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. South Korea Oil and Gas Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. South Korea Oil and Gas Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. South Korea Oil and Gas Market by Sector
- 5.1. Introduction
- 5.2. Upstream
- 5.3. Midstream
- 5.4. Downstream
- 6. South Korea Oil and Gas Market by Region
- 6.1. Introduction
- 6.2. Seoul Capital Area
- 6.3. Yeongnam (Southeastern Region)
- 6.4. Honam (Southwestern Region)
- 6.5. Hoseo (Central Region)
- 6.6. Others
- 7. SWOT Analysis
- 8. Porter’s Five Forces
- 9. Market Value Chain Analysis
- 10. Competitive Landscape
- 10.1. Competitive Scenario
- 10.2. Company Profiles
- 10.2.1. CNCITY Energy Co., Ltd
- 10.2.2. Daesung Industrial Co., Ltd.
- 10.2.3. GS Caltex Corp
- 10.2.4. Hankook Shell Oil Co., Ltd
- 10.2.5. Hyundai Oilbank Co., Ltd
- 10.2.6. Korea Gas Corporation (KOGAS)
- 10.2.7. Korea National Oil Corporation (KNOC)
- 10.2.8. Kukdong Oil & Chemicals Co., Ltd.
- 10.2.9. SGS Group
- 10.2.10. SK Energy
- List of Figures
- Figure 1: South Korea Oil and Gas Market (in US$ Million), 2020-2024
- Figure 2: South Korea Oil and Gas Market by Sector, 2024
- Figure 3: South Korea Oil and Gas Market by Region, 2024
- Figure 4: South Korea Oil and Gas Market (in US$ Million), 2025-2034
- Figure 5: South Korea Oil and Gas Market by Sector (in %), 2024 & 2034
- Figure 6: South Korea Upstream Oil and Gas Market (in US$ Million), 2020-2024
- Figure 7: South Korea Upstream Oil and Gas Market (in US$ Million), 2025-2034
- Figure 8: South Korea Midstream Oil and Gas Market (in US$ Million), 2020-2024
- Figure 9: South Korea Midstream Oil and Gas Market (in US$ Million), 2025-2034
- Figure 10: South Korea Downstream Oil and Gas Market (in US$ Million), 2020-2024
- Figure 11: South Korea Downstream Oil and Gas Market (in US$ Million), 2025-2034
- Figure 12: South Korea Oil and Gas Market by Region (in %), 2024 & 2034
- Figure 13: Seoul Capital Area Oil and Gas Market (in US$ Million), 2020-2024
- Figure 14: Seoul Capital Area Oil and Gas Market (in US$ Million), 2025-2034
- Figure 15: Yeongnam (Southeastern Region) Oil and Gas Market (in US$ Million), 2020-2024
- Figure 16: Yeongnam (Southeastern Region) Oil and Gas Market (in US$ Million), 2025-2034
- Figure 17: Honam (Southwestern Region) Oil and Gas Market (in US$ Million), 2020-2024
- Figure 18: Honam (Southwestern Region) Oil and Gas Market (in US$ Million), 2025-2034
- Figure 19: Hoseo (Central Region) Oil and Gas Market (in US$ Million), 2020-2024
- Figure 20: Hoseo (Central Region) Oil and Gas Market (in US$ Million), 2025-2034
- Figure 21: Other South Korean Regions Oil and Gas Market (in US$ Million), 2020-2024
- Figure 22: Other South Korean Regions Oil and Gas Market (in US$ Million), 2025-2034
- Figure 23: Market Value Chain
- List of Tables
- Table 1: South Korea Oil and Gas Market Portraiture
- Table 2: South Korea Oil and Gas Market by Sector (in US$ Million), 2024 & 2034
- Table 3: South Korea Oil and Gas Market by Region (in US$ Million), 2024 & 2034
- Table 4: List of Key Players
Research Assistance
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