Songwon Industrial Group
Songwon Industrial Group is a publicly traded Korean specialty chemicals manufacturer and the world's second-largest polymer stabilizer producer, selling antioxidants, UV stabilizers, One Pack Systems, TPU resins, and coating additives under proprietary brands to global plastics, automotive, packaging, and industrial customers across eight countries.
- Company typePublic
- Founded1965
- HeadquartersUlsan, South Korea
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Songwon Industrial Group does
Songwon Industrial Group is a South Korea-founded, Switzerland-headquartered specialty chemicals manufacturer established in 1965 and publicly traded on the Korea Stock Exchange (ticker 004370). It is the world's second-largest manufacturer of polymer stabilizers, producing antioxidants, UV absorbers, light stabilizers (HALS), and One Pack Systems (OPS) under proprietary brand families including SONGNOX, SONGSORB, SONGXTEND, SONGSTAB, SONGSTOMER, and HI-THANE. The company also produces fuel and lubricant antioxidants, coating additives, thermoplastic polyurethane (TPU/SPU) resins, tin intermediates, PVC stabilizers, and emerging electronic-materials specialty chemicals.
The company operates six manufacturing facilities (three in Korea, one in Germany, one in China, plus a One Pack System joint venture in China) and an additional facility in India acquired from SeQuent Scientific in 2014, organized as twelve legal entities across eight countries on three continents. Revenue is generated through B2B sales of formulated specialty chemicals sold by volume under multi-year contracts with quote-based pricing; distribution combines direct sales offices in nine markets with exclusive regional distributor partnerships (Biesterfeld in Europe, Omya in Latin America, Chempart in MENA, TCL Hofmann in Australia/New Zealand, Depotchem in Israel, UTS in Russia, and Bodo Möller Chemie). Customers span automotive, packaging, building & construction, wire & cable, fuels & lubricants, textile & fibers, electrical & electronics, and agriculture end-markets, served by enterprise sales teams with technical support. FY2022 consolidated sales reached 1,329,509 million KRW (~$1B USD) with 22.7% gross margin and 131,932 million KRW net profit; subsequent years through FY2025 have shown substantial revenue and profit contraction amid chemical-sector headwinds.
Songwon Industrial Group firmographics
Firmographics- Name
- Songwon Industrial Group
- Legal name
- Songwon Industrial Co., Ltd.
- Website
- https://songwon.com
- Company type
- Public
- Founded year
- 1965
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Songwon Industrial Group is a publicly traded Korean specialty chemicals manufacturer and the world's second-largest polymer stabilizer producer, selling antioxidants, UV stabilizers, One Pack Systems, TPU resins, and coating additives under proprietary brands to global plastics, automotive, packaging, and industrial customers across eight countries.
- Ownership category
- akta.pro rank
Songwon Industrial Group industry classification
Industry- Product category
- Specialty Chemicals
- NAICS
- Paint, Coating, and Adhesive Manufacturing (3255), Custom Compounding of Purchased Resins (325991), Resin and Synthetic Rubber Manufacturing (32521), Paint and Coating Manufacturing (325510)
- SIC
- Industrial Organic Chemicals (2860), Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851), Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Miscellaneous Chemical Products (2890)
- akta.pro primary industry
- Polymer Additives & Modifiers (Stabilizers, Plasticizers, Impact Modifiers, FRs) (IMAEANAK)
- akta.pro secondary industries
- Polymer Additives & Modifier Manufacturing (Stabilizers, Plasticizers, Impact modifiers, Flame retardants) (IMANAAAI), Coating & Adhesive Raw Materials (Resins, Additives, Solvents) (IMAEAGAK), Adhesives & Sealants Chemicals (IMAEABAA)
Keywords
Where Songwon Industrial Group is headquartered
LocationHeadquarters
- HQ city
- Ulsan
- HQ country
- South Korea
- HQ region
- Asia
Offices11 records
Markets served
Songwon Industrial Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Polymer Stabilizers: Primary revenue driver. Manufactures and sells a comprehensive range of polymer stabilizers including antioxidants, UV absorbers, and HALS to plastics manufacturers worldwide. This is the core business generating the majority of revenue.
- Fuel and Lubricant Additives: Antioxidants for lubricants and fuels that retard oxidation and extend engine oil drain intervals. Sold to lubricant manufacturers and fuel producers.
- Coatings Additives: UV absorbers, light stabilizer blends, and stabilization packages for coatings, adhesives, and sealants used in industrial and architectural coatings.
- TPU/SPU Polymers: Thermoplastic polyurethane and specialty polyurethane polymers for films, wire & cable, injection molding, and flexible packaging applications.
- Tin Intermediates / PVC Additives: Tin intermediates used as catalysts in electrodeposition coating and esterification reactions, along with PVC stabilizers and plasticizers.
- Specialty Chemicals: Specialty chemicals for fast-moving industries including electronic materials and functional monomers for semiconductor applications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B specialty chemicals pricing |
Go-to-market motion3 records
Distribution channels8 records
Marketing channels8 records
Songwon Industrial Group product offering
Product offeringCore offering
SONGWON Industrial Group manufactures and globally supplies specialty chemical additives organized into six business units: polymer stabilizers (antioxidants and UV stabilizers under the SONGNOX®, SONGSORB®, SONGXTEND®, and SONGSTAB™ brands), fuel and lubricant additives, coatings additives, thermoplastic polyurethane resins (TPU/SPU), tin intermediates and PVC additives, and specialty chemicals for electronics. Products are sold in multiple physical forms (liquids, powders, pastes, free-flowing) and as One Pack System (OPS) pre-formulated packages to plastics, automotive, packaging, wire & cable, construction, fuels & lubricants, electronics, and textile manufacturers worldwide.
Product overview
SONGWON Industrial Group is the world's second largest manufacturer and supplier of polymer stabilizers, offering a broad range of specialty chemicals organized into six core business units: Polymer Stabilizers (antioxidants and light stabilizers including SONGNOX®, SONGSORB®, SONGXTEND®, and SONGSTAB™ brands), Fuel and Lubricant Additives (antioxidants including SONGNOX® L series), Coatings (UV absorbers and stabilizer blends), TPU/SPU (thermoplastic polyurethanes including Songstomer® and HI-THANE® polyurethane solutions), Tin Intermediates/PVC (catalysts and PVC stabilizers), and Specialty Chemicals (electronic materials and functional monomers). The company operates manufacturing facilities in Korea, Germany, China, and India, with twelve companies across eight countries serving global customers.
Differentiator
Problem solved
Functional benefit
Brands
- SONGNOX: Antioxidant product line including SONGNOX 9228 and various polymer antioxidant solutions
- SONGSORB
- SONGXTEND
- SONGSTAB
Products and services
- Polymer Stabilizers Comprehensive range of antioxidants and light stabilizers to prevent plastic degradation when exposed to heat, cold, and UV-light. Includes phenolic, aminic, phosphite, and thioester antioxidants and UV absorbers sold to plastics manufacturers globally.
- Fuel and Lubricant Additives Antioxidants for lubricants and fuels that provide protection at high temperatures and extend engine oil drain intervals. Includes nonylated/-octylated diphenylamine antioxidants sold to lubricant manufacturers and fuel producers.
- Coatings Additives Coating additives including UV absorbers, light stabilizers, and stabilizer blends that provide color, texture, enhance appearance and extend useful life of coatings, adhesives, and sealants used in industrial and architectural applications.
- TPU / SPU (Thermoplastic Polyurethane) Thermoplastic polyurethane and specialty polyurethane resins for films, wire & cables, injection molding, extrusion, printing inks, flexible packaging and synthetic leather applications.
- Tin Intermediates / PVC Additives Tin intermediates serve as catalysts in electrodeposition coating and esterification reactions, while PVC additives act as stabilizers and plasticizers that impart higher durability to PVC plastic end products including pipes, cables, and profiles.
- Specialty Chemicals Specialty chemicals for fast-moving industries including electronic materials and functional monomers for various applications including semiconductors.
- SONGNOX Antioxidants Brand portfolio of polymer antioxidants including SONGNOX 9228 (high hydrolysis resistance for polyolefins), SONGNOX 1330 (general-purpose for polymer applications), and SONGNOX 5057 (liquid aminic antioxidant for polyols and elastomers).
- SONGSORB UV Absorbers and Light Stabilizers UV absorber product line including SONGSORB 1164 (triazine UV absorber for outdoor-exposed polyolefins), SONGSORB CS 171 (liquid UV absorber for coatings manufactured in Suwon, South Korea), and SONGSORB 5710 for various applications.
- SONGXTEND Stabilizer Solutions Stabilizer solutions product line including SONGXTEND 2721 for sustainable PP recycled resins and SONGXTEND 1301 for XPS flame retardant polystyrene applications, plus primary and secondary antioxidant blends evaluated for polyolefin mechanical recycling.
- SONGSTAB PVC Stabilizers PVC stabilizer product line including liquid composite stabilizers for plastisols and soft PVC, suspension PVC stabilizers, calcium-zinc stabilizers for wire & cable, and solid powder heat stabilizers for rigid PVC pipes and fittings.
- Songstomer TPU Products TPU innovation solutions for the wire and cable industry, film and sheet industry, and solvent-free adhesives applications.
- HI-THANE Polyurethane Solutions Polyurethane ink binder solutions for gravure and flexography printing inks, polyurethane laminating adhesives for flexible packaging, and solvent-free adhesives for flexible packaging laminates.
- SONGNOX L Series Lubricant Antioxidants Nonylated/-octylated diphenylamine antioxidant products including SONGNOX L670 and SONGNOX L570 for lubricant performance and extended drain intervals at high temperatures.
- One Pack Systems (OPS) Pre-formulated stabilizer packages combining multiple additives in a single delivery system for easier handling and consistent dosing in polymer processing, including the OPS joint venture with Qingdao Long Fortune in China and a planned new OPS facility in Saudi Arabia.
Quantifiable outcome
- 33.2% revenue growth in FY 2022 reaching 1,329,509 Million KRW
- +3 more outcomes
Companies that use Songwon Industrial Group
Customer profileNamed customers5 records
Segments8 records
Ideal customer profiles8 records
Songwon Industrial Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Songwon Industrial Group partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, regional and minor.
- BiesterfeldcoreBiesterfeld, an international distributor of specialty chemical products, expanded its distribution partnership with Songwon CS in January 2026 to include antioxidant and light stabilizer product lines SONGNOX CS and SONGSORB CS in 12 additional European countries. The newly covered territories include the Baltic States, Bulgaria, several Balkan nations, Ukraine, and Romania. The two companies previously cooperated in Italy, Austria, Poland, Portugal, Switzerland, Slovakia, Spain, the Czech Republic, Hungary, and parts of Germany. This expansion strengthens Biesterfeld's high-performance additives portfolio in key growth regions.
- OmyacoreExclusive partnership for Latin America with Omya, a leading distributor of specialty chemicals. Omya distributes Songwon's PVC additives throughout Latin American markets.
- Chempart PolymersregionalExclusive distributor in the MENA (Middle East and North Africa) region for Songwon's PVC additives starting January 2022.
- TCL HofmannregionalExclusive coatings distributorship for Australia and New Zealand. TCL Hofmann handles Songwon's business unit coatings products in these markets.
- Bodo Möller Chemie GmbHregionalExpanded distribution partnership covering polymer stabilizers and related products in European markets. The partnership provides broader market coverage for Songwon's additives portfolio.
- Depotchem Amgal LtdminorExclusive distributor for Israel starting January 2016. Depotchem is a leader in the distribution of chemicals and raw materials in Israel.
- United Trading System (UTS)regionalLong-term cooperation agreement with distributor UTS to supply the Russian petrochemical company SIBUR with additives used in polypropylene, polyethylene, rubbers, thermoplastic rubbers and PVC. Songwon supplies products while UTS handles local distribution and logistics in Russia.
- Qingdao Long Fortune Chemical Auxiliary Co., Ltd (QLF)coreJoint venture established in May 2015 with QLF in Qingdao, China for manufacturing and sales of One Pack System (OPS) products and polymer stabilizers. This joint venture serves the world's largest and fastest-growing polymer market in China.
- SeQuent Scientific LtdcoreAcquisition completed in August 2014 of SeQuent's specialty chemicals business division including polymer stabilizers business unit, manufacturing facility in Panoli, Gujarat, India, and local R&D team. This expanded Songwon's presence in the Indian market.
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
Songwon Industrial Group competitors and assessment
Company assessmentBroad incumbents
- BASF: Global chemical major with a leading polymer additives and stabilizer portfolio (including UV absorbers and antioxidants) serving plastics, coatings, and agriculture. Direct competitor to SONGWON's core polymer stabilizers business and significantly larger across all dimensions.
- Lanxess: German specialty chemicals company with significant presence in polymer additives, lubricant additives, and rubber chemicals. Comparable business model in stabilization chemistry and overlapping customer base in automotive and industrial applications.
- Evonik Industries: German specialty chemicals major with additives and specialty polymers including UV stabilizers and performance additives. Competes with SONGWON in polymer additives and shares customer base in plastics, coatings, and high-performance materials.
- Eastman Chemical: US specialty chemicals company with additives for plastics, coatings, and personal care including UV stabilizers and performance additives. Larger incumbent competing in adjacent applications with comparable B2B specialty chemical distribution.
Direct peers
- Clariant: Specialty chemicals company with a focused additives portfolio including polymer stabilizers, UV absorbers (e.g., Hostavin), and performance additives for plastics and coatings. Directly competes with SONGWON in the light stabilizer and antioxidant space.
- Solvay: Belgian specialty chemicals group with a polymer additives and stabilizer business serving plastics, coatings, and electronics. Listed alongside SONGWON as a top player in the UV stabilizers market and competes in similar end-use applications.
- Adeka Corporation: Japanese specialty chemicals company with a leading polymer additives portfolio including antioxidants, UV absorbers, and PVC stabilizers. Closest Asia-Pacific peer to SONGWON with directly overlapping stabilizer product lines.
- Baerlocher: German specialty additives manufacturer focused on PVC stabilizers (calcium-zinc, lead, tin-based) and polymer additives. Direct competitor to SONGWON's SONGSTAB PVC stabilizer product line and serves similar pipe, cable, and profile customers.
- PMC Group: US-based specialty chemicals manufacturer with polymer additives, stabilizers, and lubricant additives portfolios. Comparable mid-sized specialty chemical player competing in similar end markets including plastics, packaging, and lubricants.
- SI Group: Global manufacturer of performance additives including polymer stabilizers, antioxidants, and specialty resins for plastics, rubber, and adhesives. Similar business model and customer base to SONGWON's polymer stabilizers and specialty chemicals business.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Songwon Industrial Group social profiles
Digital presenceSongwon Industrial Group compliance and trust
Trust signalCompliance2 records
Songwon Industrial Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Songwon Industrial Group leadership team
Management profileNumber of profiles
Profiles9 records
Songwon Industrial Group subsidiaries and ownership
Company hierarchySubsidiaries2 records
Songwon Industrial Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Songwon Industrial Group M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Songwon Industrial Group
What does Songwon Industrial Group do?
SONGWON Industrial Group manufactures and globally supplies specialty chemical additives organized into six business units: polymer stabilizers (antioxidants and UV stabilizers under the SONGNOX®, SONGSORB®, SONGXTEND®, and SONGSTAB™ brands), fuel and lubricant additives, coatings additives, thermoplastic polyurethane resins (TPU/SPU), tin intermediates and PVC additives, and specialty chemicals for electronics. Products are sold in multiple physical forms (liquids, powders, pastes, free-flowing) and as One Pack System (OPS) pre-formulated packages to plastics, automotive, packaging, wire & cable, construction, fuels & lubricants, electronics, and textile manufacturers worldwide.
Is Songwon Industrial Group a public or private company?
Songwon Industrial Group is a public company. It is classified as public and is currently operating.
When was Songwon Industrial Group founded?
Songwon Industrial Group was founded in 1965. It employs 1,001 to 5,000 people.
Where is Songwon Industrial Group based?
Songwon Industrial Group is headquartered in Ulsan, South Korea, in the Asia region.
How does Songwon Industrial Group make money?
Six revenue lines are on record. Polymer Stabilizers are the primary driver. The others are fuel and Lubricant Additives, coatings Additives, TPU/SPU Polymers, tin Intermediates / PVC Additives and specialty Chemicals.
Who are Songwon Industrial Group's main competitors?
Broad incumbents on record are BASF, Lanxess, Evonik Industries and Eastman Chemical. Direct peers are Clariant, Solvay, Adeka Corporation, Baerlocher, PMC Group and SI Group.
Does Songwon Industrial Group have an API?
No public API is recorded for Songwon Industrial Group.
What industry is Songwon Industrial Group in?
Songwon Industrial Group's product category is Specialty Chemicals. Its primary akta.pro industry code is IMAEANAK, Polymer Additives & Modifiers (Stabilizers, Plasticizers, Impact Modifiers, FRs), with a secondary code of IMANAAAI, Polymer Additives & Modifier Manufacturing (Stabilizers, Plasticizers, Impact modifiers, Flame retardants). Its NAICS code is 3255 and its SIC code is 2860.