Honam Petrochemical Corporation SWOT Analysis, Competitors & USP

Posted in Industrial Products and Chemicals, Total Reads: 3578

SWOT Analysis of Honam Petrochemical Corporation with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Honam Petrochemical Corporation

Parent Company

Lotte Group




Industrial Products and Chemicals

Tagline/ Slogan

Supports your high living standard with supreme products and services


Presence in plastics, synthetics as well as petrochemicals covering the entire Korean belt.

Honam Petrochemical Corporation STP


Businesses and customers who demand improved performance and better quality

Target Group

Customers and businesses requiring basic chemicals and synthetic plastics as feedstock and domestic products.


A leader in creating an affluent future

Honam Petrochemical Corporation SWOT Analysis


Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Honam Petrochemical Corporation. Strengths are:

1. Market leader in Korea under the heavy chemical industry category.
2. Won the award for extensive research in R&D and innovative methods of manufacturing petrochemicals
3. A very broad and diverse range of products ranging from plastics and synthetics to basic chemicals.
4. World class plant sites in Yeosu Petrochemical Complex with extensive focus on R&D in areas like processing, specialty, chemicals and the environment.


Here are the weaknesses of Honam Petrochemical Corporation :

1. Limited market share in the Asian region, with many players and scattered geographic reach.
2. Financial position of the company heavily dependent on Korea


Following are the Opportunities of Honam Petrochemical Corporation :

1.Joint ventures with Mitsubishi Rayon Co. and ExxonMobil can create better trade networks and create an inflow of foreign exchange.
2. Business expansions  in the South Korean region and the Taiwan complex can create new markets for the company.
3. There are tremendous opportunities in emerging markets like India and China.


The threats of Honam Petrochemical Corporation are as mentioned :

1. Intense competition from several petrochemical giants in other regions.
2.M&A holds risk of inefficient integration, especially with players who are well established as petrochemical companies.

Honam Petrochemical Corporation Competition


Below are the 3 main Honam Petrochemical Corporation competitors :

3. Linde AG

The brandguide table above concludes the Honam Petrochemical Corporation SWOT analysis along with its marketing and brand parameters. Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry.


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