South Korea Solvent-Based Contact Adhesives Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.45 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The South Korea Solvent-Based Contact Adhesives Market has seen significant growth in recent years, fueled by the increasing demand from various industries. These adhesives, which are typically made from a mixture of organic solvents and elastomers, provide a strong, flexible bond for materials such as wood, metal, and plastic. Their fast-setting properties and resistance to heat, water, and chemicals make them ideal for use in industries such as automotive, construction, electronics, and furniture manufacturing.
One of the key drivers behind the rising demand for solvent-based contact adhesives in South Korea is the country’s robust manufacturing sector. As industries continue to expand and develop, especially in sectors like automotive production and electronics, the need for reliable adhesives to bond parts and materials has surged. Solvent-based contact adhesives are particularly popular in these industries due to their high bonding strength and versatility.
Additionally, the South Korean construction industry has also significantly contributed to the market growth. With an increasing number of infrastructure projects and residential developments underway, the demand for strong, durable adhesives for flooring, wall panels, and insulation materials has risen. Solvent-based contact adhesives are often the preferred choice due to their ability to provide instant bonding without requiring clamping or additional pressure.
The electronic sector, too, plays a pivotal role in the market’s demand. As electronic devices become more compact and complex, the need for high-performance adhesives for assembling delicate components, such as screens, sensors, and circuit boards, continues to grow. Solvent-based contact adhesives offer excellent performance in such intricate applications.
While the demand for solvent-based adhesives is on the rise, environmental concerns surrounding the use of volatile organic compounds (VOCs) in these products have sparked significant interest in developing low-VOC and eco-friendly alternatives. Nevertheless, solvent-based contact adhesives remain a crucial component of South Korea's industrial landscape, valued for their effectiveness and versatility in meeting the requirements of various sectors.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Solvent-Based Contact Adhesives Market
Neoprene-Based Adhesives
Polyurethane-Based Adhesives
Synthetic Rubber-Based Adhesives
Natural Rubber-Based Adhesives
Others
Interior Components
Exterior Components
Sound Insulation
Aerospace
Marine
HVAC
Textiles
Packaging
Solvent-Based Contact Adhesives
Environmentally Friendly Formulations
Water-Resistant Formulations
Aerosol Cans
Tubes
Cans
Bulk Containers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Solvent-Based Contact Adhesives Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Solvent-Based Contact Adhesives Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Solvent-Based Contact Adhesives Market, By Type
6. South Korea Solvent-Based Contact Adhesives Market, By Application
7. South Korea Solvent-Based Contact Adhesives Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Solvent-Based Contact Adhesives Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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