South Korea APP and SBS Modified Bitumen Membrane Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The South Korean market for Atactic Polypropylene (APP) and Styrene-Butadiene-Styrene (SBS) modified bitumen membranes is experiencing notable growth, driven by the nation's robust construction and infrastructure sectors. In 2020, the market was valued at $45.7 million and is projected to reach $73.1 million by 2029, reflecting a compound annual growth rate (CAGR) of 5.40%. The APP segment is anticipated to contribute significantly, growing from $14.7 million in 2020 to $23.4 million by 2029 at a CAGR of 5.32%, while the SBS segment is expected to reach $18.5 million by 2029 with a CAGR of 5.43%. citeturn0search5The increasing demand for durable and weather-resistant roofing solutions is a primary driver of this market expansion. APP and SBS modified bitumen membranes offer enhanced flexibility, superior waterproofing, and resistance to extreme temperatures, making them ideal for South Korea's diverse climate conditions. These attributes are particularly valued in residential and commercial construction, where long-lasting and efficient roofing systems are essential.In the industrial sector, these membranes are extensively utilized for waterproofing applications in infrastructure projects such as bridges, tunnels, and roads. Their robust performance under heavy loads and harsh environmental conditions ensures structural integrity and longevity, aligning with South Korea's focus on developing resilient infrastructure.Technological advancements have led to the development of self-adhesive and cold-applied modified bitumen membranes, simplifying installation processes and reducing labor costs. Additionally, the integration of recycled materials in production aligns with South Korea's sustainability goals, promoting eco-friendly construction practices.The APP and SBS Modified Bitumen Membrane Market in South Korea is poised for continued growth, driven by the construction industry's demand for high-performance, durable, and sustainable waterproofing solutions. As the nation advances its infrastructure and urban development projects, the adoption of these membranes is expected to rise, reinforcing their critical role in modern construction practices.
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Soprema Group
Sika
Fosroc
GAF
TehnoNICOL
Polyglass
Imperbit Membrane
Carlisle
ARDEX Group
Henkel Polybit
Protecto Wrap
Vetroasfalto
Tamko
EDIL ROOFING PRODUCTS
IKO Industries Ltd
ChovA
Bauder
General Membrane
Oriental Yuhong
CKS
Hongyuan Waterproof
Yuanda Hongyu
SKSHU
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 APP and SBS Modified Bitumen Membrane Market
Atactic Polypropylene (APP) Membranes
Styrene-Butadiene-Styrene (SBS) Membranes
Roofing Systems
Waterproofing
Bridge Decks
Parking Garages
Basements
Commercial Construction
Residential Construction
Industrial Infrastructure
Public Infrastructure
Renovation and Retrofitting
Standard Thickness (Under 3mm)
Medium Thickness (3mm - 4mm)
Heavy Thickness (Over 4mm)
Hot Applied
Cold Applied
Self-Adhesive
Mechanically Fastened
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea APP and SBS Modified Bitumen Membrane 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 APP and SBS Modified Bitumen Membrane Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea APP and SBS Modified Bitumen Membrane Market, By Type
6. South Korea APP and SBS Modified Bitumen Membrane Market, By Application
7. South Korea APP and SBS Modified Bitumen Membrane Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea APP and SBS Modified Bitumen Membrane Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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