South Korea Insulated Wall System Market was valued at USD 1.3 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The South Korean insulated wall system market is experiencing significant growth, driven by stringent government regulations and a heightened focus on energy efficiency. With policies mandating Zero-Energy Building (ZEB) standards for public buildings over 500 m² since 2022 and extending to all public structures by 2024, the demand for advanced insulation solutions has surged. These regulations aim to achieve ZEB grade 3 for public buildings, signifying an energy independence rate of 60% to 80% by 2030.
In the private sector, similar mandates are being implemented. Buildings exceeding 100,000 m² have been required to obtain ZEB certification since 2023, with plans to include structures over 1,000 m² after 2025. This regulatory landscape underscores the critical role of insulated wall systems in meeting South Korea's ambitious energy efficiency targets.
Industries such as petrochemicals, power generation, and manufacturing are at the forefront of adopting insulated wall systems. These sectors prioritize insulation to enhance thermal performance, reduce energy consumption, and comply with environmental standards. The government's support through financial incentives for sustainable building practices further propels this trend.
Key materials utilized in insulated wall systems include:
Glass Wool: Valued for its thermal resistance and versatility.
Stone Wool: Recognized for its fire-resistant properties.
Plastic Foam: Appreciated for its ease of installation and lightweight nature.
These materials are strategically chosen based on specific industry requirements and building codes.
Geographically, industrial hubs like Seoul, Busan, and Incheon are witnessing heightened demand for insulated wall systems, aligning with concentrated industrial activities and infrastructure development in these regions.
Manufacturers are responding by developing innovative, high-performance insulation materials to meet the evolving needs of industries and comply with stringent energy efficiency regulations. Collaborations with contractors and end-users are becoming common to enhance product application and market penetration.
As South Korea continues its commitment to environmental sustainability and energy conservation, the insulated wall system market is poised for sustained growth, playing a pivotal role in achieving the nation's energy efficiency and sustainability objectives.
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Dupont
MBCI
Kingspan
Metecno
Structural Panels
Thermocore
BlueScope Steel
Melt-Span
InSoFast
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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 Insulated Wall System Market
Residential
Commercial
Industrial
Institutional
Polyurethane
Polystyrene
Mineral Wool
Polyisocyanurate
Others
Pre-insulated Panels
Insulated Concrete Forms (ICF)
Insulated Metal Panels (IMP)
Structural Insulated Panels (SIP)
Building & Construction
Automotive
Energy
Food & Beverages
Aerospace
Rigid Foam Insulation
Fiberglass Insulation
Spray Foam Insulation
Mineral Insulation
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Insulated Wall System 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 Insulated Wall System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Insulated Wall System Market, By Type
6. South Korea Insulated Wall System Market, By Application
7. South Korea Insulated Wall System Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Insulated Wall System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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