South Korea Structural Epoxy Adhesives Market was valued at USD 350 Million in 2022 and is projected to reach USD 520 Million by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The Structural Epoxy Adhesives Market in South Korea has been witnessing significant growth, driven by the country's robust industrial sectors and technological advancements. As industries increasingly prioritize durable and efficient bonding solutions, the demand for structural epoxy adhesives has surged across various applications.
In the construction industry, these adhesives are extensively utilized for their superior strength and resistance properties. They play a crucial role in bonding structural components, ensuring the integrity and longevity of buildings and infrastructure. The South Korean construction adhesives market, which includes epoxy variants, generated a revenue of USD 341.8 million in 2022 and is projected to reach USD 602.4 million by 2030, reflecting a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030.
The automotive sector also significantly contributes to the demand for structural epoxy adhesives. With South Korea being a prominent player in automobile manufacturing, the emphasis on lightweight and fuel-efficient vehicles has intensified. Epoxy adhesives are employed to bond different materials, reducing vehicle weight without compromising safety or performance. The South Korean adhesives market, encompassing various types including epoxies, is expected to grow from USD 1.34 billion in 2024 to USD 1.66 billion by 2028, at a CAGR of 5.62% during the forecast period.
Electronics manufacturing, another cornerstone of South Korea's economy, relies heavily on epoxy adhesives for assembling components that require precise and durable bonds. As the industry advances towards miniaturization and enhanced performance, the need for high-quality adhesives has become more pronounced. The Asia-Pacific epoxy adhesive market, with South Korea as a key contributor, is experiencing growth driven by these technological demands.
Moreover, the packaging industry is transitioning towards sustainable solutions, prompting the adoption of water-based and hot-melt epoxy adhesives. This shift aligns with global environmental initiatives and caters to consumer preferences for eco-friendly products.
In summary, the Structural Epoxy Adhesives Market in South Korea is poised for continued expansion, fueled by the dynamic requirements of its construction, automotive, electronics, and packaging industries. The emphasis on innovation and sustainability further propels the development and application of advanced adhesive solutions in the region.
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Henkel
Hexion
Sika
DuPont
Shanghai Kangda New Materials
H.B. Fuller
Bostik
3M
Parker LORD
Huntsman
Mapei
Ashland
MasterBond
ITW Performance Polymers
Adhesives Technology Corp
Jowat Adhesives
Permabond
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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 Structural Epoxy Adhesives Market
Two-Part Epoxy Adhesives
One-Part Epoxy Adhesives
Thermal-Curable Epoxy Adhesives
UV-Curable Epoxy Adhesives
Aerospace
Automotive
Construction
Electronics
Marine
Transportation
Industrial Manufacturing
Building and Construction
Automotive and Transportation
Electrical and Electronics
Aerospace and Defense
Marine Industry
Healthcare
Flexible Epoxy Adhesives
Rigid Epoxy Adhesives
High-Temperature Epoxy Adhesives
Low-Temperature Epoxy Adhesives
Heat-Cured Epoxy Adhesives
Room Temperature Cured Epoxy Adhesives
Accelerated Cured Epoxy Adhesives
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Structural Epoxy 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 Structural Epoxy Adhesives Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Structural Epoxy Adhesives Market, By Type
6. South Korea Structural Epoxy Adhesives Market, By Application
7. South Korea Structural Epoxy Adhesives Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Structural Epoxy Adhesives Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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