South Korea Commodity Adhesive Tapes Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.2 Billion by 2030, growing at a CAGR of 5.9% from 2024 to 2030.
South Korea's commodity adhesive tapes market is experiencing significant growth, driven by diverse industrial applications and evolving sector requirements. In 2022, the market was valued at $37.0 million and is projected to reach $85.2 million by 2031, reflecting a compound annual growth rate (CAGR) of 9.77%. The single-sided tape segment is expected to be the largest contributor, growing from $23.6 million in 2022 to $54.5 million by 2031.The automotive industry is a primary consumer of adhesive tapes in South Korea. With the sector accounting for 13% of the nation's manufacturing production and employing approximately 12% of the workforce, the demand for high-performance adhesive solutions is substantial. Hyundai Motor Group's announcement to invest KRW 63 trillion (USD 48 billion) by 2025, focusing on electric vehicle production and advanced manufacturing technologies, underscores the critical role of adhesive tapes in vehicle assembly and component bonding.In the healthcare sector, the medical adhesive tapes market generated revenue of USD 448.1 million in 2023 and is expected to reach USD 722.6 million by 2030, growing at a CAGR of 7.1%. This growth is driven by the increasing demand for advanced medical devices and surgical equipment that require specialized adhesive solutions.The packaging industry is also a significant consumer of adhesive tapes, particularly with the shift towards sustainable solutions. Manufacturers are adopting water-based and hot-melt adhesives to meet environmental regulations and consumer preferences for eco-friendly packaging.Key players in the South Korean adhesive tapes market include 3M, Tesa SE, and Nitto Denko Corporation. These companies dominate a significant share of the market due to their extensive product offerings and wide distribution networks. The government's initiatives to promote advanced manufacturing technologies and energy efficiency further support the market's expansion. The National Industrial Strategy aims to boost technological innovation and increase the share of high-value-added manufacturing, directly impacting the demand for industrial tapes.In summary, the commodity adhesive tapes market in South Korea is poised for robust growth, driven by the automotive, healthcare, and packaging industries' evolving needs. The focus on sustainable and high-performance adhesive solutions aligns with the country's industrial advancements and environmental commitments.
Get an In-Depth Research Analysis of the South Korea Commodity Adhesive Tapes Market Size And Forecast [2025-2032]
Â
3M
tesa
Nitto Denko
Lintec
Intertape Polymer
Avery Dennison Corporation
Lohmann GmbH
Berry Global
Scapa Group
Â
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.
Get Discount On The Purchase of the South Korea Commodity Adhesive Tapes Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Commodity Adhesive Tapes Market
Masking Tape
Duct Tape
Electrical Tape
Double-Sided Tape
Packaging Tape
Surface Protection Tape
PVC (Polyvinyl Chloride)
Polypropylene
Paper
Cloth
Foam
Construction
Automotive
Electronics
Consumer Goods
Healthcare
Aerospace
Sealing
Binding
Insulation
Surface Protection
Labeling
Thin Tapes (up to 0.1 mm)
Medium Tapes (0.1 mm - 0.5 mm)
Thick Tapes (above 0.5 mm)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Commodity Adhesive Tapes Market Research Analysis
1. Introduction of the South Korea Commodity Adhesive Tapes 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 Commodity Adhesive Tapes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Commodity Adhesive Tapes Market, By Type
6. South Korea Commodity Adhesive Tapes Market, By Application
7. South Korea Commodity Adhesive Tapes Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Commodity Adhesive Tapes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/