South Korea Epoxy and Polyurethane Adhesive Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The South Korea Epoxy and Polyurethane Adhesive Market has been rapidly growing due to the diverse requirements from various industries, including automotive, construction, electronics, and consumer goods. These adhesives are crucial in ensuring durable, high-strength bonds, and their increasing demand is a testament to their importance in industrial applications. The market, driven by technological advancements, showcases a wide array of epoxy and polyurethane adhesives that cater to different needs based on the materials they bond, environmental conditions, and the nature of the applications. Epoxy adhesives, known for their excellent adhesion properties and resistance to heat and chemicals, are widely used in industries like automotive and aerospace. On the other hand, polyurethane adhesives are appreciated for their flexibility, shock absorption properties, and ability to bond various materials, making them ideal for industries like construction and electronics.
In the South Korean market, both epoxy and polyurethane adhesives are extensively required by the automotive sector, where high-performance bonding solutions are vital for vehicle assembly, particularly in lightweight material integration and component durability. With the rise of electric vehicles (EVs), there is a growing need for adhesives that can withstand high temperatures and offer excellent mechanical strength. Polyurethane adhesives, with their flexible properties, are increasingly being used in the production of automotive parts, providing the required durability while reducing the weight of vehicles. Meanwhile, epoxy adhesives are more commonly utilized in the assembly of structural components and ensuring the overall safety and strength of automotive parts.
In the construction industry, the demand for high-quality adhesives is rising due to the increasing use of lightweight building materials, prefabricated structures, and advanced insulation technologies. Epoxy adhesives play a significant role in the construction of both residential and commercial buildings, offering enhanced strength and reliability. These adhesives are also essential in the installation of flooring, tiles, and glass facades. Polyurethane adhesives, known for their waterproof and weather-resistant qualities, are essential for outdoor applications such as roof sealing and window assembly, making them indispensable for the construction sector.
Electronics is another sector witnessing an upsurge in the use of epoxy and polyurethane adhesives. These adhesives are used extensively in the assembly of smartphones, televisions, and other electronic devices. Epoxy adhesives are crucial for components that require high heat resistance and electrical insulation, while polyurethane adhesives are used for their flexibility, which is necessary for products that undergo mechanical stress during usage. The growing electronics industry in South Korea ensures a sustained demand for these adhesives, which provide both performance and longevity to electronic devices.
As industries evolve, the South Korea Epoxy and Polyurethane Adhesive Market will continue to expand. With advancements in adhesive formulations, companies are developing products that are not only more efficient but also environmentally friendly. These new formulations will contribute to the market's growth as businesses increasingly focus on sustainable and cost-effective solutions to meet their production needs. The need for high-quality bonding agents in key sectors like automotive, construction, and electronics indicates a promising future for the epoxy and polyurethane adhesive market in South Korea.
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Appli-Tec
Henkel
Hexion
Sika
DuPont
Shanghai Kangda New Materials
H.B. Fuller
Bostik
3M
Lord Corporation
Huntsman
Mapei
Ashland
MasterBond
ITW Performance Polymers
Adhesives Technology Corp
Jowat Adhesives
Permabond
Illinois Tool Works
BASF
Huntsman Corporation
The Dow Chemical Company
HB FULLER COMPANY
Arkema Group
Covestro
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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 Epoxy and Polyurethane Adhesive Market
Epoxy Adhesives
Polyurethane Adhesives
Aerospace
Automotive
Construction
Electronics
Marine
Packaging
Woodworking
Solvent-Based
Water-Based
Hot Melt
Two-Part Systems
Aerospace and Defense
Automotive Manufacturing
Building and Construction
Consumer Goods
Electrical and Electronics
Marine Industry
Manufacturing and Assembly
Heat-Cured
Room Temperature-Cured
UV-Cured
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Epoxy and Polyurethane Adhesive 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 Epoxy and Polyurethane Adhesive Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Epoxy and Polyurethane Adhesive Market, By Type
6. South Korea Epoxy and Polyurethane Adhesive Market, By Application
7. South Korea Epoxy and Polyurethane Adhesive Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Epoxy and Polyurethane Adhesive Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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