South Korea Adhesives Market

Market Overview:

South Korea adhesives market size is projected to exhibit a growth rate (CAGR) of 5.85% during 2024-2032. The growing demand for automobiles with improved fuel efficiency and enhanced safety, increasing production of smartphones, semiconductors, and displays requiring precision bonding solutions, and rising construction activities represent some of the key factors driving the market.

Adhesives are used to bond two or more surfaces together by creating a strong, durable connection. They are available in various forms, such as liquids, pastes, tapes, and solid sticks. They work by forming a molecular or chemical bond between the adhesive material and the surfaces it is applied to and eliminating the need for mechanical fasteners like screws or nails. They do not add extra weight to the bonded materials as compared to traditional fasteners. They distribute stress more evenly across the bonded area and reduce the risk of stress concentrations that can lead to material failure. They can absorb vibrations and reduce noise, making them valuable in applications wherein noise reduction and vibration control are essential. They allow for more flexible and creative design options as they can bond dissimilar materials and conform to irregular shapes. They play a vital role in ensuring structural integrity and durability across a broad range of applications. They assist in enhancing the aesthetic appeal of finished products and improving efficiency in production processes. As they are beneficial in sealing joints and preventing the ingress of moisture, dust, and other contaminants, the demand for adhesives is rising in South Korea.

South Korea Adhesives Market Trends:

At present, the increasing employment of adhesives, as they improve the overall performance of products by providing thermal insulation, electrical conductivity, or other desired properties, represents one of the primary factors impelling the growth of the market in South Korea. In line with this, the growing demand for adhesives to reduce assembly time and labor costs is offering a positive market outlook in the country. Moreover, the increasing adoption of adhesives, as they can act as a barrier to prevent corrosion in metal joints, is supporting the market growth. Apart from this, there is a rise in the demand for improved fuel efficiency and enhanced vehicle safety in automobiles. This, coupled with the increasing production of smartphones, semiconductors, and displays requiring precision bonding solutions, is strengthening the market growth. Besides this, the rising traction of adhesives with eco-friendly properties and lower volatile organic compound (VOC) emissions that promote environmental sustainability is propelling the market growth in the country. Additionally, the increasing adoption of adhesives for medical device manufacturing, including wound care products, to ensure safe and hygienic applications is offering lucrative growth opportunities to industry investors. Furthermore, the rising utilization of adhesives in the construction industry for applications, such as structural bonding, flooring, and insulation, along with the increasing construction activities, is contributing to the growth of the market in the country.

South Korea Adhesives Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on end use industry, technology, and resin.

End Use Industry Insights:

• Aerospace
• Automotive
• Building and Construction
• Footwear and Leather
• Healthcare
• Packaging
• Woodworking and Joinery
• Others
   

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes aerospace, automotive, building and construction, footwear and leather, healthcare, packaging, woodworking and joinery, and others.

Technology Insights:

• Hot Melt
• Reactive
• Solvent-borne
• UV Cured Adhesives
• Water-borne
   

A detailed breakup and analysis of the market based on the technology have also been provided in the report. This includes hot melt, reactive, solvent-borne, UV cured adhesives, and water-borne.

Resin Insights:

• Acrylic
• Cyanoacrylate
• Epoxy
• Polyurethane
• Silicone
• VAE/EVA
• Others
   

The report has provided a detailed breakup and analysis of the market based on the resin. This includes acrylic, cyanoacrylate, epoxy, polyurethane, silicone, VAE/EVA, and others.

Regional Insights:

• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

South Korea Adhesives Market Report Coverage:

Key Questions Answered in This Report:

• How has the South Korea adhesives market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the South Korea adhesives market?
• What is the breakup of the South Korea adhesives market on the basis of end use industry?
• What is the breakup of the South Korea adhesives market on the basis of technology?
• What is the breakup of the South Korea adhesives market on the basis of resin?
• What are the various stages in the value chain of the South Korea adhesives market? 
• What are the key driving factors and challenges in the South Korea adhesives?
• What is the structure of the South Korea adhesives market and who are the key players?
• What is the degree of competition in the South Korea adhesives market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South Korea adhesives market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the South Korea adhesives market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South Korea adhesives industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.