South Korea Sealants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028

The South Korea Sealants Market is segmented by End User Industry (Aerospace, Automotive, Building and Construction, Healthcare) and by Resin (Acrylic, Epoxy, Polyurethane, Silicone). Market Value in USD and Volume in tons are both presented. Key Data Points observed include the volume of automobile production, plastic and paper and paperboard packaging production, new construction floor area, aircraft production and deliveries.

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South Korea Sealants Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2028
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 244.93 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2028) USD 295.71 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Building and Construction
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2028) 4.82 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User Industry Aerospace

Major Players

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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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South Korea Sealants Market Analysis

The South Korea Sealants Market size is estimated at 244.93 million USD in 2024, and is expected to reach 295.71 million USD by 2028, growing at a CAGR of 4.82% during the forecast period (2024-2028).

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244.93 Million

Market Size in 2024 (USD)

295.71 Million

Market Size in 2028 (USD)

1.76 %

CAGR (2017-2023)

4.82 %

CAGR (2024-2028)

Largest Market by End-user Industry

27.82 %

value share, Building and Construction, 2023

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In South Korea, building and construction is the dominant end-user industry owing to its wide range of sealant applications, including joint sealing, weatherproofing, glazing, and façade.

Fastest Growing Market by End-user Industry

5.86 %

Projected CAGR, Aerospace, 2024-2028

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The aerospace industry is expected to witness the fastest growth owing to the rapid expansion of general aviation in the domestic market.

Largest Market by Resin

48.08 %

value share, Silicone, 2023

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Silicone sealant is the major resin-based sealant and accounts for the largest application share in the building and construction industry for both interior and exterior applications.

Fastest Growing Market by Resin

4.84 %

Projected CAGR, Silicone, 2024-2028

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Due to their sheer strength and high-impact resistance abilities, silicone sealants are mostly used in construction applications. They are expected to register the fastest growth over the coming years.

Leading Market Player

20.90 %

market share, KCC SILICONE CORPORATION, 2021

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KCC Corporation is the leading sealants manufacturer in Japan due to the popularity of its products, mostly in the building and construction industry.

Emerging healthcare industry and rising demand for advanced medical equipment are expected to boost the consumption of sealants in South Korea

  • The other end-user industries segment is anticipated to account for the highest market share in terms of value and volume in the South Korean sealants market over the forecast period, of which electronics and electrical equipment will hold the highest share. Various sealants are used in electrical equipment for potting and protecting applications. They are used for sealing sensors and cables, etc. South Korea registered nearly 4% of the revenue share in 2020 in the global electronics market and is likely to experience sustainable growth over the coming years owing to the increasing imports of electrical goods and components.
  • The construction industry accounts for the second highest share among the end-user industry segment of the South Korean sealants market as it is one of the fastest-growing industries in South Korea. Diverse applications of sealants in building and construction activities, such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing, are expected to augment the industry size. Construction sealants are designed for longevity and ease of application on different substrates. The South Korean construction sector registered 223 thousand construction permits in 2020 and this growth is likely to continue over the coming years.
  • Sealants are used in wide-ranging applications in the automotive and healthcare industry owing to their extensive bonding to various substrates, such as glass, metal, plastic, and painted surfaces, and their features such as extreme weather resistance, durability, and long-lasting. South Korea has a strong presence of parts and components manufacturers for automotive and medical devices, which is likely to boost the demand for sealants over the coming years.
South Korea Sealants Market

South Korea Sealants Market Trends

Rising investment in residential construction along with government initiatives will augment the sector

  • The South Korean construction industry is projected to record a CAGR of about 2.49% during the forecast period (2022-2028). In South Korea, in 2018, the construction industry was struggling, and no signs of recovery were noticed in 2019. In 2018, construction investment declined by 4.2% compared to 2017, and it further contracted by around 3.2% in 2019. This decline was due to reduced infrastructure spending, an increase in minimum wages, tighter housing regulations, and government policies.
  • The slowdown in economic growth has been further impacted by the COVID-19 outbreak, which is further delaying the country’s chances of economic recovery. However, the industry is expected to be supported by government efforts, which are expected to revitalize the economy and improve investor and consumer confidence. The construction industry contracted by around 3% in 2020 due to the COVID-19 outbreak and slower economic growth.
  • The construction activity in the residential sector in South Korea was likely to decline further in 2020. Residential building permits decreased by about 25% in 2019, impacting licenses in 2020 and mid-2021. However, this is expected to be a temporary situation and is expected to recover during the forecast period. However, the industry is expected to be supported by the government’s efforts, which may revitalize the economy and subsequent improvements in investor and consumer confidence. These factors are expected to increase the construction industry in the country.
South Korea Sealants Market

Rapid growth of electric vehicles to boost the automotive sector

  • The South Korean automotive industry is the seventh-largest in the world, with a production share of over 4.5% in the first half of 2021. The automotive industry in the country is heavily dependent on exports. As exports decreased, automobile production decreased for the fourth straight year. In 2019, automotive production in the country declined by 1.9% to 3.95 million vehicles, compared to the previous year’s 4.03 million vehicles. The decline in production was due to a decrease in domestic and international sales. The automotive industry is expected to decline further due to COVID-19, impacting sales and production until early 2021.
  • In 2019, the country recorded about 39,50,614 units of vehicles produced, which drastically reduced to 35,06,774 units in 2020, accounting for a decline of about 11% owing to the COVID-19 pandemic. The variation in automotive production between 2019 and 2021 recorded around 12%, whereas between 2020 and 2021, the variation recorded around -1%.
  • Currently, there are several developments related to increasing electrification adoption in the country, due to which the country has largely focused on the production of EVs. The accumulated number of electric vehicles in South Korea surpassed the 300,000 mark in the second quarter of 2022, taking 1.2% of the total number of registered vehicles in the country. Hyundai Motor Group, one of the largest car manufacturers in the country, has taken steps to open new production facilities to increase EV production in the country. The growing adoption of sustainability in the country may boost the growth of the automotive sector in the coming years.
South Korea Sealants Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Growing MRO services for commercial and defense aircraft will drive the industry size

South Korea Sealants Industry Overview

The South Korea Sealants Market is moderately consolidated, with the top five companies occupying 58.46%. The major players in this market are GSMOA, KCC SILICONE CORPORATION, OKONG Corp., Sika AG and TOPSEAL (sorted alphabetically).

South Korea Sealants Market Leaders

  1. GSMOA

  2. KCC SILICONE CORPORATION

  3. OKONG Corp.

  4. Sika AG

  5. TOPSEAL

South Korea Sealants Market Concentration

Other important companies include 3M, Dow, Henkel AG & Co. KGaA, Shin-Etsu Chemical Co., Ltd., Soudal Holding N.V..

*Disclaimer: Major Players sorted in alphabetical order.

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South Korea Sealants Market News

  • January 2021: KCC Corporation divested its silicone business to its American subsidiary, Momentive Performance Materials. The divestment aims for Momentive to have a balanced portfolio and responsible management.
  • April 2019: Dow completed the separation of its Material Science division through a spin-off of Dow Inc.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.

South Korea Sealants Market
South Korea Sealants Market
South Korea Sealants Market
South Korea Sealants Market

South Korea Sealants Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

    2. 2.2. Regulatory Framework

      1. 2.2.1. South Korea

    3. 2.3. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Building and Construction

      4. 3.1.4. Healthcare

      5. 3.1.5. Other End-user Industries

    2. 3.2. Resin

      1. 3.2.1. Acrylic

      2. 3.2.2. Epoxy

      3. 3.2.3. Polyurethane

      4. 3.2.4. Silicone

      5. 3.2.5. Other Resins

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. 3M

      2. 4.4.2. Dow

      3. 4.4.3. GSMOA

      4. 4.4.4. Henkel AG & Co. KGaA

      5. 4.4.5. KCC SILICONE CORPORATION

      6. 4.4.6. OKONG Corp.

      7. 4.4.7. Shin-Etsu Chemical Co., Ltd.

      8. 4.4.8. Sika AG

      9. 4.4.9. Soudal Holding N.V.

      10. 4.4.10. TOPSEAL

  7. 5. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Adhesives and Sealants Industry Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Drivers, Restraints, and Opportunities

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. VOLUME OF AIRCRAFTS DELIVERED, UNITS, SOUTH KOREA, 2017-2028
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, SOUTH KOREA, 2017-2028
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, SOUTH KOREA, 2017-2028
  1. Figure 4:  
  2. VOLUME OF SEALANTS CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 5:  
  2. VALUE OF SEALANTS CONSUMED, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 6:  
  2. VOLUME OF SEALANTS CONSUMED BY END USER INDUSTRY, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 7:  
  2. VALUE OF SEALANTS CONSUMED BY END USER INDUSTRY, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 8:  
  2. VOLUME SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2016 VS 2022 VS 2028
  1. Figure 9:  
  2. VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2016 VS 2022 VS 2028
  1. Figure 10:  
  2. VOLUME OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 11:  
  2. VALUE OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 12:  
  2. VALUE SHARE OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY BY RESIN, %, SOUTH KOREA, 2021 VS 2028
  1. Figure 13:  
  2. VOLUME OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 14:  
  2. VALUE OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 15:  
  2. VALUE SHARE OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY BY RESIN, %, SOUTH KOREA, 2021 VS 2028
  1. Figure 16:  
  2. VOLUME OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 17:  
  2. VALUE OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 18:  
  2. VALUE SHARE OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY RESIN, %, SOUTH KOREA, 2021 VS 2028
  1. Figure 19:  
  2. VOLUME OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 20:  
  2. VALUE OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 21:  
  2. VALUE SHARE OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY BY RESIN, %, SOUTH KOREA, 2021 VS 2028
  1. Figure 22:  
  2. VOLUME OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 23:  
  2. VALUE OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 24:  
  2. VALUE SHARE OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY RESIN, %, SOUTH KOREA, 2021 VS 2028
  1. Figure 25:  
  2. VOLUME OF SEALANTS CONSUMED BY RESIN, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 26:  
  2. VALUE OF SEALANTS CONSUMED BY RESIN, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 27:  
  2. VOLUME SHARE OF SEALANTS CONSUMED BY RESIN, %, SOUTH KOREA, 2016 VS 2022 VS 2028
  1. Figure 28:  
  2. VALUE SHARE OF SEALANTS CONSUMED BY RESIN, %, SOUTH KOREA, 2016 VS 2022 VS 2028
  1. Figure 29:  
  2. VOLUME OF ACRYLIC SEALANTS CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 30:  
  2. VALUE OF ACRYLIC SEALANTS CONSUMED, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 31:  
  2. VALUE SHARE OF ACRYLIC SEALANTS CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
  1. Figure 32:  
  2. VOLUME OF EPOXY SEALANTS CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 33:  
  2. VALUE OF EPOXY SEALANTS CONSUMED, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 34:  
  2. VALUE SHARE OF EPOXY SEALANTS CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
  1. Figure 35:  
  2. VOLUME OF POLYURETHANE SEALANTS CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 36:  
  2. VALUE OF POLYURETHANE SEALANTS CONSUMED, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 37:  
  2. VALUE SHARE OF POLYURETHANE SEALANTS CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
  1. Figure 38:  
  2. VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 39:  
  2. VALUE OF SILICONE SEALANTS CONSUMED, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 40:  
  2. VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
  1. Figure 41:  
  2. VOLUME OF OTHER RESINS SEALANTS CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 42:  
  2. VALUE OF OTHER RESINS SEALANTS CONSUMED, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 43:  
  2. VALUE SHARE OF OTHER RESINS SEALANTS CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
  1. Figure 44:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, SOUTH KOREA, 2019 - 2021
  1. Figure 45:  
  2. MOST ADOPTED STRATEGIES, COUNT, SOUTH KOREA, 2019 - 2021
  1. Figure 46:  
  2. REVENUE SHARE OF SEALANTS BY MAJOR PLAYERS, %, SOUTH KOREA, 2021

South Korea Sealants Industry Segmentation

Aerospace, Automotive, Building and Construction, Healthcare are covered as segments by End User Industry. Acrylic, Epoxy, Polyurethane, Silicone are covered as segments by Resin.

  • The other end-user industries segment is anticipated to account for the highest market share in terms of value and volume in the South Korean sealants market over the forecast period, of which electronics and electrical equipment will hold the highest share. Various sealants are used in electrical equipment for potting and protecting applications. They are used for sealing sensors and cables, etc. South Korea registered nearly 4% of the revenue share in 2020 in the global electronics market and is likely to experience sustainable growth over the coming years owing to the increasing imports of electrical goods and components.
  • The construction industry accounts for the second highest share among the end-user industry segment of the South Korean sealants market as it is one of the fastest-growing industries in South Korea. Diverse applications of sealants in building and construction activities, such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing, are expected to augment the industry size. Construction sealants are designed for longevity and ease of application on different substrates. The South Korean construction sector registered 223 thousand construction permits in 2020 and this growth is likely to continue over the coming years.
  • Sealants are used in wide-ranging applications in the automotive and healthcare industry owing to their extensive bonding to various substrates, such as glass, metal, plastic, and painted surfaces, and their features such as extreme weather resistance, durability, and long-lasting. South Korea has a strong presence of parts and components manufacturers for automotive and medical devices, which is likely to boost the demand for sealants over the coming years.
End User Industry
Aerospace
Automotive
Building and Construction
Healthcare
Other End-user Industries
Resin
Acrylic
Epoxy
Polyurethane
Silicone
Other Resins
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Market Definition

  • End-user Industry - Building & Construction, Automotive, Aerospace, Healthcare, and Others are the end-user industries considered under the sealants market.
  • Product - All sealant products are considered in the market studied
  • Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Silicone, and Others are considered
  • Technology - For the purpose of this study, One component and Two component sealant technologies are taken into consideration.
Keyword Definition
Hot-melt Adhesive Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed.
Reactive Adhesive A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive.
Solvent-borne Adhesive Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers).
Water-borne Adhesive Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent.
UV Cured Adhesive UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives.
Heat-resistant Adhesive Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage.
Reshoring Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this.
Oleochemicals Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats.
Nonporous Materials Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow.
EU-Vietnam Free Trade Agreement A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019.
VOC content Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants.
Emulsion Polymerization Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product.
2025 National Packaging Targets In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025.
Russian Government’s Import Substitution Policy The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015.
Paper Substrate Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered.
Insulation Material A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils.
Thermal Shock A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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South Korea Sealants Market Research FAQs

The South Korea Sealants Market size is expected to reach USD 244.93 million in 2024 and grow at a CAGR of 4.82% to reach USD 295.71 million by 2028.

In 2024, the South Korea Sealants Market size is expected to reach USD 244.93 million.

GSMOA, KCC SILICONE CORPORATION, OKONG Corp., Sika AG and TOPSEAL are the major companies operating in the South Korea Sealants Market.

In the South Korea Sealants Market, the Building and Construction segment accounts for the largest share by end user industry.

In 2024, the Aerospace segment accounts for the fastest growing by end user industry in the South Korea Sealants Market.

In 2023, the South Korea Sealants Market size was estimated at 244.93 million. The report covers the South Korea Sealants Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Korea Sealants Market size for years: 2024, 2025, 2026, 2027 and 2028.

South Korea Sealants Industry Report

Statistics for the 2023 South Korea Sealants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Sealants analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

South Korea Sealants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028