South Korea Sealants Market Size
|
Study Period: | 2017 - 2028 |
|
Largest Share by End User Industry: | Building and Construction |
|
|
Fastest Growing by End User Industry: | Aerospace |
|
CAGR: | 5.55 % |
Major Players |
||
|
*Disclaimer: Major Players sorted in no particular order |
South Korea Sealants Market Analysis
The South Korea Sealants Market is projected to register a CAGR of 5.55%
- Largest Segment by End User Industry - Building and Construction : 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 Segment by End User Industry - Aerospace : The aerospace industry is expected to witness the fastest growth owing to the rapid expansion of general aviation in the domestic market.
- Largest Segment by Resin - Silicone : 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 Segment by Resin - Silicone : 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.
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.| End User Industry | |
| Aerospace | |
| Automotive | |
| Building And Construction | |
| Healthcare | |
| Other End-user Industries |
| Resin | |
| Acrylic | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| Other Resins |
South Korea Sealants Market Trends
This section covers the major market trends shaping the South Korea Sealants Market according to our research experts:
Building and Construction is the largest segment by End User Industry.
- 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.
To understand key trends, Download Sample Report
South Korea Sealants Industry Overview
The South Korea Sealants Market is fairly consolidated, with the top five companies occupying 68.40%. The major players in this market are GSMOA, KCC SILICONE CORPORATION, OKONG Corp., Sika AG and TOPSEAL (sorted alphabetically).
South Korea Sealants Market Leaders
GSMOA
KCC SILICONE CORPORATION
OKONG Corp.
Sika AG
TOPSEAL
*Disclaimer: Major Players sorted in no particular order
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.
South Korea Sealants Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
3.1. Study Assumptions & Market Definition
3.2. Scope of the Study
3.3. Research Methodology
4. KEY INDUSTRY TRENDS
4.1. End User Trends
4.2. Regulatory Framework
4.3. Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION
5.1. End User Industry
5.1.1. Aerospace
5.1.2. Automotive
5.1.3. Building And Construction
5.1.4. Healthcare
5.1.5. Other End-user Industries
5.2. Resin
5.2.1. Acrylic
5.2.2. Epoxy
5.2.3. Polyurethane
5.2.4. Silicone
5.2.5. Other Resins
6. COMPETITIVE LANDSCAPE
6.1. Key Strategic Moves
6.2. Market Share Analysis
6.3. Company Landscape
6.4. Company Profiles
6.4.1. 3M
6.4.2. Dow
6.4.3. GSMOA
6.4.4. Henkel AG & Co. KGaA
6.4.5. KCC SILICONE CORPORATION
6.4.6. OKONG Corp.
6.4.7. Shin-Etsu Chemical Co., Ltd.
6.4.8. Sika AG
6.4.9. Soudal Holding N.V.
6.4.10. TOPSEAL
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
8.1. Global Adhesives and Sealants Industry Overview
8.1.1. Overview
8.1.2. Porter’s Five Forces Framework
8.1.3. Global Value Chain Analysis
8.1.4. Drivers, Restraints, and Opportunities
8.2. Sources & References
8.3. List of Tables & Figures
8.4. Primary Insights
8.5. Data Pack
8.6. Glossary of Terms
List of Tables & Figures
Figure 1:
SOUTH KOREA AIRCRAFT DELIVERIES, VOLUME IN UNITS, 2017-2028
Figure 2:
SOUTH KOREA AUTOMOBILE PRODUCTION, VOLUME IN UNITS, 2017-2028
Figure 3:
SOUTH KOREA NEW FLOOR AREA, VOLUME IN SQUARE FEET, 2017-2028
Figure 4:
SOUTH KOREA SEALANTS MARKET, VOLUME, TONS, 2017 - 2028
Figure 5:
SOUTH KOREA SEALANTS MARKET, VALUE, USD, 2017 - 2028
Figure 6:
SOUTH KOREA SEALANTS MARKET, BY END USER INDUSTRY, VOLUME, TONS, 2017 - 2028
Figure 7:
SOUTH KOREA SEALANTS MARKET, BY END USER INDUSTRY, VALUE, USD, 2017 - 2028
Figure 8:
SOUTH KOREA SEALANTS MARKET, BY END USER INDUSTRY, VOLUME SHARE (%), 2022 VS 2028
Figure 9:
SOUTH KOREA SEALANTS MARKET, BY END USER INDUSTRY, VALUE SHARE (%), 2022 VS 2028
Figure 10:
SOUTH KOREA SEALANTS MARKET, AEROSPACE, VOLUME, TONS, 2017 - 2028
Figure 11:
SOUTH KOREA SEALANTS MARKET, AEROSPACE, VALUE, USD, 2017 - 2028
Figure 12:
SOUTH KOREA SEALANTS MARKET, AEROSPACE, BY RESIN, VALUE SHARE (%), 2021 VS 2028
Figure 13:
SOUTH KOREA SEALANTS MARKET, AUTOMOTIVE, VOLUME, TONS, 2017 - 2028
Figure 14:
SOUTH KOREA SEALANTS MARKET, AUTOMOTIVE, VALUE, USD, 2017 - 2028
Figure 15:
SOUTH KOREA SEALANTS MARKET, AUTOMOTIVE, BY RESIN, VALUE SHARE (%), 2021 VS 2028
Figure 16:
SOUTH KOREA SEALANTS MARKET, BUILDING AND CONSTRUCTION, VOLUME, TONS, 2017 - 2028
Figure 17:
SOUTH KOREA SEALANTS MARKET, BUILDING AND CONSTRUCTION, VALUE, USD, 2017 - 2028
Figure 18:
SOUTH KOREA SEALANTS MARKET, BUILDING AND CONSTRUCTION, BY RESIN, VALUE SHARE (%), 2021 VS 2028
Figure 19:
SOUTH KOREA SEALANTS MARKET, HEALTHCARE, VOLUME, TONS, 2017 - 2028
Figure 20:
SOUTH KOREA SEALANTS MARKET, HEALTHCARE, VALUE, USD, 2017 - 2028
Figure 21:
SOUTH KOREA SEALANTS MARKET, HEALTHCARE, BY RESIN, VALUE SHARE (%), 2021 VS 2028
Figure 22:
SOUTH KOREA SEALANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME, TONS, 2017 - 2028
Figure 23:
SOUTH KOREA SEALANTS MARKET, OTHER END-USER INDUSTRIES, VALUE, USD, 2017 - 2028
Figure 24:
SOUTH KOREA SEALANTS MARKET, OTHER END-USER INDUSTRIES, BY RESIN, VALUE SHARE (%), 2021 VS 2028
Figure 25:
SOUTH KOREA SEALANTS MARKET, BY RESIN, VOLUME, TONS, 2017 - 2028
Figure 26:
SOUTH KOREA SEALANTS MARKET, BY RESIN, VALUE, USD, 2017 - 2028
Figure 27:
SOUTH KOREA SEALANTS MARKET, BY RESIN, VOLUME SHARE (%), 2022 VS 2028
Figure 28:
SOUTH KOREA SEALANTS MARKET, BY RESIN, VALUE SHARE (%), 2022 VS 2028
Figure 29:
SOUTH KOREA SEALANTS MARKET, ACRYLIC, VOLUME, TONS, 2017 - 2028
Figure 30:
SOUTH KOREA SEALANTS MARKET, ACRYLIC, VALUE, USD, 2017 - 2028
Figure 31:
SOUTH KOREA SEALANTS MARKET, ACRYLIC, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 32:
SOUTH KOREA SEALANTS MARKET, EPOXY, VOLUME, TONS, 2017 - 2028
Figure 33:
SOUTH KOREA SEALANTS MARKET, EPOXY, VALUE, USD, 2017 - 2028
Figure 34:
SOUTH KOREA SEALANTS MARKET, EPOXY, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 35:
SOUTH KOREA SEALANTS MARKET, POLYURETHANE, VOLUME, TONS, 2017 - 2028
Figure 36:
SOUTH KOREA SEALANTS MARKET, POLYURETHANE, VALUE, USD, 2017 - 2028
Figure 37:
SOUTH KOREA SEALANTS MARKET, POLYURETHANE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 38:
SOUTH KOREA SEALANTS MARKET, SILICONE, VOLUME, TONS, 2017 - 2028
Figure 39:
SOUTH KOREA SEALANTS MARKET, SILICONE, VALUE, USD, 2017 - 2028
Figure 40:
SOUTH KOREA SEALANTS MARKET, SILICONE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 41:
SOUTH KOREA SEALANTS MARKET, OTHER RESINS, VOLUME, TONS, 2017 - 2028
Figure 42:
SOUTH KOREA SEALANTS MARKET, OTHER RESINS, VALUE, USD, 2017 - 2028
Figure 43:
SOUTH KOREA SEALANTS MARKET, OTHER RESINS, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 44:
SOUTH KOREA SEALANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2019 - 2021
Figure 45:
SOUTH KOREA SEALANTS MARKET, MOST ADOPTED STRATEGIES, 2019 - 2021
Figure 46:
SOUTH KOREA SEALANTS MARKET SHARE(%), BY MAJOR PLAYERS REVENUE, 2021
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.
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
