South Korea Concrete Market Size, Share, and COVID-19 Impact Analysis, By Application (Structural Components, Pavements, Roadways, and Bridges), By End Use (Residential, Commercial, Industrial, and Infrastructural), and South Korea Concrete Market Industry Trend, Forecasts to 2035

South Korea Concrete Market Insights Forecasts to 2035

• The South Korea Concrete Market Size Was Estimated at USD 53327.32 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.21% from 2025 to 2035
• The South Korea Concrete Market Size is Expected to Reach USD 75499.9 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, The South Korea Concrete Market Size is anticipated to Reach USD 75499.9 Million by 2035, Growing at a CAGR of 3.21% from 2025 to 2035. The fast rate of industrialization and urbanization in developing nations is what is causing the growth.

Market Overview

The Concrete Market Size involves the production, distribution, and application of concrete, a composite material made from cement, aggregates, and water, widely used in construction for its strength, durability, and versatility. The cost-effectiveness, fire resistance, low maintenance, and adaptability to various structural needs. Growing urbanization, infrastructure upgrades, and the demand for sustainable construction present significant market opportunities. Innovations such as green concrete and 3D concrete printing further expand potential. In South Korea, smart city projects, public housing developments, and investment in transportation infrastructure are accelerating concrete demand. Policies supporting eco-friendly building materials and energy-efficient construction practices also drive market growth, positioning concrete as a key component in future urban and industrial development strategies.

Report Coverage

This research report categorizes the market for South Korea concrete market based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea concrete market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea concrete market.

Driving Factors

The rapid urbanization, rising infrastructure development, and increasing residential and commercial construction activities. Its cost-effectiveness, strength, and durability make it a preferred material for buildings, roads, and bridges. Technological advancements, such as high-performance and green concrete, enhance its appeal in sustainable construction. Government investments in smart cities, transportation networks, and public housing further boost demand.

Restraining Factors

The high carbon emissions from cement production, a key concrete ingredient. Stringent environmental regulations and rising pressure for sustainable alternatives challenge traditional concrete usage. Additionally, fluctuations in raw material prices and limited availability of quality aggregates increase production costs. Labor shortages and delays in large-scale construction projects can also hinder market growth.

Market Segmentation

The South Korea concrete market share is classified into application and end use.

• The structural components segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea concrete market is segmented by application into structural components, pavements, roadways, and bridges. Among these, the structural components segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. The countrys ongoing urban development, high-rise construction, and infrastructure modernization. Concrete is essential for building foundations, columns, and beams, offering strength, durability, and cost efficiency. Government investments in residential and commercial projects, along with seismic-resistant building requirements, further boost demand.

• The residential segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea concrete market is segmented by end use into residential, commercial, industrial, and infrastructural. Among these, the residential segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. The rising housing demand driven by urbanization, population density, and government-supported housing projects. Concrete is widely used in residential construction for its strength, fire resistance, and affordability. Additionally, redevelopment of aging apartment complexes and expansion of smart city initiatives are increasing concrete consumption.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea concrete market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hanil Cement Co., Ltd.
• Ssangyong C&E Co., Ltd.
• Sampyo Industry Co., Ltd.
• Eugene Basic Materials Company
• Korea Cement Co., Ltd.
• Asia Cement Co., Ltd.
• Hyundai Engineering & Construction Co., Ltd.
• Sungshin Cement Co., Ltd.
• Halla Cement Corporation
• Sunil Remicon Co., Ltd.
• Samyang Remicon Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea concrete market based on the below-mentioned segments:

South Korea Concrete Market, By Application

• Structural Components
• Pavements
• Roadways
• Bridges

South Korea Concrete Market, By End Use

• Residential
• Commercial
• Industrial
• Infrastructural