South Korea Construction Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Product (Admixture, Adhesives, Sealants, and Coatings), By Application (Residential and Non-Residential), and South Korea Construction Chemicals Market Insights, Industry Trend, Forecasts to 2035
Industry: Chemicals & MaterialsSouth Korea Construction Chemicals Market Insights Forecasts to 2035
- The South Korea Construction Chemicals Market Size Was Estimated at USD 1.87 Billion in 2024
- The Market Size is Expected to Grow at a CAGR of around 9.25% from 2025 to 2035
- The South Korea Construction Chemicals Market Size is Expected to Reach USD 4.95 Billion by 2035
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According to a research report published by Spherical Insights and Consulting, The South Korea Construction Chemicals Market Size is anticipated to reach USD 4.95 Billion by 2035, growing at a CAGR of 9.25% from 2025 to 2035. Rapid industrialization and urbanization in emerging economies are the causes of the increase in demand for building chemicals. Population expansion and the need for infrastructure development are driving an increase in construction in countries in various countries.
Market Overview
Chemical compounds used to improve the overall structural performance and qualities of building materials are included in the construction chemicals market. These chemicals, which include things like concrete admixtures, waterproofing agents, sealants, adhesives, and protective coatings, are used at different phases of construction, from laying the foundation to finishing. By making materials more resilient to weather damage and increasing their lifespan, construction chemicals help structures last longer and require fewer repairs over time. By reducing waste, utilizing fewer resources, and encouraging energy-efficient building techniques, they aid in lessening the negative environmental effects of construction. The use of environmentally friendly building chemicals is being propelled by the rising demand for green buildings and sustainable construction methods. Opportunities for product development and market expansion are presented by the industry's recent innovations in fields like corrosion inhibitors, adhesives, and self-healing materials. Environmentally friendly construction chemicals are being developed and adopted as a result of government initiatives that favor green building and sustainable construction.
Report Coverage
This research report categorizes the market for South Korea construction chemicals 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 construction chemicals market. Recent market developments and competitive strategies such as expansion, product launch, and 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 South Korea construction chemicals market sub-segment.
South Korea Construction Chemicals Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 1.87 Billion |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | CAGR Of 9.25% |
2035 Value Projection: | USD 4.95 Billion |
Historical Data for: | 2020-2023 |
No. of Pages: | 269 |
Tables, Charts & Figures: | 102 |
Segments covered: | By Product and By Application |
Companies covered:: | Hanil Cement Co., Ltd., KCC Corporation, Asia Cement Co., Ltd., Eugene Basic Materials Company, Sampyo Group, Kumho Petrochemical, SK Chemicals Co., Ltd., Miwon Specialty Chemical Co., Ltd., Aekyung Petrochemical Co., Ltd., KCC Silicone Corporation, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
Infrastructure development and rapid urbanization are important factors, especially in emerging markets. This covers the creation of public infrastructure, such as roads, bridges, and tunnels, as well as residential, commercial, and industrial structures. The adoption of building chemicals that improve performance and durability while lowering the environmental impact is being driven by growing regulatory requirements for sustainable construction as well as growing environmental consciousness. New construction chemicals with enhanced performance, durability, and efficiency are being developed as a result of advancements in construction technology and materials.
Restraining Factors
Hazardous materials including lead, asbestos, and silica may be present in some construction chemicals, endangering both human health and the environment. There is increasing worry about the effects of building chemicals on the environment, including their non-biodegradability and the contamination of soil, water, and air. Manufacturers may face difficulties and market expansion may be impeded by the stricter rules about volatile organic compounds (VOCs) and the use of hazardous chemicals in buildings. Modifications to trade laws and regulations may potentially affect the availability of specific building chemicals and cause supply chain disruptions.
Market Segmentation
The South Korea Construction Chemicals Market share is classified into product and application.
- The admixture segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea construction chemicals market is segmented by product into admixture, adhesives, sealants, and coatings. Among these, the admixture segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. To increase the concrete's strength and functionality, additives are added to the slurry as it is being mixed. Admixtures have a number of benefits, including lowering the amount of water needed for building maintenance and concrete preparation and shortening the time needed to construct infrastructure.
- 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 construction chemicals market is segmented by application into residential and non-residential. Among these, the residential segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Residential construction projects have increased dramatically as a result of urbanization and population growth, especially in emerging nations. Additionally, builders and homeowners are becoming more conscious of the advantages of employing cutting-edge construction chemicals, such as increased energy efficiency and durability. These substances, which include concrete admixtures, adhesives, and sealants, are crucial for improving the caliber and durability of residential buildings.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea construction chemicals 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 elaborative 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.
- KCC Corporation
- Asia Cement Co., Ltd.
- Eugene Basic Materials Company
- Sampyo Group
- Kumho Petrochemical
- SK Chemicals Co., Ltd.
- Miwon Specialty Chemical Co., Ltd.
- Aekyung Petrochemical Co., Ltd.
- KCC Silicone Corporation
- 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 construction chemicals market based on the below-mentioned segments:
South Korea Construction Chemicals Market, By Product
- Admixture
- Adhesives
- Sealants
- Coatings
South Korea Construction Chemicals Market, By Application
- Residential
- Non-Residential
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