Key Insights
The South Korean adhesives market, valued at approximately $XX million in 2025, is projected to experience robust growth, exceeding a 3% CAGR through 2033. This expansion is fueled by several key drivers. The burgeoning automotive and electronics sectors, coupled with increasing construction activity and a growing demand for advanced packaging solutions, are significantly boosting adhesives consumption. Furthermore, the adoption of innovative adhesive technologies, such as UV-cured and hot melt adhesives, offering enhanced performance and efficiency, is contributing to market growth. While the industry faces some challenges, such as fluctuations in raw material prices and potential environmental regulations, the overall outlook remains positive. The strong economic performance of South Korea and its prominent role in global manufacturing further contribute to a favorable market environment. The market is segmented by end-user industries (aerospace, automotive, building & construction, footwear & leather, healthcare, packaging, woodworking & joinery, and others), adhesive technology (hot melt, reactive, solvent-borne, UV cured, water-borne), and resin type (acrylic, cyanoacrylate, epoxy, polyurethane, silicone, VAE/EVA, and others). Major players, including Henkel, 3M, and HB Fuller, are actively competing in this dynamic market, investing in R&D and expanding their product portfolios to cater to evolving industry demands. The continued growth in key sectors, alongside technological advancements, positions the South Korean adhesives market for sustained expansion in the coming years.
The competitive landscape is characterized by a mix of both international and domestic players. While global giants possess substantial market share, several South Korean companies are demonstrating significant growth, capitalizing on domestic demand and opportunities within regional supply chains. Future growth will likely be driven by further technological advancements in adhesive formulations, a focus on sustainable and environmentally friendly solutions, and increased adoption of adhesives in emerging applications. The market's segmentation offers promising avenues for specialized adhesive manufacturers to focus their strategies and capture market share. This includes catering to specific industry needs and utilizing advanced technologies to provide superior performance and efficiency. Analysis suggests that the segments related to advanced manufacturing (electronics and automotive) and eco-friendly packaging are poised for particularly strong growth.
South Korea Adhesives Industry Market Report: 2019-2033
This comprehensive report provides an in-depth analysis of the South Korea adhesives market, covering historical data (2019-2024), the current market (2025), and future projections (2025-2033). It delves into market dynamics, growth trends, key players, and emerging opportunities within the South Korean adhesives landscape, offering invaluable insights for industry professionals, investors, and strategic decision-makers. The report segments the market by end-user industry, technology, and resin type, providing a granular understanding of market behavior and future potential.
South Korea Adhesives Industry Market Dynamics & Structure
The South Korean adhesives market is characterized by a moderately concentrated landscape, with key players like Henkel AG & Co KGaA, 3M, and H.B. Fuller Company holding significant market share. Technological innovation, driven by the demand for high-performance and sustainable adhesives, is a key driver. Stringent environmental regulations are shaping the industry's trajectory, pushing manufacturers towards eco-friendly solutions. The market also witnesses competitive pressure from product substitutes, particularly in specific niche applications. Consolidation through mergers and acquisitions (M&A) is also observed, with xx M&A deals recorded in the period 2019-2024, representing a xx% increase compared to the previous five years. The automotive and packaging sectors are the largest end-user segments, reflecting South Korea’s strong manufacturing base.
- Market Concentration: Moderately concentrated, with top 5 players holding approximately xx% market share in 2025.
- Technological Innovation: Driven by demand for high-performance, eco-friendly, and specialized adhesives.
- Regulatory Landscape: Stringent environmental regulations favoring sustainable adhesive solutions.
- Competitive Substitutes: Pressure from alternative bonding methods in specific applications.
- End-User Demographics: Automotive and packaging segments dominate, reflecting manufacturing strength.
- M&A Activity: xx M&A deals (2019-2024), indicating industry consolidation.
South Korea Adhesives Industry Growth Trends & Insights
The South Korean adhesives market exhibited a CAGR of xx% during 2019-2024, reaching a market size of xx Million units in 2024. Driven by strong growth in key end-user sectors like automotive and electronics, the market is projected to continue its upward trajectory, with a projected CAGR of xx% from 2025 to 2033. This growth is fueled by increasing adoption of advanced adhesive technologies, particularly in high-performance applications. Changing consumer preferences towards sustainable and eco-friendly products are also influencing market trends, leading to increased demand for water-based and solvent-free adhesives. Technological disruptions like the introduction of bio-based adhesives are further shaping the market landscape. Market penetration of advanced adhesive technologies like UV-cured adhesives is expected to reach xx% by 2033.
Dominant Regions, Countries, or Segments in South Korea Adhesives Industry
The South Korean adhesives market showcases strong regional variations. The Gyeonggi-do province and Seoul Metropolitan Area dominate, driven by high industrial activity and automotive manufacturing. Within the end-user segments, the automotive industry is the most significant driver, followed by the packaging and building and construction sectors. Among the adhesive technologies, hot melt adhesives hold the largest share due to their ease of application and cost-effectiveness. Acrylic resins are the most widely used, owing to their versatility and performance characteristics.
- Key Drivers (Regional): High concentration of manufacturing activity in Gyeonggi-do and Seoul.
- Key Drivers (End-User): Strong growth in automotive, packaging, and building & construction sectors.
- Key Drivers (Technology): High demand for hot melt and waterborne adhesives due to cost-effectiveness and sustainability.
- Key Drivers (Resin): Dominance of acrylic resins due to versatility and performance.
South Korea Adhesives Industry Product Landscape
The South Korean adhesives market offers a diverse range of products catering to various applications. Innovations focus on enhancing performance characteristics, improving sustainability, and meeting the specific needs of diverse industries. Recent product launches include high-strength structural adhesives, eco-friendly water-based options, and specialized adhesives for specific materials like plastics and composites. These advancements offer superior bonding strength, faster curing times, and improved environmental profiles, driving market growth and adoption.
Key Drivers, Barriers & Challenges in South Korea Adhesives Industry
Key Drivers: Expanding automotive and electronics sectors, increasing demand for high-performance adhesives, government initiatives promoting sustainable manufacturing, and technological advancements driving innovation.
Key Challenges: Intense competition from both domestic and international players, price fluctuations in raw materials, stringent environmental regulations increasing production costs, and maintaining supply chain stability. These challenges pose constraints to market growth, with an estimated xx% impact on overall market expansion during 2025-2033.
Emerging Opportunities in South Korea Adhesives Industry
Emerging opportunities lie in the growing demand for sustainable and bio-based adhesives, the expanding electronics sector requiring specialized bonding solutions, and the development of innovative applications in fields like medical devices and renewable energy. Untapped potential exists in regional markets beyond major metropolitan areas, particularly those with developing industrial sectors.
Growth Accelerators in the South Korea Adhesives Industry
Technological advancements leading to high-performance and sustainable adhesives are key growth accelerators. Strategic partnerships between adhesive manufacturers and end-user industries are fostering innovation and driving market expansion. Government initiatives promoting sustainable manufacturing and investments in infrastructure further enhance long-term growth prospects.
Key Players Shaping the South Korea Adhesives Industry Market
- Henkel AG & Co KGaA
- YOUNGWOO CF CO LTD
- BURIM CHEMICAL CO LTD
- OKONG Corp
- 3M
- H B Fuller Company
- Industrial Adhesives Company MCS
- SAMYOUNG INK&PAINT INDUSTRIAL CO LTD
- AVERY DENNISON CORPORATION
- Unitech Co Ltd
Notable Milestones in South Korea Adhesives Industry Sector
- October 2021: 3M launched a new generation of acrylic adhesives (3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS), expanding its product portfolio and enhancing market competitiveness.
- September 2021: Henkel introduced a solvent-free and zero-VOC adhesive range for rubber lining, catering to the growing demand for sustainable solutions.
- July 2021: H.B. Fuller's strategic agreement with Covestro to offer sustainable adhesives signifies a major step towards eco-friendly production and market leadership.
In-Depth South Korea Adhesives Industry Market Outlook
The South Korean adhesives market is poised for significant growth, driven by robust economic expansion, technological advancements, and increasing demand from key end-user sectors. Strategic partnerships, investments in R&D, and the development of sustainable adhesive solutions will shape the future market landscape. The focus on high-performance, specialized, and eco-friendly adhesives will create lucrative opportunities for existing and new market entrants. The projected market size in 2033 is estimated at xx Million units, signifying substantial growth potential.
South Korea Adhesives Industry Segmentation
-
1. End User Industry
- 1.1. Aerospace
- 1.2. Automotive
- 1.3. Building and Construction
- 1.4. Footwear and Leather
- 1.5. Healthcare
- 1.6. Packaging
- 1.7. Woodworking and Joinery
- 1.8. Other End-user Industries
-
2. Technology
- 2.1. Hot Melt
- 2.2. Reactive
- 2.3. Solvent-borne
- 2.4. UV Cured Adhesives
- 2.5. Water-borne
-
3. Resin
- 3.1. Acrylic
- 3.2. Cyanoacrylate
- 3.3. Epoxy
- 3.4. Polyurethane
- 3.5. Silicone
- 3.6. VAE/EVA
- 3.7. Other Resins
South Korea Adhesives Industry Segmentation By Geography
- 1. South Korea
South Korea Adhesives Industry REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of > 3.00% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. ; Growing Demand from Metal and Steel Industries; Other Drivers
- 3.3. Market Restrains
- 3.3.1. ; Environmental Constraints; Unfavorable Conditions Arising Due to COVID-19 Outbreak
- 3.4. Market Trends
- 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. South Korea Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by End User Industry
- 5.1.1. Aerospace
- 5.1.2. Automotive
- 5.1.3. Building and Construction
- 5.1.4. Footwear and Leather
- 5.1.5. Healthcare
- 5.1.6. Packaging
- 5.1.7. Woodworking and Joinery
- 5.1.8. Other End-user Industries
- 5.2. Market Analysis, Insights and Forecast - by Technology
- 5.2.1. Hot Melt
- 5.2.2. Reactive
- 5.2.3. Solvent-borne
- 5.2.4. UV Cured Adhesives
- 5.2.5. Water-borne
- 5.3. Market Analysis, Insights and Forecast - by Resin
- 5.3.1. Acrylic
- 5.3.2. Cyanoacrylate
- 5.3.3. Epoxy
- 5.3.4. Polyurethane
- 5.3.5. Silicone
- 5.3.6. VAE/EVA
- 5.3.7. Other Resins
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. South Korea
- 5.1. Market Analysis, Insights and Forecast - by End User Industry
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2024
- 6.2. Company Profiles
- 6.2.1 Henkel AG & Co KGaA
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 YOUNGWOO CF CO LTD
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 BURIM CHEMICAL CO LTD
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 OKONG Corp
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 3M
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 H B Fuller Company
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 Industrial Adhesives Company MCS
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 SAMYOUNG INK&PAINT INDUSTRIAL CO LTD
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.9 AVERY DENNISON CORPORATION
- 6.2.9.1. Overview
- 6.2.9.2. Products
- 6.2.9.3. SWOT Analysis
- 6.2.9.4. Recent Developments
- 6.2.9.5. Financials (Based on Availability)
- 6.2.10 Unitech Co Ltd
- 6.2.10.1. Overview
- 6.2.10.2. Products
- 6.2.10.3. SWOT Analysis
- 6.2.10.4. Recent Developments
- 6.2.10.5. Financials (Based on Availability)
- 6.2.1 Henkel AG & Co KGaA
List of Figures
- Figure 1: South Korea Adhesives Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: South Korea Adhesives Industry Share (%) by Company 2024
List of Tables
- Table 1: South Korea Adhesives Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: South Korea Adhesives Industry Revenue Million Forecast, by End User Industry 2019 & 2032
- Table 3: South Korea Adhesives Industry Revenue Million Forecast, by Technology 2019 & 2032
- Table 4: South Korea Adhesives Industry Revenue Million Forecast, by Resin 2019 & 2032
- Table 5: South Korea Adhesives Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 6: South Korea Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 7: South Korea Adhesives Industry Revenue Million Forecast, by End User Industry 2019 & 2032
- Table 8: South Korea Adhesives Industry Revenue Million Forecast, by Technology 2019 & 2032
- Table 9: South Korea Adhesives Industry Revenue Million Forecast, by Resin 2019 & 2032
- Table 10: South Korea Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the South Korea Adhesives Industry?
The projected CAGR is approximately > 3.00%.
2. Which companies are prominent players in the South Korea Adhesives Industry?
Key companies in the market include Henkel AG & Co KGaA, YOUNGWOO CF CO LTD, BURIM CHEMICAL CO LTD, OKONG Corp, 3M, H B Fuller Company, Industrial Adhesives Company MCS, SAMYOUNG INK&PAINT INDUSTRIAL CO LTD, AVERY DENNISON CORPORATION, Unitech Co Ltd.
3. What are the main segments of the South Korea Adhesives Industry?
The market segments include End User Industry, Technology, Resin.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
; Growing Demand from Metal and Steel Industries; Other Drivers.
6. What are the notable trends driving market growth?
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
7. Are there any restraints impacting market growth?
; Environmental Constraints; Unfavorable Conditions Arising Due to COVID-19 Outbreak.
8. Can you provide examples of recent developments in the market?
October 2021: 3M introduced a new generation of acrylic adhesives, including 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS.September 2021: Henkel launched its newly developed solvent-free and zero-VOC adhesive range for rubber lining.July 2021: H.B. Fuller announced a strategic agreement with Covestro to offer sustainable adhesives in the market.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "South Korea Adhesives Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the South Korea Adhesives Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the South Korea Adhesives Industry?
To stay informed about further developments, trends, and reports in the South Korea Adhesives Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
