Press release
South Korea Construction Chemicals Market Expanding at a 6.51% CAGR, Total Revenue is Anticipated to Reach USD 6513.2 Million by 2030 | IGR
Infinium Global Research has added a new report on South Korea Construction Chemicals Market. The report covers the analysis of regional markets of South Korea. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The South Korea construction chemicals market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in South Korea market. The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, technological factors, key trends, and future prospects. The South Korea construction chemicals market was valued at USD 3978.5 Million in 2022 and is expected to reach USD 6513.2 Million by 2030 and grow at a CAGR of 6.51% over the forecast period.
To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/south-korea/sample-request/41280
A Booming Construction Landscape in South Korea
South Korea's construction sector is experiencing robust growth, thanks to substantial investments in infrastructure projects and urban expansion. The government has allocated over USD 300 billion towards the development of airports, roads, railways, and mega-resorts over the past few decades.
Major market players are adopting new business models to gain a competitive edge, while the country's burgeoning urbanization and population growth are key factors propelling the market forward. South Korea's urban population is expanding at a faster rate compared to neighboring countries. In 2019, more than 42 million people in South Korea resided in cities, accounting for approximately 81.4% of the total population, marking a 3.5% increase from 2010.
The rapid urbanization trend is driving city expansion, resulting in the construction of numerous residential and commercial buildings. This surge in construction activity is fueling the demand for construction chemicals, which are essential for various construction processes.
Raw Material Price Fluctuations Pose Challenges
While the growth prospects for the construction chemicals market in South Korea are promising, challenges persist. The prices of raw materials used in construction chemicals are heavily dependent on petroleum and mineral prices, both of which tend to fluctuate significantly over short periods. The volatility in raw material prices can substantially impact the revenue of companies involved in manufacturing and selling construction chemicals.
For example, crude oil prices, a key raw material for various polymers and resins used in construction chemicals, reached a record low of approximately USD -38 per barrel in April 2020. However, just four months later, in August 2020, crude oil prices rebounded to USD 43 per barrel. Such price fluctuations can lead to revenue uncertainties for companies, as witnessed by Bayer's loss of approximately €500 million in 2010 due to higher raw material costs.
Innovations in Construction Drive Market Opportunities
The construction industry is witnessing a wave of innovations designed to enhance efficiency and physical characteristics in construction processes. Innovations like raised flooring systems, self-healing concrete, thin joint construction, 3D printing, and smart roads are revolutionizing the industry. These advancements often require unique construction supplies and materials, including construction chemicals tailored to their specific applications.
For example, construction chemicals used in 3D printing construction projects must exhibit properties that facilitate quick settling and drying, distinct from traditional construction concrete. The rising adoption of these innovative construction methods is driving an increased demand for construction chemicals, creating growth opportunities in the South Korea construction chemicals market.
Key Market Players
The South Korea construction chemicals market boasts key players at the forefront of innovation and market leadership. Prominent companies in this sector include KCC Corporation, SK Chemicals, B&B Co., Ltd, Songwon Industrial, and Silikal Korea Construction Chemical Co., Ltd.
Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/south-korea/customization/41280
Table of Content
Chapter 1. Report Overview
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
Chapter 3. Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. PEST-Analysis
3.4. Porter's Diamond Model for South Korea Construction Chemicals Market
3.5. IGR-Growth Matrix Analysis
3.6. Competitive Landscape in South Korea Construction Chemicals Market
Chapter 4. South Korea Construction Chemicals Market by Type
4.1. Concrete Admixtures
4.2. Waterproofing & Roofing
4.3. Repair
4.4. Flooring
4.5. Sealants & Adhesives
4.6. Other
Chapter 5. South Korea Construction Chemicals Market by End-user
5.1. Residential
5.2. Industrial/commercial
5.3. Infrastructure
5.4. Repair Structure
Chapter 6. Company Profiles
6.1 Competitive Landscape in Construction Chemicals Market
6.1.1 Competitive Landscape
6.2 Company Profiles
6.2.1 KCC Corporation
6.2.1.1 Overview
6.2.1.2 Company Snapshot
6.2.1.3 Product Portfolio
6.2.2 SK Chemicals
6.2.2.1 Overview
6.2.2.2 Company Snapshot
6.2.2.3 Product Portfolio
6.2.3 B&BCo., Ltd
6.2.3.1 Overview
6.2.3.2 Company Snapshot
6.2.3.3 Product Portfolio
6.2.4 Songwon Industrial
6.2.4.1 Overview
6.2.4.2 Company Snapshot
6.2.4.3 Product Portfolio
6.2.5 Silikal Korea Construction Chemical Co., Ltd.
6.2.5.1 Overview
6.2.5.2 Company Snapshot
6.2.5.3 Product Portfolio
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/south-korea/enquiry/41280
Reasons to Buy this Report:
=> Comprehensive analysis of regional markets of South Korea Construction Chemicals.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/south-korea/sample-request/41280
A Booming Construction Landscape in South Korea
South Korea's construction sector is experiencing robust growth, thanks to substantial investments in infrastructure projects and urban expansion. The government has allocated over USD 300 billion towards the development of airports, roads, railways, and mega-resorts over the past few decades.
Major market players are adopting new business models to gain a competitive edge, while the country's burgeoning urbanization and population growth are key factors propelling the market forward. South Korea's urban population is expanding at a faster rate compared to neighboring countries. In 2019, more than 42 million people in South Korea resided in cities, accounting for approximately 81.4% of the total population, marking a 3.5% increase from 2010.
The rapid urbanization trend is driving city expansion, resulting in the construction of numerous residential and commercial buildings. This surge in construction activity is fueling the demand for construction chemicals, which are essential for various construction processes.
Raw Material Price Fluctuations Pose Challenges
While the growth prospects for the construction chemicals market in South Korea are promising, challenges persist. The prices of raw materials used in construction chemicals are heavily dependent on petroleum and mineral prices, both of which tend to fluctuate significantly over short periods. The volatility in raw material prices can substantially impact the revenue of companies involved in manufacturing and selling construction chemicals.
For example, crude oil prices, a key raw material for various polymers and resins used in construction chemicals, reached a record low of approximately USD -38 per barrel in April 2020. However, just four months later, in August 2020, crude oil prices rebounded to USD 43 per barrel. Such price fluctuations can lead to revenue uncertainties for companies, as witnessed by Bayer's loss of approximately €500 million in 2010 due to higher raw material costs.
Innovations in Construction Drive Market Opportunities
The construction industry is witnessing a wave of innovations designed to enhance efficiency and physical characteristics in construction processes. Innovations like raised flooring systems, self-healing concrete, thin joint construction, 3D printing, and smart roads are revolutionizing the industry. These advancements often require unique construction supplies and materials, including construction chemicals tailored to their specific applications.
For example, construction chemicals used in 3D printing construction projects must exhibit properties that facilitate quick settling and drying, distinct from traditional construction concrete. The rising adoption of these innovative construction methods is driving an increased demand for construction chemicals, creating growth opportunities in the South Korea construction chemicals market.
Key Market Players
The South Korea construction chemicals market boasts key players at the forefront of innovation and market leadership. Prominent companies in this sector include KCC Corporation, SK Chemicals, B&B Co., Ltd, Songwon Industrial, and Silikal Korea Construction Chemical Co., Ltd.
Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/south-korea/customization/41280
Table of Content
Chapter 1. Report Overview
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
Chapter 3. Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. PEST-Analysis
3.4. Porter's Diamond Model for South Korea Construction Chemicals Market
3.5. IGR-Growth Matrix Analysis
3.6. Competitive Landscape in South Korea Construction Chemicals Market
Chapter 4. South Korea Construction Chemicals Market by Type
4.1. Concrete Admixtures
4.2. Waterproofing & Roofing
4.3. Repair
4.4. Flooring
4.5. Sealants & Adhesives
4.6. Other
Chapter 5. South Korea Construction Chemicals Market by End-user
5.1. Residential
5.2. Industrial/commercial
5.3. Infrastructure
5.4. Repair Structure
Chapter 6. Company Profiles
6.1 Competitive Landscape in Construction Chemicals Market
6.1.1 Competitive Landscape
6.2 Company Profiles
6.2.1 KCC Corporation
6.2.1.1 Overview
6.2.1.2 Company Snapshot
6.2.1.3 Product Portfolio
6.2.2 SK Chemicals
6.2.2.1 Overview
6.2.2.2 Company Snapshot
6.2.2.3 Product Portfolio
6.2.3 B&BCo., Ltd
6.2.3.1 Overview
6.2.3.2 Company Snapshot
6.2.3.3 Product Portfolio
6.2.4 Songwon Industrial
6.2.4.1 Overview
6.2.4.2 Company Snapshot
6.2.4.3 Product Portfolio
6.2.5 Silikal Korea Construction Chemical Co., Ltd.
6.2.5.1 Overview
6.2.5.2 Company Snapshot
6.2.5.3 Product Portfolio
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/south-korea/enquiry/41280
Reasons to Buy this Report:
=> Comprehensive analysis of regional markets of South Korea Construction Chemicals.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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