South Korea Structural Adhesives Market (2024-2029)
The South Korea Structural Adhesives Market was valued at $65.9 Million in 2024 and projected to reach to $87.8 Million by 2029, representing a compound annual growth rate of 5.9%. South Korea's structural adhesives market is poised for sustained growth through 2029, driven by the country's world-class manufacturing ecosystem and export-oriented industries.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
South Korea Structural Adhesives Market Trends and Insights
- This growth trajectory reflects South Korea's robust manufacturing sector, particularly in automotive, electronics, and aerospace industries that rely heavily on advanced bonding solutions.
- South Korea's position as a global technology hub drives demand for high-performance adhesives that meet stringent quality and durability standards. The structural adhesives market in South Korea is characterized by increasing adoption of lightweight materials and composite bonding applications across industrial segments.
- South Korea's emphasis on innovation and sustainability is pushing manufacturers to develop eco-friendly adhesive formulations that maintain superior performance.
- Between 2024 and 2029, South Korea's market is expected to benefit from rising investments in electric vehicle production and semiconductor manufacturing, both of which require specialized structural bonding solutions..
Key Market Statistics
- CAGR (2024-2029) 5.9% CAGR
- Market Size, 2024 ~USD 65.9 Million
- Forecast, 2029 ~USD 87.8 Million
- Country South Korea
South Korea Structural Adhesives Market Overview
Market Valuation Growth :
South Korea's structural adhesives market is valued at USD 65.9 million in 2024, with a projected CAGR of 5.9% through 2029, reaching USD 87.8 million. This outpaces the global CAGR of 5.5%, indicating stronger regional demand.
Automotive & Electronics Dominance :
South Korea's thriving automotive and electronics manufacturing sectors drive significant demand for structural adhesives. Major OEMs and component suppliers require advanced bonding solutions for lightweighting and durability in vehicles and consumer electronics.
Aerospace & Defense Applications :
South Korea's growing aerospace industry, supported by government initiatives and defense contracts, creates substantial opportunities for high-performance structural adhesives in aircraft assembly, composite bonding, and military applications.
Technology & Innovation Hub :
As a global technology leader, South Korea's emphasis on R&D and advanced manufacturing drives adoption of next-generation adhesive technologies, including eco-friendly formulations and high-temperature resistant solutions for emerging applications.
South Korea Structural Adhesives Market Dynamics
- The automotive sector's shift toward electric vehicles and lightweight materials will accelerate adhesive adoption, while the electronics industry's miniaturization trends demand precision bonding solutions.
- Government support for advanced manufacturing and green technology initiatives further strengthens market fundamentals. The market will benefit from South Korea's strategic position in global supply chains and increasing investments in aerospace and defense sectors.
- Rising environmental regulations are pushing manufacturers toward sustainable adhesive solutions, creating opportunities for bio-based and low-VOC products.
- Continued innovation in composite materials and structural bonding technologies will support market expansion, with local manufacturers and international players competing for market share in this dynamic regional market..
Related Ecosystem
Adhesives And Sealants
- Alkyd Resins
- Polyurethane Resin
- Epoxy Resin
- Polyester Resin
- Polyolefin
- 3M COMPANY
- Henkel ag and co. kgaa
- H.B. Fuller Company
- Sika ag
- DOW CHEMICAL COMPANY
Power Infrastructure
- Geographical Information System (GIS)
- Cogeneration
- Battery Electric Vehicle (BEV)
- Cellular Network
- Fuel Cell
- Siemens ag
- ABB India Limited
- SCHNEIDER ELECTRIC SE
- General Electric Company
- Eaton Corporation plc
Renewable Energy Material
- HVAC System
- Actuators
- Aramid Fiber
- Electrical Insulation
- Electrochemical BioSensor
- Basf se
- Evonik industries ag
- Borealis ag
- Wacker chemie ag
- Henkel ag and co. kgaa
Key Takeaways
- South Korea's structural adhesives market is valued at USD 65.9 million in 2024 and is forecast to reach USD 87.8 million by 2029, representing a 5.9% CAGR.
- South Korea's automotive and electronics industries are primary drivers of structural adhesive demand, particularly for lightweight composite applications.
- South Korea's commitment to sustainability and innovation is accelerating the development of high-performance, eco-friendly adhesive solutions.
- South Korea's growing electric vehicle and semiconductor sectors present significant growth opportunities for structural adhesive manufacturers through 2029.
Structural Adhesives Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2024 |
| Fastest Growing Segment | CYANOACRYLATE (Resin) |
| Forecast Period | 2024–2029 |
| Growth Rate | CAGR of 5.5% from 2024 to 2029 |
| Largest Segment | REACTIVE & OTHER TECHNOLOGIES (Technology) |
| Market Size Base Year (Billions) | ~USD 13.54 (2024) |
| Revenue Forecast (Billions) | ~USD 17.7 (2029) |
| Segments Covered | Substrate, Resin, Technology, Application |
South Korea Structural Adhesives Market Report Segmentation
4 segment dimensions are covered across the global market.
By Substrate
- Composites
- Metals
- Other Substrates
- Plastics
- Wood
By Resin
- Acrylic
- Cyanoacrylate
- Epoxy
- Methyl Methacrylate (Mma)
- Mma
- Other Resins
- Polyurethane (Pu)
- Pu
By Technology
- Reactive & Other Technologies
- Solvent-Based
- Water-Based
By Application
- Aerospace
- Automotive
- Building & Construction
- Bus & Truck
- Marine
- Other Applications
- Rail
- Wind Energy
Target Audience
- Adhesive Manufacturers & Suppliers : Companies seeking to expand or establish operations in South Korea need detailed market data to assess growth potential, identify customer segments, and develop region-specific product strategies.
- Automotive & Electronics OEMs : South Korean and international manufacturers in automotive and electronics sectors require market insights to optimize adhesive sourcing, evaluate supplier capabilities, and plan production strategies.
- Investment & Private Equity Firms : Investors evaluating opportunities in South Korea's chemical and materials sector need comprehensive market analysis to assess growth potential, competitive dynamics, and return on investment scenarios.
- Strategic Consultants & Business Advisors : Consulting firms advising clients on market entry, expansion, or M&A activities in South Korea require detailed regional market data to support strategic recommendations and feasibility studies.
- Government & Trade Organizations : Korean government agencies, trade associations, and economic development organizations use market data to inform industrial policy, support local manufacturers, and promote sector competitiveness.
Key Companies in the South Korea Structural Adhesives Market
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| DUPONT | United States | Public Company | Healthcare & Water Technologies,Construction Materials (TYVEK, STYROFOAM, CORIAN),Engineered Industrial Components & Lubricants, |
| HENKEL AG & CO. KGAA | Germany | Public Company | Adhesive Technologies (packaging, consumer goods, mobility, electronics, craftsmen, construction, professional),Laundry & Home Care (heavy-duty detergents, specialty detergents, fabric care, dishwashing, surface cleaners),Hair & Body Care (hair styling, colorants, hair care, body care, salon channel), |
| SIKA AG | Switzerland | Public Company | Concrete, cement, and mortar admixtures/additives,Waterproofing systems (SikaProof and related),Flat roofing systems (Sika Sarnafil and accessories), |
| 3M | United States | Public Company | Safety and Industrial,Transportation and Electronics,Consumer, |
| HUNTSMAN CORPORATION | United States | Public Company | Polyurethanes,Performance Products (Amines & Carbonates),Advanced Materials (Epoxy & Thermosets), |
| ILLINOIS TOOL WORKS INC. | United States | Public Company | Automotive OEM,Food Equipment,Test & Measurement and Electronics, |
| H.B. FULLER COMPANY | United States | Public Company | Engineering PU adhesives (structural and automotive),Construction and panel bonding PU,Hygiene, packaging, and consumer-related PU, |
| WACKER CHEMIE AG | Germany | Public Company | Silicones,Polymers,Polysilicon, |
| MAPEI S.P.A. | Italy | Private Company | Ceramic, stone, and resilient flooring systems,Waterproofing, building envelope, and structural strengthening,Concrete admixtures and architectural paving systems, |
DUPONT
DUPONT is a publicly traded company headquartered in the United States, founded in 2015 with 15,000 employees. The company operates as a diversified materials science and specialty chemicals manufacturer.
HENKEL AG & CO. KGAA
HENKEL AG & CO. KGAA is a publicly traded German company established in 1876, employing 42,200 people globally. The company is a leading manufacturer of adhesives, sealants, and surface treatments for industrial and consumer markets.
SIKA AG
SIKA AG is a publicly traded Swiss company founded in 1910 with 30,629 employees worldwide. The company specializes in chemical products for construction, automotive, and industrial applications including adhesives, sealants, and coatings.
3M
3M is a publicly traded United States company established in 1902 with 60,500 employees. The company is a diversified technology and manufacturing conglomerate producing adhesives, abrasives, coatings, and numerous other products across multiple industries.
HUNTSMAN CORPORATION
HUNTSMAN CORPORATION is a publicly traded United States company founded in 1970 with 6,000 employees. The company manufactures specialty chemicals, pigments, and polyurethane products for various industrial applications.
ILLINOIS TOOL WORKS INC.
ILLINOIS TOOL WORKS INC. is a publicly traded United States manufacturer founded in 1912 with 43,000 employees. The company produces engineered fasteners, components, and specialty products for automotive, construction, and industrial markets.
H.B. FULLER COMPANY
H.B. FULLER COMPANY is a publicly traded company headquartered in the United States and founded in 1887. The company manufactures adhesives, sealants, and specialty chemical products for industrial and consumer applications.
WACKER CHEMIE AG
WACKER CHEMIE AG is a publicly traded German company established in 1914 with 16,196 employees. The company produces specialty chemicals including silicones, polymers, and fine chemicals for construction, automotive, and industrial sectors.
MAPEI S.P.A.
MAPEI S.P.A. is a private Italian company founded in 1937 with 13,252 employees. The company is a global manufacturer of adhesives, sealants, and chemical products for construction and building applications.
Reasons to Buy this Report
- Regional Market Intelligence : Gain deep insights into South Korea's specific market dynamics, including local manufacturing trends, regulatory environment, and competitive landscape that differ from global market analysis.
- Industry-Specific Growth Drivers : Understand how South Korea's automotive, electronics, and aerospace sectors uniquely drive structural adhesive demand, enabling targeted business strategy and market entry planning.
- Competitive Positioning Data : Identify local and international competitors operating in South Korea, their market share, product portfolios, and strategic initiatives to inform competitive benchmarking and partnership opportunities.
- Investment & Expansion Planning : Access market size projections and growth forecasts specific to South Korea to support investment decisions, capacity planning, and resource allocation for regional operations.
- Regulatory & Sustainability Insights : Stay informed on South Korea's environmental regulations, green manufacturing standards, and sustainability requirements driving demand for eco-friendly adhesive solutions in the region.
Frequently asked questions
What is the current size of South Korea's structural adhesives market?
South Korea's structural adhesives market was valued at USD 65.9 million in 2024 according to verified market data.
What is the projected market size for South Korea's structural adhesives by 2029?
South Korea's structural adhesives market is forecast to reach USD 87.8 million by 2029, growing at a 5.9% CAGR.
Which industries drive demand for structural adhesives in South Korea?
South Korea's automotive, electronics, aerospace, and semiconductor manufacturing sectors are the primary drivers of structural adhesive demand.
What growth rate is South Korea's structural adhesives market expected to achieve?
South Korea's structural adhesives market is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2029.
What trends are shaping South Korea's structural adhesives market?
South Korea's market is shaped by increasing adoption of lightweight composites, electric vehicle production growth, sustainability initiatives, and semiconductor manufacturing expansion.
RESEARCH METHODOLOGY
The study involved four major activities in estimating the market size for structural adhesives. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold-standard and silver-standard websites, such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research, which involved conducting extensive interviews with key officials, including CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The structural adhesives market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Notes: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2024/2025 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
|
COMPANY NAME |
DESIGNATION |
|
Henkel AG & KGaA |
Senior Manager |
|
Huntsman International LLC |
Innovation Manager |
|
Arkema S.A. |
Vice-President |
|
3M Company |
Production Supervisor |
|
Sika AG |
Sales Manager |
Note: Tier 1 companies’ revenue is more than USD 10 billion; Tier 2 companies’ revenue ranges between USD 1 and 10 billion; and Tier 3 companies’ revenue ranges between USD 500 million and USD 1 billion.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the structural adhesives market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Data Triangulation
After determining the overall market size using the market size estimation processes explained above, the market was divided into several segments and subsegments. To complete the overall market engineering process and determine the exact statistics for each market segment and subsegment, data triangulation and market breakdown procedures were employed, as applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the structural adhesives industry.
Market Definition
According to FEICA, the Association of the European Adhesive and Sealant Industry, structural adhesives are adhesives used to bond load-bearing joints or substrates. They can handle high tensile, shear, cleavage, and peel strength between the substrates and provide excellent mechanical performance. They enable weight reduction and improve the aesthetic appeal of end products without any visible bolts, rivets, or welds. These adhesives offer excellent strength, load-bearing capability, durability, and resistance against impact, heat, fatigue, and solvents. All structural adhesives provide at least 1,000 psi or 7 Mpa of overlap shear strength to the substrates. Structural adhesives include low-viscosity liquids, non-sag pastes, and one- and two-component formulations.
Key Stakeholders
- Structural adhesive manufacturers
- Structural adhesive distributors
- Raw material suppliers
- Government and research organizations
- Investment banks and private equity firms
Report Objectives
- To analyze and forecast the size of the global structural adhesives market in terms of value and volume
- To provide detailed information about the major drivers, restraints, challenges, and opportunities influencing the market growth
- To define, describe, and segment the market based on substrate, resin, technology, application, and region
- To forecast the size of the market segments based on regions such as Asia Pacific, North America, Europe, the Middle East & Africa, and South America
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
- To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contributions to the overall market
- To identify and analyze opportunities for stakeholders in the market
- To analyze competitive developments such as expansions, partnerships, joint ventures, mergers & acquisitions, agreements, and product launches in the market
- To strategically profile the key companies and comprehensively analyze their core competencies
Available customizations:
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Get the Full Structural Adhesives Market Report
Full forecast, segment splits, and company analysis for all Structural Adhesives Market.
- China Structural Adhesives Market
- Japan Structural Adhesives Market
- India Structural Adhesives Market
- Canada Structural Adhesives Market
- Mexico Structural Adhesives Market
- US Structural Adhesives Market
- Germany Structural Adhesives Market
- France Structural Adhesives Market
- Italy Structural Adhesives Market
- UK Structural Adhesives Market
- Brazil Structural Adhesives Market
- South America Structural Adhesives Market
- Rest Of Europe Structural Adhesives Market
- Russia Structural Adhesives Market
- Spain Structural Adhesives Market
- Turkey Structural Adhesives Market
- Indonesia Structural Adhesives Market
- Rest Of Asia Pacific Structural Adhesives Market
- Taiwan Structural Adhesives Market
- Thailand Structural Adhesives Market
- Vietnam Structural Adhesives Market
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