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9th ARAC EXCO Meeting in Taiwan

9th ARAC EXCO Meeting in Taiwan. Korea Adhesive Market Overview October 28 th , 2011 Korea Adhesives Industry Association. Korea Adhesives Market - Overview. ♦ Domestic market in 2010 * Estimated Market : 598,050 MT

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9th ARAC EXCO Meeting in Taiwan

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  1. 9th ARAC EXCO Meeting in Taiwan Korea Adhesive Market Overview October 28th, 2011 Korea Adhesives Industry Association

  2. Korea Adhesives Market - Overview ♦ Domestic market in 2010 * Estimated Market : 598,050 MT Market Value : 1,220 Million US$ Average Growth : 5.2% * Export (16%↑) : 32,541 MT (224 Million US$) * Import (15%↑) : 23,532 MT (223 Million US$) ♦ The market showed healthy growth by increasing demand from automotive and E/E application but dominated by multinational adhesives companies. ♦ Expected growth rate will be down due to European economic turmoil, and increased cost of raw materials & energy, along with strengthened environmental laws & regulations.

  3. Korea Adhesives Production by Product’s Type

  4. KOREA ADHESIVE PRODUCTION & GROWTH RATE Source : KAIA

  5. Korea Adhesives Production by Application Source : KAIA

  6. KOREA ADHESIVE MARKET SEGMENTS & GROWTH RATE Source : KAIA

  7. Korea Adhesives – Export Source : KNSO 7

  8. Korea Adhesives – Imports Source : KNSO 8

  9. MARKET TRENDS AND NEEDS ♦Key success factors for adhesives are Environmentally Friendly and Higher Performance/Functional due to increasing demand of the markets ♦ Focus more on Environmentally Friendly Adhesives, i.e. Non-Solvent Based, Water Based Emulsion, Hot-Melts, and 1or 2 Phase Reactive ♦ High Performance/Functional adhesives demand are rapidly increasing from automotive and E/E markets but dominated by multinational adhesives players. Local Korean companies or big Korean conglomerate entering into this market recently. ♦ New innovative products in waterborne, hot-melt, photo-curable, room temperature or low temperature curing, non-solvent and high-solid content products will get the higher attention for technical development.

  10. Appendix 10

  11. PRODUCTION OF ADHESIVES IN KOREA. (1)

  12. PRODUCTION OF ADHESIVES IN KOREA.(2)

  13. LET’S TAKE ACTION TODAY TO SAVE THE EARTH, AND US THANK YOU FOR YOUR ATTENTION

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