South Korea Water Borne Coatings Market Research Report, 2028

The South Korea waterborne coating market has experienced remarkable growth in recent years, driven by factors such as environmental regulations, increased construction activities, and the demand for sustainable coatings. South Korea is known for its advanced technology and innovation. The waterborne coating market benefits from ongoing research and development efforts, resulting in the development of high-performance coatings with superior properties and application efficiency. Sustainability is a key focus in the South Korean waterborne coating market. With increasing environmental concerns, there is a strong emphasis on low-VOC coatings and eco-friendly formulations that minimize environmental impact and support green building practices. The South Korean government actively promotes the waterborne coating industry through initiatives, grants, and policies that encourage the adoption of waterborne coatings. This support contributes to the growth and development of the market. South Korea is a major exporter of waterborne coatings. The country's advanced manufacturing capabilities and quality products have enabled it to expand its market presence globally, catering to the increasing demand for sustainable coatings worldwide. According to the report title, “South Korea Waterborne Market Research Report, 2028”, publish by Actual Market research, the market is anticipated to add USD 778.05 Million from 2022 to 2028. The South Korean government has implemented strict environmental regulations to control and reduce the use of harmful substances in coatings. These regulations aim to promote the use of environmentally friendly and low-VOC waterborne coatings, contributing to sustainable practices. South Korea has developed green building certification systems, such as the Korean Green Building Certification (KGBC) and Leadership in Energy and Environmental Design (LEED) certification. These systems encourage the use of waterborne coatings and other environ ally friendly materials in construction projects. The government provides subsidies and incentives to promote the development and adoption of waterborne coatings. These financial support programs encourage companies to invest in research and development, innovation, and the use of eco-friendly technologies. Korea Chemical Industry Association (KCIA) is a leading association representing the chemical industry in South Korea. It plays a crucial role in promoting the interests of the waterborne coating sector, advocating for industry growth, and addressing key challenges. Korea Paint & Printing Ink Industry Cooperative (KPIC) is an industry cooperative that represents paint and printing ink manufacturers in South Korea. It provides support and resources to its members, including those involved in the production of waterborne coatings.

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The market leader and most popular type of resin for aqueous coatings in South Korea is acrylic resin. Acrylic aqueous coatings are ideal for a variety of applications because of their remarkable adaptability, adhesion, and durability. They are widely utilized in the architecture industry for both interior and exterior coatings, offering protective and beautiful surfaces. Acrylic aqueous coatings, which offer great color retention and gloss for car restoration, are also widely used in the automobile industry. Additionally, acrylic aqueous coatings are used in industrial settings on machinery, equipment, and metal coatings because they offer greater corrosion resistance and endurance. The remarkable performance features of acrylic resin and its capacity to satisfy the numerous needs of many sectors are what have made it so popular in South Korea's waterborne coating market. In the South Korean waterborne coating market, market leaders such as KCC Corporation, Nippon Paint Korea, and SKK Pte. Ltd. are driving innovation and shaping the industry. KCC Corporation is known for its high-quality coatings and continuous research and development efforts to introduce innovative and environmentally friendly products. Nippon Paint Korea emphasizes eco-friendly formulations and advanced coating technologies to meet market demands. SKK Pte. Ltd. focuses on research and development to enhance coating performance and offer tailored solutions. These market leaders are committed to developing innovative waterborne coatings that provide superior performance, durability, and sustainability, contributing to the growth and advancement of the industry in South Korea. In the South Korea waterborne coating market developing waterborne coatings that meet high-performance requirements can be a challenge due to the need for improved adhesion, durability, and resistance properties. The market is highly competitive, with both domestic and international players vying for market share. This can pose challenges for smaller companies trying to establish themselves. South Korea has stringent environmental regulations promoting the use of eco-friendly coatings. This presents an opportunity for waterborne coatings, which have lower VOC emissions and are more environmentally sustainable. The construction industry in South Korea is experiencing significant growth, creating opportunities for waterborne coatings in architectural applications. Innovations in coating technologies, such as improved formulation techniques and nanotechnology, present opportunities for developing high-performance waterborne coatings with enhanced properties.

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Kripa Shah

Senior Analyst

Considered in this report: • Geography: South Korea • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • South Korea Waterborne coating market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Resin Type: • Acrylic • Polyester • Alkyd • Epoxy • Polyurethane • PTFE • PVDF • PVDC

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By Application: • Architectural • Industrial The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the waterborne coating market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry