South Korea Resinous Flooring Market Size & Outlook
South Korea resinous flooring market, 2018-2030 (US$M)
Related Markets
South Korea resinous flooring market highlights
- The South Korea resinous flooring market generated a revenue of USD 90.5 million in 2023 and is expected to reach USD 140.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, epoxy was the largest revenue generating resin type in 2023.
- Epoxy is the most lucrative resin type segment registering the fastest growth during the forecast period.
Resinous flooring market data book summary
| Market revenue in 2023 | USD 90.5 million |
| Market revenue in 2030 | USD 140.4 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Epoxy |
| Fastest growing segment | Epoxy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Epoxy, Polymethyl Methacrylate, Polyurethane |
| Key market players worldwide | RPM International Inc, Tri Polarcon, ArmorPoxy, Sika AG, Resdev, RCR Industrial Flooring, Jemkon, Flowcrete Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.8% of the global resinous flooring market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China resinous flooring market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 201.6 million by 2030.
Epoxy was the largest segment with a revenue share of 45.64% in 2023. Horizon Databook has segmented the South Korea resinous flooring market based on epoxy, polymethyl methacrylate, polyurethane covering the revenue growth of each sub-segment from 2018 to 2030.
The resinous flooring market in South Korea is expected to witness notable growth on account of a rebound of the construction industry, driven by increasing investment by the government in public sector projects.
Expansion across residential, commercial, and infrastructure sectors along with favorable government policies is projected to have a positive impact on the rising demand for flooring products over the forecast period.
The government of South Korea are implementing several policies to dominate the semiconductor chipmarket; hence, the country is investing significantly to set up advanced chip factories. For instance, in May 2021.
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Resinous Flooring Market Scope
Resinous Flooring Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea resinous flooring market size, by resin type, 2018-2030 (US$M)
South Korea Resinous Flooring Market Share, 2023 & 2030 (US$M)
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