South Korea Waterborne Coatings Market Size & Outlook
South Korea waterborne coatings market, 2018-2030 (US$M)
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South Korea waterborne coatings market highlights
- The South Korea waterborne coatings market generated a revenue of USD 2,075.5 million in 2022 and is expected to reach USD 3,338.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
- In terms of segment, architectural was the largest revenue generating application in 2022.
- Automotive OEM is the most lucrative application segment registering the fastest growth during the forecast period.
Waterborne coatings market data book summary
| Market revenue in 2022 | USD 2,075.5 million |
| Market revenue in 2030 | USD 3,338.8 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Architectural |
| Fastest growing segment | Automotive OEM |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Architectural, General Industries, Automotive OEM, Metal Packaging, Protective Coatings, Automotive Refinish, Industrial Wood, Marine, Coil |
| Key market players worldwide | Akzo Nobel NV, Basf SE, Axalta Coating Systems Ltd, Kansai Paint Co Ltd, Nippon Paint Holdings Co Ltd, PPG Industries Inc, RPM International Inc, Sherwin-Williams Co, Berger Paints, Valspar, Tikkurila Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.0% of the global waterborne coatings market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China waterborne coatings market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,583.6 million by 2030.
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Waterborne Coatings Market Scope
Waterborne Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea waterborne coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to waterborne coatings market will help companies and investors design strategic landscapes.
Architectural was the largest segment with a revenue share of 82.65% in 2022. Horizon Databook has segmented the South Korea waterborne coatings market based on architectural, general industries, automotive oem, metal packaging, protective coatings, automotive refinish, industrial wood, marine, coil covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea waterborne coatings market , including forecasts for subscribers. This country databook contains high-level insights into South Korea waterborne coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea waterborne coatings market size, by application, 2018-2030 (US$M)
South Korea Waterborne Coatings Market Outlook Share, 2022 & 2030 (US$M)
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