Summary

The residential, commercial, and infrastructure construction sectors in South Korea are all at maximum capacity. For these constructions to last a long time and be safe, this boom necessitates the use of excellent waterproofing solutions. South Korea's skyline is peppered with skyscrapers and high-rise structures as urbanization spreads across the country. Chemicals used in waterproofing are at the forefront of shielding these enormous structures from the weather. A significant application for waterproofing compounds is roofing. Robust roofing solutions are required in South Korea due to the country's erratic weather, which includes both high summer rains and heavy winter snowfall. The climate in South Korea is characterized by intense sunlight and high UV radiation levels. To withstand exposure to sunlight and increase the longevity of roofs, waterproofing chemicals are employed in roofing applications. The demand for structures that may be used for commercial purposes is increasing along with consumer spending power and tourism, which is propelling the South Korean market for waterproofing chemicals. In order to protect the structures of new infrastructure projects and existing older buildings, there will likely be an increase in the demand for waterproofing chemicals. In South Korea, the demand for waterproofing chemicals is also anticipated to be boosted by government programs for construction companies and new infrastructure projects. Waterproofing materials must be used to meet strict building laws and regulations as well as quality and safety requirements. Adherence to these requirements fuels demand for waterproofing solutions. The use of sustainable construction methods is highly valued in South Korea. The demand for energy-efficient and green building-compliant waterproofing chemicals is high. The expansion of the waterproofing chemicals market is aided by government efforts and financial support for housing and infrastructure development projects. Advanced waterproofing solutions are frequently needed for these projects.

According to the research report "South Korea Waterproofing Chemicals Market Overview, 2028," published by Bonafide Research, the South Korea Waterproofing Chemicals market is anticipated to grow at more than 9.85% CAGR from 2023 to 2028. The manufacturing of waterproofing compounds has also been transformed by nanotechnology in South Korea. The discovery of numerous nanotechnology-based waterproofing chemicals has resulted from growing investments in and research and development efforts related to nanotechnology, providing lucrative opportunities for market growth in South Korea in the ensuing years. Ceramic coating for waterproofing is one such example. Water, oil, grime, and other dry particles are all repelled by the surface coating known as Nancoating. Super hydrophobic coatings are applied to dry surfaces and can be found on some insect wings and some plant leaves, such as the lotus leaf. These eco-friendly, high-hydrophobic Nanocoatings can be put on things to permanently make them watertight. The item resists corrosion or oxidation, ice, UV rays, and extreme temperatures, as well as resistant chemical compounds. It has self-cleaning capabilities when it rains and can be used on a variety of surfaces. The adoption of smart building technology in South Korea includes waterproofing. Waterproofing layers include smart sensors and monitoring systems that can instantly spot leaks or moisture penetration. With this proactive approach, damage is less likely, and fast maintenance is possible. The use of waterproofing materials with reflective and insulating qualities in roofing systems is growing in South Korea. These components improve building energy efficiency, maintain indoor temperatures, and lower cooling expenses. In order to improve energy efficiency and sustainability, South Korea is implementing green roof and cool roof technologies. In order to support these roofing systems, waterproofing chemicals are specially formulated, which have environmental and urban heat island mitigation benefits.

Based on product type market is majorly divided into bitumen (SBS bitumen, APP bitumen, others), thermoplastic polyolefin (TPO), polyvinyl chloride (PVC), elastomers, ethylene propylene diene terpolymer (EPDM), polytetrafluoroethylene (PTFE) and others (acrylics, silicone, polyurethane (PU), etc.). The remarkable waterproofing capabilities of PTFE are well known. It creates a surface that is non-reactive, low-friction, and water-repellent, effectively preventing water intrusion and offering durable defense. PTFE is a great option for waterproofing applications in industrial settings and places where exposure to corrosive substances is a concern because of its strong resistance to chemicals and acids. Waterproofing agents with a PTFE basis provide exceptional toughness and longevity. They can survive South Korea's varied weather patterns, such as frequent changes in temperature and severe precipitation, without deteriorating or losing their efficiency. Chemicals made of PTFE can be used on a variety of surfaces, including industrial machinery, walls, and roofs. They are excellent for a variety of waterproofing applications due to their adaptability.

In terms of technology market is divided into integral systems, preformed membranes, and coatings & liquid applied membrane systems. Liquid applied membrane system is predicted to grow at significant rate in South Korea waterproofing chemicals market. Systems with liquid-applied membranes are renowned for their longevity and capacity for waterproofing. As contractors and property owners look for trustworthy and efficient waterproofing options, some liquid-applied membrane technologies could provide ecologically acceptable alternatives as environmental concerns are becoming more prevalent in construction practices. Products with low volatile organic content (VOCs) or made from more environmentally friendly components may do well on the market. Liquid-applied membrane system advancements may result from ongoing waterproofing material research and development. Based on application market is divided into roofing & walls, floors & basements, bridge & highways, waste & water management, tunnel & landfills and others (dams and reservoirs, underground vaults, fountains and water features, elevator pits, cisterns, etc.). There is significant rise in waterproofing chemical use in bridge and highways in South Korea. There are many different types of weather in South Korea, such as snowfall, torrential rain, and temperature changes. These harsh weather conditions can result in water intrusion, which over time can harm bridges and highways structurally. Protecting these important infrastructure elements from moisture-related damage requires the use of waterproofing solutions. South Korea has made significant investments in the development of its infrastructure, including the building and upkeep of bridges and roads. There is a rising need to safeguard the endurance and durability of these structures as the nation's transportation network is expanded. By increasing the lifespan of bridges and highways, waterproofing chemicals help to gradually lower maintenance costs.

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 Waterproofing Chemicals 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 Product Type:
• Bitumen (SBS Bitumen, APP Bitumen, Others)
• Thermoplastic Polyolefin (TPO)
• Polyvinyl Chloride (PVC)
• Elastomers
• Ethylene propylene diene terpolymer (EPDM)
• Polytetrafluoroethylene (PTFE)
• Others (Acrylics, Silicone, Polyurethane (PU), etc.)

By Technology:
• Integral Systems
• Preformed Membranes
• Coatings & Liquid Applied Membrane Systems

By Application:
• Roofing & Walls
• Floors & Basements
• Bridge & Highways
• Waste & Water management
• Tunnel & Landfills
• Others (dams and reservoirs, underground vaults, fountains and water features, elevator pits, cisterns, etc.)

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, and annual reports of companies, analyzing the 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 into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we 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 Waterproofing Chemicals industry, 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.

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