In 2023, South Korea's export of adhesives based on rubber or plastic stood at 33.747 million kilograms. From 2024 onwards, forecasts predict a steady increase, with volumes rising to 34.363 million kilograms in 2024, 35.0 million kilograms in 2025, 35.624 million kilograms in 2026, 36.236 million kilograms in 2027, and reaching 36.836 million kilograms by 2028.
Year-on-year variation shows:
- 2024: 1.83% increase
- 2025: 1.86% increase
- 2026: 1.78% increase
- 2027: 1.72% increase
- 2028: 1.66% increase
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.85%.
Future trends to watch for include technological advancements in adhesive formulations, shifts in global demand driven by manufacturing trends, and potential impacts from regulatory changes affecting trade policies. Additionally, environmental concerns and innovations in eco-friendly adhesives could shape market dynamics significantly.
