South Korea Wall Material Market (2022-2028) | Trends, Value, Revenue, Analysis, Industry, Share, Segmentation & COVID-19 IMPACT

Market Forecast By Application (Interior, Exterior), By Product Type (Interior (Material Types (Metal Wall Panels, Polyvinyl Chloride (PVC ) Wall Panels, Wood Wall Panels, MDF Wall Panels, Stone, Ceramic Tiles, Marble), End Users (Residential, Commercial)), Exterior (Material Types (Vinyl, Metal, Brick, Stone, Wood, Glass Panel, Ceramic Tiles, Concrete, Marble), End Users (Residential, Commercial))) and Competitive Landscape

Product Code: ETC4377986 Publication Date: Jan 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 74 No. of Figures: 21 No. of Tables: 6

South Korea Wall Material Market Synopsis

South Korea Wall Material Market expected to grow owing to rising construction activities, such as increasing commercial and residential infrastructure in the South Korean region as the Ministry of Land, Infrastructure and Transport announced its real estate plan to provide affordable housing by 2025 in big cities to meet young people's demand and tackle increasing home prices. The Wall Material Market in South Korea has been obtaining growth since the time of its formation. The growing number of investments in various mega projects in country’s infrastructure in residential and commercial spaces would create the demand for wall materials in the coming years. The sector will come out as one of the most prominent sectors in the country. Many factors have been supporting the evolvement of this sector in the country.

South Korea Wall Material Market

According to 6Wresearch, South Korea Wall Material Market revenue size is projected to grow at a CAGR of 4.8% during 2022-2028. South Korea Wall Material market grew significantly during the period 2018-2019 on account of revival in construction activity. Around $1.35 billion was invested in hospitality sector during the period 2018-2019 which augmented the wall material market. However, the COVID-19 pandemic disrupted the overall economy in South Korea, leaving its negative imprint on numerous sectors and restraining the growth of wall material market during the year 2020 due to disrupted supply chain and halt in construction projects. The wall material market has recovered in 2021 and, would register steady growth in 2022 on the back of several large-scale infrastructure projects in the country such as the expansion of Incheon airport, growing office spaces, construction of Busan’s airport and building of 2.5 million housing units by 2035.

Market by Product Type

By product type, exterior segment accounted for the maximum market revenue share in 2021 due to the continuous growth in the number of hotel rooms, commercial office spaces and the expansion of airports in the country. The Interior segment of the South Korean wall material market is expected to grow moderately in the future owing to the rising construction of new houses across the country, including detached homes, multi-family dwellings and apartments and increasing investment in vital commercial applications such as offices and hospitality.

South Korea Wall Material Market By Type

Market by Material Type

PVC wall panels by interior wall material accounted for the largest share in 2021 owing to the growth of hotel rooms from 51,000 in 2020 to 52,000 in 2021. Further, market would grow with foreign investment of $1.4 billion in the real estate & hospitality sectors in the coming years.

In 2021, Brick by exterior wall material accounted by for major revenue share in South Korea wall material market (exterior) on the back of the growth of infrastructure and residential sector. Further, supply of 2.5 million housing units, majorly in Seoul region to meet the people’s demand, would propel the market of bricks in the country over the coming years.

Market by End Users

In 2021, residential sector by interior accounted for major revenue share in South Korea wall material (interior) backed by government measures to ease housing taxes, which is increasing the interest of foreign investors in the country. This factor would further boost the demand for wall materials.

Commercial sector by exterior accounted for major revenue share in South Korea wall material market (exterior) for 2021 owing to the continuous building of hotels which is projected to be around 58,000 rooms by 2025, majorly in Seoul and Incheon region. Thus, this pipeline of hotel construction across the country in the coming years, would propel the demand for wall material in the years ahead.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 11 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2022
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • South Korea Wall Material Market Overview
  • South Korea Wall Material Market Outlook
  • South Korea Wall Material Market Forecast
  • Historical Data and Forecast of South Korea Wall Material Market Revenues for the Period 2018-2028F
  • Historical Data and Forecast of South Korea Wall Material Market Revenues, By Applications for the Period 2018-2028F
  • Historical Data and Forecast of South Korea Wall Material Market Revenues, By Product Type for the Period 2018-2028F
  • Market Drivers and Restraints
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Impact Analysis of COVID-19
  • Market Trends
  • Market Opportunity Assessment
  • Company Revenue Ranking/Shares
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Application

  • Interior
  • Exterior

By Product Type

  • Interior
    • Material Types
      • Metal Wall Panels
      • Polyvinyl Chloride (PVC ) Wall Panels
      • Wood Wall Panels
      • MDF Wall Panels
      • Stone
      • Ceramic Tiles
      • Marble

    • End Users
      • Residential
      • Commercial

 

  • Exterior
    • Material Types
      • Vinyl
      • Metal
      • Brick
      • Stone
      • Wood
      • Glass Panel
      • Ceramic Tiles
      • Concrete
      • Marble

    • End Users
      • Residential
      • Commercial
South Korea Wall Material Market: FAQs
South Korea Wall Material market revenue size is projected to grow at a CAGR of 4.8% during 2022-28.
The COVID-19 pandemic disrupted the overall economy in South Korea, leaving a negative imprint on numerous sectors and restraining the growth of the wall material market during the year 2020 due to a disrupted supply chain and a halt in construction projects.
The rising construction activities, such as increasing commercial and residential infrastructure in the South Korean region as the Ministry of Land, Infrastructure and Transport announced its real estate plan to provide affordable housing by 2025 in big cities to meet young people's demand and tackle increasing home prices. And the growing number of investments in various mega projects in country’s infrastructure in residential and commercial spaces would create the demand for wall materials in the coming years.
The Interior segment of the South Korean wall material market is expected to grow moderately in the future owing to the rising construction of new houses across the country, including detached homes, multi-family dwellings and apartments and increasing investment in vital commercial applications such as offices and hospitality.
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1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. South Korea Wall Material Market Overview
3.1 South Korea Wall Material Market Revenues and Volume (2018-2028F)
3.2 South Korea Wall Material Market Industry Life Cycle
3.3 South Korea Wall Material Market Porter’s Five Forces Model
3.4 South Korea Wall Material Market Revenue Share, By Product Types (2021 & 2028F)
3.4 South Korea Wall Material Market Revenue Share, By Material Types (2021 & 2028F)
3.4 South Korea Wall Material Market Revenue Share, By End Users (2021 & 2028F)
4. Impact Analysis of Covid-19 on South Korea Wall Material Market
5. South Korea Wall Material Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. South Korea Wall Material Market, By Interior Product Type
6.1 South Korea Wall Material Market, By Interior Applications
6.2 South Korea Wall Material Market, By End Users
7. South Korea Wall Material Market, By Exterior Product Type
7.1 South Korea Wall Material Market, By Exterior Applications
7.2 South Korea Wall Material Market, By End Users
8. South Korea Wall Material Market - Key Performance Indicators
9. South Korea Wall Material Market Opportunity Assessment
9.1 South Korea Wall Material Market Opportunity Assessment, By Interior Vs Exterior (2028F)
9.2 South Korea Wall Material Market Opportunity Assessment, By Product Types (2028F)
9.3 South Korea Wall Material Market Opportunity Assessment, By End Users (2028F)
10. South Korea Wall Material Market Competitive Landscape
10.1 South Korea Wall Material Market, Key Players (2021)
10.2 South Korea Wall Material Market Key Companies Competitive Benchmarking, By Operating Parameters
11. Company Profiles (Top 10)
11.1 KCC Corporation
11.2 POSCO
11.3 KYUNWON S&S Co. Ltd
11.4 Marmo Co., Ltd.
11.5 S.M Moulding Co., Ltd.
11.6 Sungilceramics Co., Ltd
11.7 LX Hausys Co., Ltd.
11.8 Hyundai L&C
11.9 KS Wallcoverings KS Wallcoverings
11.10 IS DONGSEO Co., Ltd.
11.11 Saint-Gobain Isover Korea Co.,Ltd.
11.12 Hyundai Steel
12. Key Strategic Recommendations
13. Disclaimer
List of Figures
  1. South Korea Wall Material Market Revenues, 2018-2028F ($ Million)
  2. South Korea Wall Material Market Revenue Share, By Product Types (2021 & 2028F)
  3. South Korea Wall Material Market Revenue Share (Interior), By Material Types (2021 & 2028F)
  4. South Korea Wall Material Market Revenue Share (Exterior), By Material Types (2021 & 2028F)
  5. South Korea Wall Material Market Revenue Share (Interior), By End Users (2021 & 2028F)
  6. South Korea Wall Material Market Revenue Share (Exterior), By End Users (2021 & 2028F)
  7. Korean Real Estate Investment, By Sector ($ Billion, 2018-2021)
  8. Distribution Of Korean Real Estate Investment, By Sector (2018-1H2022)
  9. Investment in real estate in Korea ($ Billion, 2018-2021)
  10. South Korea’s GDP per capita, current prices (USD Thousand per capita, 2018-2027F) 
  11. South Korea’s Unemployment rate (2018-2025F)
  12. South Korea’s Cement Prices, July 2014 – 2022E (WON/metric ton)
  13. South Korean benchmark interest rate and forecast (2018-2024F)
  14. South Korea’s Inflation rate, average consumer prices (Annual percent change, 2018-2025F)
  15. Number of Hotel Rooms in South Korea, 2020-2025F
  16. South Korea Hotel Investment Volume ($ million), 2017-2021
  17. South Korea Wall Material Market Opportunity Assessment, By Interior vs Exterior (2028F)
  18. South Korea Wall Material Market Opportunity Assessment, By Product Types, Interior (2028F)
  19. South Korea Wall Material Market Opportunity Assessment, By Product Types, Exterior (2028F)
  20. South Korea Wall Material Market Opportunity Assessment, By End Users, Interior (2028F)
  21. South Korea Wall Material Market Opportunity Assessment, By End Users, Exterior (2028F)
List of Tables
 1. South Korea Wall Material Market Revenues, By Interior Applications, 2018-2028F ($ Million)
 2. South Korea Interior Wall Material Market Revenues, By End Users, 2018-2028F ($ Million)
 3. South Korea Wall Material Market Revenues, By Exterior Applications, 2018-2028F ($ Million)
 4. South Korea Exterior Wall Material Market Revenues, By End Users, 2018-2028F ($ Million)
 5. Breakdown of New Housing Supply - SCA and Other
 6. Top 5 office investment deals (2021~H1 2022)
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