Transcript Korea Adhesive Industry Association

KOREA ADHESIVE MARKET OVERVIEW
Korea Adhesive Industry Association
Sept. 26, 2013
CREATING TOMORROW'S SOLUTIONS
KOREA ADHESIVES MARKET - OVERVIEW
• Key features of Korean market in 2012
 Market size : 581,035 MT(4.5% ↓ from 608,765 MT in 2011)
 Estimated Turnover value : 1,618 Mio. US$
 Estimated Growth rate : 4.5% down vs. 2011
 Export (11%↑)
: 33,460 MT (352 Mio. US$)
 Import (15%↑)
: 23,532 MT (224 Mio. US$)
Korea Adhesive Industry Association
Jae-Won Kim , KAIA, Sept. 26th 2013, Slide 1
ADHESIVE MARKET TRENDS – KOREA (1)
•
The Adhesives market is slow down by 4~5% in traditional adhesives
market, such as building & construction, Packaging, woodworking, etc.
•
On the other hand, high end application such as Automotive,
Electronics and Electrical application showed higher growth. however it
usually not classified as adhesive market segment.
•
•
The majority of the demand in high performance/ high functional
adhesives are not properly captured in the national statistics, because
it is usually not classified as adhesive business.
High Performance/Functional adhesives in Automotive and E/E used to
be dominated by multinational adhesives players. However more and
more local Korean companies or big Korean conglomerate entering into
this market more aggressively .
•
Sealant market is estimated to be about 200 Mio. US$.
Korea Adhesive Industry Association
Jae-Won Kim , KAIA, Sept. 26th 2013, Slide 2
ADHESIVE MARKET TRENDS – KOREA (2)
• Focus more on sustainability with Environmental Friendly drive. i.e.
less & less solvent base. K-GHS regulation and K-REACH regulation are
getting even more restrictive and the related laws already passed in
congress, effective from July 2013, and Jan 1 2015.
• High performance value added products imported from Japan/Europe
for mainly high-end applications. More and more local material is
replacing those imported one.
• Material base shifting from traditional to new advanced material to meet
the sophisticated market application in electronics or automotive
market.
• Regardless, low cost formulation and low cost process still remain as
key competitive factors.
• Korean gov’t supporting openly multinational corporation to develop
new adhesive material for high end application locally in Korea.
Korea Adhesive Industry Association
Jae-Won Kim , KAIA, Sept. 26th 2013, Slide 3
KOREA ADHESIVES PRODUCTION BY PRODUCT’S TYPE
Type
Pressure
Sensitive
9%
Others
6%
Reactive
6%
Hot Melt
5%
Water
Base
36%
Formalde
-hyde
Base
34%
Solvent
Base
4%
2011
(MT)
2012
(MT)
Formaldehyde
Base
225,620
232,825
195,155
Solvent Base
24,966
24,452
26,096
202,539
205,496
210,388
Hot Melt
27,542
28,416
28,437
Reactive
30,564
29,367
35,493
Pressure
Sensitive
54,153
54,021
52,156
Others
32,666
34,188
33,310
598,050
608,765
581,035
Water Base
Total
Korea Adhesive Industry Association
Jae-Won Kim , KAIA, Sept. 26th 2013, Slide 4
2010
(MT)
KOREA ADHESIVES PRODUCTION IN APPLICATION
2010
(MT)
2011
(MT)
2012
(MT)
202,493
208,709
126,527
25,611
23,690
68,232
112,823
120,661
119,143
Packaging
30,117
32,157
32,262
Paper, Book
28,164
30,068
30,718
Textiles
50,326
44,260
51,254
Transport.
42,042
45,907
48,581
23,477
22,562
20,540
20,520
17,371
21,189
DIY
22,966
28,399
23,622
Other Ind.
39,511
36,981
38,967
598,050
608,765
581,035
Type
Elec & Elec
4%
DIY
Shoes.
4%
Leather & Rubbers
3%
Other
Industrial
7%
Transportation
8%
Textiles
9%
Paper,
Book Binding
6%
Packaging
6%
Plywoods
Wood Work.
Civil & Const.
Plywoods
22%
Wood
Working Shoes. Leather
Civil & Constuct 11%
Elec & Elec
20%
Total
Korea Adhesive Industry Association
Jae-Won Kim , KAIA, Sept. 26th 2013, Slide 5
Source : KAIA
KOREA ADHESIVES – EXPORT
Item
(HS Code)
2011
Vol (MT)
Amount
(US$, 1000)
Vol (MT)
Amount
(US$,1000)
$ Inc.
(%)
Rubber
base
137
2,453
150
3,349
36,5
Plastics
base
6,943
118,016
6,914
87,893
△25.5
Others
2,354
22,464
2,305
26,615
18.5
Polymers &
Rubber based
(3506-91-0000)
23,237
173,396
24,091
234,728
35.4
Total
32,671
316,329
33,460
352,585
11.4
3506
-10-
Korea Adhesive Industry Association
Jae-Won Kim , KAIA, Sept. 26th 2013, Slide 6
6
2012
Source : KNSO
KOREA ADHESIVES – IMPORTS
Item
(HS Code)
2011
Vol (MT)
Amount
(US$, 1000)
Vol (MT)
Amount (US$,
1000)
$ Inc
(%)
Rubber
base
55
1,064
81
1,288
21.0
Plastics
base
533
87,912
706
104,551
18.9
Others
731
15,589
896
18,081
16.0
Polymers & Rubber
based
(3506-91-0000)
19,950
90,507
21,849
99,940
10.4
Total
21,269
195,072
23,532
223,860
14.8
3506
-10-
Korea Adhesive Industry Association
Jae-Won Kim , KAIA, Sept. 26th 2013, Slide 7
7
2012
Source : KNSO
PRODUCTION BY ADHESIVES TYPE – KOREA (1)
ITEMS
Urea
Formaldehyde
Solvent
Based
2011(MT)
2012(MT)
(%)
174,061
177,272
139,177
Melamine
24,818
25,006
25,023
Phenol
26,741
30,547
30,955
Subtotal
225,620
232,825
195,155
Vinyl acetate
8,075
7,553
7,818
Other resins
7,954
9,325
10,719
Chloroprene Rubber
6,691
5,701
5,625
Synthesized Rubber
953
485
4651
1,293
1,388
1,483
24,966
24,425
26,096
26,944
27,981
28,917
9,221
9,129
9,528
EVA Emulsion
14,468
16,832
17,269
Acryl Emulsion
137,160
132,765
130,042
Other Emulsion
4,018
6,471
12,250
600
1,006
926
Synthesized Rubber
2,753
3,628
3,857
Others
7,375
7,684
7,599
Subtotal
202,539
205,496
210,388
Natural Rubber
Subtotal
Vinyl acetate
Vinyl acetate copolymer
Water
Based
2010(MT)
Isocyanate
Korea Adhesive Industry Association
Jae-Won Kim , KAIA, Sept. 26th 2013, Slide 8
33.5
4.5
36.2
PRODUCTION BY ADHESIVES TYPE – KOREA (2)
ITEMS
Hot Melt
2012(MT)
(%)
11,914
11,897
10,525
Rubber
10,225
11,580
12,660
Others
5,403
4,939
5,252
27,542
28,416
28,437
12,203
8,312
11,523
281
293
300
15,128
17,112
19,737
Modified Acryl
1,382
2,062
2,168
Others
1,570
1,588
1,765
Subtotal
30,564
29,367
35,493
Acryl
44,782
46,047
46,366
Rubber
8,632
7,228
4,997
Others
739
746
793
Subtotal
54,153
54,021
52,156
8.9
Miscellaneous
32,666
34,188
33,310
5.7
Total
598,050
608,765
581,035
100
Epoxy
Cyanoacrylate
Polyurethane
PSA
2011(MT)
EVA
Subtotal
Reactive
2010(MT)
Korea Adhesive Industry Association
Jae-Won Kim , KAIA, Sept. 26th 2013, Slide 9
4.9
6.1
PRODUCTION BY APPLICATION - KOREA
Application fields
Plywood
2010(MT)
2011(MT)
2012(MT)
Share(%)
202,493
202,493
126,527
21.8
Woodworking
25,611
23,690
68,232
11.7
Construction
112,823
120,661
119,143
20.2
Packaging / Lamination
30,117
32,157
32,262
5.6
Paper Tubing
5,044
7,035
9,017
1.6
Bookbinding
23,120
23,033
21,701
3.7
Textiles
50,326
44,260
51,254
8.8
Vehicles
42,042
45,907
48,581
8.6
Footware / Rubbers
23,477
22,562
20,540
3.5
Electronics
20,520
17,371
21,189
3.6
Household Uses
22,966
26,399
23,622
4.1
Other
39,511
36,981
38,967
6.7
Total
598,050
608,765
581,035
100.0
Korea Adhesive Industry Association
Jae-Won Kim , KAIA, Sept. 26th 2013, Slide 10
LET’S TAKE ACTION TODAY TO SAVE THE EARTH
THANK YOU FOR YOUR ATTENTION
Korea Adhesive Industry Association
Jae-Won Kim , KAIA, Sept. 26th 2013, Slide 11