Storage Tank Construction in South Korea to 2015: Market Snapshot by WMIntelligence

VIEWS: 2 PAGES: 11

This report is the result of WMI’s extensive market research covering the Storage Tank Construction in South Korea. It provides detailed historic and forecast sales value, segmented at market level. Storage Tank Construction in South Korea to 2015: Market Snapshot provides a top-level overview and detailed insight into the operating environment of the Construction industry in South Korea. It is an essential tool for companies active across South Korea Construction value chain and for new players considering entering the market.

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									Storage Tank Construction in South
Korea to 2015: Market Snapshot


Reference code: CN0634MS
Published: April 2011




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© World Market Intelligence. This report is a licensed product and is not to be photocopied
TABLE OF CONTENTS




TABLE OF CONTENTS

1      SECTOR OVERVIEW ............................................................................................................. 5
2      MARKET DATA ...................................................................................................................... 6
    2.1 Market Value 2006-10 ...................................................................................................................... 6
    2.2 Market Segmentation, By Category Type, 2010 ............................................................................... 7
    2.3 Market Value Forecast 2010-15 ....................................................................................................... 8
    2.4 Future Market Segmentation, By Category Type, 2015 .................................................................... 9
3      APPENDIX ............................................................................................................................ 10
    3.1 Research Methodology ...................................................................................................................10
    3.2 Definitions .......................................................................................................................................10
        3.2.1     Additional Notes ........................................................................................................................................ 11
    3.3 About World Market Intelligence......................................................................................................11




Storage Tank Construction in South Korea to 2015: Market Snapshot                                                                                       Published Apr 2011
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                                                            Page 2
TABLE OF CONTENTS




LIST OF TABLES
Table 1: Storage Tank Construction in South Korea, Market Value (US$ m), 2006-10 ..................................................................6
Table 2: Storage Tank Construction in South Korea, Market Segmentation, By Category Type, 2010 ..........................................7
Table 3: Storage Tank Construction in South Korea, Market Value Forecast (US$ m), 2010-15....................................................8
Table 4: Storage Tank Construction in South Korea, Market Segmentation Forecast, By Category Type, 2015 ...........................9




Storage Tank Construction in South Korea to 2015: Market Snapshot                                                                  Published Apr 2011
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                                     Page 3
TABLE OF CONTENTS




LIST OF FIGURES
Figure 1: Storage Tank Construction in South Korea, Market Value (US$ m), 2006-10 .................................................................6
Figure 2: Storage Tank Construction in South Korea, Market Segmentation, By Category Type, 2010 .........................................7
Figure 3: Storage Tank Construction in South Korea, Market Value Forecast (US$ m), 2010-15 ..................................................8
Figure 4: Storage Tank Construction in South Korea, Market Segmentation Forecast, By Category Type, 2015 ..........................9




Storage Tank Construction in South Korea to 2015: Market Snapshot                                                                  Published Apr 2011
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                                     Page 4
SECTOR OVERVIEW




1 SECTOR OVERVIEW

Following expansion at a compound annual growth rate (CAGR) of 36.13% between 2006-10, the storage tanks in
South Korea reached a value of US$3,323.2 million in 2010, which represented an increase of 5.8% on 2009. The
market achieved its strongest performance in 2007 with a growth of 78.5% over its previous year and its weakest
performance was witnessed in 2010, when it increased to 5.8% over 2009.

The storage tanks was the fastest growing construction sector in the industrial construction market between 2006-
10 and achieved a CAGR of 36.13%. The weakest performer was chemical & pharmaceutical plants, which
achieved only a CAGR of 0.90%.

By 2010, the storage tanks accounted for 12.3% of the industrial construction market. In comparison,
manufacturing plants represented 44.5% share, while refinery buildings generated a further 18.1% of the market's
2010 share.

Looking ahead, the storage tanks is expected to expand at a CAGR of 3.11% between 2010-15, reaching a value
of US$3,873.2 million in 2015. This represents a total growth of 300.2% from 2006 and 16.6% from 2010.

In comparison, the fastest growing construction sector of the industrial construction market between 2010-15 is
expected to be manufacturing plants, which is predicted to achieve a CAGR of 6.60%. The weakest performer is
expected to be waste processing plants, which is forecast to achieve a CAGR of 3.00%.

By 2015, the storage tanks is forecast to account for 11.0% of the industrial construction market. In comparison,
manufacturing plants is predicted to account for 47.1%, while refinery buildings is expected to generate a further
17.8% of the market's 2015 share.




Storage Tank Construction in South Korea to 2015: Market Snapshot                                       Published Apr 2011
© World Market Intelligence. This report is a licensed product and is not to be photocopied                          Page 5
MARKET DATA




2 MARKET DATA
2.1 Market Value 2006-10

      Storage tanks sector in South Korea was valued at US$3,323.2 million in 2010, an increase of 5.8% on 2009.
      The sector achieved a CAGR of 36.13% over the period 2006-10.


       Table 1: Storage Tank Construction in South Korea, Market Value (US$ m), 2006-10

       Year                                                                                         US$ Million                                   % Growth
       2006                                                                                               967.7
       2007                                                                                              1,727.8                                        78.5%
       2008                                                                                              2,262.2                                        30.9%
       2009                                                                                              3,140.0                                        38.8%
       2010                                              
								
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