
Vietnam Construction Adhesives Market, By Resin (Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA); By Technology (Hot Melt, Reactive, Sealants, Solvent-borne, Water-borne); By Application (Flooring, Roofing, Insulation, Windows and Doors, T
Description
Vietnam Construction Adhesives Market Booming to Touch USD 279 Million by 2031
Vietnam Construction Adhesives Market is flourishing primarily due to a rising demand from an increasing number of construction projects driven by rapid urbanization, and a shift toward eco-friendly, bio-based adhesives.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Construction Adhesives Market size by value at USD 171.3 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Vietnam Construction Adhesives Market size to expand at a significant CAGR of 7.20% reaching a value of USD 278.69 million by 2031. The Construction Adhesives Market in Vietnam is experiencing robust growth, primarily driven by rapid urbanization and a surge in construction activities across the country. The Vietnam government’s initiatives focusing on infrastructure development and affordable housing have significantly increased the demand for construction adhesives. Additionally, there's a growing preference for bio-based, eco-friendly adhesives, which align with global sustainability trends and stringent environmental regulations. Technological advancements, particularly in waterborne adhesive formulations, offer enhanced performance with reduced environmental impact, further propelling market expansion. The flourishing automotive and electronics industries in Vietnam also contribute to this growth, as adhesives play a crucial role in manufacturing processes within these sectors.
Opportunity – Significant Investments in Construction Sector
Vietnam’s construction sector is witnessing significant investments, driven by rapid urbanization, infrastructure development, and rising residential and commercial projects. The government's focus on expanding transportation networks, smart cities, and industrial parks has fueled demand for high-performance construction adhesives. Major foreign direct investments (FDI) in real estate and commercial spaces have further accelerated market growth. Additionally, Vietnam’s increasing adoption of green building practices and sustainable construction materials is driving demand for advanced adhesives with strong bonding properties and environmental compliance. The surge in large-scale projects, including high-rise buildings, bridges, and industrial facilities, is expected to sustain the growth of the construction adhesives market, making it a key beneficiary of Vietnam’s expanding infrastructure landscape.
Waterborne Technology Leads Vietnam Construction Adhesives Market
The waterborne technology segment holds the largest share of Vietnam Construction Adhesives Market, due to waterborne adhesives' eco-friendly nature, featuring low volatile organic compound (VOC) emissions, and their excellent adhesion properties across various substrates. Additionally, advancements in waterborne adhesive technology have enhanced their performance, making them comparable to traditional solvent-based adhesives. The increasing emphasis on sustainability and stricter environmental regulations have further propelled the adoption of waterborne adhesives in the Vietnamese construction industry.
Impact of Escalating Geopolitical Tensions on Vietnam Construction Adhesives Market
Escalating geopolitical tensions could impact the growth of Vietnam Construction Adhesives Market by disrupting supply chains, increasing raw material costs, and affecting trade relations. As Vietnam relies on imported chemicals like resins and polymers, conflicts involving major suppliers (China, South Korea, or the EU) can lead to price volatility and shortages. Additionally, global instability raises oil prices, affecting production costs. Foreign direct investment (FDI) in Vietnam’s construction sector may slow due to investor uncertainty, reducing demand for adhesives. However, geopolitical shifts could also encourage local production and supplier diversification, fostering domestic industry growth. Government policies promoting self-sufficiency and infrastructure development may mitigate risks, but prolonged tensions could challenge market stability and expansion.
Competitive Landscape
Vietnam Construction Adhesives Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Zhong Bu Adhesive, BASF, DOW, Henkel Vietnam, 3M Vietnam, Bostik, Sika, H. B. Fuller, Avery Dennison, Arkema, and Huntsman Corporation. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Vietnam Construction Adhesives Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Vietnam Construction Adhesives Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Construction Adhesives Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Vietnam Construction Adhesives Market is flourishing primarily due to a rising demand from an increasing number of construction projects driven by rapid urbanization, and a shift toward eco-friendly, bio-based adhesives.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Construction Adhesives Market size by value at USD 171.3 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Vietnam Construction Adhesives Market size to expand at a significant CAGR of 7.20% reaching a value of USD 278.69 million by 2031. The Construction Adhesives Market in Vietnam is experiencing robust growth, primarily driven by rapid urbanization and a surge in construction activities across the country. The Vietnam government’s initiatives focusing on infrastructure development and affordable housing have significantly increased the demand for construction adhesives. Additionally, there's a growing preference for bio-based, eco-friendly adhesives, which align with global sustainability trends and stringent environmental regulations. Technological advancements, particularly in waterborne adhesive formulations, offer enhanced performance with reduced environmental impact, further propelling market expansion. The flourishing automotive and electronics industries in Vietnam also contribute to this growth, as adhesives play a crucial role in manufacturing processes within these sectors.
Opportunity – Significant Investments in Construction Sector
Vietnam’s construction sector is witnessing significant investments, driven by rapid urbanization, infrastructure development, and rising residential and commercial projects. The government's focus on expanding transportation networks, smart cities, and industrial parks has fueled demand for high-performance construction adhesives. Major foreign direct investments (FDI) in real estate and commercial spaces have further accelerated market growth. Additionally, Vietnam’s increasing adoption of green building practices and sustainable construction materials is driving demand for advanced adhesives with strong bonding properties and environmental compliance. The surge in large-scale projects, including high-rise buildings, bridges, and industrial facilities, is expected to sustain the growth of the construction adhesives market, making it a key beneficiary of Vietnam’s expanding infrastructure landscape.
Waterborne Technology Leads Vietnam Construction Adhesives Market
The waterborne technology segment holds the largest share of Vietnam Construction Adhesives Market, due to waterborne adhesives' eco-friendly nature, featuring low volatile organic compound (VOC) emissions, and their excellent adhesion properties across various substrates. Additionally, advancements in waterborne adhesive technology have enhanced their performance, making them comparable to traditional solvent-based adhesives. The increasing emphasis on sustainability and stricter environmental regulations have further propelled the adoption of waterborne adhesives in the Vietnamese construction industry.
Impact of Escalating Geopolitical Tensions on Vietnam Construction Adhesives Market
Escalating geopolitical tensions could impact the growth of Vietnam Construction Adhesives Market by disrupting supply chains, increasing raw material costs, and affecting trade relations. As Vietnam relies on imported chemicals like resins and polymers, conflicts involving major suppliers (China, South Korea, or the EU) can lead to price volatility and shortages. Additionally, global instability raises oil prices, affecting production costs. Foreign direct investment (FDI) in Vietnam’s construction sector may slow due to investor uncertainty, reducing demand for adhesives. However, geopolitical shifts could also encourage local production and supplier diversification, fostering domestic industry growth. Government policies promoting self-sufficiency and infrastructure development may mitigate risks, but prolonged tensions could challenge market stability and expansion.
Competitive Landscape
Vietnam Construction Adhesives Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Zhong Bu Adhesive, BASF, DOW, Henkel Vietnam, 3M Vietnam, Bostik, Sika, H. B. Fuller, Avery Dennison, Arkema, and Huntsman Corporation. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Vietnam Construction Adhesives Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Vietnam Construction Adhesives Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Construction Adhesives Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
114 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Vietnam Construction Adhesives Market Insights
- 3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
- 3.1.2.1. Growing Construction Industry
- 3.1.2.2. Technological Advancements in Adhesive Formulations
- 3.1.2.3. Shift Towards Sustainable Construction Practices
- 3.1.3. Restraints
- 3.1.3.1. High Cost of Raw Materials
- 3.1.3.2. Stringent Environmental Regulations
- 3.1.3.3. Limited Awareness and Adoption of Advanced Adhesives
- 3.1.4. Opportunities
- 3.1.4.1. Significant Investments in the Construction Sector
- 3.1.4.2. Expansion of the Vietnamese Automotive Industry
- 3.1.5. Challenges
- 3.1.5.1. Environmental Sustainability and Regulatory Compliance
- 3.1.5.2. Competition from Established Market Players
- 3.2. Technological Advancements/Recent Developments
- 3.3. Regulatory Framework
- 3.4. Porter’s Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry
- 4. Vietnam Construction Adhesives: Marketing Strategies
- 5. Vietnam Construction Adhesives Overview
- 5.1. Market Size & Forecast, 2019–2031
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Resin
- 5.2.1.1. Acrylic
- 5.2.1.2. Cyanoacrylate
- 5.2.1.3. Epoxy
- 5.2.1.4. Polyurethane
- 5.2.1.5. Silicone
- 5.2.1.6. VAE/EVA
- 5.2.2. By Technology
- 5.2.2.1. Hot Melt
- 5.2.2.2. Reactive
- 5.2.2.3. Sealants
- 5.2.2.4. Solvent-borne
- 5.2.2.5. Water-borne
- 5.2.3. By Application
- 5.2.3.1. Flooring
- 5.2.3.2. Roofing
- 5.2.3.3. Insulation
- 5.2.3.4. Windows & Doors
- 5.2.3.5. Tiles
- 5.2.3.6. Concrete
- 6. Competitive Landscape
- 6.1. List of Key Players and Their Offerings
- 6.2. Vietnam Construction Adhesives Market Share Analysis, 2024
- 6.2.1. Competitive Benchmarking, By Operating Parameters
- 6.3. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- 7. Impact of Escalating Geopolitical Tensions on Vietnam Construction Adhesives Market
- 8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 8.1. Zhong Bu Adhesive
- 8.2. BASF
- 8.3. DOW
- 8.4. Henkel Vietnam
- 8.5. 3M Vietnam
- 8.6. Bostik
- 8.7. Sika
- 8.8. H. B. Fuller
- 8.9. Avery Dennison
- 8.10. Arkema
- 8.11. Huntsman Corporation
- 9. Key Strategic Recommendations
- 10. Research Methodology
- 10.1. Qualitative Research
- 10.1.1. Primary & Secondary Research
- 10.2. Quantitative Research
- 10.3. Market Breakdown & Data Triangulation
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
- 10.4. Breakdown of Primary Research Respondents, By Region
- 10.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Vietnam Construction Adhesives Segmentation
- Figure 2 Vietnam Construction Adhesives Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 Vietnam Construction Adhesives Market Size, By Value (USD Million), 2019–2031
- Figure 5 Vietnam Construction Adhesives Market Share, By Resin, By Value, 2019–2031
- Figure 6 Vietnam Construction Adhesives Market Share, By Technology, By Value, 2019–2031
- Figure 7 Vietnam Construction Adhesives Market Share, By Resin, By Value, 2019–2031
- Figure 8 Vietnam Construction Adhesives Market Share, By Technology, By Value, 2019–2031
- Figure 9 Vietnam Construction Adhesives Market Share, By Resin, By Value, 2019–2031
- List of Tables
- Table 1 Vietnam Construction Adhesives Market Size, By Value (USD Million), 2019–2031
- Table 2 Vietnam Construction Adhesives Market Share, By Resin, By Value, 2019–2031
- Table 3 Vietnam Construction Adhesives Market Share, By Technology, By Value, 2019–2031
- Table 4 Vietnam Construction Adhesives Market Share, By Application, By Value, 2019–2031
- Table 5 Vietnam Construction Adhesives Market Share, By Resin, By Value, 2019–2031
- Table 6 Vietnam Construction Adhesives Market Share, By Technology, By Value, 2019–2031
- Table 7 Zhong Bu Adhesive Company Overview
- Table 8 Zhong Bu Adhesive Financial Overview
- Table 9 BASF Company Overview
- Table 10 BASF Financial Overview
- Table 11 DOW Company Overview
- Table 12 DOW Financial Overview
- Table 13 Henkel Vietnam Company Overview
- Table 14 Henkel Vietnam Financial Overview
- Table 15 3M Vietnam Company Overview
- Table 16 3M Vietnam Financial Overview
- Table 17 Bostik Company Overview
- Table 18 Bostik Financial Overview
- Table 19 Sika Company Overview
- Table 20 Sika Financial Overview
- Table 21 H. B. Fuller Company Overview
- Table 22 H. B. Fuller Financial Overview
- Table 23 Avery Dennison Company Overview
- Table 24 Avery Dennison Financial Overview
- Table 25 Arkema Company Overview
- Table 26 Arkema Financial Overview
- Table 27 Huntsman Corporation Company Overview
- Table 28 Huntsman Corporation Financial Overview
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