Vietnam Construction Chemicals Market Report and Forecast 2025-2034
Description
The Vietnam construction chemicals market reached approximately USD 460.30 Million in 2024. The market is projected to grow at a CAGR of 5.60% between 2025 and 2034, reaching a value of around USD 793.74 Million by 2034.
Vietnam Construction Chemicals Market Growth
The growth of the market in Vietnam can be attributed to the increasing interest and investment from foreign investors in the country's real estate sector. With Vietnam's stable economic growth, favourable business environment, and strategic location in the Asia Pacific region, it has become an attractive destination for property investment. The 2024 Asia-Pacific Investor Intentions Survey by CBRE places Vietnam's real estate market as the second most preferred among emerging destinations in the region, contributing to the expansion of the market in Vietnam.
Sustainable construction practices are becoming increasingly recognised and adopted in Vietnam. The utilisation of environmentally friendly construction chemicals, which minimise environmental impact and enhance energy efficiency, is becoming more popular. This transition to green building materials is backed by favourable governmental policies and the rising construction of green buildings. The Vietnamese green building sector offers an investment opportunity of USD 88 billion, reported the International Finance Corporation (IFC) in 2022.
The market growth is also being driven by the increasing demand for high-quality construction materials in Vietnam's booming construction sector. In 2024, the Vietnamese government allocated 5.7% of its GDP in infrastructural development activities and is also investing heavily in the real estate sector, surging the demand for construction chemicals that can meet the requirements of modern construction projects.
Vietnam Construction Chemicals Industry Segmentation
“Vietnam Construction Chemicals Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Concrete Admixtures
Waterproofing and Roofing Solutions
Repair and Rehabilitation Chemicals
Sealants and Adhesives
Cement Grinding Aids
Industrial Flooring
Others
Market Breakup by End Use:
Residential
Commercial
Industrial and Institutional
Market Breakup by Region:
Southeast
Red River Delta
Mekong River Delta
South Central Coast
Others
Vietnam Construction Chemicals Market Share
Based on the end use, the market is segmented into residential, commercial, and industrial and institutional. The residential sector is estimated to witness the fastest growth, growing at a CAGR of 6.1% between 2025 and 2034. Construction chemicals used for building residential structures enhance the durability of buildings and improve their aesthetic appearance, besides enhancing the living quality and comfort level of the building.
Meanwhile, the commercial sector is projected to grow at a CAGR of 5.7% over 2025-2034. Construction chemicals play a crucial role in different stages of construction, such as concrete admixtures, flooring compounds, waterproofing compounds, protective coatings, and repair and rehabilitation.
Leading Companies in the Vietnam Construction Chemicals Market
Market players are investing heavily in sustainable manufacturing practices and product innovation to gain a competitive edge.
Sika AG
Arkema S.A.
Compagnie de Saint Gobain SA
3M Company
Bestmix Corporation
Henkel AG & Co KGaA
KKS GROUP, JSC.
MAPEI S.p.A.
Fosroc, Inc.
MC-Bauchemie Müller GmbH & Co. KG
Others
Vietnam Construction Chemicals Market Growth
The growth of the market in Vietnam can be attributed to the increasing interest and investment from foreign investors in the country's real estate sector. With Vietnam's stable economic growth, favourable business environment, and strategic location in the Asia Pacific region, it has become an attractive destination for property investment. The 2024 Asia-Pacific Investor Intentions Survey by CBRE places Vietnam's real estate market as the second most preferred among emerging destinations in the region, contributing to the expansion of the market in Vietnam.
Sustainable construction practices are becoming increasingly recognised and adopted in Vietnam. The utilisation of environmentally friendly construction chemicals, which minimise environmental impact and enhance energy efficiency, is becoming more popular. This transition to green building materials is backed by favourable governmental policies and the rising construction of green buildings. The Vietnamese green building sector offers an investment opportunity of USD 88 billion, reported the International Finance Corporation (IFC) in 2022.
The market growth is also being driven by the increasing demand for high-quality construction materials in Vietnam's booming construction sector. In 2024, the Vietnamese government allocated 5.7% of its GDP in infrastructural development activities and is also investing heavily in the real estate sector, surging the demand for construction chemicals that can meet the requirements of modern construction projects.
Vietnam Construction Chemicals Industry Segmentation
“Vietnam Construction Chemicals Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Concrete Admixtures
Waterproofing and Roofing Solutions
Repair and Rehabilitation Chemicals
Sealants and Adhesives
Cement Grinding Aids
Industrial Flooring
Others
Market Breakup by End Use:
Residential
Commercial
Industrial and Institutional
Market Breakup by Region:
Southeast
Red River Delta
Mekong River Delta
South Central Coast
Others
Vietnam Construction Chemicals Market Share
Based on the end use, the market is segmented into residential, commercial, and industrial and institutional. The residential sector is estimated to witness the fastest growth, growing at a CAGR of 6.1% between 2025 and 2034. Construction chemicals used for building residential structures enhance the durability of buildings and improve their aesthetic appearance, besides enhancing the living quality and comfort level of the building.
Meanwhile, the commercial sector is projected to grow at a CAGR of 5.7% over 2025-2034. Construction chemicals play a crucial role in different stages of construction, such as concrete admixtures, flooring compounds, waterproofing compounds, protective coatings, and repair and rehabilitation.
Leading Companies in the Vietnam Construction Chemicals Market
Market players are investing heavily in sustainable manufacturing practices and product innovation to gain a competitive edge.
Sika AG
Arkema S.A.
Compagnie de Saint Gobain SA
3M Company
Bestmix Corporation
Henkel AG & Co KGaA
KKS GROUP, JSC.
MAPEI S.p.A.
Fosroc, Inc.
MC-Bauchemie Müller GmbH & Co. KG
Others
Table of Contents
125 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Construction Chemicals Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Construction Chemicals Historical Market (2018-2024)
- 5.3 Asia Pacific Construction Chemicals Market Forecast (2025-2034)
- 6 Vietnam Construction Chemicals Market Overview
- 6.1 Key Industry Highlights
- 6.2 Vietnam Construction Chemicals Historical Market (2018-2024)
- 6.3 Vietnam Construction Chemicals Market Forecast (2025-2034)
- 7 Vietnam Construction Chemicals Market by Type
- 7.1 Concrete Admixtures
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Waterproofing and Roofing Solutions
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Repair and Rehabilitation Chemicals
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Sealants and Adhesives
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Cement Grinding Aids
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Industrial Flooring
- 7.6.1 Historical Trend (2018-2024)
- 7.6.2 Forecast Trend (2025-2034)
- 7.7 Others
- 8 Vietnam Construction Chemicals Market by End Use
- 8.1 Residential
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Commercial
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Industrial and Institutional
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 9 Vietnam Construction Chemicals Market by Region
- 9.1 Southeast
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Red River Delta
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mekong River Delta
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 South Central Coast
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profiles
- 11.5.1 Sika AG
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 Arkema S.A.
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 Compagnie de Saint Gobain SA
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 3M Company
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 Bestmix Corporation
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 Henkel AG & Co KGaA
- 11.5.6.1 Company Overview
- 11.5.6.2 Product Portfolio
- 11.5.6.3 Demographic Reach and Achievements
- 11.5.6.4 Certifications
- 11.5.7 KKS GROUP, JSC.
- 11.5.7.1 Company Overview
- 11.5.7.2 Product Portfolio
- 11.5.7.3 Demographic Reach and Achievements
- 11.5.7.4 Certifications
- 11.5.8 MAPEI S.p.A.
- 11.5.8.1 Company Overview
- 11.5.8.2 Product Portfolio
- 11.5.8.3 Demographic Reach and Achievements
- 11.5.8.4 Certifications
- 11.5.9 Fosroc, Inc.
- 11.5.9.1 Company Overview
- 11.5.9.2 Product Portfolio
- 11.5.9.3 Demographic Reach and Achievements
- 11.5.9.4 Certifications
- 11.5.10 MC-Bauchemie Müller GmbH & Co. KG
- 11.5.10.1 Company Overview
- 11.5.10.2 Product Portfolio
- 11.5.10.3 Demographic Reach and Achievements
- 11.5.10.4 Certifications
- 11.5.11 Others
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