Vietnam Construction Adhesives Market, By Resin Type (Acrylic Adhesive, Polyurethane (PU), Epoxy, Polyvinyl Acetate (PVA) and Others), By Technology (Waterborne Technology, Solvent borne Technology, Reactive Technology and Others), By End-Use Sector (Infrastructure, Residential and Non-Residential), By Region, Competition Forecast & Opportunities, 2017-2027
Vietnam construction adhesives market is anticipated to grow at a formidable rate during the forecast period. The market growth can be attributed to the rapid urbanization and growing number of infrastructural projects in the country. Besides, rising use of bio-based, eco-friendly construction adhesives and improved economic conditions are driving construction adhesives manufacturers to invest in this market. Rising demand for construction adhesives from the non-residential and residential sectors and increasing government incentives for providing affordable housing are boosting the construction activities, which in turn, are boosting the adoption of construction adhesives in the country. Emerging end-use activities such as new construction works, repairs, maintenance, renovation of floors, roofs, wall covering, among others are increasing the demand for construction adhesives, which is attributing to its market growth. Rising trend of using eco-friendly or green products in various applications and stringent regulations for low VOC emissions are pushing the market players to develop sustainable and green adhesives with low VOC levels, which is aiding the growth of the Vietnam construction adhesives market. Rising allocation of funds for infrastructural advancements and upliftment of related sectors such as steel and cement are expected to further boost the Vietnam construction adhesives market.
Vietnam construction adhesives market is segmented on the basis of resin type, technology, end use sector, company, and region. Based on resin type, the market is further divided into acrylic adhesive, polyurethane (PU), epoxy, polyvinyl acetate (PVA) and others. The PU segment is expected to register the highest growth in the Vietnam construction adhesives market owing to rising demand for new and innovative products and increasing need for research & development in construction adhesives. Based on end use sector, the market is segmented into infrastructure, residential and non-residential. The residential segment is anticipated to grow due to the growing use of adhesive bonding technology and feedstock materials for the manufacturing of adhesives that exhibit a broad spectrum of performance characteristics.
Zhong Bu Adhesive (Vietnam) Co., BASF, DOW, Henkel Vietnam, 3M Vietnam, Bostik, Sika, H. B. fuller are some of the leading players in the Vietnam construction adhesives market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
- To analyze and forecast the market size of Vietnam Construction Adhesives Market, in terms of value and Volume.
- To classify and forecast Vietnam Construction Adhesives Market based on resin type, technology, end-use sector and regional distribution.
- To identify drivers and challenges for Vietnam Construction Adhesives Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam Construction Adhesives Market.
- To conduct the pricing analysis for Construction Adhesives.
- To identify and analyze the profile of leading players involved in the Vietnam Construction Adhesives Market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across Vietnam.
TechSci Research calculated the market size of Vietnam Construction Adhesives Market using a bottom-up approach, where data for various end user segments were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Construction Adhesives Manufacturers
- Raw material suppliers
- Traders, distributors, and suppliers
- Research organizations and consulting companies
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Vietnam Construction Adhesives market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Vietnam Construction Adhesives Market, By Resin Type:
- Acrylic Adhesive
- Polyvinyl Acetate
- Vietnam Construction Adhesives Market, By Technology:
- Waterborne Technology
- Solvent borne Technology
- Reactive Technology
- Vietnam Construction Adhesives Market, By End-Use Sector:
- Vietnam Construction Adhesives Market, By Region:
- North Vietnam
- South Vietnam
- Central Vietnam
Company Profiles: Detailed analysis of the major companies present in Vietnam Construction Adhesives Market.
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without