PUBLISHER: TechSci Research | PRODUCT CODE: 1074099
PUBLISHER: TechSci Research | PRODUCT CODE: 1074099
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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:
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:
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.
Report Scope:
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:
Acrylic Adhesive
Polyurethane
Polyvinyl Acetate
Epoxy
Others
Waterborne Technology
Solvent borne Technology
Reactive Technology
Others
Infrastructure
Residential
Non-Residential
North Vietnam
South Vietnam
Central Vietnam
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam Construction Adhesives Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company's specific needs. The following customization options are available for the report:
Company Information
Profit Margin Analysis