Vietnam Floor Adhesive Market, By Resin Type, By Technology, By End-Use, By Application, By Region, Competition Forecast & Opportunities, 2017-2027

Vietnam floor adhesive market is expected to grow at a significant rate during the forecast period. The market growth can be attributed to the rising government investment in residential and commercial construction activities and fast economic growth. Floor adhesive is a sticky substance intended to secure the surface covering material to the subfloor, which has unique features of wetting the fabric, enhancing strength after application, transmitting weight between bases, etc. Increasing population in Vietnam is creating higher housing demand, contributing to the penetration of flooring materials and supporting the growth of the Vietnam floor adhesive market in the forecast period. Besides, rising awareness of environment-friendly goods is creating demand for water-based adhesives over solvent-based adhesives. Moreover, mounting R&D initiatives for developing bio-based adhesives and shifting trends toward the renovation of the existing building for enhanced aesthetic appearance, owing to high personal disposable income, are expected to propel the growth of the Vietnam floor adhesive market during the forecast period. Growing investments in the manufacturing of flooring and the introduction of various housing projects by private investors and government bodies are also expected to propel the growth of the Vietnam floor adhesive market. Increasing stringent regulations by environmental bodies and federal agencies and rising personal disposable incomes to develop bio-based adhesives are supporting the growth of the Vietnam floor adhesive market. Innovative product development and the creation of broad distribution networks are also factors driving the growth of the Vietnam floor adhesive market. Moreover, increased demand for adhesives for different kinds of flooring styles varied by location, cultural variances, climate variables, and regional regulatory needs are boosting the growth of the Vietnam floor adhesive market. The Vietnamese government has aimed to construct 1 million affordable housing by 2022 and has introduced many social housing programs, which are expected to boost the Vietnam floor adhesive market.

Vietnam floor adhesive market is segmented based on resin type, technology, application, end-use, region and company. Based on resin type, the epoxy adhesive segment is anticipated to register the highest growth in the Vietnam floor adhesive market owing to rising commercial demand.

Major players operating in the Vietnam Floor adhesive market are Bostik SA, Mapei S.P.A., Laticrete International Inc., Forbo Holding AG, Wacker Chemie AG, The DOW Chemical Company, and Henkel AG & Co. KGaA, Sika AG, Pidilite Industries Limited, BASF, etc.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F-2027F

Objective of the Study:

• To analyse and forecast the market size of Vietnam floor adhesive market, in terms of value & volume.
• To classify and forecast Vietnam floor adhesive market based on resin type, technology, application, end-use, and regional distribution.
• To identify drivers and challenges for Vietnam floor adhesive market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam floor adhesive market.
• To conduct the pricing analysis for Vietnam floor adhesive market.
• To identify and analyse the profile of leading players involved in the Vietnam floor adhesive 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 suppliers 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 manufacturer across Vietnam.

TechSci Research calculated the market size of Vietnam Floor adhesive 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:

• Floor Adhesive manufacturers
• Traders, Distributors, and Suppliers
• End-Users
• Raw Material Suppliers
• Industry associations and experts
• 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.

Report Scope:

In this report, Vietnam Floor Adhesive Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Floor Adhesive Market, By Resin Type:

Polyurethane Adhesive

Epoxy Adhesive

Vinyl Adhesive

Acrylic Adhesive

Others

• Vietnam Floor Adhesive Market, By Technology:

Water-Based Adhesive

Hot-Melt Adhesive

Solvent-Based Adhesive

• Vietnam Floor Adhesive Market, By Application:

Wood

Carpet

Laminate

Tile & Stone

Others

• Vietnam Floor Adhesive Market, By End-Use:

Residential

Industrial

Commercial

• Vietnam Floor Adhesive Market, By Region:
• South Vietnam
• North Vietnam
• Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam Floor Adhesive 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

• 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.