Vietnam Construction Chemical Market Overview
According to SPER Market Research, the Vietnam Construction Chemical Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
The manufacturing, distribution, and usage of chemicals used in the construction sector for a variety of tasks, including flooring, waterproofing, and concrete restoration, is referred to as the Vietnam Construction Chemical Market. Chemicals used in adhesives, sealants, coatings, and waterproofing are only a few of the goods available on the market. Vietnam's construction chemical market has been propelled by the demand for long-lasting and environmentally friendly building materials that can survive challenging weather conditions like intense rain and high humidity.
The industry has also been influenced by rising knowledge among architects and building firms of the advantages of utilising construction chemicals, such as increased durability, lower maintenance costs, and greater aesthetics. The growing usage of sustainable and eco-friendly construction chemicals is one of the major trends in the Vietnam construction chemical market. Consumers' increasing environmental consciousness and government programmes to support sustainable development are the driving forces behind this trend. Overall, the strong economic expansion of the nation and rising investment in infrastructure development are likely to fuel the growth of the Vietnam Construction Chemical Market throughout the next years. The industry is also anticipated to see a rise in the need for creative and sustainable construction chemical solutions.
Impact of COVID-19 on the Vietnam Construction Chemical Market
The Vietnam Construction Chemical Market has been significantly impacted by the COVID-19 outbreak. The epidemic has caused supply chain interruptions, decreased demand, and a slowdown in the nation's building industry. The Vietnamese government's travel bans and lockdowns have caused a shortage of raw materials and delays in the delivery of building chemicals. Because of this, the cost of building chemicals has increased, which has decreased demand from builders and contractors. Because to the uncertainty brought on by the pandemic, several construction projects have been placed on hold, which has caused a slowdown in activity.
As a result, there is now less of a market demand for building chemicals. The epidemic has, however, also resulted in some advantageous changes for the market. The need for antibacterial and antiviral coatings, which can aid in halting the spread of COVID-19, has increased as a result of the increased emphasis on sanitation and hygiene. Also, the pandemic has increased attention on environmentally friendly and sustainable building practises, which is anticipated to boost demand for such items in the future. Overall, the COVID-19 pandemic has had a substantial influence on the Vietnam Construction Chemical Industry, resulting in decreased demand and supply chain disruptions. Yet, there are also chances for market expansion, particularly in the fields of antibacterial and environmentally friendly building methods.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product Type, By End-User Industry.
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| Regions covered | Northern Vietnam, Central Vietnam, Southern Vietnam
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| Companies Covered | BASF Vietnam Co. Ltd., Mapei Vietnam Co. Ltd., Sika Limited, The Dow Chemical Vietnam LLC, Vietnam Henkel Adhesive Technologies Co., Ltd.
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Key Target Audience:
- Construction companies and contractors.
- Architects and engineers.
- Property developers.
- Infrastructure developers.
- Government agencies and policymakers.
- Suppliers and distributors.
- Investors.
- Research and development companies.
- Educational institutions and training centers.
- End-users.
Vietnam Construction Chemical Market Segmentation:
1. By Product Type:
- Adhesives and Sealants
- Concrete Admixture and Cement Grinding Aids
- Grouts and Anchors
- Industrial Flooring
- Protective Coatings
- Repair and Rehabilitation
- Surface Treatment
- Water Proofing
2. By End-User Industry:
- Commercial
- Industrial
- Infrastructure and Public Places
- Residential
3. By Region:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
Key Topics Covered in the Report:
- Vietnam Construction Chemical Market Size (FY’2019-FY’2032)
- Overview of Vietnam Construction Chemical Market
- Segmentation of Vietnam Construction Chemical Market By Product Type (Adhesives and Sealants, Concrete Admixture and Cement Grinding Aids, Grouts and Anchors, Industrial Flooring, Protective Coatings, Repair and Rehabilitation, Surface Treatment, Water Proofing)
- Segmentation of Vietnam Construction Chemical Market By End-User Industry (Commercial, Industrial, Infrastructure and Public Places, Residential)
- Statistical Snap of Vietnam Construction Chemical Market
- Growth Analysis of Vietnam Construction Chemical Market
- Problems and Challenges in Vietnam Construction Chemical Market
- Competitive Landscape in the Vietnam Construction Chemical Market
- Impact of COVID-19 and Demonetization on Vietnam Construction Chemical Market
- Details on Recent Investment in Vietnam Construction Chemical Market
- Competitive Analysis of Vietnam Construction Chemical Market
- Key Players in the Vietnam Construction Chemical Market
- SWOT Analysis of Vietnam Construction Chemical Market
- Vietnam Construction Chemical Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Vietnam Construction Chemical Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Vietnam Construction Chemical Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Construction Chemical Market
7. Vietnam Construction Chemical Market, By Product Type, 2019-2032 (USD Million)
7.1 Adhesives and Sealants
7.2 Concrete Admixture and Cement Grinding Aids
7.3 Grouts and Anchors
7.4 Industrial Flooring
7.5 Protective Coatings
7.6 Repair and Rehabilitation
7.7 Surface Treatment
7.8 Water Proofing
8. Vietnam Construction Chemical Market, By End-User Industry, 2019-2032 (USD Million)
8.1 Commercial
8.2 Industrial
8.3 Infrastructure and Public Places
8.4 Residential
9. Vietnam Construction Chemical Market, By Region, 2019-2032 (USD Million)
9.1 Vietnam Construction Chemical Size and Market Share by Region (2019-2025)
9.2 Vietnam Construction Chemical Size and Market Share by Region (2026-2032)
9.3 Northern Vietnam
9.4 Central Vietnam
9.5 Southern Vietnam
10. Company Profiles
10.1 BASF Vietnam Co. Ltd.
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 Mapei Vietnam Co. Ltd.
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Sika Limited
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 The Dow Chemical Vietnam LLC
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 Vietnam Henkel Adhesive Technologies Co., Ltd.
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
