Market Forecast By Formulation Technology (Water-based, Solvent-based, Hot melt, Reactive & Others), By Application (Paper & Packaging, Building & Construction, Woodworking, Consumer/DIY, Automotive & Transportation, Leather & Footwear, Assembly, Others), By Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl, Others) And Competitive Landscape
Product Code: ETC018590 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Adhesives and sealants Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 15.19% in 2028, following an initial rate of 13.10%, before easing to 14.12% at the end of the period.
In the Asia region, the Adhesives and sealants market in Vietnam is projected to expand at a high growth rate of 14.98% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
The Vietnam Adhesives and Sealants market reflects the integral role these products play in various industries, including construction, automotive, and electronics. The market is witnessing steady growth owing to infrastructure development projects, automotive manufacturing expansion, and the increasing demand for durable and reliable bonding solutions. Manufacturers focus on product innovation, addressing environmental concerns, and building strategic partnerships to stay competitive in this dynamic market.
The combined market for adhesives and sealants in Vietnam is driven by a confluence of factors. The construction industry, witnessing rapid growth, relies heavily on sealants for waterproofing and bonding applications. The automotive sector, with its increasing production and assembly activities, contributes significantly to the demand for adhesives and sealants. Furthermore, the maintenance and repair segment, spanning industries like infrastructure and electronics, sustains a steady market for these products. The versatility of adhesives and sealants in addressing diverse bonding and sealing needs across industries underscores their indispensable role in Vietnam`s industrial landscape.
The combined Adhesives and Sealants market in Vietnam faces challenges related to market differentiation and product innovation. As the market becomes more competitive, manufacturers need to differentiate their products through unique formulations, improved performance characteristics, and innovative applications. Meeting the diverse needs of end-users, ranging from construction to automotive industries, requires continuous research and development efforts. Furthermore, the market is influenced by the economic conditions and construction activities, posing challenges during periods of economic downturns.
The COVID-19 pandemic left a lasting imprint on the Vietnam Adhesives and Sealants market. The disruptions in manufacturing and construction activities, coupled with supply chain challenges, affected the demand for a wide range of adhesive and sealant products. The construction sector, a significant consumer of sealants, faced delays and uncertainties. However, as infrastructure projects resume and the real estate market rebounds, the demand for adhesives and sealants is anticipated to recover. The market may witness a shift towards innovative and sustainable solutions as businesses adapt to changing consumer expectations and regulatory requirements.
The Vietnam adhesives and sealants market feature key players such as Bostik Vietnam Ltd., a subsidiary of Arkema Group, renowned for its innovative adhesive solutions catering to various industries. Other significant contributors include Sika Vietnam Ltd., recognized for its comprehensive range of construction adhesives and sealants, and Henkel Vietnam Co. Ltd., a global player known for its adhesive technologies and consumer products. These companies play a pivotal role in driving the growth and technological advancements within the Vietnamese adhesives and sealants market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Adhesives and sealants Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Adhesives and sealants Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Adhesives and sealants Market - Industry Life Cycle |
3.4 Vietnam Adhesives and sealants Market - Porter's Five Forces |
3.5 Vietnam Adhesives and sealants Market Revenues & Volume Share, By Formulation Technology, 2021 & 2031F |
3.6 Vietnam Adhesives and sealants Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Vietnam Adhesives and sealants Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
4 Vietnam Adhesives and sealants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Adhesives and sealants Market Trends |
6 Vietnam Adhesives and sealants Market, By Types |
6.1 Vietnam Adhesives and sealants Market, By Formulation Technology |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Adhesives and sealants Market Revenues & Volume, By Formulation Technology, 2021-2031F |
6.1.3 Vietnam Adhesives and sealants Market Revenues & Volume, By Water-based, 2021-2031F |
6.1.4 Vietnam Adhesives and sealants Market Revenues & Volume, By Solvent-based, 2021-2031F |
6.1.5 Vietnam Adhesives and sealants Market Revenues & Volume, By Hot melt, 2021-2031F |
6.1.6 Vietnam Adhesives and sealants Market Revenues & Volume, By Reactive & Others, 2021-2031F |
6.2 Vietnam Adhesives and sealants Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Adhesives and sealants Market Revenues & Volume, By Paper & Packaging, 2021-2031F |
6.2.3 Vietnam Adhesives and sealants Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.4 Vietnam Adhesives and sealants Market Revenues & Volume, By Woodworking, 2021-2031F |
6.2.5 Vietnam Adhesives and sealants Market Revenues & Volume, By Consumer/DIY, 2021-2031F |
6.2.6 Vietnam Adhesives and sealants Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.7 Vietnam Adhesives and sealants Market Revenues & Volume, By Leather & Footwear, 2021-2031F |
6.2.8 Vietnam Adhesives and sealants Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Vietnam Adhesives and sealants Market Revenues & Volume, By Others, 2021-2031F |
6.3 Vietnam Adhesives and sealants Market, By Resin Type |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Adhesives and sealants Market Revenues & Volume, By Silicone, 2021-2031F |
6.3.3 Vietnam Adhesives and sealants Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.3.4 Vietnam Adhesives and sealants Market Revenues & Volume, By Plastisol, 2021-2031F |
6.3.5 Vietnam Adhesives and sealants Market Revenues & Volume, By Emulsion, 2021-2031F |
6.3.6 Vietnam Adhesives and sealants Market Revenues & Volume, By Polysulfide, 2021-2031F |
6.3.7 Vietnam Adhesives and sealants Market Revenues & Volume, By Butyl, 2021-2031F |
7 Vietnam Adhesives and sealants Market Import-Export Trade Statistics |
7.1 Vietnam Adhesives and sealants Market Export to Major Countries |
7.2 Vietnam Adhesives and sealants Market Imports from Major Countries |
8 Vietnam Adhesives and sealants Market Key Performance Indicators |
9 Vietnam Adhesives and sealants Market - Opportunity Assessment |
9.1 Vietnam Adhesives and sealants Market Opportunity Assessment, By Formulation Technology, 2021 & 2031F |
9.2 Vietnam Adhesives and sealants Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Vietnam Adhesives and sealants Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
10 Vietnam Adhesives and sealants Market - Competitive Landscape |
10.1 Vietnam Adhesives and sealants Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Adhesives and sealants Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |