Market Forecast By Types (Acrylic, Epoxy, Polyvinyl Acetate (PVA), Polyurethane (PU), Styrenic Block, Ethyl Vinyl Acetate (EVA), Silicone & Others), By Technology (Water-based, Solvent-based, Hot Melt, Pressure Sensitive, Reactive and Others) And Competitive Landscape
Product Code: ETC019850 | 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 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.
By 2027, Vietnam's Adhesives market is forecasted to achieve a high growth rate of 14.98%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The broader Vietnam Adhesives Market encompasses a spectrum of adhesive products catering to diverse industries. The market is characterized by the increasing adoption of adhesives in construction, automotive assembly, and consumer goods manufacturing. Key factors driving market growth include the emphasis on lightweight and eco-friendly materials, the need for efficient bonding solutions, and advancements in adhesive technologies. Market players are actively engaged in research and development to address evolving industry requirements and sustainability concerns.
The broader adhesives market in Vietnam is experiencing sustained growth owing to various factors. The manufacturing sector`s expansion, coupled with the demand for lightweight and durable materials, is a significant driver. Adhesives, serving as effective bonding agents, find extensive applications in industries ranging from construction to electronics. The shift towards environmentally friendly and low-VOC (volatile organic compounds) adhesives aligns with the growing emphasis on sustainability, contributing to market growth. Additionally, ongoing research and development efforts to introduce innovative adhesive formulations further enhance the market`s dynamics.
The Adhesives market in Vietnam faces challenges associated with environmental sustainability and regulatory compliance. With increasing awareness of environmental issues, there is a growing demand for adhesives that are free from harmful chemicals and exhibit low volatile organic compound (VOC) emissions. Adapting to these changing consumer preferences while maintaining product performance standards poses a challenge for manufacturers. Additionally, adherence to evolving regulatory frameworks for chemical products adds complexity to the market landscape.
The Vietnam Adhesives market witnessed notable fluctuations due to the impact of the COVID-19 pandemic. Disruptions in the supply chain, coupled with uncertainties in the manufacturing sector, influenced the demand for various types of adhesives. Industries such as construction, automotive, and packaging experienced shifts in production patterns and consumer preferences. The emphasis on hygiene and safety also impacted the selection of adhesives in healthcare and consumer goods. As Vietnam`s economy regains momentum, the adhesives market is expected to adapt to evolving industry trends, including increased demand for eco-friendly and high-performance adhesive solutions.
Key players in the Vietnam Adhesives market include H.B. Fuller Company, Sika AG, and Henkel AG & Co. KGaA. These companies are pivotal in driving the adhesive industry forward, offering a wide range of adhesive products and solutions to meet the demands of diverse sectors in the Vietnamese 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 Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Adhesives Market - Industry Life Cycle |
3.4 Vietnam Adhesives Market - Porter's Five Forces |
3.5 Vietnam Adhesives Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Vietnam Adhesives Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Vietnam Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Adhesives Market Trends |
6 Vietnam Adhesives Market, By Types |
6.1 Vietnam Adhesives Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Adhesives Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Vietnam Adhesives Market Revenues & Volume, By Acrylic , 2021-2031F |
6.1.4 Vietnam Adhesives Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.5 Vietnam Adhesives Market Revenues & Volume, By Polyvinyl Acetate (PVA), 2021-2031F |
6.1.6 Vietnam Adhesives Market Revenues & Volume, By Polyurethane (PU), 2021-2031F |
6.1.7 Vietnam Adhesives Market Revenues & Volume, By Styrenic Block, 2021-2031F |
6.1.8 Vietnam Adhesives Market Revenues & Volume, By Ethyl Vinyl Acetate (EVA), 2021-2031F |
6.2 Vietnam Adhesives Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Adhesives Market Revenues & Volume, By Water-based, 2021-2031F |
6.2.3 Vietnam Adhesives Market Revenues & Volume, By Solvent-based, 2021-2031F |
6.2.4 Vietnam Adhesives Market Revenues & Volume, By Hot Melt, 2021-2031F |
6.2.5 Vietnam Adhesives Market Revenues & Volume, By Pressure Sensitive, 2021-2031F |
6.2.6 Vietnam Adhesives Market Revenues & Volume, By Reactive and Others, 2021-2031F |
7 Vietnam Adhesives Market Import-Export Trade Statistics |
7.1 Vietnam Adhesives Market Export to Major Countries |
7.2 Vietnam Adhesives Market Imports from Major Countries |
8 Vietnam Adhesives Market Key Performance Indicators |
9 Vietnam Adhesives Market - Opportunity Assessment |
9.1 Vietnam Adhesives Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Vietnam Adhesives Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Vietnam Adhesives Market - Competitive Landscape |
10.1 Vietnam Adhesives Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Adhesives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |