Report Overview

A spurring demand for construction adhesives driven by rapid urbanization, an increasing number of infrastructure development projects, the growing adoption of technological advancements, and a shift towards sustainable construction practices are expected to drive Vietnam Construction Adhesives Market during the forecast period between 2025 and 2031.

Vietnam Construction Adhesives Market – Industry Trends & Forecast Report, 2031

Vietnam Construction Adhesives Market size was estimated at USD 171.3 million in 2024. During the forecast period between 2025 and 2031, Vietnam Construction Adhesives Market size is projected to grow at a CAGR of 7.20% reaching a value of USD 278.69 million by 2031. The Construction Adhesives Market in Vietnam is driven by several key factors. The rapid urbanization and infrastructure development in the country are primary drivers, leading to increased demand for construction adhesives. Technological advancements in adhesive formulations enhance performance and efficiency, further boosting market growth. Additionally, the shift towards sustainable construction practices, with a focus on eco-friendly and low-VOC adhesives, is propelling the market. Government initiatives and investments in the construction sector also play a significant role in driving market expansion.

Construction Adhesives – Overview

Construction adhesives are versatile bonding agents used to join various building materials, such as concrete, wood, and metal. They offer strong, durable bonds that enhance the structural integrity and aesthetic appeal of constructions. These adhesives are essential in modern construction due to their ability to bond dissimilar materials, distribute stress evenly, and resist environmental factors like moisture and temperature fluctuations. Advances in adhesive technology have led to eco-friendly formulations, aligning with sustainable building practices and improving overall project outcomes.

Vietnam Construction Adhesives Market

Growth Drivers

Surging Demand from Thriving Construction Industry

Vietnam Construction Adhesives Market is significantly driven by the rapid expansion of the construction industry. Urbanization, population growth, and increased investments in residential, commercial, and infrastructure projects are key factors propelling this growth. The demand for construction adhesives is directly linked to the booming construction sector, as these adhesives are essential for bonding various materials such as concrete, wood, metals, and plastics. This surge in construction activities is expected to fuel the demand for construction adhesives.

Challenges

High Cost of Raw Materials

The growth of Vietnam Construction Adhesives Market faces a significant restraint due to the high cost of raw materials. The prices of key ingredients, such as polymers, resins, and additives, have been rising, driven by global supply chain disruptions and increased demand. This cost pressure affects the profitability of manufacturers and can lead to higher prices for end-users. Additionally, fluctuations in raw material costs create uncertainty, making it challenging for companies to plan and budget effectively.

Impact of Escalating Geopolitical Tensions on Vietnam Construction Adhesives Market

Intensifying geopolitical tensions could significantly impact the growth of Vietnam Construction Adhesives Market. Trade disruptions and supply chain interruptions may lead to shortages of raw materials, driving up costs and affecting production timelines. Increased tariffs and trade barriers can further strain the market, making it challenging for manufacturers to maintain competitive pricing. Additionally, geopolitical instability can deter foreign investments in the construction sector, slowing down infrastructure projects and reducing demand for construction adhesives. Companies may also face regulatory uncertainties and heightened risks, necessitating strategic adjustments to navigate the volatile environment. Overall, geopolitical tensions can create a challenging landscape for Vietnam Construction Adhesives Market, affecting both supply and demand dynamics.

Vietnam Construction Adhesives Market

Segmental Coverage

Vietnam Construction Adhesives Market – By Resin

By resin, Vietnam Construction Adhesives Market is divided into Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, and VAE/EVA segments. The polyurethane (PU) segment is expected to record the highest growth in Vietnam Construction Adhesives Market during the forecast period. This surge is attributed to the increasing demand for innovative products and a heightened focus on research and development within the construction adhesives sector.

Vietnam Construction Adhesives Market – By Technology

Based on technology, Vietnam Construction Adhesives Market is divided into Hot Melt, Reactive, Sealants, Solvent-borne, and Water-borne segments. The waterborne technology segment holds the largest share of Vietnam Construction Adhesives Market. Waterborne adhesives are favored for their eco-friendly properties, including low volatile organic compound (VOC) emissions, aligning with the industry's shift towards sustainable practices. Advancements in waterborne adhesive technology have enhanced their performance, making them competitive with traditional solvent-based adhesives. This, combined with stringent environmental regulations, has increased their adoption in the construction sector.

Vietnam Construction Adhesives Market – By Application

On the basis of application, Vietnam Construction Adhesives Market is divided into Flooring, Roofing, Insulation, Windows &d Doors, Tiles, and Concrete segments. The flooring segment is the largest application in Vietnam Construction Adhesives Market. This segment dominates due to the high demand for adhesives in flooring applications, driven by the rapid growth of residential and commercial construction projects. Flooring adhesives are essential for installing various types of flooring materials, including tiles, wood, and vinyl, ensuring durability and stability. The increasing focus on aesthetic appeal and the need for high-performance adhesives in flooring applications further contribute to the dominance of this segment in the market.

Competitive Landscape

Major companies operating in Vietnam Construction Adhesives Market include Zhong Bu Adhesive, BASF, DOW, Henkel Vietnam, 3M Vietnam, Bostik, Sika, H. B. Fuller, Avery Dennison, Arkema, and Huntsman Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Resin

• • Acrylic

  • Cyanoacrylate

  • Epoxy

  • Polyurethane

  • Silicone

  • VAE/EVA

By Technology

• • Hot Melt

  • Reactive

  • Sealants

  • Solvent-borne

  • Water-borne

By Application

• • Flooring

  • Roofing

  • Insulation

  • Windows and Doors

  • Tiles

  • Concrete