Vietnam Floor Adhesive Market Outlook and Forecast till 2027

Vietnam Floor Adhesive Market is projected to grow at a CAGR of over 8% during 2023-2027 owing to economic recovery coupled with government investment in residential and commercial construction. The growth of the floor adhesive market is also driven by developments in flooring materials used in the residential, commercial, and industrial sectors. Moreover, government investment in public infrastructure and educational healthcare buildings as part of the 2018–2022 Development Plan will support to the growth of the floor adhesives market in Vietnam.

Based on application, the floor adhesive market has been categorized into tile & stone, carpet, wood, vinyl, and sports & rubber, and others. In 2018, the tile & stone application segment dominated the market and is projected to dominate the market during the forecast period as well owing to the increasing infrastructural development in the country. The government of Vietnam aims to raise Vietnam’s housing area per capita and is planning to construct 1 million affordable houses by 2022, moreover, the government has also launched various social housing programs such as housing for poor rural families program and low-income urban social housing-local government, which will further boost the demand for floor adhesive in the country.

Some of the leading players in the Vietnam Floor Adhesive Market

1. Bostik SA
2. Mapei S.P.A.
3. Laticrete International Inc.
4. Forbo Holding AG
5. Wacker Chemie AG,
6. The DOW Chemical Company
7. Henkel AG & Co. KGaA
8. Sika AG
9. Pidilite Industries Limited
10. BASF, etc.

The objective of the Study:

• To analyze and forecast the market size of the Floor Adhesive Market, in terms of value & volume.
• To classify and forecast Vietnam Floor Adhesive Market based on resin type, technology, application, end-use industry, 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 Floor Adhesive Market.
• To identify and analyze the profile of leading players involved in the manufacturing of Vietnam Floor Adhesive Market.

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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 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 analyzed the service offerings, distribution channels, and presence of all major collaboration manufacturers across Vietnam.

TechSci Research calculated the market size of the Vietnam Floor Adhesive Market using a bottom-up approach, where data for various end-user industries and their application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, 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 collaboration 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:

• Market, By Resin Type:
  • Polyurethane Adhesive
  • Epoxy Adhesive
  • Vinyl Adhesive
  • Acrylic Adhesive
  • Others
• Market, By Technology:
  • Water-Based Adhesive
  • Hot-Melt Adhesive
  • Solvent-Based Adhesive
• Market, By Application:
  • Wood
  • Carpet
  • Laminate
  • Tile & Stone
  • Others
• Market, By End-Use Industry:
  • Residential
  • Industrial
  • Commercial
•  Market, by Country:
  • Vietnam
    • South Vietnam
    • North Vietnam
    • Central Vietnam

Competitive Landscape

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

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Table of Content

1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on the Vietnam Floor Adhesive Market
4. Executive Summary
5. Voice of Customer

5.1.  Product Awareness

5.2.  Product Pricing

5.3.  Challenges & Unmet Needs

5.4.  Factors Influencing the Purchase Decision

6. Vietnam Floor adhesive market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Resin Type (Polyurethane Adhesive, Epoxy Adhesive, Vinyl Adhesive, Acrylic Adhesive and Others)

6.2.2.     By Technology (Water-Based Adhesive, Hot-Melt Adhesive and Solvent-Based Adhesive)

6.2.3.     By End-Use (Residential, Industrial and Commercial)

6.2.4.     By Application (Wood, Carpet, Laminate, Tile & Stone and Others)

6.2.5.     By Region

6.2.6.     By Company

6.3.  Market Attractiveness Index

7. Vietnam Polyurethane Adhesive Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Technology

7.2.2.     By Application

7.2.3.     By Region

7.3.  Market Attractiveness Index

8. Vietnam Epoxy Adhesive Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Technology

8.2.2.     By Application

8.2.3.     By Region

8.3.  Market Attractiveness Index

9. Vietnam Vinyl Adhesive Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Technology

9.2.2.     By Application

9.2.3.     By Region

9.3.  Market Attractiveness Index

10. Vietnam Acrylic Adhesive Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Technology

10.2.2.  By Application

10.2.3.  By Region

10.3.              Market Attractiveness Index

11. Price Point Analysis
12. Market Dynamics

12.1.              Drivers

12.2.              Challenges

13. Market Trends & Developments
14. Policy & Regulatory Landscape
15. Vietnam Economic Profile
16. Competitive Landscape

16.1.              Competition Outlook

16.2.              Company Profiles (Top 10 Companies)

16.2.1.  Bostik SA

16.2.2.  Mapei S.P.A.

16.2.3.  Laticrete International Inc.

16.2.4.  Forbo Holding AG

16.2.5.  Wacker Chemie AG

16.2.6.  The DOW Chemical Company

16.2.7.  Henkel AG & Co. KGaA,

16.2.8.  Sika AG

16.2.9.  Pidilite Industries Limited

16.2.10.                BASF

17. Strategic Recommendation