Report Description

Forecast Period


Market Size (2022)

USD132.36 million

CAGR (2023-2028)


Fastest Growing Segment

Polyurethane (PU)

Largest Market



Market Overview

Vietnam Construction Adhesives Market has valued at USD132.36 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.86% through 2028. Technology-wise, the market is experiencing a significant influx of innovative solutions that are specifically designed to enhance the quality and performance of construction adhesives. These remarkable advancements play a crucial role in meeting the ever-evolving needs of the construction industry, particularly in terms of improving building efficiency, durability, and sustainability.

In Vietnam, the end-use sectors of construction adhesives are incredibly diverse, encompassing a wide range of projects from residential buildings to commercial establishments and large-scale infrastructure developments. This diversity is primarily driven by the increasing urbanization and rapid population growth in the country, which have led to a surge in construction activities across various sectors. Consequently, the demand for construction adhesives has skyrocketed as these adhesive solutions are indispensable components in ensuring the structural integrity and longevity of buildings and infrastructure.

In conclusion, the Vietnam construction adhesives market not only offers ample opportunities for growth and investment but also presents a vibrant landscape for innovation and development. The market's robust growth trajectory is further fueled by the thriving construction industry, continuous technological advancements, and the presence of major global players. As Vietnam continues to urbanize and develop at an accelerated pace, the demand for construction adhesives is projected to remain strong, promising a bright and prosperous future for this dynamic market.

Key Market Drivers

Growth in Construction Industry

The construction industry's growth is driven by several factors, such as rapid urbanization, increasing income levels, and substantial government investment in infrastructure projects. As cities expand and populations grow, the need for new buildings and infrastructure becomes paramount. This surge in construction activities leads to a significant demand for construction adhesives, which play a crucial role in various applications such as bonding materials, sealing joints, and reinforcing structures.

When it comes to construction adhesives, there are different types of resin available, each offering unique properties that make them suitable for specific applications. For example, Acrylic adhesives are widely known for their excellent weather resistance and long-term durability, making them ideal for outdoor structures exposed to harsh environmental conditions. On the other hand, Epoxy adhesives provide exceptional strength and resistance to chemicals and heat, making them indispensable for applications requiring high bonding strength and durability.

In conclusion, the construction industry in Vietnam is experiencing remarkable growth, driven by factors like urbanization and government initiatives. As the country continues to develop and progress, the demand for construction adhesives is expected to remain robust. This presents a promising opportunity for both existing players and potential new entrants in the Vietnam construction adhesives market to capitalize on the increasing needs of the industry. By offering innovative adhesive solutions that cater to the unique demands of construction projects, companies can establish a strong presence and contribute to the growth of this dynamic market.

Surge in Technological Advancements

A key driver of this market's growth is the increasing emphasis on sustainability in the construction industry. Technological advancements have led to the development of high-performance adhesives that not only meet the robustness requirements of construction projects but also align with the global trend towards more sustainable practices.

One of the most notable advancements is in the area of resin technology. The market is segmented based on resin type, including Acrylic Adhesive, Polyurethane (PU), Epoxy, and Polyvinyl Acetate (PVA). Each type of resin offers unique properties that make them suitable for specific applications. For instance, the advent of polyurethane and epoxy-based adhesives has expanded their applications in the construction industry due to their exceptional strength, durability, and resistance to environmental factors.

Moreover, the introduction of adhesive tapes in the construction market has also contributed to the market's growth. These tapes offer versatility and a wide range of applications in construction projects, making them an essential component in the industry. They provide seamless bonding, ease of application, and long-lasting adhesion, enhancing the overall efficiency and effectiveness of construction projects.

In conclusion, the Vietnam Construction Adhesives Market is on a significant growth trajectory, driven primarily by the surge in technological advancements. As the construction industry continues to evolve and demand more efficient, durable, and eco-friendly solutions, the market for construction adhesives in Vietnam is expected to continue its upward trend. With continuous research and development efforts, the industry is poised to witness further innovations in adhesive technologies, further propelling the growth of the market.

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Key Market Challenges

Volatility in Price of Raw Materials

Construction adhesives are typically composed of various raw materials such as resins, solvents, and additives. These materials play a crucial role in the performance and durability of adhesives used in the construction industry. However, the cost of these raw materials can be subject to significant fluctuations due to various factors.

One of the primary causes of raw material price volatility is supply chain disruptions. Natural disasters, pandemics, or political unrest can disrupt the production or transportation of raw materials, leading to a shortage in supply and ultimately an increase in prices. For instance, the global supply chains were severely impacted by the COVID-19 pandemic, causing a surge in raw material prices as manufacturing operations were halted or delayed.

Additionally, changes in demand and supply can also contribute to price volatility. As the construction industry expands and infrastructure projects increase, the demand for raw materials rises. If the supply does not keep pace with the demand, it can lead to a scarcity of raw materials and an upward pressure on prices. Conversely, a decrease in demand, such as during economic downturns, can result in an oversupply and a drop in prices, affecting the profitability of adhesive manufacturers.

Geopolitical issues also have a significant impact on raw material prices. Changes in trade policies, tariffs, or political instability can disrupt the global supply chain and create uncertainty in the cost of raw materials.

Moreover, economic conditions, such as inflation, can further contribute to price volatility. During periods of high inflation, the cost of raw materials tends to increase, putting additional pressure on adhesive manufacturers' profitability.

The volatility in raw material prices poses a significant challenge for the Vietnam Construction Adhesives Market. It not only affects the cost of production but also impacts the pricing strategy of adhesive manufacturers. These price fluctuations can potentially lead to a decrease in profit margins for companies operating in this industry.

In conclusion, the cost of raw materials used in construction adhesives can be highly volatile due to supply chain disruptions, changes in demand and supply.

Key Market Trends

Increasing Demand for Customization and Specialty Adhesives

Customization in construction adhesives refers to the meticulous development of adhesive products that are tailored to meet the specific applications or requirements encountered in diverse construction projects. These can encompass an extensive range of adhesives meticulously designed for diverse materials, such as wood or concrete, as well as adhesives developed to address unique environmental conditions or demanding performance prerequisites.

On the other hand, specialty adhesives are characterized by their exceptional properties that surpass those of standard adhesives. These high-performance adhesives offer remarkable attributes, including enhanced durability, heightened resistance to environmental factors, and superior bonding capabilities.

The escalating demand for customization and specialty adhesives can be attributed to several factors that shape the contemporary construction landscape. Primarily, the construction industry in Vietnam is undergoing a noteworthy transformation, becoming increasingly complex and sophisticated. As a result, projects now necessitate more advanced and specialized building materials, leading to a surge in demand for adhesives that can effectively address these specific requirements.

Moreover, there is an amplified emphasis on sustainability within the construction sector, prompting a heightened demand for eco-friendly adhesives that not only exhibit robust performance but also minimize environmental impact. Notable examples of such adhesives include water-based and solvent-free formulations that adhere to stringent environmental standards.

Furthermore, the introduction of new construction materials and techniques has necessitated the development of customized adhesives to accommodate these advancements. For instance, the growing utilization of composite materials in construction has created a pressing need for adhesives that can effectively bond these materials, ensuring structural integrity and durability.

By consistently evolving and innovating in the realm of adhesive development, the construction industry can continue to meet the evolving demands of modern construction projects, ensuring efficient and sustainable construction practices.

Segmental Insights

Resin Type Insights

Based on the category of resin type, the polyurethane (PU) segment emerged as the dominant player in the Vietnamese market for construction adhesives in 2022. The building and construction industry plays a pivotal role in driving the PU adhesives market, particularly in Vietnam. As the construction sector in the country continues to experience rapid growth, the demand for reliable and high-performance adhesives is also on the rise. Polyurethane adhesives have gained prominence due to their exceptional bonding properties, durability, and resistance to environmental factors, making them the preferred choice for a wide range of construction applications.

What sets polyurethane adhesives apart is their versatility, as they can effectively bond various materials such as wood, concrete, plastic, and metal. This makes them highly suitable for diverse construction projects, offering flexibility and convenience to builders and contractors.

Moreover, advancements in resin technology have led to the development of polyurethane-based adhesives with even more improved properties and performance. Continuous innovation in this field drives the growth of the PU adhesives market in Vietnam, ensuring that the sector keeps pace with evolving construction requirements and demands.

With the combined factors of the booming construction industry, the versatility of polyurethane adhesives, and the ongoing advancements in resin technology, the future of the PU adhesives market in Vietnam looks promising and poised for further expansion.

Technology Insights

The waterborne technology segment is projected to experience rapid growth during the forecast period. Waterborne adhesives are widely recognized for their eco-friendly nature. These types of adhesives are not only low in Volatile Organic Compounds (VOCs), which are detrimental to the environment and human health, but they also offer a myriad of additional benefits. With the growing emphasis on sustainability in the construction industry, the demand for environmentally friendly products like waterborne adhesives is steadily increasing.

One of the remarkable aspects of waterborne adhesives is their exceptional performance characteristics. They exhibit excellent adhesion to a wide range of substrates, making them exceptionally versatile for various applications in the construction industry. Whether it's bonding wood, metal, or plastic, waterborne adhesives deliver reliable and durable results.

Moreover, regulatory policies play a significant role in the widespread adoption of waterborne technology. Governments worldwide, including Vietnam, are implementing stricter regulations on VOC emissions in the construction industry. These regulations act as a catalyst for the transition from solvent-based alternatives to waterborne adhesives, promoting a healthier and more sustainable environment.

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Regional Insights

Central emerged as the dominant player in the Vietnam Construction Adhesives Market in 2022, holding the largest market share in terms of value. In recent years, Central Vietnam has experienced a remarkable surge in construction activities. This remarkable growth can be attributed to a combination of factors, including robust economic growth, rapid urbanization, and extensive infrastructure development. As both residential and commercial projects continue to flourish, the demand for construction adhesives has skyrocketed.

Central Vietnam boasts several industrial zones and is home to key cities such as Da Nang and Hue. These vibrant urban centers serve as bustling hubs for manufacturing and trade, attracting businesses and investors from far and wide. With the increasing number of construction projects taking shape in these areas, the need for reliable and high-quality construction adhesives has become more prominent than ever before.

Recent Developments

  • In January 2023, Henkel Vietnam, a leading manufacturer of adhesive products, proudly introduced a groundbreaking range of construction adhesives tailored exclusively for the Vietnamese market. This innovative line of adhesives has been meticulously formulated to exhibit exceptional resistance to the region's challenging climate conditions, including high temperatures and humidity.
  • By addressing these specific environmental factors, Henkel Vietnam is providing construction professionals and DIY enthusiasts with enhanced performance and reliability, ensuring that their projects withstand the test of time. With this new range of adhesives, Henkel Vietnam continues to demonstrate its commitment to delivering cutting-edge solutions that meet the unique needs of customers in Vietnam's thriving construction industry.

Key Market Players

  • Zhong Bu Adhesive (Vietnam) Co.
  • BASF Vietnam Co. Ltd.
  • Dow Chemical Vietnam LLC
  • Henkel Adhesive Technologies Vietnam Co., Ltd.
  • 3M Vietnam Co. Ltd.

 By Resin Type

By Technology

By Region

  • Acrylic Adhesive
  • Polyurethane (PU)
  • Epoxy
  • Polyvinyl Acetate (PVA)
  • Others
  • Waterborne Technology
  • Solvent-Borne Technology
  • Reactive Technology
  • Others
  • Northern
  • Central
  • Southern


Report Scope:

In this report, the Vietnam Construction Adhesives Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Vietnam Construction Adhesives Market, By Resin Type:

o   Acrylic Adhesive

o   Polyurethane (PU)

o   Epoxy

o   Polyvinyl Acetate (PVA)

o   Others

  • Vietnam Construction Adhesives Market, By Technology:

o   Waterborne Technology

o   Solvent-Borne Technology

o   Reactive Technology

o   Others

  • Vietnam Construction Adhesives Market, By Region:

o   Northern

o   Central

o   Southern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Vietnam Construction Adhesives Market.

Available Customizations:

Vietnam Construction Adhesives Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Vietnam Construction Adhesives Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Applications

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Vietnam Construction Adhesives Market Outlook

4.1.  Market Size & Forecast

4.1.1.     By Value

4.2.  Market Share & Forecast

4.2.1.    By Resin Type (Acrylic Adhesive, Polyurethane (PU), Epoxy, Polyvinyl Acetate (PVA), Others)

4.2.2.     By Technology (Waterborne Technology, Solvent-Borne Technology, Reactive Technology, Others)

4.2.3.     By Region

4.2.4.     By Company

4.3.  Market Map

4.3.1.     By Resin Type

4.3.2.     By Technology

4.3.3.     By Region

5.    Northern Construction Adhesives Market Outlook

5.1.  Market Size & Forecast       

5.1.1.By Value

5.2.  Market Share & Forecast

5.2.1.     By Resin Type

5.2.2.     By Technology

6.    Central Construction Adhesives Market Outlook

6.1.  Market Size & Forecast       

6.1.1.By Value

6.2.  Market Share & Forecast

6.2.1.     By Resin Type

6.2.2.     By Technology

7.    Southern Construction Adhesives Market Outlook

7.1.  Market Size & Forecast       

7.1.1.By Value

7.2.  Market Share & Forecast

7.2.1.     By Resin Type

7.2.2.     By Technology

8.    Market Dynamics

8.1.  Drivers

8.2.  Challenges

9.    Market Trends & Developments

9.1.  Recent Developments

9.2.  Product Launches

9.3.  Mergers & Acquisitions

10. Policy & Regulatory Landscape

11. Vietnam Economic Profile

12. Competitive Landscape

12.1.               Zhong Bu Adhesive (Vietnam) Co.

12.1.1. Business Overview

12.1.2. Company Snapshot

12.1.3. Products & Services

12.1.4. Current Capacity Analysis

12.1.5. Financials (In case of listed)

12.1.6. Recent Developments

12.1.7. SWOT Analysis

12.2.             BASF Vietnam Co. Ltd.

12.3.             Dow Chemical Vietnam LLC

12.4.             Henkel Adhesive Technologies Vietnam Co., Ltd.

12.5.             3M Vietnam Co. Ltd.

13. Strategic Recommendations

14. About us & Disclaimer

Figures and Tables

Frequently asked questions


The market size of the Vietnam Construction Adhesives Market was estimated to be USD132.36 million in 2022.


The polyurethane (PU) segment demonstrated significant dominance in 2022. This can be attributed to the growing construction industry, the versatility of PU adhesives, and continuous technological advancements in the field.


Central dominated the market with a revenue share in 2022. This can be attributed to increased construction activities, industrial zones and key cities, foreign direct investment influx, and strategic market player presence.


Growth in construction industry and surge in technological advancements are the major drivers for the Vietnam Construction Adhesives Market.


Sakshi Bajaal

Business Consultant
Press Release

Vietnam Construction Adhesives Market to Grow with a CAGR of 3.86% through 2028

Jan, 2024

Surge in research and development activities is expected to drive the Vietnam Construction Adhesives Market growth in the forecast period, 2024-2028.