Base Year
Historical Year
Forecast Year
The Vietnam construction chemicals market reached approximately USD 460.30 million in 2023. The market is projected to grow at a CAGR of 5.6% between 2024 and 2032, reaching a value of around USD 751.65 million by 2032.
| Vietnam Construction Chemicals Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | 460.30 |
| Market Size 2032 | USD Million | 751.65 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.6% |
| CAGR 2024-2032 - Market by Region | Southeast | 6.3% |
| CAGR 2024-2032 - Market by Region | South Central Coast | 5.2% |
| CAGR 2024-2032 - Market by Type | Waterproofing and Roofing Solutions | 6.4% |
| CAGR 2024-2032 - Market by End Use | Residential | 6.1% |
| Market Share by Region | Southeast | 32.7% |
The growth of the market in Vietnam can be attributed to the increasing interest and investment from foreign investors in the country's real estate sector. With Vietnam's stable economic growth, favourable business environment, and strategic location in the Asia Pacific region, it has become an attractive destination for property investment. The 2024 Asia-Pacific Investor Intentions Survey by CBRE places Vietnam's real estate market as the second most preferred among emerging destinations in the region, contributing to the expansion of the market in Vietnam.
Sustainable construction practices are becoming increasingly recognised and adopted in Vietnam. The utilisation of environmentally friendly construction chemicals, which minimise environmental impact and enhance energy efficiency, is becoming more popular. This transition to green building materials is backed by favourable governmental policies and the rising construction of green buildings. The Vietnamese green building sector offers an investment opportunity of USD 88 billion, reported the International Finance Corporation (IFC) in 2022.
The market growth is also being driven by the increasing demand for high-quality construction materials in Vietnam's booming construction sector. In 2024, the Vietnamese government allocated 5.7% of its GDP in infrastructural development activities and is also investing heavily in the real estate sector, surging the demand for construction chemicals that can meet the requirements of modern construction projects.
“Vietnam Construction Chemicals Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| CAGR 2024-2032 - Market by | Type |
| Waterproofing and Roofing Solutions | 6.4% |
| Repair and Rehabilitation Chemicals | 6.0% |
| Industrial Flooring | 5.3% |
| Concrete Admixtures | XX% |
| Sealants and Adhesives | XX% |
| Others | XX% |
Market Breakup by Type
| CAGR 2024-2032 - Market by | End Use |
| Residential | 6.1% |
| Commercial | 5.7% |
| Industrial and Institutional | XX% |
Market Breakup by End Use
| CAGR 2024-2032 - Market by | Region |
| Southeast | 6.3% |
| South Central Coast | 5.2% |
| Red River Delta | XX% |
| Mekong River Delta | XX% |
| Others | XX% |
Market Breakup by Region
Based on the end use, the market is segmented into residential, commercial, and industrial and institutional. The residential sector is estimated to witness the fastest growth, growing at a CAGR of 6.1% between 2024 and 2032. Construction chemicals used for building residential structures enhance the durability of buildings and improve their aesthetic appearance, besides enhancing the living quality and comfort level of the building.
| Market Share by | Region |
| Southeast | 32.7% |
| Red River Delta | XX% |
| Mekong River Delta | XX% |
Meanwhile, the commercial sector is projected to grow at a CAGR of 5.7% over 2024-2032. Construction chemicals play a crucial role in different stages of construction, such as concrete admixtures, flooring compounds, waterproofing compounds, protective coatings, and repair and rehabilitation.
Market players are investing heavily in sustainable manufacturing practices and product innovation to gain a competitive edge.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 460.30 million.
The market is estimated to grow at a CAGR of 5.6% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 751.65 million by 2032.
The market is being driven by the rising real estate market and growth of the chemical sector.
The key trends aiding the market include the adoption of sustainable green practices and the rising government investment in infrastructural projects.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different end uses of construction include residential, commercial, and industrial and institutional.
The major players in the market are Sika AG, Arkema S.A., Compagnie de Saint Gobain SA, 3M Company, Bestmix Corporation, Henkel AG & Co KGaA, KKS GROUP, JSC., MAPEI S.p.A., Fosroc, Inc., and MC-Bauchemie Müller GmbH & Co. KG, among others.
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India
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Philippines
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United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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