Vietnam Contact Adhesive Market – Future, Scope, Trends

Vietnam contact adhesive market is projected to grow at a single-digit CAGR during 2024-2028. Huge demand generated from the construction industry, rising demand for packaging materials, increasing industrialization and growing demand for new consumer products are aiding Vietnam’s contact adhesive market. Moreover, an increase in the development of advanced and new materials, easy availability, and wide adequacy & focus on developing environment-friendly products are some of the other factors, which are expected to propel the demand for contact adhesive over the next five years.

Vietnam’s contact adhesive market is segmented based on type, technology, end-user, and region. Based on type, Neoprene is expected to account for the largest share in 2022 and the trend is likely to continue in the forthcoming years as well. By end-user, the automotive sector will hold the major share of the market. Recent developments in this sector will give rise to the contact adhesive market in the forecasted period.

Some of the major players operating in the Vietnam contact adhesive market

1. 3M Company
2. Ashland Inc
3. Bostik
4. Delo Industrial Adhesives, LLC
5. Dymax Corporation
6. H.B. Fuller
7. Henkel
8. Hernon Manufacturing, Inc.
9. Hexcel Corporation
10. Huntsman International
11. Illinois Tool Works
12. Jubilant Industries
13. Lord Corporation
14. Loxeal Engineering Adhesives, etc.

The Objective of the Study:

• To analyze and forecast the market size of the Vietnam contact adhesive market, in terms of value & volume.
• To define, classify and forecast the Vietnam contact adhesive market on the basis of type, technology, end-user & region.
• To scrutinize the detailed market segmentation and forecast the market size, in terms of value, based on type by segmenting Vietnam’s contact adhesive market into, types namely, neoprene, polyurethane, acrylic, styrene-butadiene copolymer & others.
• To identify tailwinds and headwinds for the Vietnam contact adhesive market.
• To examine competitive developments such as expansions, new launches, supply contracts, and mergers & acquisitions in the Vietnam’s contact adhesive market.
• To strategically profile the leading players, which are providing contact adhesive in Vietnam.

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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of contact adhesive manufacturers in 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 was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analyzed device type, technology, end-user, and regional presence of all major contact adhesive manufacturers across the country.

TechSci Research calculated the market size for the Vietnam contact adhesive market using a bottom-up approach, where manufacturers’ value sales data for different types of (neoprene, polyurethane, acrylic, styrene-butadiene copolymer & others), contact adhesive was recorded as well as a forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective providers to arrive at the overall market size. Various secondary sources such as all Vietnam contact adhesive manufacturers, suppliers, associations, company annual reports, white papers, investor presentations, and financial reports were also used by TechSci Research.

Key Target Audience:

• Vietnam contact adhesive manufacturers
• Research organizations and consulting companies
• Associations, organizations, and alliances related to contact adhesive
• Government bodies such as regulating authorities and policymakers
• Industry associations
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as contact adhesive manufacturers and policymakers, and which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on the growth of the market.

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Report Scope:

In this report, the Vietnam’s contact adhesive market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Contact Adhesive Market, by Type:
  • Vietnam Contact Adhesive Market
    • Neoprene
    • Polyurethane
    • Acrylic
    • Styrene Butadiene Copolymer
    • Others
• Vietnam Contact Adhesive Market, by Technology:
  • • Solvent Based
    • Water Based
• Vietnam Contact Adhesive Market, by End-user:
  • • Woodworking
    • Automotive
    • Leather and Footwear
    • Construction
• Vietnam Contact Adhesive Market, by Geography:
  • • South Vietnam
    • Central Vietnam
    • North Vietnam

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players

Company Profiles: Detailed analysis of the major companies present in the Vietnam’s contact adhesive market.