Increasing infrastructure activities such as building and house constructions are expected to drive the growth of the waterproofing chemicals market in Vietnam during the forecast period. According to TechSci Research report, “Vietnam Waterproofing Chemicals Market – By Region, Competition Forecast and Opportunities, 2018-2028″, The Vietnam waterproofing chemicals Market is anticipated to increase at an impressive rate in the forecast period, 2024-2028.
The Important Factors of the Vietnam Waterproofing Chemicals Market
Waterproofing chemicals are chemicals used in the building, electronic, and design sectors to lessen the impact of liquid infiltration into systems from the environment. Due to its properties, waterproofing chemicals help structure to sustain the strength and durability of a building’s concrete surfaces for a more prolonged period. The volatile cost of crude oil negatively impacts the product’s price, and lack of knowledge about waterproofing chemicals are factors restraining the waterproofing chemical market.
Government initiatives for developing the construction sector and growing awareness are the factors that propel the demand in the waterproofing chemicals market. Growing demand from the construction sector for roof, wall, floor, and basement waterproofing are the significant factors responsible for developing the waterproofing chemicals market. Moreover, increased per capita income, rising tourism, and technological development are the major factors responsible for market growth. Thus, the abovementioned factors will drive the market development and directly impact Vietnam’s waterproofing chemicals market growth.
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Vietnam waterproofing chemicals market is segmented based on chemistry, technology, and application.
Based on chemistry, the market is divided into bitumen, elastomers, polyvinyl chloride, thermoplastic polyolefin, ethylene propylene diene terpolymer, and others. The bitumen segment is expected to hold the largest market share in the projected year. The Bituminous coating is also known as asphalt coating and is strong, waterproof, durable, and economical. It also helps in resistance to harsh chemicals, water, and UV light which is raising its demand. Thus, the bitumen segment holds the largest market share and is expected to grow with the highest market share in the forecasted period.
Based on technology, the market is divided into integral systems, preformed membranes, liquid-applied membrane systems, and others. Based on application, the market is divided into roofing & wall, floor & basement, water & waste management, tunnel & landfills, bridge & highways, and others. As per estimates, the roofing & wall segment is going to experience the highest market share during the forecast period. In order to stop the leakage of water due to rainfall and contamination on the roof, to prevent such consequences, waterproofing chemicals are widely used on roofs and walls. That’s why the roofing & wall segment dominates the waterproofing chemicals market.
Major companies operating in Vietnam waterproofing chemicals market are:
- Sika Limited (Vietnam)
- BASF Vietnam Co. Ltd.
- H.B. Fuller International Inc.
- Mapei Vietnam Co. Ltd.
- Vietnam Henkel Adhesive Technologies Co., Ltd.
- Schomburg Vietnam Co., Ltd
- Tjikko Private Limited
- Nohara International Pte Ltd.
- VietBase Co., Ltd.
- Akzo Nobel Vietnam
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“The primary reason for the growth Vietnam’s waterproofing chemicals market is the growing demand for infrastructural projects and construction activities. Additionally, the increasing use of waterproofing chemicals for the construction of water & waste management, tunnel & landfills, and bridge & highways are propelling the demand. All the factors mentioned above are projected to impact Vietnam’s waterproofing chemicals market growth until 2027.” said Mr. Karan Chechi, research director with TechSci Research, a research-based global management consulting firm.
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“Vietnam Waterproofing Chemicals Market By Chemistry (Bitumen, Elastomers, Polyvinyl Chloride, Thermoplastic Polyolefin, Ethylene Propylene Diene Terpolymer, Others), By Technology (Integral Systems, Preformed Membranes, Liquid Applied Membrane Systems, Others), By Application (Roofing & Wall, Floor & Basement, Water & Waste Management, Tunnel & Landfills, Bridge & Highways, Others), By Region, Competition, Forecast and Opportunities, 2028 has evaluated the future growth potential of Vietnam waterproofing chemicals Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam waterproofing chemicals market.
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