Summary

Vietnam contact adhesive market is expected to grow at formidable rate during the forecast period. The market growth can be attributed to the rising demands for packaging materials and increasing industrialization activities in the country. Besides, growing demand for new consumer products and growing number of infrastructural projects are fueling the adoption of contact adhesives in Vietnam. Moreover, increase in development of advanced materials and easy availability of environment-friendly products for construction are propelling the growth of Vietnam contact adhesive market. Market players are making huge investments to develop low-cost, water-based contact adhesives with improved properties, which is expected to propel the market growth. Moreover, research institutions are collaborating with various manufacturers to develop specialty contact adhesives to grow their applications across various industries as primary sources of solution to bond objects, which in turn, is driving the market growth. Besides, recent advancements in automotive industries and increasing need for lightweight vehicles are anticipated to fuel the Vietnam contact adhesive market. Steady economic growth, rapidly expanding manufacturing industries, and availability of cheap labor are some of the factors boosting the growth of the Vietnam contact adhesives market.
Vietnam contact adhesive market is segmented based on type, technology, end user and region and company. Based on type, the market is further divided into Neoprene, Polyurethane, Acrylic, Styrene Butadiene Copolymer & Others. The neoprene segment is anticipated to hold the largest share in Vietnam contact adhesive market due to its wide use in end-use industries and easy availability. By end-user, the market is further segmented into Woodworking, Automotive, Leather and Footwear, Construction & Others. The automotive sector is expected to dominate the Vietnam contact adhesive market owing to rapidly growing adoption of passenger and commercial vehicles on account of rising personal disposable income and growing number of economic activities in the country.
3M Company, Ashland Inc, Bostik, Delo Industrial Adhesives, LLC, Dymax Corporation, H.B. Fuller, Henkel, Hernon Manufacturing, Inc., Hexcel Corporation, Huntsman International, Illinois Tool Works, Jubilant Industries, Lord Corporation, Loxeal Engineering Adhesives etc. are the leading players in the Vietnam contact adhesive market.
Years considered for this report
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study
• To analyze and forecast 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 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 contact adhesive market.
• To strategically profile the leading players, which are providing contact adhesive in Vietnam.
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 were 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 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 type of (neoprene, polyurethane, acrylic, styrene butadiene copolymer & others), contact adhesive was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective providers to arrive at the overall market size. Various secondary sources such as all Vietnam contact adhesive manufacturers, suppliers, association, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.
Key Target Audience:
• Vietnam contact adhesive manufacturers
• Research organizations and consulting companies
• Associations, organizations and alliances related to contact adhesives
• Government bodies such as regulating authorities and policy makers
• 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 policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.
Report Scope:
In this report, Vietnam contact adhesive market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Vietnam Contact Adhesive Market, By Type:
 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
 Others
• Vietnam Contact Adhesive Market, By Region:
 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 contact adhesive market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:
Channel Partner Analysis
• Detailed list of manufacturers and suppliers across the country.
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Product Information
• Detailed analysis of new products in the market and their driving forces in the market.

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