Vietnam contact adhesive market size is projected to exhibit a growth rate (CAGR) of 4.41% during 2024-2032. Rapid urbanization and infrastructure development, rapid advancements in materials and technology, rising disposable incomes, surging do-it-yourself (DIY) trend and home renovations, environmental concerns promote eco-friendly solutions, expanding real estate and e-commerce channels, and ongoing technological advancements are factors supporting the market growth.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 4.41% |
Contact adhesive, also known as contact cement, is a type of adhesive that is widely used in various industries and applications. It is designed to create a strong and permanent bond between two surfaces when applied to both sides and allowed to dry before joining them together. Contact adhesive is commonly used in woodworking, automotive, construction, and manufacturing industries, among others. Its primary advantage lies in its ability to bond a wide range of materials, including wood, metal, plastic, and laminate, which makes it an invaluable tool for professionals and DIY enthusiasts alike. Once the adhesive is applied to both surfaces and allowed to dry, the bonded items can be joined together, creating an immediate and durable connection, which is especially beneficial in applications where a quick and strong bond is required. There are two main types of contact adhesive: solvent-based and water-based. Solvent-based contact adhesive contains volatile organic compounds (VOCs) and requires proper ventilation during application. On the other hand, water-based contact adhesive is a more environmentally friendly option, as it contains lower levels of VOCs and is easier to work with in enclosed spaces.
Vietnam's contact adhesive market is shaped by several pivotal factors, including the escalating growth of the automotive and footwear sectors, where these adhesives are crucial for binding components. Moreover, the rapid urbanization, coupled with burgeoning infrastructure projects, amplifies product demand across the construction sector, which is augmenting the market growth. In line with this, the advancements in material technologies that ensure superior bonding capabilities are providing a positive environment for the market growth. The inflating disposable incomes have prompted a palpable shift towards premium quality and aesthetic-driven products, further propelling the market growth. Besides this, the DIY culture and home renovation trends have also elevated the need for easy-to-use yet effective adhesives, which is facilitating the market growth. Additionally, the mounting concerns for environmental sustainability have compelled manufacturers towards eco-friendly adhesive solutions, promoting market expansion. Other factors, including the rapid technological advancements in contact adhesives, from advanced electronics to cutting-edge medical devices, and increasing product adoption in various sectors, including electronics and healthcare, are influencing the market growth.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, technology, and end user.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes neoprene, polyurethane, acrylic, styrene butadiene copolymer, and others.
Technology Insights:
A detailed breakup and analysis of the market based on the technology have also been provided in the report. This includes solvent based and water based.
End User Insights:
The report has provided a detailed breakup and analysis of the market based on the end user. This includes woodworking, automotive, leather and footwear, and construction.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Types Covered | Neoprene, Polyurethane, Acrylic, Styrene Butadiene Copolymer, Others |
Technologies Covered | Solvent Based, Water Based |
End Users Covered | Woodworking, Automotive, Leather and Footwear, Construction |
Regions Covered | Northern Vietnam, Central Vietnam, Southern Vietnam |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |