Influx of FDI, Merger & acquisition and availability of cheap & abundant raw material had driven Vietnam Construction Chemical Market: Ken Research

Focus On Rising Urbanization and Strong Government Initiatives Are Major Factor Contributing Towards Development of Construction Chemical Market in Vietnam.

Influx of Foreign Direct Investment: The demand for investment in factories and industrial parks has increased strongly in Vietnam, leading to an increase in the demand for construction chemical and attracting investment inflows. For instance, In Central Region, by end of June 2022, ~90 projects were under construction with a value of USD ~13 Bn which includes many major manufacturing projects: Textile & Garment, Agriculture & Feed, Energy, Electronics and Food & Beverages etc. Furthermore, Northern and Southern market of Vietnam are largely affected by the FDIs, as there are hundreds of projects under construction with investments of USD ~billion. At the end of June 2022, many expansion projects have been implemented and are expected to continue to be the trend of the industrial construction segment in the near future.

Merger & Acquisition: Mergers & acquisitions, product portfolio expansion and supply agreements are some of the business development strategies which has contributed to the growth in construction chemical industry. For instance, in November, Sika has signed a definitive agreement to acquire MBCC Group, the former BASF Construction Chemicals for a consideration of EUR ~ billion, Saint-Gobain has made ~30 acquisitions and ~15 investments and has also invested in multiple sectors such as Advanced Materials, Display Technology and more. Another example is of MC. They have acquired a majority of the shares in BIFI JSC, Vietnam, a leading Vietnamese manufacturer of concrete admixtures and grinding aids for the cement industry. With all these mergers, acquisitions and investments, the Vietnam construction chemical industry has seen a tremendous growth.

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Availability of cheap & abundant Raw Material:  With abundant mineral resources, Vietnam has many advantages in producing construction materials in the country and with this advantage the industry has made a remarkable progress both in terms of quality and quantity. Furthermore, the implementation of free trade agreements and the associated removal of tariff barriers has also helped Vietnamese enterprises to expand the import of raw materials, further fueling the growth of construction chemical industry.

Analysts at Ken Research in their latest publication "Vietnam Construction Chemical Market Outlook to 2027F - Driven by growing construction sector, high FDI Investments and favorable government initiative" by Ken Research observed that Vietnam Construction Chemical market is in the growing phase, growing at CAGR of 5.6% between 2017-2022E owning to the influx of FDI, availability of cheap & abundant raw material, major merger & acquisitions, rapid urbanization, increasing use of green chemicals and strong government investments. It is expected that Vietnam Construction Chemical market will continue to grow, at a CAGR of 11.9% for the 2022-2027F forecasted period.

Key Segments Covered:-

Vietnam Construction Chemical Market

By Region, 2022E & 2027F

Northern Vietnam

Central Vietnam

Southern Vietnam

By End-User, 2022E & 2027F

Commercial

Industrial

Residential

By Product Type, 2022E & 2027F

Industrial Flooring

Sealants & Adhesives

Coating

Grouting Chemicals

Repair & Rehabilitation Chemicals

Waterproofing

Concrete Admixtures

By Product Type), 2022E & 2027F

Organized

Unorganized

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By Type of Concrete Admixtures, 2022E & 2027F

Organized

Unorganized

By Type of Waterproofing, 2022E & 2027F

Organized

Unorganized

By Type of Grouting Chemicals, 2022E & 2027F

Organized

Unorganized

By Type of Repair & Rehabilitation Chemicals, 2022E & 2027F

Organized

Unorganized

By Type of Coating Chemicals, 2022E & 2027F

Organized

Unorganized

By Type of Sealants & Adhesives Chemicals, 2022E & 2027F

Organized

Unorganized

By Type of Industrial Flooring Chemicals, 2022E & 2027F

Organized

Unorganized

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Key Target Audience:-

Construction Chemical companies

Concrete Additive companies

Waterproofing companies

Adhesive and Sealant Companies

Grouting chemical companies

Coating companies

Time Period Captured in the Report:-

Historical Period: 2017-2022E

Base Year: 2022E

Forecast Period: 2022E - 2027F

Companies Covered:-

Sika

MAPEI

FOSROC

MBCC Group

BASF

GCP

Bestmix

Silkroad

MC BIFI

Dow

Key Topics Covered in the Report:-

Country Overview of Vietnam

Vietnam Construction Chemical Market Overview

Vietnam Construction Chemical Market Size Overview, 2017-2022E

Vietnam Construction Chemical Market Segmentation

Industry Analysis of Vietnam Construction Chemical Market

Porter's Five Forces

Challenges in Vietnam Construction Chemical Market

Trends & Developments in Vietnam Construction Chemical Market

Swot Analysis of Vietnam Construction Chemical Market

List of Vietnam Construction Projects

Major Mergers & Investments in Construction Chemical Industry

End User Analysis of Vietnam Construction Chemical Market

Covid-19 Impact on Vietnam Construction Chemical Market

Competition Framework of Vietnam Construction Chemical Market (Inception, global presence, manufacturing plants, business verticals, end-user, brands, Est. revenue)

Future Outlook to Vietnam Construction Chemical Market 2022E-2027F

Analyst Recommendation

For more insights on the market intelligence, refer to the link below:-

https://www.kenresearch.com/manufacturing-and-construction/construction-materials/vietnam-construction-chemical-market-outlook-to-2027/596232-97.html

Related Reports by Ken Research:-

https://www.kenresearch.com/manufacturing-and-construction/construction-materials/indonesian-construction-chemicals-market-outlook-to-2025/464499-97.html

https://www.kenresearch.com/manufacturing-and-construction/construction-materials/india-construction-chemicals-market-outlook-to-2025/434142-97.html

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.