Press Release

Vietnam Spray Adhesives Markett to Grow at 6.75% CAGR through 2029

Initiatives taken by Vietnamese government to support the production of spray adhesives are the major drivers for the Vietnam Spray Adhesives Market.

 

According to TechSci Research report, “Vietnam Spray Adhesives Market – By, Competition, Opportunity and Forecast 2029F”, the Vietnam Spray Adhesives stood at USD 61.05 Million in 2023 and is anticipated to grow with a CAGR of 6.75% through 2029. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.

Spray adhesives offer efficient bonding solutions in furniture assembly, providing strong and reliable adhesion between different components. Whether it's attaching upholstery, laminating surfaces, or joining wooden or plastic parts, spray adhesives ensure secure bonds that withstand the rigors of everyday use. Their quick tack and fast curing properties enable streamlined production processes, enhancing productivity and reducing assembly time. The furniture industry in Vietnam encompasses a wide range of materials, including wood, plywood, MDF (medium-density fiberboard), metal, plastic, and upholstery fabrics. Spray adhesives excel in bonding different materials, providing versatile solutions for diverse furniture manufacturing requirements. They offer excellent adhesion to various substrates, enabling seamless integration and enhancing the structural integrity of furniture pieces. In addition, spray adhesives are extensively used in upholstery applications, ensuring the smooth and precise attachment of fabric, leather, or foam to furniture frames. They even provide coverage and prevent fabric distortion or wrinkling, resulting in a professional and aesthetically pleasing finish.

Spray adhesives also offer flexibility, allowing repositioning of upholstery materials during installation, ensuring accurate alignment, and minimizing waste. For instance, SikaBond SprayFix is a multipurpose, high performance, aerosol spray adhesive which can be used for both temporary and permanent bonding applications including upholstery, floor and other repairs, furniture lamination, etc. In recent years, the Vietnamese government has been demonstrating a strong commitment to fostering domestic industries and promoting economic growth. One such industry that has seen remarkable support is the spray adhesives market. Spray adhesives play a pivotal role in various sectors, ranging from construction and automotive to textiles and packaging. The government has allocated funds and resources to support local research institutions and universities to conduct research on innovative formulations, environmentally friendly ingredients, and advanced application techniques. By encouraging R&D activities, the government aims to enhance the quality, efficiency, and safety of spray adhesives, making them more competitive in both domestic and international markets. The government's emphasis on eco-friendly and low-VOC (volatile organic compounds) formulations aligns with global trends towards sustainability and environmentally conscious manufacturing. Collaborations between adhesive manufacturers and research institutions have facilitated the development of cutting-edge spray adhesive formulations.

These partnerships have enabled the introduction of high-performance products that cater to the specific needs of industries such as aerospace, electronics, and healthcare. As a result, the market has witnessed an influx of innovative spray adhesives with enhanced properties, including high temperature resistance, conductivity, and biocompatibility. Partnerships spanning the entire supply chain, from raw material suppliers to distributors, have streamlined the procurement process and minimized production bottlenecks. Such partnerships have led to efficient inventory management and reduced lead times, ensuring a steady supply of spray adhesives to meet market demand. A recent collaboration related to spray adhesives in Vietnam involves the international adhesive tape group, tesa, and Save the Children. This partnership aims to support selected projects in Vietnam, among other countries, by providing assistance and resources for various initiatives.

 

Browse over XX market data Figures and spread through XXX Pages and an in-depth TOC on "Vietnam Spray Adhesives Market


The Vietnam Spray Adhesives Market segmentation is based on type, chemistry, end user, company, and region.

Based on end user, the Construction sector emerged as a dominant force driving demand and consumption. As Vietnam experiences rapid urbanization and infrastructural development, the construction industry remains buoyant, creating a significant need for spray adhesives in various construction applications. Spray adhesives play a crucial role in bonding materials such as insulation, panels, tiles, and flooring in both residential and commercial construction projects. Spray adhesives offer advantages like ease of application, fast curing times, and strong adhesion, making them preferred choices for construction professionals seeking efficient and reliable bonding solutions. The Furniture sector also holds substantial influence in the Vietnam Spray Adhesives Market. Vietnam is known for its robust furniture manufacturing industry, exporting furniture products worldwide. Spray adhesives are extensively utilized in furniture production for bonding wood, laminate, veneer, and upholstery materials. With growing demand for high-quality furniture products domestically and internationally, the demand for spray adhesives in the furniture sector is expected to continue expanding. While Construction and Furniture dominate the market, other sectors such as Transportation, Packaging, and Textiles also contribute to the demand for spray adhesives, albeit to a lesser extent. As Vietnam's economy continues to diversify and industrialize, these sectors may witness increased adoption of spray adhesives for various applications, further fueling market growth and development.

Based on region, Central Vietnam emerged as a dominant force in the Vietnam Spray Adhesives Market due to several key factors. The region's strategic location at the heart of the country facilitates convenient access to both domestic and international markets, enabling efficient distribution of spray adhesives across Vietnam and beyond. Central Vietnam boasts a thriving manufacturing sector and industrial infrastructure, with key industrial zones and production facilities concentrated in cities like Da Nang and Quang Nam. This concentration of manufacturing activity creates a strong demand for spray adhesives, which are widely used in various industries such as automotive, furniture, construction, and packaging. Central Vietnam is home to a diverse range of businesses, including small and medium enterprises (SMEs) and large corporations, all of which contribute to the growing demand for spray adhesives. The region's favorable business environment, supported by government incentives and infrastructure development initiatives, encourages investment and business expansion, further fueling the demand for adhesive products. Central Vietnam's robust economic growth and rapid industrialization drive the construction and automotive sectors, both of which are significant consumers of spray adhesives for bonding and assembly applications. The combination of strategic location, thriving manufacturing sector, and favorable business environment positions central Vietnam as a dominant player in the Vietnam Spray Adhesives Market.


Major companies operating in the Vietnam Spray Adhesives Market are:

·         Henkel Adhesive Technologies Vietnam Co., Ltd

·         3M Vietnam Limited Liability Company

·         Sika Limited Vietnam

·         H.B. Fuller International Inc., Rep. Office

·         Ellsworth Adhesives Vietnam Co., Ltd.

·         Daihan Science Vietnam Co., Ltd.

·         Scilab Vietnam

·         BMA Vietnam Industries Co., Ltd.

·         Schomburg Vietnam Co., Ltd.

·         Vu Le Technology Co., Ltd.

 

Download Free Sample Report

Customers can also request for 10% free customization on this report

 

The future of the Vietnam Spray Adhesives Market appears promising, poised for sustained growth and innovation. As Vietnam continues its trajectory of rapid industrialization and economic development, the demand for spray adhesives is expected to escalate across various sectors, including automotive, construction, packaging, and furniture. Factors such as increasing urbanization, infrastructure development projects, and rising disposable incomes contribute to the expanding market opportunities for spray adhesives. As environmental awareness and regulations become more stringent, there is a growing preference for eco-friendly and low-VOC (volatile organic compound) adhesive solutions. This shift towards sustainable practices presents opportunities for manufacturers to develop and introduce innovative, environmentally friendly spray adhesive formulations. Advancements in technology, such as improved bonding performance, faster curing times, and enhanced durability, will drive product innovation and market competitiveness. With favorable economic conditions, evolving consumer preferences, and technological advancements, the Vietnam Spray Adhesives Market is poised for robust growth in the foreseeable future", said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.

"Vietnam Spray Adhesives Market, By Type (Solvent Based, Water Based, Hot Melt), By Chemistry (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene, Others), By End User (Transportation, Construction, Furniture, Packaging, Textiles, Others), By Region, Competition, Forecast & Opportunities, 2019-2029F", has evaluated the future growth potential of Vietnam Spray Adhesives Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative 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 Spray Adhesives Market.


Contact

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +1-332-258-6602

Email: [email protected]

Website: www.techsciresearch.com

Relevant News