Concrete Admixtures Dominate Vietnam Construction Chemicals Market
Increasing
investments on infrastructural projects, rising adoption of new construction
technologies, and shifting focus towards green building construction to drive
Vietnam construction chemicals market through 2023
According
to TechSci Research report, “Vietnam Construction Chemicals, By Type, By End Use Sector, Competition Forecast &
Opportunities, 2013-2023”, Vietnam
construction chemicals market is projected to surpass $ 410 million by 2023. Growth
in the market is led by rising number of infrastructure and real-estate
construction projects in the country. Moreover, many foreign construction
companies have set up their manufacturing facilities in Vietnam, to meet the
increasing demand for industrial properties and residential buildings, thereby
further contributing to the growth of Vietnam construction chemicals market. Furthermore,
the Government of Vietnam is focusing on reducing greenhouse gas emissions and
has developed green building codes for the same, which is expected to propel
the extensive use of better quality construction chemicals across the country
in the coming years.
Browse 49 market data Figures and 9 Tables
spread through 111 Pages and an in-depth TOC
on "Vietnam Construction Chemicals Market"
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Among
different types of construction chemicals, concrete admixtures dominated
Vietnam construction chemicals market in 2017, followed by waterproofing
chemicals, which are anticipated to grow at the fastest pace during the
forecast period. On the basis of end use, Vietnam construction chemicals market
is segmented into infrastructure and real estate. Infrastructure dominated the
market in 2017 and is likely to continue dominating during the forecast period
as well on the back of rising infrastructure activities across the country. Southern
Vietnam region is the leading demand generator for construction chemicals as this
region is more urbanized with a high population density and many large-scale
construction projects are being undertaken in the region. However, the Central
region has several upcoming highways and rail route construction projects, due
to which the region is expected to generate high demand for construction
chemicals in the coming years. Some of the major companies operating in Vietnam
construction chemicals market are Sika Limited (Vietnam), BASF Vietnam Co. Ltd.,
GCP Vietnam Company Limited, and Mapei Vietnam Co. Ltd., among others.
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Further, with increasing purchasing
power and growing population, Vietnam construction chemical market is expected
to grow at a decent pace over the span of next five years. “Rising investments
in the infrastructure sector across Vietnam is likely to positively influence
Vietnam construction chemicals market. Moreover, various international
construction chemical manufacturers are capitalizing on the lucrative
opportunities of entering into Vietnamese market through strategic alliances
and joint ventures, which would further steer growth in Vietnam construction
chemicals market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Vietnam Construction Chemicals, By Type, By End Use Sector, Competition Forecast &
Opportunities, 2013-2023”
has analyzed the potential of Vietnam construction chemicals market, and
provides information and statistics on market structure, imports and trends.
The report intends to provide the clients with cutting-edge market intelligence
and help them in taking sound investment decisions. The report also identifies
and analyzes emerging trends along with essential drivers and key challenges
faced by Vietnam construction chemical market.
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