Vietnam Waterproofing Chemicals Market to be Dominated by Wall & Floor Segment Through 2028
Increasing infrastructure
activities such as building and house constructions is expected to drive the
growth of waterproofing chemicals market in Vietnam during the forecast period.
According to TechSci Research report, “Vietnam Waterproofing Chemicals Market - By Region,
Competition Forecast and Opportunities, 2018-2028", The Vietnam
waterproofing chemicals Market is anticipated to increase at an impressive rate
in the forecast period, 2024-2028. Waterproofing chemicals are chemicals used
in the building, electronic, and design sectors to lessen the impact of liquid
infiltration into systems from the environment. Due to its properties,
waterproofing chemicals help structure to sustain the strength and durability
of a building's concrete surfaces for a more prolonged period. The volatile
cost of crude oil negatively impacts the product's price, and lack of knowledge
about waterproofing chemicals are factors restraining the waterproofing
chemical market.
Government initiatives
for developing the construction sector and growing awareness are the factors
that propel the demand in the waterproofing chemicals market. Growing demand
from the construction sector for roof, wall, floor, and basement waterproofing
are the significant factors responsible for developing the waterproofing
chemicals market. Moreover, increased per capita income, rising tourism, and
technological development are the major factors responsible for market growth.
Thus, the abovementioned factors will drive the market development and directly
impact Vietnam's waterproofing chemicals market growth.
Browse over
XX market data Figures spread through XX Pages and an in-depth TOC on "Vietnam Waterproofing Chemicals Market"
Vietnam waterproofing
chemicals market is segmented based on chemistry, technology, and application.
Based on chemistry, the
market is divided into bitumen, elastomers, polyvinyl chloride, thermoplastic
polyolefin, ethylene propylene diene terpolymer, and others. The bitumen
segment is expected to hold the largest market share in the projected year. The
bituminous coating is also known as asphalt coating and is strong, waterproof,
durable, and economical. It also helps in resistance to harsh chemicals, water,
and UV light which is raising its demand. Thus, the bitumen segment holds the
largest market share and is expected to grow with the highest market share in
the forecasted period.
Based on technology, the
market is divided into integral systems, preformed membranes, liquid-applied
membrane systems, and others. Based on application, the market is divided into
roofing & wall, floor & basement, water & waste management, tunnel
& landfills, bridge & highways, and others. As per estimates, the
roofing & wall segment is going to experience the highest market share
during the forecast period. In order to stop the leakage of water due to
rainfall and contamination on the roof, to prevent such consequences,
waterproofing chemicals are widely used on roofs and walls. That’s why the
roofing & wall segment dominates the waterproofing chemicals market.
Major companies operating in Vietnam waterproofing
chemicals market are:
- Sika Limited
(Vietnam)
- BASF Vietnam
Co. Ltd.
- H.B. Fuller
International Inc.
- Mapei Vietnam
Co. Ltd.
- Vietnam Henkel
Adhesive Technologies Co., Ltd.
- Schomburg
Vietnam Co., Ltd
- Tjikko Private
Limited
- Nohara
International Pte Ltd.
- VietBase Co.,
Ltd.
- Akzo Nobel
Vietnam
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"The primary reason for the growth Vietnam's waterproofing
chemicals market is the growing demand for infrastructural projects and
construction activities. Additionally, increasing use of waterproofing
chemicals for the construction of water & waste management, tunnel &
landfills, and bridge & highways are propelling the demand. All the factors
mentioned above are projected to impact Vietnam's waterproofing chemicals
market growth until 2027." said Mr. Karan Chechi, research director with
TechSci research, a research based global management consulting firm.
“Vietnam Waterproofing Chemicals Market By Chemistry (Bitumen, Elastomers,
Polyvinyl Chloride, Thermoplastic Polyolefin, Ethylene Propylene Diene
Terpolymer, Others), By Technology (Integral Systems, Preformed Membranes,
Liquid Applied Membrane Systems, Others), By Application (Roofing & Wall,
Floor & Basement, Water & Waste Management, Tunnel & Landfills, Bridge
& Highways, Others), By Region, Competition, Forecast and Opportunities,
2028 has evaluated
the future growth potential of Vietnam waterproofing chemicals Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge 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 waterproofing chemicals market.
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