Vietnam Construction Chemical Market is in the Growing Stage, Being Driven by Rapid Urbanization, Influx of FDI & Rising Government Investments: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 1. Rapid urbanization has been a major catalyst for Vietnam Construction Chemical market revenue which is expected to get doubled by 2027F By 2027F, the Vietnam construction chemicals market is expected to grow at a robust rate. The market’s expansion can be ascribed to rising urbanisation, increased expenditures in infrastructure and real estate construction projects, and the availability of cheap and abundant raw materials. Furthermore, the Vietnamese government aims to reduce greenhouse gas emissions by about ~8% by 2030 and is consistently focusing on eco-friendly and energy-efficient building development, thus the government has been promoting the use of green chemicals, which will further increase the demand for higher-quality building chemicals in the country in the coming years. The prominent companies in the Vietnam building chemicals market includes: Sika Limited (Vietnam), BASF Vietnam Co. Ltd., GCP Vietnam Company Limited, Mapei Vietnam Co. Ltd., and others. 2. Tenders from commercial and industrial sector, Government initiatives and high FDI inflows are acting as the major growth drivers for the Vietnam Construction Chemical market Vietnam Construction Chemicals industry revenue stood at USD ~ Bn in 2022E and recorded a CAGR of 5.6% during 2017-2022E. Growth in Urbanization and Development of Housing Projects and Government initiatives has led to the growth for construction chemicals in Vietnam. For instance, the Government has approved infrastructure projects like the construction of four airport in Sa Pa, Quang Tri, Lai Chau and Phan Thiet which are expected to kick off in the early 2023. More projects like Bac Tan Uyen Vietnam-Singapore Industrial Park III and Rach Mieu II Bridge are also in the pipeline. The government has also allocated US ~ $35 billion to its economic recovery plan for the 2022-2023 period in order to revive the economy from the Covid-19 impact. Furthermore, demand for high quality and durable products such as Admixtures for cements and waterproofing products have also contributed to the growth of chemical industry in Vietnam. Request For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MjQ4 3. With high level of Competition, Fluctuating Foreign exchange rate and Decreasing purchasing power are posed as the major challenges faced by the Vietnam Construction Chemical Market Covid-19 pandemic has drastically affected the purchasing power of the people real estate market. For instance, individual investors were offering lower prices to customers for land and houses in Ho Chi Minh City by about 30%, while companies gave discounts of 40-50% to boost stagnant sales. But Covid-19 is not the challenge, Fluctuating Foreign exchange rate are also a major problem as most of the raw material for construction chemical is usually imported in Vietnam and fluctuating exchange rate is affecting the market with its price points. The State Bank of Vietnam is facing multiple pressures in 2022 in managing the foreign exchange rate. Furthermore, growing competition and poor government policies are also affecting the market. Like, Joint venture with a local partner to manufacture product or Sell product through local distributor is a common trend to enter the market. The market has a margin upto 30% and with the recent developments in construction market let to reduction in the margin, thus a posing a threat to new entrants. For more insights on the market intelligence, refer to the link below:- Vietnam Construction Chemical Market Related Reports by Ken Research:- Indonesian Construction Chemicals Market Outlook to 2025 India Construction Chemicals Market Outlook to 2025 ( Second Edition ) Post Views: 8 Tags: BASF Construction Chemical Market Revenue, Bestmix Construction Chemical Market, Cement And Concrete Additives Market Vietnam, Central Vietnam Construction Chemical Market, Challenges in Vietnam Construction Chemical Market, Construction Chemical companies in Vietnam, Construction Chemical Distributors in Vietnam, Construction Chemical Industry in Vietnam, Construction Chemical Manufacturers in Vietnam, Construction Chemical Raw Material Suppliers in Vietnam, construction chemicals producer Vietnam, Dow Construction Chemical Market Revenue, Emerging Players in Construction Chemical Vietnam, FOSROC Construction Chemical Market Size, Leading Players in Construction Chemical Vietnam, Major Players in Construction Chemical Vietnam, MAPEI Construction Chemical Market Share, Northern Vietnam Construction Chemical Market, Organized Construction Chemical Market Vietnam, Silkroad Construction Chemical Market, Southern Vietnam Construction Chemical Market, Top Construction Chemical Companies in Vietnam, Unorganized Construction Chemical Market Vietnam, Vietnam Adhesive and Sealant Market, Vietnam Coating Market, Vietnam Concrete Additive Market, Vietnam Construction Chemical End-User Industry, Vietnam Construction Chemical Industry, Vietnam Construction Chemical Market, Vietnam Construction Chemical Sector, Vietnam Grouting chemical Market, Vietnam Sika Construction Chemical Market Revenue, Vietnam Waterproofing Market, Vietnamese Construction Chemical Market