Vietnam Construction Chemicals Market to Reach USD 793.74 Million by 2034

Strategic Insights -

Vietnam's construction chemicals market is expected to grow at a CAGR of 5.60 percent between 2025 and 2034, driven by increasing interest and investment from foreign investors in the country's real estate sector. The market reached approximately USD 460.30 Million in 2024 and is projected to reach USD 793.74 Million by 2034. Sustainable construction practices and the adoption of environmentally friendly construction chemicals are becoming increasingly recognized and adopted in Vietnam, with the country's green building sector offering an investment opportunity of USD 88 billion.

Key Takeaways:

  • The Vietnam construction chemicals market reached approximately USD 460.30 Million in 2024 and is projected to reach USD 793.74 Million by 2034, growing at a CAGR of 5.60 percent between 2025 and 2034.
  • The growth of the market in Vietnam can be attributed to the increasing interest and investment from foreign investors in the country's real estate sector.
  • The utilisation of environmentally friendly construction chemicals, which minimise environmental impact and enhance energy efficiency, is becoming more popular, backed by favourable governmental policies and the rising construction of green buildings.
  • Vietnam's real estate market is the second most preferred among emerging destinations in the Asia Pacific region, according to the 2024 Asia-Pacific Investor Intentions Survey by CBRE.
  • The market growth is also being driven by the increasing demand for high-quality construction materials in Vietnam's booming construction sector, with the government allocating 5.7 percent of its GDP in infrastructural development activities in 2024.
  • The residential sector is estimated to witness the fastest growth, growing at a CAGR of 6.1 percent between 2025 and 2034, while the commercial sector is projected to grow at a CAGR of 5.7 percent over the same period.
  • Construction chemicals play a crucial role in different stages of construction, such as concrete admixtures, flooring compounds, waterproofing compounds, protective coatings, and repair and rehabilitation.
  • Leading companies such as Sika AG, Arkema S.A., and Henkel AG & Co KGaA are investing heavily in sustainable manufacturing practices and product innovation to gain a competitive edge.

Statistics:

  • Market size: USD 460.30 Million in 2024
  • Projected market size: USD 793.74 Million by 2034
  • CAGR: 5.60 percent between 2025 and 2034
  • Residential sector growth: 6.1 percent CAGR between 2025 and 2034
  • Commercial sector growth: 5.7 percent CAGR between 2025 and 2034
  • Investment opportunity in Vietnam's green building sector: USD 88 billion

Sources:

  • ResearchAndMarkets.com's "Vietnam Construction Chemicals Market Report and Forecast 2025-2034"
  • 2024 Asia-Pacific Investor Intentions Survey by CBRE
  • International Finance Corp. (IFC) report on Vietnam's green building sector
  • Vietnam government's allocation of 5.7 percent of GDP in infrastructural development activities in 2024