Vietnam Adhesive Tapes Market (2024-2030) | Industry, Value, Analysis, Share, Size, Forecast, Outlook, Revenue, Companies, Trends & Growth

Vietnam Adhesive Tapes Market Highlights

Report Name	Vietnam Adhesive Tapes Market
Forecast period	2024-2030
CAGR	6%
Growing Sector	automotive sector

Vietnam Adhesive Tapes Market Report

The Vietnam Adhesive Tapes Market report thoroughly covers the market by resin types, technology types, baking materials and end-users. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Vietnam Adhesive Tapes Market Synopsis

The Vietnam Adhesive Tapes Market is expected to experience a steady growth during the forecast period. This growth can be attributed to various factors such as increasing investments in infrastructure development and rising adoption of advanced technologies in manufacturing processes.

According to 6Wresearch, Vietnam Adhesive Tapes Market size is expected to grow at a CAGR 6% during 2024-2030. Vietnam's market for adhesive tapes is mostly driven by the nation's quick industrialization and urbanization. Consumer expenditure on packaged goods has increased significantly as a result of a booming economy and rising disposable income, which has increased demand for adhesive tapes in the packaging sector.

Additionally, the market is significantly influenced by the construction and automotive sectors, since adhesive tapes are utilized for a variety of purposes, including insulation, bonding, and sealing. The need for adhesive tapes in the automotive industry is being further driven by the growing trend of lightweight and environmentally friendly automobiles. Adhesive tapes are frequently used in the construction sector to seal connections and stop the leaking of air and water.

The Vietnam adhesive tapes market has room to grow, but there are several obstacles in the way. One of the main obstacles is the accessibility of inexpensive substitutes, such glue and conventional bonding techniques. Furthermore, the profit margins of companies that make adhesive tape may be impacted by changes in the price of raw materials. To fully realize the potential of the business, there is still a difficulty of educating people about new adhesive technologies and their advantages.

Vietnam Adhesive Tapes Market Leading Players

Some of the key players operating in the Vietnam adhesive tapes market include 3M, Nitto Denko Corporation, Tesa SE, Henkel AG & Co. KGaA, Avery Dennison Corporation, Lohmann GmbH & Co.KG, Scapa Group PLC., Nichiban Co., Ltd., Shurtape Technologies LLC, and Intertape Polymer Group Inc. These companies are adopting strategies such as product development and partnerships to stay competitive in the market.

Vietnam Adhesive Tapes Market Government Regulations

The government of Vietnam is taking various initiatives to support the growth of the adhesive tapes market in the country. The government has implemented policies and regulations to promote foreign investments and improve the business environment, which is expected to attract more players into the market. Additionally, tax incentives and subsidies are also provided for companies investing in research and development activities related to adhesive technologies.

Future Insights of the Market

Due to factors such growing industrialization, urbanization, and expenditures in infrastructure development, the adhesive tapes market in Vietnam is predicted to continue growing in the next years. Progress in adhesive technologies, coupled with the need for sustainable and environmentally friendly packaging options, is anticipated to propel the market. There will be substantial development prospects in the market as more firms enter it and as people become more aware of improved adhesive technologies. In addition, the Vietnam adhesive tapes market is expected to continue growing and innovating in the upcoming years due to increasing government initiatives and assistance.  

While there are obstacles to overcome, like competition from low-cost alternatives and volatile raw material costs, these can be done so by implementing creative strategies and forming tactical alliances with important stakeholders. All things considered, the adhesive tapes market in Vietnam seems good for the future, with room for expansion and innovation. Thus, it is important for investors and businesses in this industry to closely monitor these developments and seize any chances for expansion and success.

Market Segmentation by Resin Types

According to Dhaval, Research Manager, 6Wresearch, the acrylic adhesive tapes are expected to witness the highest growth in demand during the forecast period. This can be attributed to their superior properties such as high bonding strength, durability and resistance to UV light and chemicals. Acrylic adhesive tapes are widely used in various industries such as packaging, automotive, construction, and electronics due to these properties. As the demand for these industries continues to increase in Vietnam, the demand for acrylic adhesive tapes is expected to grow significantly.  Additionally, with advancements in acrylic technologies and increasing awareness about its benefits, this segment is likely to experience a surge in demand in the coming years.

Market Segmentation by Technology Types

The water-based adhesive tapes are expected to witness the highest growth in demand during the forecast period. This can be attributed to their eco-friendly and non-toxic nature, making them a popular choice for packaging and other industries that prioritize sustainability. Water-based adhesive tapes also offer high bonding strength and can be easily applied through various techniques such as spraying, brushing or dipping. With the growing focus on sustainable and environmentally friendly solutions, the demand for water-based adhesive tapes is expected to show significant growth in Vietnam.

Market Segmentation by Baking Material

The polypropylene is expected to witness the highest growth in demand during the forecast period. This can be attributed to its properties such as lightweight, high strength and resistance to moisture and chemicals. Polypropylene tapes are widely used in packaging applications due to their ability to withstand various environmental conditions and provide secure sealing. As industries such as e-commerce and logistics continue to grow in Vietnam, the demand for polypropylene adhesive tapes is also expected to increase. Investors and companies should consider investing in this segment for potential growth opportunities in the market.

Market Segmentation by End-Users

The automotive sector is expected to witness the highest demand for adhesive tapes in Vietnam. This can be attributed to the increasing production and sales of automobiles in the country, driven by factors such as rising disposable incomes and government initiatives to promote domestic manufacturing. Adhesive tapes are widely used in various automotive applications such as body panel bonding, interior trim attachment, and wire harnessing due to their high bonding strength and resistance to extreme temperatures and harsh environments. As the automotive industry continues to grow in Vietnam, the demand for adhesive tapes is also likely to increase, making this segment a lucrative opportunity for investors and companies operating in the market.

• Key Attractiveness of the Report
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Markets Covered

The Vietnam Adhesive Tapes Market report provides a detailed analysis of the following market segments

By Resin Types

• Acrylic
• Epoxy
• Rubber-based
• Silicone
• Polyurethane
• Others

By Technology Types

• Water-based
• Solvent-based
• Hot-melt
• Reactive
• Others

By Baking Material

• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Paper
• Others

By End-users

• Automotive
• Health Care
• Appliances
• Others