Vietnam Paints & Coatings Market 2027 – Size, Growth Trends & Forecast

Vietnam paints & coatings market is poised to grow at a healthy CAGR during the forecast period, 2017-2027. Paints & coatings are widely used across various end-user industries such as construction, automotive, transportation, etc.

The Important Elements of Vietnam Paints & Coatings Market

The market growth can be attributed to the growing demand for paint and varnishes from the construction and manufacturing sectors of the country. In addition, rapid urbanization as a part of the country’s economic growth is resulting in the development of houses, skyscrapers, etc. which is expected to drive Vietnam’s paints & coatings market at a rapid rate during the forecast period.

Besides, an increasing trend of high-tech coatings that include cationic electrocoating materials to protect the metal from corrosion and the emergence of high-performance ceramics is anticipated to boost the growth of Vietnam’s paints & coatings market in the coming years. Additionally, the growing focus of companies on developing sustainable solutions and transforming the industry from solvent-based to water-based coatings is likely to propel the market growth.

Vietnam’s paints & coatings market is segmented on the basis of resin type, technology, application, and region. Based on resin type, the market is divided into acrylic, alkyd, epoxy, polyurethane, polyester, and others. The polyurethane resin segment is expected to generate the highest revenue due to abrasion-resistant and corrosion-resistant properties. However, the acrylic segment is expected to register the fastest growth in the forecast period due to their growing application for architectural coatings of interior and exterior walls, windows, and panels. Based on technology, the water-borne coatings segment is likely to hold the dominant share in the market due to its increased usage in automobiles, furniture, plastic, wood, and printing inks industries.

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Vietnam’s paints & coatings market is controlled by these major players, namely

• PPG Yung Chi Coatings Co. Ltd.
• Akzo Nobel Vietnam
• Kansai-Alphanam Paint Co., Ltd.
• Nippon Paint
• TOA Paint (Vietnam) Co., Ltd.
• Jotun Paints (Vietnam) Co., Ltd.
• Nero Paint Co., Ltd.
• KOVA
• Dong Tam Paint Co., Ltd.
• Tison Paint Co. Ltd., among others.

Report Scope:

In this report, the Vietnam paints & coatings market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

• Vietnam’s Paints & Coatings Market, by Resin Type:

o    Acrylic

o    Epoxy Resin

o    Alkyd

o    Polyurethane

o    Polyester

• • Others
• Vietnam Paints & Coatings Market, by Technology:
  • Water-Based Technology
  • Solvent-Based Technology
  • High Solids
  • Powder Coating
  • Others
• Vietnam’s Paints & Coatings Market, by Application:
  • Architectural Application
    • Residential
    • Non-Residential
    • Infrastructure
  • Industrial Application
    • General Industrial
    • Automotive OEM
    • Automotive Refinish
    • Wood Coating
    • Marine Coating
    • Coil Coating
    • Packaging Coating
    • Aerospace Coatings
    • Others
• Vietnam Paints & Coatings Market, by Region:

o    North Vietnam

o    Central Vietnam

o    South Vietnam

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, production plants, market pricing, sales footprint, target customer types, etc.

Company Profiles: Detailed analysis of the major companies present in the Vietnam’s paints & coatings market.

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Table of Content

Product Overview

2. Research Methodology
3. Analyst View
4. Vietnam Paints & Coatings Market Outlook

4.1.    Demand & Supply Analysis

4.2.    Market Size

4.2.1.  By Value

4.2.2.  By Volume

4.3.    Market Share & Forecast

4.3.1.  By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester and Others)

4.3.2.  By Technology (Water-Based Technology, Solvent-Based Technology, High Solids, Powder Coating and Others)

4.3.3.  By Application (Architectural Application & Industrial Application)

4.3.4.  By Region (North Vietnam, Central Vietnam and South Vietnam)

4.3.5.  By Company

5. Vietnam Paints & Coatings Market Segmental Analysis

5.1.    Vietnam Acrylic Paints & Coatings Market Outlook

5.1.1.  Market Size & Forecast

5.1.1.1. By Value

5.1.1.2. By Volume

5.1.2.  Market Share & Forecast

5.1.2.1.      By Company (At least top 3 companies market shares)

5.2.    Vietnam Alkyd Paints & Coatings Laminates Market Outlook

5.2.1.  Market Size & Forecast

5.2.1.1. By Value

5.2.1.2. By Volume

5.2.2.  Market Share & Forecast

5.2.2.1.      By Company (At least top 3 companies market shares)

5.3.    Vietnam Epoxy Paints & Coatings Market Outlook

5.3.1.  Market Size & Forecast

5.3.1.1. By Value

5.3.1.2. By Volume

5.3.2.  Market Share & Forecast

5.3.2.1.      By Company (At least top 3 companies market shares)

5.4.    Vietnam Polyurethane Paints & Coatings Market Outlook

5.4.1.  Market Size & Forecast

5.4.1.1. By Value

5.4.1.2. By Volume

5.4.2.  Market Share & Forecast

5.4.2.1.      By Company (At least top 3 companies market shares)

5.5.    Vietnam Polyester Paints & Coatings Market Outlook

5.5.1.  Market Size & Forecast

5.5.1.1. By Value

5.5.1.2. By Volume

5.5.2.  Market Share & Forecast

5.5.2.1.      By Company (At least top 3 companies market shares)

6. Value Chain Analysis
7. Pricing Analysis
8. Raw Material Analysis
9. Market Dynamics

9.1.    Drivers

9.2.    Challenges