Market Forecast By Types (Aluminum Sheet/Strip, Aluminium Foil), By End-Use Industry (Automotive & Transportation, Automotive, Aerospace, Ship building, Building & Infrastructure, Packaging, Consumer Durables, Others) And Competitive Landscape
Product Code: ETC028070 | Publication Date: Aug 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Vietnam Aluminum rolling and drawing Market |
Forecast period | 2025-2031 |
Market Size | USD 1.9 Billion by 2031 |
CAGR | 5.9% |
Growing Sector | Automotive |
The Vietnam Aluminum Rolling and Drawing market report thoroughly covers the market by type and by end use industry. The report provides an unbiased and detailed analysis of the on-going 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.
In 2025, the Vietnam Aluminum Rolling and Drawing market is valued at approximately $ 1.3 billion, with a projected compound annual growth rate (CAGR) of 5.9% over the next five years. Additionally, by 2031, the market is expected to reach around $ 1.9 billion. The automotive sector holds significant position in the overall market.
The aluminum rolling and drawing market in Vietnam is experiencing robust growth, fueled by the increasing demand across various industries, including automotive, construction, and packaging. The automotive sector’s shift towards lightweight materials, especially in electric vehicles (EVs), is a key driver, as aluminum is crucial for reducing vehicle weight and improving fuel efficiency. In construction, aluminum’s use in energy-efficient and sustainable building materials such as windows, facades, and roofing is expanding due to the country’s rapid urbanization and infrastructure development. Additionally, the packaging industry is increasingly adopting aluminum for its recyclability and preservation properties. With a strong industrial base, favorable government policies, and growing environmental consciousness, the aluminum rolling and drawing market in Vietnam is expected to continue its upward trajectory in the coming years.
According to 6Wresearch, Vietnam Aluminum Rolling and Drawing market size is projected to grow at a CAGR of 5.9% during 2025-2031. The growth of the aluminum rolling and drawing market in Vietnam is driven by several key factors, including the rapid expansion of the automotive sector, which increasingly relies on aluminum to reduce vehicle weight and improve fuel efficiency, especially for electric vehicles (EVs). The construction industry’s shift towards sustainable and energy-efficient materials further fuels the demand for aluminum in building products like windows, facades, and roofing.
Additionally, the growing preference for recyclable and durable aluminum in packaging is boosting the market. However, the Vietnam Aluminum Rolling and Drawing industry faces challenges such as the high energy consumption of aluminum production processes, which require significant investments in energy-efficient technologies. The reliance on imported raw materials can also impact costs and supply chain stability. Furthermore, although the market is expanding, competition from other regional producers and fluctuations in global aluminum prices pose risks to profit margins. Despite these challenges, the market is poised for continued growth due to the country's developing industrial base, urbanization, and focus on sustainability.
Key companies in the Vietnam aluminum rolling and drawing market include Hoa Sen Group, a leading producer of aluminum products, primarily catering to the construction and automotive industries with a focus on sustainable and energy-efficient materials. Viet Phat Aluminum, another major player, specializes in manufacturing aluminum sheets and coils for both domestic and international markets, with applications in construction, packaging, and automotive sectors. Dong A Aluminum, known for its extensive range of aluminum products, including foils, sheets, and coils, serves industries such as packaging and construction. Aluminum Vietnam Co. Ltd. is also a significant contributor, producing high-quality aluminum products for automotive, electronics, and industrial applications. These companies are positioning themselves as key players by embracing technological advancements, expanding production capacity, and prioritizing sustainability in their operations to meet the growing demand for aluminum products in Vietnam.
Government regulations in the Vietnam aluminum rolling and drawing market are largely shaped by environmental protection laws and industry standards aimed at promoting sustainable practices. The Vietnam Ministry of Natural Resources and Environment enforces regulations related to waste management, air quality control, and emissions from industrial processes, ensuring that aluminum manufacturers comply with national environmental standards.
Additionally, the Vietnam Environment Protection Law mandates the reduction of industrial pollution and promotes recycling, encouraging aluminum producers to adopt energy-efficient technologies and sustainable production methods. The government also supports the development of green industries through incentives, aligning with the broader Vietnam Green Growth Strategy, which focuses on reducing carbon emissions and promoting sustainable materials. Furthermore, regulations related to the use of aluminum in construction and packaging are continuously evolving to support eco-friendly building practices and recyclable packaging solutions. These regulatory frameworks are helping shape the future of the aluminum industry, pushing companies to prioritize environmental responsibility alongside growth.
The future of the Vietnam aluminum rolling and drawing market looks promising, with continued growth driven by the expanding automotive, construction, and packaging sectors. As the demand for electric vehicles (EVs) increases, the need for lightweight aluminum components will continue to rise, particularly for body panels, battery casings, and structural elements. The construction sector’s focus on sustainability and energy-efficient materials will further boost the use of aluminum in building projects, such as eco-friendly facades, windows, and roofing. Additionally, the growing shift towards recyclable packaging materials will drive further demand in the packaging industry. With government support for green initiatives and advancements in aluminum production technologies, including energy-efficient methods and new alloy developments, the aluminum market in Vietnam is well-positioned for sustained growth.
According to Ravi Bhandari, Research Head, 6Wresearch, the aluminum sheet category in Vietnam is experiencing strong growth, driven by the rising demand from key sectors such as construction, automotive, and packaging. In construction, aluminum sheets are increasingly used for energy-efficient building materials, including roofing, cladding, and facades, due to their lightweight, durable, and corrosion-resistant properties. The automotive industry is also a major contributor to growth, with aluminum sheets used in vehicle body panels to reduce weight and enhance fuel efficiency. Additionally, the packaging industry’s preference for recyclable materials is fueling the demand for aluminum sheets, particularly in food and beverage packaging.
The automotive end-user segment in Vietnam’s aluminum market is experiencing significant growth, primarily driven by the shift toward lightweight materials that improve fuel efficiency, reduce emissions, and enhance vehicle performance. Aluminum is increasingly used in the manufacturing of car body panels, engine components, and chassis, as it helps reduce vehicle weight and contributes to meeting stricter environmental standards. With the growing adoption of electric vehicles (EVs) in the region, aluminum's role becomes even more critical, as it supports better battery efficiency and overall vehicle performance.
The Vietnam Aluminum Rolling and Drawing market report provides a detailed analysis of the following market segments -
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Aluminum rolling and drawing Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Aluminum rolling and drawing Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Aluminum rolling and drawing Market - Industry Life Cycle |
3.4 Vietnam Aluminum rolling and drawing Market - Porter's Five Forces |
3.5 Vietnam Aluminum rolling and drawing Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Vietnam Aluminum rolling and drawing Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Vietnam Aluminum rolling and drawing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Aluminum rolling and drawing Market Trends |
6 Vietnam Aluminum rolling and drawing Market, By Types |
6.1 Vietnam Aluminum rolling and drawing Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Aluminum rolling and drawing Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Vietnam Aluminum rolling and drawing Market Revenues & Volume, By Aluminum Sheet/Strip, 2021-2031F |
6.1.4 Vietnam Aluminum rolling and drawing Market Revenues & Volume, By Aluminium Foil, 2021-2031F |
6.2 Vietnam Aluminum rolling and drawing Market, By End-Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Aluminum rolling and drawing Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.3 Vietnam Aluminum rolling and drawing Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Vietnam Aluminum rolling and drawing Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.5 Vietnam Aluminum rolling and drawing Market Revenues & Volume, By Ship building, 2021-2031F |
6.2.6 Vietnam Aluminum rolling and drawing Market Revenues & Volume, By Building & Infrastructure, 2021-2031F |
6.2.7 Vietnam Aluminum rolling and drawing Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.8 Vietnam Aluminum rolling and drawing Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Vietnam Aluminum rolling and drawing Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Aluminum rolling and drawing Market Import-Export Trade Statistics |
7.1 Vietnam Aluminum rolling and drawing Market Export to Major Countries |
7.2 Vietnam Aluminum rolling and drawing Market Imports from Major Countries |
8 Vietnam Aluminum rolling and drawing Market Key Performance Indicators |
9 Vietnam Aluminum rolling and drawing Market - Opportunity Assessment |
9.1 Vietnam Aluminum rolling and drawing Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Vietnam Aluminum rolling and drawing Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Vietnam Aluminum rolling and drawing Market - Competitive Landscape |
10.1 Vietnam Aluminum rolling and drawing Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Aluminum rolling and drawing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |