Product Code: ETC251310 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Chemicals Market is poised for steady growth rate improvements from 2025 to 2029. Commencing at 11.40% in 2025, growth builds up to 13.65% by 2029.
The Chemicals market in Vietnam is projected to grow at a high growth rate of 12.74% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The Vietnam chemicals market encompasses a wide range of chemical products used in various industries, including manufacturing, agriculture, and healthcare. Chemicals serve as raw materials, solvents, and additives in numerous processes and applications. The market supports diverse industries and businesses requiring chemical solutions for their operations.
The Vietnam chemicals market has witnessed growth driven by its wide-ranging applications in various industries, including manufacturing, agriculture, and healthcare. A significant driver is the demand for chemicals known for their role in production processes, agricultural inputs, and pharmaceutical formulations. As industrial and agricultural sectors expand in Vietnam, the market for chemicals has grown to support production, crop protection, and healthcare needs. Moreover, innovations in chemical formulations, safety measures, and environmental compliance have contributed to the growth of this sector.
Challenges in the Vietnam chemicals market include the need for safe and compliant chemical products across various industries. Ensuring chemical quality, regulatory compliance, and addressing environmental and safety concerns while managing production costs are ongoing hurdles. Market players must also stay updated on chemical regulations and industry-specific requirements.
The COVID-19 pandemic significantly influenced the Vietnam chemicals market. Disruptions in manufacturing, supply chain interruptions, and changes in industrial processes affected the production and distribution of various chemical products. However, as industries adapted to new norms and the need for chemicals persisted post-pandemic, the market showed signs of recovery.
Key players in the Vietnam chemicals market include chemical manufacturers such as PetroVietnam Chemicals and relevant companies supplying a wide range of chemical products for various industries.
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 Chemicals Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Chemicals Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Chemicals Market - Industry Life Cycle |
3.4 Vietnam Chemicals Market - Porter's Five Forces |
3.5 Vietnam Chemicals Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Vietnam Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and urbanization in Vietnam leading to higher demand for chemicals across various sectors. |
4.2.2 Government initiatives and investments in infrastructure development stimulating the chemicals market. |
4.2.3 Growing foreign direct investment (FDI) in Vietnam's chemical industry driving market expansion. |
4.3 Market Restraints |
4.3.1 Environmental concerns and regulations impacting the production and usage of chemicals. |
4.3.2 Fluctuating raw material prices affecting the overall cost structure of chemical manufacturers. |
5 Vietnam Chemicals Market Trends |
6 Vietnam Chemicals Market, By Types |
6.1 Vietnam Chemicals Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Chemicals Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Chemicals Market Revenues & Volume, By Agrochemicals, 2021-2031F |
6.1.4 Vietnam Chemicals Market Revenues & Volume, By Dyes and Pigments, 2021-2031F |
6.1.5 Vietnam Chemicals Market Revenues & Volume, By Construction Chemicals, 2021-2031F |
6.1.6 Vietnam Chemicals Market Revenues & Volume, By Specialty Polymers, 2021-2031F |
6.1.7 Vietnam Chemicals Market Revenues & Volume, By Textile Chemicals, 2021-2031F |
6.1.8 Vietnam Chemicals Market Revenues & Volume, By Base Ingredients, 2021-2031F |
6.1.9 Vietnam Chemicals Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Vietnam Chemicals Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Chemicals Market Import-Export Trade Statistics |
7.1 Vietnam Chemicals Market Export to Major Countries |
7.2 Vietnam Chemicals Market Imports from Major Countries |
8 Vietnam Chemicals Market Key Performance Indicators |
8.1 Energy efficiency improvements in chemical production processes. |
8.2 Adoption of sustainable practices and certifications within the chemical industry. |
8.3 Research and development investments in green chemistry and bio-based chemicals. |
8.4 Compliance with safety and quality standards in chemical manufacturing processes. |
9 Vietnam Chemicals Market - Opportunity Assessment |
9.1 Vietnam Chemicals Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Vietnam Chemicals Market - Competitive Landscape |
10.1 Vietnam Chemicals Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |