Market Forecast By Type (Brass Wires, Brass Rods, Brass Strips), By End User (Meshes, Springs, Cables and Wires, Mechanical Fasteners, Rivets, High-strength Welding Suture, Machines, Automotive) And Competitive Landscape
Product Code: ETC426926 | Publication Date: Oct 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Brass Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 16.38% in 2027, following an initial rate of 14.59%, before easing to 14.69% at the end of the period.
The Brass market in Vietnam is projected to grow at a exponential growth rate of 16.38% 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 Brass market is influenced by the industrial and construction sectors, where brass finds applications in various products. Economic development and infrastructure projects contribute to the demand for brass components in plumbing, electrical, and architectural applications. Global market trends, such as sustainable practices and recycling, impact the brass market in Vietnam. Continuous technological advancements and collaborations between manufacturers and end-users are shaping the competitive landscape of the Vietnam Brass market.
The Vietnam Brass market is influenced by the thriving industrial and construction sectors. The versatility and durability of brass make it a preferred material in various applications, including plumbing, electronics, and architectural elements. Infrastructure development projects and the construction boom in the country are driving the demand for brass products. Additionally, the growth of manufacturing activities has further boosted the market for brass in Vietnam.
The Vietnam Brass market contends with challenges related to raw material costs, global market dynamics, and technological advancements. Fluctuations in the prices of copper and zinc, the primary components of brass, impact production costs and profit margins. The global economic landscape and trade policies can influence the export and import of brass products. Embracing technological advancements in manufacturing processes is essential for staying competitive, but it also requires substantial investments. Navigating these challenges demands a strategic approach to ensure the resilience and growth of the Vietnam Brass market.
The Vietnam brass market faced challenges during the COVID-19 pandemic, with disruptions in manufacturing and supply chain activities. The brass industry, closely tied to sectors such as construction and manufacturing, experienced a decline in demand during lockdowns. Fluctuations in raw material prices and uncertainties in global trade impacted the cost structure for brass manufacturers. As economic activities resumed, recovery in the construction and industrial sectors positively influenced the brass market, but ongoing uncertainties in the business environment continued to shape market dynamics.
The Vietnam Brass market sees the active participation of key players such as Nam Kim Steel Joint Stock Company, Hoa Binh Inox Joint Stock Company, and Vietnam Metal Corporation. These companies are integral to the metal industry, providing high-quality brass products for various applications.
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 Brass Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Brass Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Brass Market - Industry Life Cycle |
3.4 Vietnam Brass Market - Porter's Five Forces |
3.5 Vietnam Brass Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Brass Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Vietnam Brass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Brass Market Trends |
6 Vietnam Brass Market, By Types |
6.1 Vietnam Brass Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Brass Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Brass Market Revenues & Volume, By Brass Wires, 2021-2031F |
6.1.4 Vietnam Brass Market Revenues & Volume, By Brass Rods, 2021-2031F |
6.1.5 Vietnam Brass Market Revenues & Volume, By Brass Strips, 2021-2031F |
6.2 Vietnam Brass Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Brass Market Revenues & Volume, By Meshes, 2021-2031F |
6.2.3 Vietnam Brass Market Revenues & Volume, By Springs, 2021-2031F |
6.2.4 Vietnam Brass Market Revenues & Volume, By Cables and Wires, 2021-2031F |
6.2.5 Vietnam Brass Market Revenues & Volume, By Mechanical Fasteners, 2021-2031F |
6.2.6 Vietnam Brass Market Revenues & Volume, By Rivets, 2021-2031F |
6.2.7 Vietnam Brass Market Revenues & Volume, By High-strength Welding Suture, 2021-2031F |
6.2.8 Vietnam Brass Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.9 Vietnam Brass Market Revenues & Volume, By Automotive, 2021-2031F |
7 Vietnam Brass Market Import-Export Trade Statistics |
7.1 Vietnam Brass Market Export to Major Countries |
7.2 Vietnam Brass Market Imports from Major Countries |
8 Vietnam Brass Market Key Performance Indicators |
9 Vietnam Brass Market - Opportunity Assessment |
9.1 Vietnam Brass Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Brass Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Vietnam Brass Market - Competitive Landscape |
10.1 Vietnam Brass Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Brass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |