Vietnam Construction Materials Market (2025-2031) | Companies, Share, Revenue, Challenges, Demand, Supply, Segmentation, Consumer Insights, Forecast, Growth, Competitive, Restraints, Analysis, Pricing Analysis, Drivers, Trends, Segments, Competition, Industry, Size, Value, Outlook, Opportunities, Investment Trends, Strategic Insights, Strategy
Market Forecast By Material Type (Cement, Steel, Wood, Concrete, Glass), By Application (Residential Construction, Commercial Construction, Industrial Construction, Infrastructure Development, Renovation Projects), By End User (Construction Companies, Contractors, Government Agencies, Real Estate Developers, Architects), By Form (Powder, Solid, Liquid, Granules, Blocks), By Distribution Channel (Direct Sales, Distributors, Online Retail, Specialty Stores, Wholesale Suppliers) And Competitive Landscape
| Product Code: ETC12941108 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Vietnam Construction Materials Market Growth Rate
According to 6Wresearch internal database and industry insights, the Vietnam Construction Materials Market is projected to witness steady growth, registering a compound annual growth rate (CAGR) of approximately 8.9% during the forecast period (2025–2031).
Vietnam Construction Materials Market Highlights
| Report Name | Vietnam Construction Materials Market |
| Forecast period | 2025-2031 |
| CAGR | 8.9% |
| Growing Sector | Infrastructure and Industrial Construction |
Topics Covered in the Vietnam Construction Materials Market Report
The Vietnam Construction Materials Market report comprehensively covers the market by product type and application. The report provides a detailed, data-driven analysis of the market trends, growth opportunities, and market drivers, enabling stakeholders to align their strategies with future growth prospects.
Five-Year Growth Trajectory of the Vietnam Construction Materials Market with Core Drivers
Below mentioned are the evaluation of year-wise growth rate along with key drivers:
| Years | Est. Annual Growth | Growth Drivers |
| 2020 | 0.021 | Weak project initiation due to financial and logistical bottlenecks. |
| 2021 | 0.034 | Gradual rebound in residential housing and industrial parks. |
| 2022 | 0.056 | Acceleration of government-funded infrastructure, including expressways and bridges. |
| 2023 | 0.068 | Urban redevelopment and smart city projects raising material requirements. |
| 2024 | 0.082 | Expansion of industrial clusters and transportation corridors fostering higher consumption of high-performance materials. |
Vietnam Construction Materials Market Synopsis
The Vietnam Construction Materials Market growth is estimated to gain traction in the coming years, driven by various factors such as large-scale infrastructure development and industrial expansion. Rising residential construction is another major factor proliferating the growth of the market. Additionally, the demand for durable and cost-efficient materials like cement, concrete bricks, construction aggregates, and metals is on the rise with the growing urban population and foreign investment.
Evaluation of Growth Drivers in the Vietnam Construction Materials Market
Below mentioned are some prominent drivers and their influence to the market dynamics:
| Drivers | Primary Segments Affected | Why It Matters (Evidence) |
| Infrastructure Investment and Public Projects | Cement; Construction Aggregates | The demand for materials is increasing with the growing spending on national highways, ports, and industrial zones. |
| Urbanization and Housing Expansion | Concrete Bricks; Construction Metals | Construction material consumption is increasing with the growing rapid rise in middle-income population. |
| Industrialization and FDI Inflows | Construction Aggregates; Metals | The demand for raw construction materials is on the rise due to foreign investments in manufacturing hubs. |
| Sustainable Construction Practices | Cement; Concrete Bricks | Green building policies and energy-efficient construction are encouraging use of eco-friendly materials. |
| Technological Integration | All Product Types | Adoption of Building Information Modelling (BIM) and prefabrication has improved efficiency. |
The Vietnam Construction Materials Market is expected to expand steadily at a CAGR of 8.9% from 2025 to 2031. The rapid expansion of infrastructure and transportation networks and increasing urbanization are contributing to the growth of the market. Growing industrial development across the country is another major factor estimated to boost the industry expansion. Also, the construction activities have been increasing in the country, as the inflow of foreign direct investment (FDI) into industrial zones and manufacturing hubs is increasing. Additionally, continuous population growth and urban migration are stimulating the residential and commercial sectors, which are further proliferating the demand for construction materials. Lastly, Vietnam’s focus on sustainable construction practices—such as the adoption of low-carbon cement, recycled materials, and energy-efficient building solutions—is further driving growth.
Evaluation of Restraints in the Vietnam Construction Materials Market
Below mentioned are some major restraints and their influence to the market dynamics:
| Restraints | Primary Segments Affected | What This Means (Evidence) |
| Raw Material Price Fluctuations | All Product Types | Instability in limestone, steel, and sand prices affects profit margins. |
| Environmental Regulations and Quarry Limitations | Cement; Aggregates | Stringent extraction norms have limited quarrying operations, increasing reliance on imports. |
| Supply Chain and Logistics Issues | Aggregates; Bricks | Inconsistent regional connectivity raises distribution costs for bulk construction materials. |
| Skilled Labor Shortage | All Product Types | Lack of skilled professionals delays project completion. |
| Energy Cost Volatility | Cement; Metals | High energy consumption in cement and metal production impacts overall pricing stability. |
Vietnam Construction Materials Market Challenges
Despite the positive outlook, the market faces numerous challenges such as raw material scarcity and inconsistent regulatory frameworks. Heavy reliance on imports for key components is another major challenge affecting market growth. Other challenges include high logistics costs, slow modernization of manufacturing facilities, and rising environmental compliance costs, all of which constrain the overall market expansion.
Vietnam Construction Materials Market Trends
Some emerging trends shaping the market landscape are:
- Sustainable Materials Adoption: Rising focus on eco-friendly materials like low-carbon cement and recycled aggregates to reduce environmental impact.
- Digital and Modular Construction: Increased implementation of BIM and modular building techniques to improve efficiency and reduce timelines.
- Urban Redevelopment and Smart Infrastructure: Expansion of metropolitan areas and smart city projects driving higher-quality material demand.
Investment Opportunities in the Vietnam Construction Materials Industry
Some of the key investment opportunities in the Vietnam Construction Materials Market are:
- Cement and Aggregate Production Plants: Expansion of local manufacturing capacities to meet growing infrastructure needs.
- Eco-Friendly Materials Production: Opportunities in green building materials, recycled aggregates, and low-carbon cement production.
- Industrial Park and Infrastructure Projects: Rising investments in logistics corridors and industrial estates offering long-term opportunities for material suppliers.
Top 5 Leading Companies in the Vietnam Construction Materials Market
Here is a comprehensive list of key players dominating the Vietnam Construction Materials Market Share:
1. Vietnam Cement Industry Corporation (VICEM)
| Company Name | Vietnam Cement Industry Corporation (VICEM) |
|---|---|
| Headquarters | Hanoi, Vietnam |
| Established Year | 1979 |
| Official Website | Click Here |
VICEM is one of Vietnam’s largest state-owned enterprises, specializing in the production and distribution of cement and clinker. It plays a central role in supporting the nation’s infrastructure development by supplying high-quality cement for residential, commercial, and industrial projects.
2. FICO Tay Ninh Cement Joint Stock Company
| Company Name | FICO Tay Ninh Cement Joint Stock Company |
|---|---|
| Headquarters | Tay Ninh Province, Vietnam |
| Established Year | 2004 |
| Official Website | Click Here |
FICO Tay Ninh Cement is a major producer of Portland cement and blended cement products. The company is known for maintaining advanced manufacturing processes and adhering to stringent quality standards.
3. The Vissai Cement Group
| Company Name | The Vissai Cement Group |
|---|---|
| Headquarters | Ninh Binh Province, Vietnam |
| Established Year | 2005 |
| Official Website | Click Here |
The Vissai Cement Group is a leading private cement manufacturer and exporter, supplying materials for both domestic infrastructure projects and international markets.
4. Ha Tien 1 Cement Joint Stock Company
| Company Name | Ha Tien 1 Cement Joint Stock Company |
|---|---|
| Headquarters | Ho Chi Minh City, Vietnam |
| Established Year | 1964 |
| Official Website | Click Here |
Ha Tien 1 Cement is a pioneer in the Vietnamese construction materials sector, producing a wide range of cement products used in housing, infrastructure, and industrial projects.
5. Viglacera Corporation
| Company Name | Viglacera Corporation |
|---|---|
| Headquarters | Hanoi, Vietnam |
| Established Year | 1974 |
| Official Website | Click Here |
Viglacera Corporation is a prominent building materials manufacturer, producing glass, tiles, bricks, and other construction materials. The company focuses on sustainable and energy-efficient products.
Government Regulations Introduced in the Vietnam Construction Materials Market
According to Vietnamese government data, the market growth has been reshaped by several initiatives. These initiatives and policies have been introduced to ensure quality and safety in construction. For example, the National Green Growth Strategy and the Law on Construction encourage the adoption of eco-friendly construction materials and strengthen regulatory oversight for quality assurance in cement and metal products. The demand for construction materials is estimated to increase with the growing residential and industrial construction practices under initiatives like the National Housing Development Strategy 2025 and Public Infrastructure Investment Program. These regulations emphasize domestic production enhancement, environmental compliance, and the use of recycled materials.
Future Insights of the Vietnam Construction Materials Market
The future of the Vietnam Construction Materials Market appears optimistic, driven by various ongoing and upcoming trends such as industrial and infrastructure development, smart city projects, and rising foreign investment. The expansion of the manufacturing landscape will continue to increase the demand for construction materials. Additionally, the rising incorporation of green building standards and digital technologies will improve efficiency and sustainability. The focus on domestic production, urban redevelopment, and housing initiatives is expected to further boost Vietnam Construction Materials Market share.
Market Segmentation Analysis
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Cement to Dominate the Market – By Product Type
According to Shivani Sharma, Senior Research Analyst, 6Wresearch, Cement is expected to dominate the Vietnam Construction Materials Market due to its wide-scale use in public infrastructure, industrial projects, and residential construction. The increasing number of expressways, high-rise buildings, and hydropower projects has fueled cement consumption. Continuous development of domestic production facilities and technological advancements are strengthening this segment’s dominance.
Residential Sector to Lead the Market – By Application
The residential segment is projected to lead the market owing to rapid urban migration, government housing programs, and rising disposable income. Increased demand for durable and energy-efficient homes is driving adoption of advanced construction materials. This growth is further reinforced by smart city projects and rising private investment in residential infrastructure.
Key Attractiveness of the Report
- 10 Years Market Numbers
- Historical Data Starting from 2021 to 2024
- Base Year: 2024
- Forecast Data until 2031
- Key Performance Indicators Impacting the Market
- Major Upcoming Developments and Projects
Key Highlights of the Report:
- Vietnam Construction Materials Market Outlook
- Market Size of Vietnam Construction Materials Market,2024
- Forecast of Vietnam Construction Materials Market, 2031
- Historical Data and Forecast of Vietnam Construction Materials Revenues & Volume for the Period 2021-2031
- Vietnam Construction Materials Market Trend Evolution
- Vietnam Construction Materials Market Drivers and Challenges
- Vietnam Construction Materials Price Trends
- Vietnam Construction Materials Porter's Five Forces
- Vietnam Construction Materials Industry Life Cycle
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Material Type for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Cement for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Steel for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Wood for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Concrete for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Glass for the Period 2021 - 2029
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Residential Construction for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Commercial Construction for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Industrial Construction for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Infrastructure Development for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Renovation Projects for the Period 2021 - 2029
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By End User for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Construction Companies for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Contractors for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Government Agencies for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Real Estate Developers for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Architects for the Period 2021 - 2029
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Form for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Powder for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Solid for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Liquid for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Granules for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Blocks for the Period 2021 - 2029
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Direct Sales for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Distributors for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Online Retail for the Period 2021-2031
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Specialty Stores for the Period 2021 - 2029
- Historical Data and Forecast of Vietnam Construction Materials Market Revenues & Volume By Wholesale Suppliers for the Period 2021 - 2029
- Vietnam Construction Materials Import Export Trade Statistics
- Market Opportunity Assessment By Material Type
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By End User
- Market Opportunity Assessment By Form
- Market Opportunity Assessment By Distribution Channel
- Vietnam Construction Materials Top Companies Market Share
- Vietnam Construction Materials Competitive Benchmarking By Technical and Operational Parameters
- Vietnam Construction Materials Company Profiles
- Vietnam Construction Materials Key Strategic Recommendations
Market Covered
The report provides a detailed analysis of the following market segments:
By Product Type
- Construction Aggregates
- Concrete Bricks
- Cement
- Construction Metals
By Application
- Residential
- Commercial
- Industrial
Vietnam Construction Materials Market (2025-2031) : FAQ's
The Vietnam Construction Materials Market is projected to grow at a CAGR of approximately 8.9% during 2025–2031.
Cement will dominate due to its extensive use in large-scale infrastructure and residential construction.
Key trends include eco-friendly construction materials, modular building systems, and smart urban infrastructure.
Policies such as the National Housing Development Strategy, Public Infrastructure Investment Program, and Green Growth Strategy 2021–2030 are fueling material demand.
Increasing urban population, affordable housing programs, and smart city development are key factors supporting residential growth.
6Wresearch actively monitors the Vietnam Construction Materials Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Vietnam Construction Materials Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 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 Construction Materials Market Overview |
| 3.1 Vietnam Country Macro Economic Indicators |
| 3.2 Vietnam Construction Materials Market Revenues & Volume, 2021 & 2031F |
| 3.3 Vietnam Construction Materials Market - Industry Life Cycle |
| 3.4 Vietnam Construction Materials Market - Porter's Five Forces |
| 3.5 Vietnam Construction Materials Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
| 3.6 Vietnam Construction Materials Market Revenues & Volume Share, By Application, 2021 & 2031F |
| 3.7 Vietnam Construction Materials Market Revenues & Volume Share, By End User, 2021 & 2031F |
| 3.8 Vietnam Construction Materials Market Revenues & Volume Share, By Form, 2021 & 2031F |
| 3.9 Vietnam Construction Materials Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
| 4 Vietnam Construction Materials Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing urbanization in Vietnam leading to higher demand for construction materials |
| 4.2.2 Government investments in infrastructure development projects |
| 4.2.3 Growing population and rising disposable incomes driving construction activities |
| 4.3 Market Restraints |
| 4.3.1 Fluctuating raw material prices impacting production costs |
| 4.3.2 Regulatory challenges and compliance requirements in the construction industry |
| 4.3.3 Competition from low-cost imported construction materials |
| 5 Vietnam Construction Materials Market Trends |
| 6 Vietnam Construction Materials Market, By Types |
| 6.1 Vietnam Construction Materials Market, By Material Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 Vietnam Construction Materials Market Revenues & Volume, By Material Type, 2021 - 2031F |
| 6.1.3 Vietnam Construction Materials Market Revenues & Volume, By Cement, 2021 - 2031F |
| 6.1.4 Vietnam Construction Materials Market Revenues & Volume, By Steel, 2021 - 2031F |
| 6.1.5 Vietnam Construction Materials Market Revenues & Volume, By Wood, 2021 - 2031F |
| 6.1.6 Vietnam Construction Materials Market Revenues & Volume, By Concrete, 2021 - 2031F |
| 6.1.7 Vietnam Construction Materials Market Revenues & Volume, By Glass, 2021 - 2031F |
| 6.2 Vietnam Construction Materials Market, By Application |
| 6.2.1 Overview and Analysis |
| 6.2.2 Vietnam Construction Materials Market Revenues & Volume, By Residential Construction, 2021 - 2031F |
| 6.2.3 Vietnam Construction Materials Market Revenues & Volume, By Commercial Construction, 2021 - 2031F |
| 6.2.4 Vietnam Construction Materials Market Revenues & Volume, By Industrial Construction, 2021 - 2031F |
| 6.2.5 Vietnam Construction Materials Market Revenues & Volume, By Infrastructure Development, 2021 - 2031F |
| 6.2.6 Vietnam Construction Materials Market Revenues & Volume, By Renovation Projects, 2021 - 2031F |
| 6.3 Vietnam Construction Materials Market, By End User |
| 6.3.1 Overview and Analysis |
| 6.3.2 Vietnam Construction Materials Market Revenues & Volume, By Construction Companies, 2021 - 2031F |
| 6.3.3 Vietnam Construction Materials Market Revenues & Volume, By Contractors, 2021 - 2031F |
| 6.3.4 Vietnam Construction Materials Market Revenues & Volume, By Government Agencies, 2021 - 2031F |
| 6.3.5 Vietnam Construction Materials Market Revenues & Volume, By Real Estate Developers, 2021 - 2031F |
| 6.3.6 Vietnam Construction Materials Market Revenues & Volume, By Architects, 2021 - 2031F |
| 6.4 Vietnam Construction Materials Market, By Form |
| 6.4.1 Overview and Analysis |
| 6.4.2 Vietnam Construction Materials Market Revenues & Volume, By Powder, 2021 - 2031F |
| 6.4.3 Vietnam Construction Materials Market Revenues & Volume, By Solid, 2021 - 2031F |
| 6.4.4 Vietnam Construction Materials Market Revenues & Volume, By Liquid, 2021 - 2031F |
| 6.4.5 Vietnam Construction Materials Market Revenues & Volume, By Granules, 2021 - 2031F |
| 6.4.6 Vietnam Construction Materials Market Revenues & Volume, By Blocks, 2021 - 2031F |
| 6.5 Vietnam Construction Materials Market, By Distribution Channel |
| 6.5.1 Overview and Analysis |
| 6.5.2 Vietnam Construction Materials Market Revenues & Volume, By Direct Sales, 2021 - 2031F |
| 6.5.3 Vietnam Construction Materials Market Revenues & Volume, By Distributors, 2021 - 2031F |
| 6.5.4 Vietnam Construction Materials Market Revenues & Volume, By Online Retail, 2021 - 2031F |
| 6.5.5 Vietnam Construction Materials Market Revenues & Volume, By Specialty Stores, 2021 - 2031F |
| 6.5.6 Vietnam Construction Materials Market Revenues & Volume, By Wholesale Suppliers, 2021 - 2031F |
| 7 Vietnam Construction Materials Market Import-Export Trade Statistics |
| 7.1 Vietnam Construction Materials Market Export to Major Countries |
| 7.2 Vietnam Construction Materials Market Imports from Major Countries |
| 8 Vietnam Construction Materials Market Key Performance Indicators |
| 8.1 Construction permits issued by local authorities |
| 8.2 Investment in construction projects by the government and private sector |
| 8.3 Construction material price index |
| 8.4 Energy consumption efficiency in construction processes |
| 8.5 Adoption rate of sustainable construction practices |
| 9 Vietnam Construction Materials Market - Opportunity Assessment |
| 9.1 Vietnam Construction Materials Market Opportunity Assessment, By Material Type, 2021 & 2031F |
| 9.2 Vietnam Construction Materials Market Opportunity Assessment, By Application, 2021 & 2031F |
| 9.3 Vietnam Construction Materials Market Opportunity Assessment, By End User, 2021 & 2031F |
| 9.4 Vietnam Construction Materials Market Opportunity Assessment, By Form, 2021 & 2031F |
| 9.5 Vietnam Construction Materials Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
| 10 Vietnam Construction Materials Market - Competitive Landscape |
| 10.1 Vietnam Construction Materials Market Revenue Share, By Companies, 2024 |
| 10.2 Vietnam Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
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