Product Code: ETC017570 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Paints Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 14.28% in 2028, following an initial rate of 12.44%, before easing to 13.02% at the end of the period.
By 2027, the Paints market in Vietnam is anticipated to reach a growth rate of 14.23%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The Vietnam paints market includes various types of paints and coatings used in construction, automotive, industrial, and other sectors for protection, decoration, and functional purposes.
Vietnam rapid urbanization and infrastructure development have driven the demand for paints in the construction sector for residential and commercial buildings. The growth of the automotive industry has increased the demand for automotive paints and coatings. The use of paints and coatings in various industrial applications, such as machinery and equipment, has contributed to the market`s growth. The development of new urban areas and real estate projects has boosted the demand for paints and coatings in the country.
Price sensitivity among consumers and businesses can be a challenge for paint manufacturers and retailers, especially in a competitive market. Compliance with environmental regulations and the demand for eco-friendly and low-VOC paints can be challenging for some paint manufacturers. The availability of imported paints and coatings can impact the market share of domestic manufacturers.
The COVID-19 pandemic could have had various impacts on the Vietnam paints market. Disruptions in supply chains and logistical challenges during lockdowns might have affected the production and distribution of paints. The pandemic`s economic impact might have influenced construction activities, automotive sales, and industrial projects, affecting the demand for paints in these sectors. Additionally, changes in consumer spending patterns during the pandemic could have impacted the demand for paints for residential and commercial projects.
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 Paints Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Paints Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Paints Market - Industry Life Cycle |
3.4 Vietnam Paints Market - Porter's Five Forces |
3.5 Vietnam Paints Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.6 Vietnam Paints Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Vietnam Paints Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Paints Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Paints Market Trends |
6 Vietnam Paints Market, By Types |
6.1 Vietnam Paints Market, By Resin |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Paints Market Revenues & Volume, By Resin, 2021-2031F |
6.1.3 Vietnam Paints Market Revenues & Volume, By Acrylic, 2021-2031F |
6.1.4 Vietnam Paints Market Revenues & Volume, By Alkyd, 2021-2031F |
6.1.5 Vietnam Paints Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.6 Vietnam Paints Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.7 Vietnam Paints Market Revenues & Volume, By Polyester, 2021-2031F |
6.2 Vietnam Paints Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Paints Market Revenues & Volume, By Waterborne, 2021-2031F |
6.2.3 Vietnam Paints Market Revenues & Volume, By Solventborne, 2021-2031F |
6.2.4 Vietnam Paints Market Revenues & Volume, By Powder, 2021-2031F |
6.3 Vietnam Paints Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Paints Market Revenues & Volume, By Architectural, 2021-2031F |
6.3.3 Vietnam Paints Market Revenues & Volume, By Industrial, 2021-2031F |
7 Vietnam Paints Market Import-Export Trade Statistics |
7.1 Vietnam Paints Market Export to Major Countries |
7.2 Vietnam Paints Market Imports from Major Countries |
8 Vietnam Paints Market Key Performance Indicators |
9 Vietnam Paints Market - Opportunity Assessment |
9.1 Vietnam Paints Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.2 Vietnam Paints Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Vietnam Paints Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Paints Market - Competitive Landscape |
10.1 Vietnam Paints Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Paints Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |