Product Code: ETC343050 | 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 Production Chemicals Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 11.31% in 2025, climbs to a high of 13.47% in 2028, and moderates to 12.65% by 2029.
The Production Chemicals market in Vietnam is projected to grow at a high growth rate of 13.16% 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 production chemicals market serves various industries, including oil and gas, chemicals, and manufacturing. Production chemicals are crucial for process optimization, corrosion control, and maintenance in industrial operations. As Vietnam industrial base expands, the demand for production chemicals has grown. The oil and gas sector, in particular, relies heavily on these chemicals for efficient production. The market is likely to see sustained growth as industries prioritize operational efficiency and safety.
The Vietnam production chemicals market is closely linked to the country`s manufacturing and industrial sectors. As Vietnam becomes a prominent manufacturing hub in Southeast Asia, the demand for production chemicals such as lubricants, solvents, and corrosion inhibitors has surged. The need for efficient and cost-effective chemical solutions to improve industrial processes and product quality is a key driver of this market.
The Vietnam production chemicals market confronts challenges associated with industry-specific regulations and product customization. Adhering to safety and quality standards in industries such as oil and gas or manufacturing is crucial. Additionally, customizing production chemicals to meet the specific needs of different industrial processes requires ongoing research and development efforts. Market players must also address concerns related to the environmental impact of production chemicals and promote sustainable practices.
The COVID-19 pandemic significantly affected the Vietnam production chemicals market. As industries and manufacturing operations faced disruptions due to lockdowns and supply chain interruptions, demand for production chemicals saw fluctuations. Many industries, such as automotive and electronics manufacturing, which are major consumers of production chemicals, temporarily ceased or slowed down their operations. This led to reduced demand for chemicals used in production processes. However, with the gradual reopening of businesses and increased emphasis on sanitation and hygiene, there was an uptick in demand for certain chemicals like disinfectants and cleaning agents. Overall, the market experienced volatility, with a shift in product demand patterns.
The Vietnam production chemicals market benefits from the presence of industry leaders like Baker Hughes and Schlumberger Limited. Baker Hughes is a global oilfield services company, offering a wide range of production chemicals for the oil and gas sector. Schlumberger Limited, another major player, provides comprehensive solutions for the energy industry, including production chemicals. These companies play a vital role in supporting Vietnam energy production and exploration efforts with their expertise and products.
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 Production Chemicals Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Production Chemicals Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Production Chemicals Market - Industry Life Cycle |
3.4 Vietnam Production Chemicals Market - Porter's Five Forces |
3.5 Vietnam Production Chemicals Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Production Chemicals Market Revenues & Volume Share, By Oilfield Type, 2021 & 2031F |
3.7 Vietnam Production Chemicals Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Production Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for chemicals in various industries such as manufacturing, construction, and agriculture in Vietnam. |
4.2.2 Growth in foreign direct investments (FDI) in Vietnam's industrial sector leading to increased production activities. |
4.2.3 Government initiatives and policies promoting industrial growth and innovation in the country. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the cost of production chemicals. |
4.3.2 Environmental regulations and concerns leading to the adoption of eco-friendly alternatives. |
4.3.3 Intense competition from global players and local manufacturers in the production chemicals market in Vietnam. |
5 Vietnam Production Chemicals Market Trends |
6 Vietnam Production Chemicals Market, By Types |
6.1 Vietnam Production Chemicals Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Production Chemicals Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Production Chemicals Market Revenues & Volume, By Demulsifiers, 2021-2031F |
6.1.4 Vietnam Production Chemicals Market Revenues & Volume, By Scale Inhibitors, 2021-2031F |
6.1.5 Vietnam Production Chemicals Market Revenues & Volume, By Corrosion Inhibitors, 2021-2031F |
6.1.6 Vietnam Production Chemicals Market Revenues & Volume, By Asphaltene Inhibitors, 2021-2031F |
6.1.7 Vietnam Production Chemicals Market Revenues & Volume, By Biocides, 2021-2031F |
6.1.8 Vietnam Production Chemicals Market Revenues & Volume, By Scavengers, 2021-2031F |
6.1.9 Vietnam Production Chemicals Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Vietnam Production Chemicals Market Revenues & Volume, By Others, 2021-2031F |
6.2 Vietnam Production Chemicals Market, By Oilfield Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Production Chemicals Market Revenues & Volume, By Onshore, 2021-2031F |
6.2.3 Vietnam Production Chemicals Market Revenues & Volume, By Offshore, 2021-2031F |
6.3 Vietnam Production Chemicals Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Production Chemicals Market Revenues & Volume, By Cementing, 2021-2031F |
6.3.3 Vietnam Production Chemicals Market Revenues & Volume, By Production Chemicals, 2021-2031F |
6.3.4 Vietnam Production Chemicals Market Revenues & Volume, By Drilling Fluids, 2021-2031F |
6.3.5 Vietnam Production Chemicals Market Revenues & Volume, By Improved Oil Recovery, 2021-2031F |
6.3.6 Vietnam Production Chemicals Market Revenues & Volume, By Well Stimulation, 2021-2031F |
6.3.7 Vietnam Production Chemicals Market Revenues & Volume, By Work Over and Achievements, 2021-2031F |
7 Vietnam Production Chemicals Market Import-Export Trade Statistics |
7.1 Vietnam Production Chemicals Market Export to Major Countries |
7.2 Vietnam Production Chemicals Market Imports from Major Countries |
8 Vietnam Production Chemicals Market Key Performance Indicators |
8.1 Percentage of industrial output growth in Vietnam. |
8.2 Number of new manufacturing facilities established in Vietnam. |
8.3 Adoption rate of innovative production chemical solutions by Vietnamese industries. |
9 Vietnam Production Chemicals Market - Opportunity Assessment |
9.1 Vietnam Production Chemicals Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Production Chemicals Market Opportunity Assessment, By Oilfield Type, 2021 & 2031F |
9.3 Vietnam Production Chemicals Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Production Chemicals Market - Competitive Landscape |
10.1 Vietnam Production Chemicals Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Production Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |