Vietnam Engineering Plastics Market revenue size is projected to grow at a CAGR of 6.2% during 2025-2031

ABS segment by End-User held the highest revenue share in Vietnam Engineering Plastics Market -6Wresearch

The ABS segment led Vietnam engineering plastics market, driven by its cost-performance balance, toughness, and superior finish. Expanding electronics, appliance, and automotive manufacturing under the China+1 shift, rising export-oriented production, and government focus on higher-value plastics further strengthened ABS demand amid growing converter capabilities and industrial modernization.

According to 6Wresearch, the Vietnam Engineering Plastics Market revenue size is projected to grow at a CAGR of 6.2% during 2025-2031. Vietnam engineering plastics market registered expansion, underpinned by rapid growth in the automotive, electronics, and industrial manufacturing sectors. Manufacturing output increased from 2021 to 2023, contributing to GDP. The country has emerged as a key China + 1 manufacturing base, with FDI inflows exceeding annually in 2023–24, and manufacturing retaining the largest share of disbursed investment.

Electronics, computers, and components exports surged more in 2024, alongside phones and components, reinforcing demand for high-performance polymers in precision molding, circuit protection, and thermal applications. Vietnam’s automotive recovery further accelerated the use of engineering plastics. Vehicle sales rebounded in 2022, while national automotive plans target annual production growth through 2030. The auto industry has been projected to reach more number of vehicles/year by 2025 and positioning Vietnam as a competitive regional assembly base.

According to Sumit, Senior Research Analyst, 6Wresearch, the Electrical & Electronics segment held the largest share of Vietnam’s engineering plastics market, driven by expanding electronics manufacturing, demand for lightweight and heat-resistant materials, and rising exports of consumer devices and electrical components across Asia.

Vietnam Engineering Plastics Market (2025-2031) report provides an in-depth analysis with 18 figures and 9 tables, covered in 69 pages. The report thoroughly covers the market by Type and End Use Industry. The Vietnam Engineering Plastics Market outlook report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.