The Construction Chemical Market in Vietnam is valued at USD 350 million in the year 2022. The market is projected to grow by leaps and bounds with a CAGR 6.2% through to 2028. The country’s construction Chemical market segments, by product types, include: Concrete Admixture and Cement Grinding Aids; Surface Treatment; Water Proofing; Grouts and Repair and Rehabilitation and the Adhesives and Sealants category according to MarketResearch.com.

The Vietnamese Pain & Coating Market has also shown considerable growth registering in the range of 5.5%-6.5% CAGR between the years 2016 through to 2020 and growing. According to the Vietnam Paint-Printing Ink Association, “the Vietnamese paint and coatings industry is dominated by multinational paint and coatings producers with foreign paint makers accounting for 65% of the market. Under Vietnam’s plan for developing the paint and ink industry, the average growth rate in production value of the paint and ink industry will register a growth of 14% in the period from 2021 to 2030 and the proportion of production value of the paint and ink segment in the whole chemical sector will increase from 11.5% in 2020 to 12% in 2030.”

Similarly, Vietnam surface treatment market is estimated to grow at a single-digit CAGR during the years 2023-2027. Significant demand mainly comes from the ever growing metalworking and construction industries as well as many infrastructure improvement projects along with increasing industrialization. The increasing use of cleaning chemicals in various end-use industries such as transportation, industrial machinery, and aerospace, rising demand for non-electrolytic in nature, and focus on innovating and developing environment-friendly products are some of the other factors, which are expected to propel the demand for surface treatment over the next five years, according to TechSci Research.

We have advised and assisted multinational brands and European chemical manufacturers to establish grounds and navigate through this complex but extremely rewarding marketplace in terms of volume as well as value sales and to capture market share. At GTI Partner, our team’s many years of experience and valuable industry relationships facilitate a seamless market entry and development.