Vietnam Paints & Coatings market is poised to grow at a healthy CAGR during 2018-23 on account of growing demands for paint and varnishes from the construction and manufacturing sectors of the country. Vietnam Paints & Coatings industry recorded total consumption of USD578 million in value terms, during 2018. In addition to this, rapid urbanization as a part of country’s economic growth is resulting in the development of houses, sky scrapers, etc. which would further drive the Vietnam Paints & Coatings market at a prodigious rate, during the forecast period.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2016

Estimated Year: 2018

Forecast Period: 2018-2023

Objective of the Study:

  • To outline, classify and estimate the Vietnam Paints & Coatings market on the basis of resin type, technology, application and regional distribution.
  • To study and forecast the Vietnam market size of the Paints & Coatings, in terms of value and volume.
  • To project the size of Paints & Coatings market, in terms of value and volume, with respect to key resin types such as Acrylic, Alkyd, Epoxy, Polyurethane, Polyester and Others.
  • To understand the regional market structure of Paints & Coatings market, the Vietnam Paints & Coatings market is segmented in four regions, namely – North Vietnam, Central Vietnam and South Vietnam and forecast the market size, in terms of value and volume.
  • To identify the detailed information about the prime factors affecting the Vietnam Paints & Coatings market.
  • To evaluate competitor pricing, average market selling prices and margins in the Vietnam Paints & Coatings market.
  • To examine competitive developments such as expansions, plant capacity, government policy and investments, in the Vietnam Paints & Coatings market.
  • To strategically profile the leading players in the market which are involved in the manufacturing and supply of Paints & Coatings in Vietnam.


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 Vietnam Paints & Coatings market is controlled by these major players, namely–PPG Yung Chi Coatings Co. Ltd., Akzo Nobel Vietnam, Kansai-Alphanam Paint Co., Ltd., Nippon Paint, TOA Paint (Vietnam) Co., Ltd., Jotun Paints (Vietnam) Co., Ltd., Nero Paint Co., Ltd., KOVA, Dong Tam Paint Co., Ltd. and Tison Paint Co. Ltd among others.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading Paints & Coatings manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the types, applications, forms, distribution network, and regional presence of all major Paints & Coatings manufacturers across the country.

TechSci Research calculated the market size for Vietnam Paints & Coatings using a bottom-up approach, where manufacturers’ value sales data for standard resin types (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester and Others) were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, databases such as Vietnam Paint and Ink Association, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

Key Target Audience:

  • Paints & Coatings Manufacturers and Suppliers
  • Resin Types of Paints & Coatings such as Acrylic, Alkyd, Epoxy, Polyurethane, Polyester and Others
  • Research organizations and consulting companies
  • Trade Associations, organizations, forums and alliances related to Paints & Coatings
  • Government bodies such as regulating authorities and policy makers
  • Industry associations
  • Market research and consulting firm

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Paints & Coatings manufacturers, distributors and dealers, customers and policy makers. which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market segment.


Report Scope:

In this report, the Paints & Coatings has been segmented into the following categories in addition to the industry trends which have also been detailed below:

  • Market, by Resin Type:
    • Acrylic
    • Epoxy Resin
    • Alkyd
    • Polyurethane
    • Polyester
    • Others
  • Market, by Technology:
    • Water-Based Technology
    • Solvent-Based Technology
    • High Solids
    • Powder Coating
    • Others
  • Market, by Application:
    • Architectural Application
      • Residential
      • Non-Residential
      • Infrastructure
    • Industrial Application
      • General Industrial
      • Automotive OEM
      • Automotive Refinish
      • Wood Coating
      • Marine Coating
      • Coil Coating
      • Packaging Coating
      • Aerospace Coatings
      • Others
  • Market, by Region:

o    North Vietnam

o    Central Vietnam

o    South Vietnam

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, production plants, market pricing, sales footprint, target customer types, etc.

Company Profiles: Detailed analysis of the major companies present in the Paints & Coatings market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of distributors and dealers across all major countries.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Customer Profiling

  • List of major customers of Paints & Coatings and List of current suppliers of Paints & Coatings.

In case of you can’t find what you are looking for then please get in touch with our custom research team at [email protected]

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

1.     Product Overview 

2.     Research Methodology     

3.     Analyst View         

4.     Voice of Customers          

4.1.   Aided Brand Awareness           

4.2.   Factors Influencing Purchase Decision 

4.3.   Willing to Switch from Existing Brand   

5.     Vietnam Paints & Coatings Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value & Volume

5.2.   Market Share & Forecast

5.2.1. By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester)

5.2.2. By Technology (Water Based & Solvent Based)

5.2.3. By Application (Decorative & Non-Decorative)

5.2.4. By Region (North, Central, South)

5.2.5. By Company

5.3.   Market Attractiveness Index     

6.     Vietnam Decorative Paints Market Outlook          

6.1.   Market Size & Forecast

6.1.1. By Value & Volume          

6.2.   Market Share & Forecast

6.2.1. By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester)

6.2.2. By Technology (Water Based & Solvent Based)

6.2.3. By Company

7.     Vietnam Non-Decorative Paints & Coatings

7.1.   Market Size & Forecast

7.1.1. By Value & Volume

7.2.   Market Share & Forecast

7.2.1. By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester)

7.2.2. By Technology (Water Based & Solvent Based)

7.2.3. By End Use (Wood Coating, Water Proofing & Protective Coatings)

7.2.4. By Company

8.     Market Dynamics

8.1.   Drivers

8.2.   Challenges

9.     Market Trends & Developments

10.  Trade Dynamics

11.  Pricing Analysis

12.  Policy & Regulatory Landscape

13.  Value Chain & Distribution Chain Analysis

14.  Raw Material Analysis

15.  Competitive Landscape

15.1.  Competitive Benchmarking

15.2.  Company Profiles

15.2.1.   4 Oranges Co Ltd

15.2.2.   International Paint Singapore Pte Ltd

15.2.3.   TOA Paint (Vietnam) Co. Ltd.

15.2.4.   Nippon Paint (Vietnam) Co. Ltd

15.2.5.   Jotun Paints (Vietnam) Co. Ltd.

15.2.6.   Oseven Corporation

15.2.7.   Kova Group Ltd

15.2.8.   Adora Paints (Vietnam) Co., Ltd

15.2.9.   Hai Phong Paint Joint Stock Company

15.2.10. Kansai Alphanam Paint Co. Ltd.

16.  Strategic Recommendations

  • Figure 1: Vietnam Paints & Coatings Market Size, By Value (USD Million), By Volume (‘000 Metric Tons), 2012-2022F

    Figure 2: Urban Middle Class Population in Vietnam, 2012 & 2020F (Million)

    Figure 3: GDP (Gross Domestic Product) Growth Rate

     in Vietnam, 2012-2017 (Percentage)

    Figure 4: FDI (Foreign Direct Investment) in Vietnam, By Value, 2010-2016, (USD Billion)

    Figure 5: Household Growth in Vietnam, 2015 & 2020F, (Million Units)

    Figure 6: Vietnam Urban Population Share in Total Population (%)

    Figure 7: Vietnam Paints & Coatings Market Share, By Resin Type, By Volume, 2016 & 2022F

    Figure 8: Vietnam Paints & Coatings Market Size, By Technology, By Volume, 2012-2022F (‘000 Metric Tons)

    Figure 9: Vietnam Paints & Coatings Market Share, By Technology, By Volume, 2012-2022F

    Figure 10: Vietnam Paints & Coatings Market Size, By Application, By Value, 2012-2022F (USD Million)

    Figure 11: Vietnam Paints & Coatings Market Share, By Application, By Value, 2012-2022F

    Figure 12: Vietnam Paints & Coatings Market Share, By Region, By Value, 2016 & 2022F

    Figure 13: Vietnam Paints & Coatings Market Size, By Company, By Value, 2016 & 2022F

    Figure 14: Vietnam Paints & Coatings Market Attractiveness Index, By Technology, By Volume, 2017E-2022F

    Figure 15: Vietnam Paints & Coatings Market Attractiveness Index, By Application, By Value,2017E-2022F

    Figure 16: Vietnam Decorative Paints & Coatings Market Size, By Value (USD Million), By Volume (‘000 Metric Tons) 2012-2022F

    Figure 17: Funds Provided by World Bank for Infrastructure Projects in Vietnam, 2013-2016 (USD Million)

    Figure 18: Major Upcoming Transport Projects in Vietnam, 2015-2020

    Figure 19: Vietnam Decorative Paints & Coatings Market Share, By Resin Type, By Volume, 2016 & 2022F

    Figure 20: Vietnam Decorative Paints & Coatings Market Size, By Technology, By Volume, 2012-2022F (‘000 Metric Tons)

    Figure 21: Vietnam Decorative Paints & Coatings Market Share, By Technology, By Volume, 2012-2022F

    Figure 22: Vietnam Decorative Paints & Coatings Market Size, By Company, By Value, 2016 & 2022F

    Figure 23: Vietnam Non-Decorative Paints & Coatings Market Size, By Value (USD Million), By Volume (‘000 Metric Tons) 2012-2022F

    Figure 24: Vietnam Wood & Furniture Export, By Value, 2011-2015 & 2020F (USD Billion)

    Figure 25: Production of Passenger Cars in Vietnam, 2011-2016, (Units)

    Figure 26: Production of Heavy Trucks in Vietnam, 2011-2016, (Units)

    Figure 27: Sales of All Types New Vehicles in Vietnam, 2006-2016, (Units)

    Figure 28: Vietnam Non-Decorative Paints & Coatings Market Share, By Resin Type, By Volume, 2016 & 2022F

    Figure 29: Vietnam Non-Decorative Paints & Coatings Market Size, By Technology, By Volume, 2012-2022F (‘000 Metric Tons)

    Figure 30: Vietnam Non-Decorative Paints & Coatings Market Share, By Technology, By Volume, 2012-2022F

    Figure 31: Vietnam Non-Decorative Paints & Coatings Market Share, By End Use, By Value, 2012-2022F

    Figure 32: Vietnam Seaborn Trade, By Volume, 2013, 2015 & 2020 (USD Million Tons)

    Figure 33: Ship Vessels Production in Vietnam, 2010-2015, (Units)

    Figure 34: Vietnam Electronics & Electrical Equipment Exports, By Value, 2013-2015, (USD Billion)

    Figure 35: Vietnam Non-Decorative Paints & Coatings Market Size, By Company, By Value, 2016 & 2022F

    Figure 36: Vietnam Paints & Coatings Imports, By Country, By Value, 2011-2015 (USD Million)

    Figure 37: Vietnam Paints & Coatings Imports, By Country, By Volume, 2011-2015 (‘000 Metric Tons)

    Figure 38: Vietnam Paints & Coatings Exports, By Country, By Value, 2011-2015 (USD Million)

    Figure 39: Vietnam Paints & Coatings Exports, By Country, By Volume, 2011-2015 (‘000 Metric Tons)

    Figure 40: Vietnam Average Selling Price of Paints & Coatings, 2012-2022F, (USD/Ton)

    Figure 41: Vietnam Average Selling Price of Decorative Paints & Coatings, 2012-2022F, (USD/Ton)

    Figure 42: Vietnam Average Selling Price of Non-Decorative Paints & Coatings, 2012-2022F, (USD/Ton)

    Figure 43: Supply Chain Analysis of Paints

    Figure 44: Raw Material Composition Share of a Paint, By Formulation, By Volume (%)

    Figure 45: Vietnam Paints & Coatings Market Share, By Technology, By Volume, 2016 & 2022F

    Figure 46: Vietnam Paints & Coatings Market Share, By Application, By Value, 2016 & 2022F

     

    List of Tables:

    Table 1: Partial List of Approved Infrastructure Projects in Vietnam

    Table 2: Raw Materials for Paints