The Vietnam architectural coatings market reached approximately USD 436.78 Million in 2024. The market is projected to grow at a CAGR of 4.30% between 2025 and 2034, reaching a value of around USD 665.44 Million by 2034.
Base Year
Historical Year
Forecast Year
Vietnam introduced a new Construction Industry Development Strategy in February 2024 for the year 2030 to 2045 under which it aims to double the urban housing rates by 2030 and construct 1,000,000 housing units exclusively for low-income people, which can fuel the demand for paints and coatings.
Nippon Paint Marine announced in December 2023 that it is expanding its coatings manufacturing operations in Vietnam to meet the growing demand for its marine coatings, in response to the Vietnamese government's investment in the shipbuilding sector.
In November 2023, AkzoNobel launched their Redox powder coatings in Vietnam, which offers resilient corrosion protection for infrastructures.
Value in USD Million
2025-2034
Vietnam Architectural Coatings Market Outlook
*this image is indicative*
The rise of infrastructural projects in Vietnam, increased demand for low-VOC (Volatile Organic Compounds) coatings, and the growth of innovative coatings are some of the key market drivers. Innovations such as self-cleaning coatings and nanotechnology-based coatings are becoming increasingly popular as they enhance durability, reduce maintenance costs, and cater to specific customer needs. Hence, rapid integration of technology is a major driver increasing the demand of Vietnam architectural coatings market. Rising Disposable income is also a key factor in the development of this market as it has led to a rise in expenditure on home improvements and overall aesthetics.
Homeowners and small-scale contractors are increasingly choosing to use DIY coatings because of the wide range of DIY products available, online tutorials, and a desire to save money. Furthermore, the demand for personalised and aesthetically appealing coatings is increasing among Vietnamese customers due to a high demand for textured finishes and a wider range of colour options. Additionally, the shift towards sustainability is boosting market growth. Architectural coatings are incorporating features like thermal insulation that help increase the building’s overall energy efficiency and UV protection to improve durability which has further led to the growth of the Vietnam architectural coatings market.
Rising consumer preference for sustainable products, technological advancements and customisation requirements are expected to influence the Vietnam architectural coatings market value.
There is a growing preference for architectural coatings with low volatile organic compound (VOC) content among the market players as well as the consumers. This change is driven by strict environmental regulations and restrictions coupled with rising consumer awareness. Manufacturers are focusing on developing eco-friendly formulations and using green technologies to meet this demand. This is expected to be a major factor in influencing Vietnam architectural coatings market dynamics and trends.
Hanoi and Ho Chi Minh City are the capital and the largest commercial city in Vietnam respectively and home to some 30% of the total population. The cities are experiencing robust population growth therefore, tremendous pressure has been placed on the infrastructure system of the country. This has in turn generated the requirement for the development of living spaces in those cities booming the architectural coatings market. The surge in construction and renovation has increased the architectural coatings demand.
In recent times, competition in the market has seen significant growth as domestic companies have become very competitive. While the Vietnamese paint and coatings industry has received huge investments in capacity expansions in recent years and MNC producers dominate in the larger cities, domestic companies dominate the market in smaller cities and rural areas. This is because these producers have a better understanding of local consumer preferences and can better tailor their products according to customer liking.
Consumers are increasingly looking for architectural coatings that offer a wide variety of colour palettes, textures and finishes to personalize their living spaces according to their liking. There is a growing focus on enhancing the aesthetics of residential as well as commercials buildings. The trend of hiring interior designers and decorators has contributed to this market and aided in Vietnam architectural coatings market growth.
“Vietnam Architectural Coatings Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Resin
Market Breakup by Technology
Market Breakup by Application
Market Breakup by Region
Based on application, the market is divided into residential and non-residential. As per Vietnam architectural coatings industry analysis, the residential sector holds a major market share owing to the rise of renovation projects and new residential housing, growing investments by homeowners in enhancing the visual appeal of their homes, and supportive government initiatives which promote urban affordable housing. This initiative not only benefits developers and contractors but also provides much-needed housing options for low and middle-income families.
The market players are expanding their product lines to include a wide range of textures, finishes, and colours in their coatings.
Vietnam Architectural Coatings Market Size
Vietnam Architectural Coatings Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market reached an approximate value of USD 436.78 Million.
The market is estimated to grow at a CAGR of 4.30% between 2025 and 2034.
The Vietnam architectural coatings market is estimated to witness a healthy growth during 2025-2034 to reach around USD 665.44 Million by 2034.
The market is being driven due to rise of infrastructural projects in Vietnam, increased demand for low-VOC (Volatile Organic Compounds) coatings, and the growth of innovative coatings.
The key trends aiding the Vietnam architectural coatings market include the burgeoning popularity of DIY coatings, demand for personalised and aesthetically appealing coatings, and the growth of sustainable coatings.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on technology, market segmentations include solvent borne and water borne.
Various applications are residential and non-residential.
The major players in the market are BASF SE, Nippon Paint Holdings Co. Ltd., Jotun A/S, Kansai Paint Co., Ltd., KOVA Paint Co., Ltd., and TOA Paint (Thailand) Public Company Limited, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Resin |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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