Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Vietnam Architectural Coatings Market Growth

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.

 

Vietnam Architectural Coatings Market Report Snapshots

Vietnam Architectural Coatings Market Size

Vietnam Architectural Coatings Market Growth

Vietnam Architectural Coatings Market Share

Vietnam Architectural Coatings Companies

 

*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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Outline the Scope

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 436.78 million.

The market is estimated to grow at a CAGR of 4.30% between 2024 and 2032.

The Vietnam architectural coatings market is estimated to witness a healthy growth during 2024-2032 to reach around USD 638.96 million by 2032.

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.

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