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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Architectural Coatings Market Size
The Vietnam architectural coatings market reached approximately USD 436.78 million in 2023. The market is projected to grow at a CAGR of 4.30% between 2024 and 2032, reaching a value of around USD 638.96 million by 2032.
Vietnam Architectural Coatings Market Outlook
- 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.
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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Key Questions Answered in the Report
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 638.96 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.
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