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Vietnam Architectural Coatings Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028

The Vietnam Architectural Coatings Market is segmented by Sub End User ( Commercial, Residential ) , by Technology ( Solventborne, Waterborne ) and by Resin ( Acrylic, Alkyd, Epoxy, Polyester, Polyurethane )

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Vietnam Architectural Coatings Market Size

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Vietnam Architectural Coatings Market
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svg icon Study Period 2016 - 2028
svg icon Market Size (2024) USD 442.71 Million
svg icon Market Size (2028) USD 514.87 Million
svg icon Largest Share by Sub End User Residential
svg icon CAGR (2024 - 2028) 3.85 %
svg icon Fastest Growing by Sub End User Residential
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Vietnam Architectural Coatings Market Analysis

The Vietnam Architectural Coatings Market size is estimated at USD 442.71 million in 2024, and is expected to reach USD 514.87 million by 2028, growing at a CAGR of 3.85% during the forecast period (2024-2028).

  • Largest Segment by End-user - Residential : The residential segment dominates the architectural coating consumption due to the rapid ris in urbanization rate and the strong growth of housing in city like Ho Chi Minh City.
  • Largest Segment by Technology - Waterborne : The waterbone coating consumption dominated the market as the country is moving towards the low VOC emission coatings by reducing the lead content from 600 ppm to 90 ppm in 2020.
  • Largest Segment by Resin - Acrylic : The acrylic coating has dominated the architectural coating consumption as the country has its houses coated with acrylic coating on the outer surface of the houses.

Vietnam Architectural Coatings Market Trends

This section covers the major market trends shaping the Vietnam Architectural Coatings Market according to our research experts:

Residential is the largest segment by Sub End User.

  • The architectural coatings is one of the major shareholder of around 70% of the total paints and coatings market with residential coating accounting for 66.11% by volume in 2021. The consumption peaked in 2016 and 2017 due to the significant rise in the construction work especially in 聽Ho Chi Minh City were larges scale of housing construction was observed in 2016.
  • The decline of -3.47% in architectural coating consumption was seen in 2020 due to covid-19 and lower new completions in both residential and commercial sector. This trend was followed by only a slight recovery in the consumption in 2021 due to resurgence of 2nd wave of covid-19 in the country. The significant growth in 2022 due to the normalizing covid-19 scenario and positive developments in the housing starts and commercial constructions.
  • The increase in consumption and sales is expected to grow at a significant rate in the forecasted period due to the rising population in the country and continuous rise in the urbanization which leads to the strong consumption of coatings from urban areas. For instance, According to the world bank, Vietnam鈥檚 urbanization rate increased by 7% during the period of 2010-20.
Vietnam Architectural Coatings Market

Vietnam Architectural Coatings Industry Overview

The Vietnam Architectural Coatings Market is fragmented, with the top five companies occupying 30.67%. The major players in this market are Guangdong Maydos building materials limited company, Jotun, KOVA Paint, Nippon Paint Holdings Co., Ltd. and OSEVEN CORPORATION (sorted alphabetically).

Vietnam Architectural Coatings Market Leaders

  1. Guangdong Maydos building materials limited company

  2. Jotun

  3. KOVA Paint

  4. Nippon Paint Holdings Co., Ltd.

  5. OSEVEN CORPORATION

*Disclaimer: Major Players sorted in no particular order

Vietnam Architectural Coatings Market
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Vietnam Architectural Coatings Market News

  • January 2021: The company introduced Dulux Promise Guarantee program which ensures easy replacement of dulux products.
  • June 2018: KOVA Paint puts the Dong Nai factory into operation. The new factory uses advanced technology and is designed to produce 65 million liters of paint and waterproofing and 35,000 tonnes of powder and paste skimcoat annually.

Vietnam Architectural Coatings Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study

    3. 1.3. Research Methodology

  3. 2. KEY INDUSTRY TRENDS

    1. 2.1. Floor Area Trends

    2. 2.2. Regulatory Framework

    3. 2.3. Value Chain & Distribution Channel Analysis

  4. 3. MARKET SEGMENTATION

    1. 3.1. Sub End User

      1. 3.1.1. Commercial

      2. 3.1.2. Residential

    2. 3.2. Technology

      1. 3.2.1. Solventborne

      2. 3.2.2. Waterborne

    3. 3.3. Resin

      1. 3.3.1. Acrylic

      2. 3.3.2. Alkyd

      3. 3.3.3. Epoxy

      4. 3.3.4. Polyester

      5. 3.3.5. Polyurethane

      6. 3.3.6. Other Resin Types

  5. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. 4Oranges

      2. 4.4.2. AkzoNobel N.V.

      3. 4.4.3. Guangdong Maydos building materials limited company

      4. 4.4.4. Jotun

      5. 4.4.5. Kansai Paint Co.,Ltd.

      6. 4.4.6. KOVA Paint

      7. 4.4.7. Nippon Paint Holdings Co., Ltd.

      8. 4.4.8. OSEVEN CORPORATION

      9. 4.4.9. Royal Paints

      10. 4.4.10. Seamaster Paint (Singapore) Pte Ltd

      11. 4.4.11. TOA Paint Public Company Limited.

  6. 5. KEY STRATEGIC QUESTIONS FOR ARCHITECTURAL COATINGS CEOS

  7. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter's Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. VIETNAM MARKET, UNDEFINED YOY GROWTH RATE, 2016 - 2028
  1. Figure 2:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 3:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, VALUE, USD, 2016 - 2028
  1. Figure 4:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 5:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 6:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2016 - 2028
  1. Figure 7:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2016 - 2028
  1. Figure 8:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 9:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 10:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2021 - 2028
  1. Figure 11:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 12:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 13:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2021 - 2028
  1. Figure 14:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 15:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 16:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2016 - 2028
  1. Figure 17:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2016 - 2028
  1. Figure 18:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 19:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 20:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 21:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 22:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 23:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 24:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 25:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 26:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY RESIN, 2016 - 2028
  1. Figure 27:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY RESIN, 2016 - 2028
  1. Figure 28:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 29:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 30:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 31:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 32:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 33:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 34:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 35:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 36:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 37:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 38:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 39:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 40:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 41:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 42:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 43:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 44:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 45:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 46:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 47:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 48:  
  2. VIETNAM ARCHITECTURAL COATINGS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Vietnam Architectural Coatings Industry Segmentation

Commercial, Residential are covered as segments by Sub End User. Solventborne, Waterborne are covered as segments by Technology. Acrylic, Alkyd, Epoxy, Polyester, Polyurethane are covered as segments by Resin.
Sub End User
Commercial
Residential
Technology
Solventborne
Waterborne
Resin
Acrylic
Alkyd
Epoxy
Polyester
Polyurethane
Other Resin Types
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Market Definition

  • COMMERCIAL - The Commercial Sector includes the paints and coatings used for hotels, hospitals, educational institutions, government institutions and malls among others. The scope does not include paints and coatings used for infrastructure applications.
  • RESIDENTIAL - This section includes interior and exterior paints and coatings used on residential buildings.
  • FLOOR AREA - The total floor area comprises of both existing and new floor area for the sub end users considered in the study.
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Research Methodology

糖心vlog传媒 follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific end-user segment and country are selected from a group of relevant variables & factors based on the desk research & literature review; along with primary expert inputs.
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Vietnam Architectural Coatings Market Research FAQs

The Vietnam Architectural Coatings Market size is expected to reach USD 442.71 million in 2024 and grow at a CAGR of 3.85% to reach USD 514.87 million by 2028.

In 2024, the Vietnam Architectural Coatings Market size is expected to reach USD 442.71 million.

Guangdong Maydos building materials limited company, Jotun, KOVA Paint, Nippon Paint Holdings Co., Ltd. and OSEVEN CORPORATION are the major companies operating in the Vietnam Architectural Coatings Market.

In the Vietnam Architectural Coatings Market, the Residential segment accounts for the largest share by sub end user.

In 2024, the Residential segment accounts for the fastest growing by sub end user in the Vietnam Architectural Coatings Market.

In 2023, the Vietnam Architectural Coatings Market size was estimated at USD 421.00 million. The report covers the Vietnam Architectural Coatings Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Architectural Coatings Market size for years: 2024, 2025, 2026, 2027 and 2028.

Vietnam Architectural Coatings Industry Report

Statistics for the 2024 Vietnam Architectural Coatings market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Vietnam Architectural Coatings analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Vietnam Architectural Coatings Report Snapshots

Vietnam Architectural Coatings Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028

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