Market Forecast By Type (Methacrylates, Acrylates, Hybrids), By Property (Thermoplastic, Thermosetting), By Application (Paints & Coatings, Construction, Medical, Paper & Paperboard, Textiles, Fibers & Adhesives) And Competitive Landscape
Product Code: ETC065929 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Vietnam Acrylic Resins market currently, in 2023, has witnessed an HHI of 2666, Which has increased slightly as compared to the HHI of 2465 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Vietnam acrylic resins market plays a pivotal role in the coatings, adhesives, and sealants industry. Acrylic resins offer versatility, durability, and aesthetic appeal, driving their demand across various applications. The market is characterized by the presence of both local and international manufacturers, each contributing to the market`s growth through product innovations and expansions. Regulatory compliance and environmental considerations are key factors shaping the market dynamics, with a growing emphasis on water-based and eco-friendly acrylic resins.
In the Vietnam Acrylic Resins market, several drivers underpin the sustained growth of the industry. The expanding applications of acrylic resins in coatings, adhesives, and inks across diverse sectors contribute significantly to market demand. The construction industry`s reliance on acrylic resins for architectural coatings and sealants enhances market growth. Additionally, the automotive sector`s use of acrylic resins in paint formulations for enhanced performance and aesthetics positively influences market dynamics. The focus on research and development to introduce acrylic resins with improved properties and environmental sustainability further stimulates market expansion. Moreover, the adoption of acrylic resins in the packaging industry for printing inks and adhesives aligns with evolving industry requirements, shaping the market positively.
The Vietnam Acrylic Resins Market contends with challenges related to the demand-supply balance and market saturation. As the market matures, manufacturers must explore new applications and market segments to sustain growth. The industry also faces challenges associated with raw material pricing and the need for efficient supply chain management to mitigate the impact of external factors on production costs.
The Vietnam Acrylic Resins market experienced challenges during the COVID-19 pandemic, with disruptions in the supply chain impacting production and distribution. Reduced demand from key end-use industries, such as construction and automotive, contributed to the market downturn. However, the crisis highlighted the resilience of acrylic resins in applications such as medical devices and packaging. As economic conditions improve, the Vietnam Acrylic Resins market is anticipated to recover, driven by increased demand from a variety of sectors.
In the dynamic landscape of the Vietnam Acrylic Resins Market, several key players play pivotal roles in shaping the industry`s trajectory. One prominent player is Vinh Phuc Chemical Industry Company Limited, renowned for its expertise in manufacturing and supplying high-quality acrylic resins. The company`s commitment to innovation and sustainability has positioned it as a leader in the market.Another noteworthy participant is SAM-A C&I Co., Ltd., recognized for its diverse portfolio of acrylic resins catering to various industries. With a focus on research and development, SAM-A C&I remains at the forefront of delivering cutting-edge solutions, contributing significantly to the growth of the acrylic resins market in Vietnam.Additionally, DIC Vietnam Co., Ltd. stands out as a key player in the market, leveraging its extensive experience in the chemical industry. The company`s acrylic resins are integral to numerous applications, from coatings to adhesives, making DIC Vietnam a vital contributor to the sector`s advancements.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Acrylic Resins Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Acrylic Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Acrylic Resins Market - Industry Life Cycle |
3.4 Vietnam Acrylic Resins Market - Porter's Five Forces |
3.5 Vietnam Acrylic Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Acrylic Resins Market Revenues & Volume Share, By Property, 2021 & 2031F |
3.7 Vietnam Acrylic Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Acrylic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Acrylic Resins Market Trends |
6 Vietnam Acrylic Resins Market, By Types |
6.1 Vietnam Acrylic Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Acrylic Resins Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Vietnam Acrylic Resins Market Revenues & Volume, By Methacrylates, 2018 - 2031F |
6.1.4 Vietnam Acrylic Resins Market Revenues & Volume, By Acrylates, 2018 - 2031F |
6.1.5 Vietnam Acrylic Resins Market Revenues & Volume, By Hybrids, 2018 - 2031F |
6.2 Vietnam Acrylic Resins Market, By Property |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Acrylic Resins Market Revenues & Volume, By Thermoplastic, 2018 - 2031F |
6.2.3 Vietnam Acrylic Resins Market Revenues & Volume, By Thermosetting, 2018 - 2031F |
6.3 Vietnam Acrylic Resins Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Acrylic Resins Market Revenues & Volume, By Paints & Coatings, 2018 - 2031F |
6.3.3 Vietnam Acrylic Resins Market Revenues & Volume, By Construction, 2018 - 2031F |
6.3.4 Vietnam Acrylic Resins Market Revenues & Volume, By Medical, 2018 - 2031F |
6.3.5 Vietnam Acrylic Resins Market Revenues & Volume, By Paper & Paperboard, 2018 - 2031F |
6.3.6 Vietnam Acrylic Resins Market Revenues & Volume, By Textiles, 2018 - 2031F |
6.3.7 Vietnam Acrylic Resins Market Revenues & Volume, By Fibers & Adhesives, 2018 - 2031F |
7 Vietnam Acrylic Resins Market Import-Export Trade Statistics |
7.1 Vietnam Acrylic Resins Market Export to Major Countries |
7.2 Vietnam Acrylic Resins Market Imports from Major Countries |
8 Vietnam Acrylic Resins Market Key Performance Indicators |
9 Vietnam Acrylic Resins Market - Opportunity Assessment |
9.1 Vietnam Acrylic Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Acrylic Resins Market Opportunity Assessment, By Property, 2021 & 2031F |
9.3 Vietnam Acrylic Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Acrylic Resins Market - Competitive Landscape |
10.1 Vietnam Acrylic Resins Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Acrylic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |