Vietnam Concrete Market (2026-2032) | Outlook, Size & Revenue, Share, Analysis, Value, Competitive Landscape, Companies, Industry, Segmentation, Trends, Forecast, Growth
Market Forecast By Concrete Type (Ready-mix Concrete, Precast Products, Precast Elements), By Application (Reinforced Concrete, Non-reinforced Concrete), By End-User (Roads & Highways, Tunnels, Residential Buildings, Non-Residential Buildings, Dams & Power Plants, Mining, Others) And Competitive Landscape
| Product Code: ETC10071288 | Publication Date: Sep 2024 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Vietnam Concrete Market Growth Rate
According to 6Wresearch internal database and industry insights, the Vietnam Concrete Market is projected to grow at a compound annual growth rate (CAGR) of 6.5% during the forecast period (2026-2032).
Five-Year Growth Trajectory of the Vietnam Concrete Market with Core Drivers
Below mentioned are the evaluation of years-wise growth rate along with key growth drivers:
| Year | Est. Annual Growth (%) | Growth Drivers |
| 2021 | 3% | Infrastructure development and residential construction activity |
| 2022 | 3.7% | Rising urban housing demand and industrial zone expansion |
| 2023 | 4.6% | Growth in transport infrastructure, including roads and bridges |
| 2024 | 5.4% | Increased government spending on public infrastructure projects |
| 2025 | 6% | Demand driven by urbanization and large-scale construction investments |
Topics Covered in the Vietnam Concrete Market Report
The Vietnam Concrete Market report thoroughly covers the market by concrete type, application, and end-user. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which help stakeholders devise and align their market strategies according to the current and future market dynamics. The report also examines infrastructure investments, urban development patterns, technological advancements, and government initiatives shaping concrete demand across Vietnam.
Vietnam Concrete Market Highlights
| Report Name | Vietnam Concrete Market |
| Forecast Period | 2026–2032 |
| CAGR | 6.50% |
| Growing Sector | Infrastructure & Residential Construction |
Vietnam Concrete Market Synopsis
Vietnam Concrete Market is anticipated to witness strong growth driven by rapid urbanization, expanding infrastructure initiatives, and increasing residential and commercial development. Elevating investments in highways, industrial parks, and urban housing are markedly enhancing concrete demand. Also, government-led efforts to modernize infrastructure and the growing use of ready-mix and precast concrete solutions are making construction faster, stronger, and more reliable, which is helping the market grow across the country.
Evaluation of Growth Drivers in the Vietnam Concrete Market
Below mentioned are some prominent drivers and their influence to the market dynamics:
| Drivers | Primary Segments Affected | Why it Matters (Evidence) |
| Rapid Urbanization | Ready-mix; Residential Buildings | Growing urban housing demand significantly increases concrete consumption. |
| Infrastructure Development | Precast Products; Roads & Highways | Government investments drive large-scale and continuous concrete usage. |
| Industrial Zone Expansion | Ready-mix; Non-Residential Buildings | Development of factories and warehouses boosts structural concrete demand. |
| Preference for Faster Construction | Precast Elements; Tunnels | Precast solutions reduce construction time and improve project efficiency. |
| Government Infrastructure Spending | All Types | Public infrastructure projects ensure consistent and long-term demand growth. |
Vietnam Concrete Market is expected to grow at the CAGR of 6.5% during the forecast period of 2026-2032. The development of better infrastructure, the increased construction of homes, and the increased activities of industries are all contributing to the growth of the economy. The projects initiated in the transportation sector by the government, the development of smart cities, and the increasing preference for ready-mix and precast concrete solutions are all contributing to the market expansion.
Evaluation of Restraints in the Vietnam Concrete Market
Below mentioned are some major restraints and their influence to the market dynamics:
| Restraints | Primary Segments Affected | What This Means (Evidence) |
| Fluctuating Raw Material Prices | All Types | Cement and aggregate price volatility directly impacts production costs and profit margins. |
| Environmental Regulations | Ready-mix; Precast | Regulatory compliance increases production, monitoring, and operational expenses. |
| Skilled Labor Shortage | All Types | Limited availability of skilled workers affects productivity and efficient project execution. |
| Logistics Challenges | Ready-mix Concrete | Transportation and delivery constraints impact supply reliability and project timelines. |
| Land Constraints in Cities | Precast Plants | Limited urban space restricts expansion of new manufacturing and precast facilities. |
Vietnam Concrete Industry Challenges
Despite strong growth prospects, the Vietnam Concrete Industry is facing challenges that include the rapid fluctuation of prices of raw materials, environmental protection regulations, and logistic issues. Moreover, the project implementation schedule is also impacted by the shortage of competent personnel to work on the infrastructure and rising operational costs. The Vietnam concrete manufacturers still face the challenge of sustainable manufacturing and adhering to the cost competitiveness to meet the increasing demand for infrastructure.
Vietnam Concrete Market Trends
Key trends evaluating the landscape of the Vietnam Concrete Market Growth are:
- Rising Adoption of Ready-Mix Concrete: Contractors favor ready-mix solutions due to their reliable quality and expedited construction processes.
- Expanding Utilization of Precast Elements: Precast components are increasingly adopted owing to decreased on-site labor requirements and condensed project schedules.
- Focus on Sustainable Concrete Solutions: Concrete producers are making strides to offer sustainable concrete mixes to meet government regulations.
- Demand in the High-Strength Concrete: Infrastructure development projects like express highways, bridges, and skyscrapers are pushing the demand for high strength concrete types.
Investment Opportunities in the Vietnam Concrete Market
Some prominent investment opportunities in the Vietnam Concrete Market include:
- Ready-Mix Concrete Facilities – The purpose of establishing these facilities in both the urban and peri-urban areas is to meet the increasing demand.
- Precast Manufacturing Facilities: The production of precast components for infrastructure projects as well as high-rise buildings.
- Green Concrete Technologies - Environment sustainable and energy-efficient concrete technology practices are increasing.
Top 5 Leading Players in the Vietnam Concrete Market
Some leading players operating in the Vietnam Concrete Market include:
1. Holcim Vietnam
| Company Name | Holcim Vietnam |
| Established Year | 1994 |
| Headquarters | Ho Chi Minh City, Vietnam |
| Official Website | Click Here |
Holcim Vietnam is a leading concrete and cement supplier, offering ready-mix and sustainable concrete solutions widely used in infrastructure, residential, and commercial construction projects nationwide.
2. SCG Concrete Roof & Concrete Business
| Company Name | SCG Concrete Roof & Concrete Business |
| Established Year | 1913 |
| Headquarters | Bangkok, Thailand |
| Official Website | Click Here |
SCG supplies high-quality ready-mix and precast concrete products in Vietnam, supporting residential, industrial, and infrastructure construction with advanced technology and strong quality standards.
3. Vinh Tuy Concrete Joint Stock Company
| Company Name | Vinh Tuy Concrete Joint Stock Company |
| Established Year | 2005 |
| Headquarters | Hanoi, Vietnam |
| Official Website | - |
The company specializes in ready-mix concrete and precast elements, serving major urban infrastructure and housing projects across northern Vietnam.
4. FICO Concrete
| Company Name | FICO Concrete |
| Established Year | 2001 |
| Headquarters | Ho Chi Minh City, Vietnam |
| Official Website | Click Here |
FICO Concrete provides ready-mix concrete solutions for large-scale construction projects, focusing on quality consistency and timely delivery.
5. LafargeHolcim Vietnam
| Company Name | LafargeHolcim Vietnam |
| Established Year | 1994 |
| Headquarters | Ho Chi Minh City, Vietnam |
| Official Website | - |
LafargeHolcim Vietnam offers advanced concrete solutions, supporting sustainable infrastructure and urban development across Vietnam.
Government Regulations Introduced in the Vietnam Concrete Market
According to Vietnam government data, several initiatives are promoting concrete development in the market. The government Ministry of Construction pushes the development of modern infrastructure according to urban development strategies, while public investments are concentrated on expressways, ports, and industrial zones. Green construction norms, encourage the use of long-life and environment friendly concrete. These developments have improved construction, increased the resilience of infrastructure, and ensured the development of the concrete industry.
Future Insights of the Vietnam Concrete Market
The outlook for the Vietnam Concrete Market is positive driven by more funds invested in the infrastructure sector, rapid urbanization, and more industrialization. The government constant focus on smart city projects, transportation routes, and environmentally friendly building methods will make concrete more in demand. The forecast reveals that precast and ready-mix segments joined with advances in technology will generate immense opportunities in the residential, commercial, and infrastructure segments.
Market Segmentation Analysis
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Ready-Mix Concrete to Dominate the Market – By Concrete Type
According to Mohit, Senior Research Analyst, 6Wresearch, Ready-mix Concrete holds the largest market segment in the Vietnam Concrete Market Share. This dominance has been driven by extensive urban development, infrastructure initiatives, and the imperative for sustained quality and expedited project delivery. The extensive utilization of ready-mix concrete in residential structures, highways, and industrial developments persists in sustaining robust demand across the nation.
Reinforced Concrete to Dominate the Market – By Application
Reinforced concrete leads the Vietnam concrete market owing to its widespread application in high-rise buildings, bridges, tunnels, and infrastructure developments. Its exceptional strength and durability establish it as the preferable material for load-bearing structures, accommodating consistent demand from both public and private construction projects.
Roads & Highways to Dominate the Market – By End-User
Roads & Highways constitute the primary end-user segment within the Vietnam Concrete Market. A significant amount of government money is going into expressways, bridges, and projects that connect different modes of transportation, this driven the demand for concrete.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2022 to 2025.
- Base Year: 2025.
- Forecast Data until 2032.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Vietnam Concrete Market Outlook
- Market Size of Vietnam Concrete Market, 2025
- Forecast of Vietnam Concrete Market, 2032
- Historical Data and Forecast of Vietnam Concrete Revenues & Volume for the Period 2022- 2032F
- Vietnam Concrete Market Trend Evolution
- Vietnam Concrete Market Drivers and Challenges
- Vietnam Concrete Price Trends
- Vietnam Concrete Porter's Five Forces
- Vietnam Concrete Industry Life Cycle
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Concrete Type for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Ready-mix Concrete for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Precast Products for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Precast Elements for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Application for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Reinforced Concrete for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Non-reinforced Concrete for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By End-User for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Roads & Highways for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Tunnels for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Residential Buildings for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Non-Residential Buildings for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Dams & Power Plants for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Mining for the Period 2022- 2032F
- Historical Data and Forecast of Vietnam Concrete Market Revenues & Volume By Others for the Period 2022- 2032F
- Vietnam Concrete Import Export Trade Statistics
- Market Opportunity Assessment By Concrete Type
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By End-User
- Vietnam Concrete Top Companies Market Share
- Vietnam Concrete Competitive Benchmarking By Technical and Operational Parameters
- Vietnam Concrete Company Profiles
- Vietnam Concrete Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Concrete Type
- Ready-mix Concrete
- Precast Products
- Precast Elements
By Application
- Reinforced Concrete
- Non-reinforced Concrete
By End-User
- Roads & Highways
- Tunnels
- Residential Buildings
- Non-Residential Buildings
- Dams & Power Plants
- Mining
- Others
Vietnam Concrete Market (2026-2032): FAQs
Vietnam Concrete Market is projected to grow at a CAGR of 6.5% during the forecast period 2026-2032.
Growth is driven by the expansion of infrastructure, increased demand for urban housing, and government-sponsored construction investments.
Ready-mix concrete is the most popular concrete due to its efficiency and suitability for large-scale undertakings.
The Vietnam Concrete market is witnessing increasing adoption of precast and sustainable concrete solutions, driven by faster construction needs and infrastructure expansion.
6Wresearch actively monitors the Vietnam Concrete Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Vietnam Concrete Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 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 Concrete Market Overview |
| 3.1 Vietnam Country Macro Economic Indicators |
| 3.2 Vietnam Concrete Market Revenues & Volume, 2022 & 2032F |
| 3.3 Vietnam Concrete Market - Industry Life Cycle |
| 3.4 Vietnam Concrete Market - Porter's Five Forces |
| 3.5 Vietnam Concrete Market Revenues & Volume Share, By Concrete Type, 2022 & 2032F |
| 3.6 Vietnam Concrete Market Revenues & Volume Share, By Application, 2022 & 2032F |
| 3.7 Vietnam Concrete Market Revenues & Volume Share, By End-User, 2022 & 2032F |
| 4 Vietnam Concrete Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing government investment in infrastructure projects in Vietnam |
| 4.2.2 Growing urbanization and industrialization leading to higher demand for concrete |
| 4.2.3 Rising construction activities in residential and commercial sectors |
| 4.3 Market Restraints |
| 4.3.1 Fluctuating prices of raw materials such as cement and aggregates |
| 4.3.2 Environmental concerns and regulations impacting the production of concrete |
| 4.3.3 Competition from alternative building materials like steel and wood |
| 5 Vietnam Concrete Market Trends |
| 6 Vietnam Concrete Market, By Types |
| 6.1 Vietnam Concrete Market, By Concrete Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 Vietnam Concrete Market Revenues & Volume, By Concrete Type, 2022 & 2032F |
| 6.1.3 Vietnam Concrete Market Revenues & Volume, By Ready-mix Concrete, 2022 & 2032F |
| 6.1.4 Vietnam Concrete Market Revenues & Volume, By Precast Products, 2022 & 2032F |
| 6.1.5 Vietnam Concrete Market Revenues & Volume, By Precast Elements, 2022 & 2032F |
| 6.2 Vietnam Concrete Market, By Application |
| 6.2.1 Overview and Analysis |
| 6.2.2 Vietnam Concrete Market Revenues & Volume, By Reinforced Concrete, 2022 & 2032F |
| 6.2.3 Vietnam Concrete Market Revenues & Volume, By Non-reinforced Concrete, 2022 & 2032F |
| 6.3 Vietnam Concrete Market, By End-User |
| 6.3.1 Overview and Analysis |
| 6.3.2 Vietnam Concrete Market Revenues & Volume, By Roads & Highways, 2022 & 2032F |
| 6.3.3 Vietnam Concrete Market Revenues & Volume, By Tunnels, 2022 & 2032F |
| 6.3.4 Vietnam Concrete Market Revenues & Volume, By Residential Buildings, 2022 & 2032F |
| 6.3.5 Vietnam Concrete Market Revenues & Volume, By Non-Residential Buildings, 2022 & 2032F |
| 6.3.6 Vietnam Concrete Market Revenues & Volume, By Dams & Power Plants, 2022 & 2032F |
| 6.3.7 Vietnam Concrete Market Revenues & Volume, By Mining, 2022 & 2032F |
| 7 Vietnam Concrete Market Import-Export Trade Statistics |
| 7.1 Vietnam Concrete Market Export to Major Countries |
| 7.2 Vietnam Concrete Market Imports from Major Countries |
| 8 Vietnam Concrete Market Key Performance Indicators |
| 8.1 Average selling price of concrete products |
| 8.2 Number of new infrastructure projects announced |
| 8.3 Capacity utilization rate of concrete production facilities |
| 8.4 Adoption rate of innovative concrete technologies |
| 8.5 Rate of urbanization in Vietnam |
| 9 Vietnam Concrete Market - Opportunity Assessment |
| 9.1 Vietnam Concrete Market Opportunity Assessment, By Concrete Type, 2022 & 2032F |
| 9.2 Vietnam Concrete Market Opportunity Assessment, By Application, 2022 & 2032F |
| 9.3 Vietnam Concrete Market Opportunity Assessment, By End-User, 2022 & 2032F |
| 10 Vietnam Concrete Market - Competitive Landscape |
| 10.1 Vietnam Concrete Market Revenue Share, By Companies, 2025 |
| 10.2 Vietnam Concrete Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
Export potential assessment - trade Analytics for 2030
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here
Pricing
- Single User License$ 1,995
- Department License$ 2,400
- Site License$ 3,120
- Global License$ 3,795
Search
Thought Leadership and Analyst Meet
Our Clients
Related Reports
- Pakistan Contraceptive Implants Market (2025-2031) | Demand, Growth, Size, Share, Industry, Pricing Analysis, Competitive, Strategic Insights, Strategy, Consumer Insights, Analysis, Investment Trends, Opportunities, Revenue, Segments, Value, Segmentation, Supply, Forecast, Restraints, Outlook, Competition, Drivers, Trends, Companies, Challenges
- Sri Lanka Packaging Market (2026-2032) | Outlook, Competition, Drivers, Trends, Demand, Pricing Analysis, Competitive, Strategic Insights, Companies, Challenges, Strategy, Consumer Insights, Analysis, Investment Trends, Opportunities, Growth, Size, Share, Industry, Revenue, Segments, Value, Segmentation, Supply, Forecast, Restraints
- India Kids Watches Market (2026-2032) | Strategy, Consumer Insights, Analysis, Investment Trends, Opportunities, Growth, Size, Share, Industry, Revenue, Segments, Value, Segmentation, Supply, Forecast, Restraints, Outlook, Competition, Drivers, Trends, Demand, Pricing Analysis, Competitive, Strategic Insights, Companies, Challenges
- Saudi Arabia Core Assurance Service Market (2025-2031) | Strategy, Consumer Insights, Analysis, Investment Trends, Opportunities, Growth, Size, Share, Industry, Revenue, Segments, Value, Segmentation, Supply, Forecast, Restraints, Outlook, Competition, Drivers, Trends, Demand, Pricing Analysis, Competitive, Strategic Insights, Companies, Challenges
- Romania Uninterruptible Power Supply (UPS) Market (2026-2032) | Industry, Analysis, Revenue, Size, Forecast, Outlook, Value, Trends, Share, Growth & Companies
- Saudi Arabia Car Window Tinting Film, Paint Protection Film (PPF), and Ceramic Coating Market (2025-2031) | Strategy, Consumer Insights, Analysis, Investment Trends, Opportunities, Growth, Size, Share, Industry, Revenue, Segments, Value, Segmentation, Supply, Forecast, Restraints, Outlook, Competition, Drivers, Trends, Demand, Pricing Analysis, Competitive, Strategic Insights, Companies, Challenges
- South Africa Stationery Market (2025-2031) | Share, Size, Industry, Value, Growth, Revenue, Analysis, Trends, Segmentation & Outlook
- Afghanistan Rocking Chairs And Adirondack Chairs Market (2026-2032) | Size & Revenue, Competitive Landscape, Share, Segmentation, Industry, Value, Outlook, Analysis, Trends, Growth, Forecast, Companies
- Afghanistan Apparel Market (2026-2032) | Growth, Outlook, Industry, Segmentation, Forecast, Size, Companies, Trends, Value, Share, Analysis & Revenue
- Canada Oil and Gas Market (2026-2032) | Share, Segmentation, Value, Industry, Trends, Forecast, Analysis, Size & Revenue, Growth, Competitive Landscape, Outlook, Companies
Industry Events and Analyst Meet
EV tech India Expo 2026
Auto Tech Asia 2026
Battery Tech India 2026
Smart Production Solutions Guangzhou 2026
Stationery & Paper Expo Saudi Arabia 2026
Whitepaper
- Middle East & Africa Commercial Security Market Click here to view more.
- Middle East & Africa Fire Safety Systems & Equipment Market Click here to view more.
- GCC Drone Market Click here to view more.
- Middle East Lighting Fixture Market Click here to view more.
- GCC Physical & Perimeter Security Market Click here to view more.
6WResearch In News
- Doha a strategic location for EV manufacturing hub: IPA Qatar
- Demand for luxury TVs surging in the GCC, says Samsung
- Empowering Growth: The Thriving Journey of Bangladesh’s Cable Industry
- Demand for luxury TVs surging in the GCC, says Samsung
- Video call with a traditional healer? Once unthinkable, it’s now common in South Africa
- Intelligent Buildings To Smooth GCC’s Path To Net Zero
