Vietnam Metal Tank Market (2025-2031) | Growth, Outlook, Companies, Forecast, Share, Value, Analysis, Trends, Size, Revenue & Industry

Vietnam Metal Tank Market Highlights

Report Name	Vietnam Metal Tank Market
Forecast Period	2025-2031
Market Size	USD 500 Million by 2031
CAGR	7.2%
Growing Sector	Oil and Gas

Topics Covered in the Vietnam Metal Tank Market Report

The Vietnam Metal Tank market report thoroughly covers the market by installation type, by end-user, by application, by size, by pressure type and by build type. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Vietnam Metal Tank Market Size & Analysis

In 2025, the Vietnam Metal Tank market is valued at approximately $ 320 million, with a projected compound annual growth rate (CAGR) of 7.2% over the next five years. Additionally, by 2031, the market is expected to reach around $ 500 million. The oil and gas sector holds significant position in the overall market.

Vietnam Metal Tank Market Synopsis

The metal tank market in Vietnam is experiencing robust growth, driven by the country’s expanding industrial and infrastructure sectors, particularly in oil and gas, chemicals, water treatment, and food processing. As Vietnam continues to urbanize and develop its industrial base, the demand for storage solutions, including metal tanks, is increasing across various applications. The growth in fuel storage, driven by the country's increasing energy needs and expanding oil and gas infrastructure, is a major factor, along with rising investments in water treatment and chemical industries. Vietnam’s strategic position in Southeast Asia, along with government initiatives supporting industrial growth and environmental sustainability, further propels the market. Additionally, compliance with safety and environmental standards, along with technological advancements in tank design, are fostering demand for more durable, corrosion-resistant, and eco-friendly storage solutions.

According to 6Wresearch, Vietnam Metal Tank market size is projected to grow at a CAGR of 7.2% during 2025-2031. The growth of the Vietnam metal tank market is driven by several factors, including the country’s rapid industrialization, expanding oil and gas infrastructure, and increasing focus on environmental sustainability. The oil and gas sector, in particular, is a key driver, as rising fuel demand and infrastructure development lead to a growing need for high-capacity fuel storage tanks. Additionally, the chemical, water treatment, and food processing industries are contributing to the demand for custom-built metal tanks that meet safety and regulatory standards.

Government investments in infrastructure and industrial sectors, along with initiatives for cleaner energy and renewable storage solutions, further boost market growth. However, the Vietnam Metal Tank industry faces challenges such as fluctuating raw material costs, particularly steel, which can impact production costs and profit margins. Intense competition from international manufacturers and the need to continuously comply with stringent environmental and safety regulations also pose hurdles. Smaller manufacturers may face difficulties in adopting the latest technologies and maintaining compliance with evolving standards, creating a barrier to entry. Despite these challenges, the market remains strong due to increasing industrial output, energy security needs, and export potential.

Vietnam Metal Tank Market Trends

• Sustainability Focus - Increasing demand for eco-friendly, corrosion-resistant, and recyclable metal tanks to comply with environmental regulations and promote sustainability.
• Smart Tank Solutions - Rising adoption of IoT-based metal tanks with real-time monitoring, predictive maintenance, and performance tracking for enhanced operational efficiency.
• Oil and Gas Expansion - Continued growth in the oil and gas sector, particularly for fuel storage tanks, driven by increased demand for energy security and infrastructure development.
• Customization and Flexibility - Higher demand for tailor-made and modular tank designs to meet the specific needs of industries such as chemicals, food processing, and water treatment.
• Technological Advancements - Integration of advanced tank designs, including double-walled tanks and safety features, to improve durability and meet evolving safety standards.
• Regional Export Growth - Vietnam’s strategic location as a key Southeast Asian hub is fueling increased exports of metal tanks to neighboring countries.

Investment Opportunities in the Vietnam Metal Tank Market

• Renewable Energy Storage Solutions - Invest in the production of specialized storage tanks for renewable energy applications, such as biogas, solar, and wind energy, as the country focuses on sustainability.
• Oil and Gas Infrastructure - Capitalize on the growing demand for fuel storage tanks, especially for LNG, oil reserves, and biofuels, in line with the expansion of Vietnam’s energy sector.
• Water Treatment and Chemical Industries - Focus on manufacturing metal tanks for the expanding water treatment and chemical sectors, driven by the country’s industrial growth and need for sustainable solutions.
• Smart Tank Technologies - Develop and integrate IoT-enabled tanks with real-time monitoring capabilities, predictive maintenance, and data analytics to enhance operational efficiency and meet industry demands.

Key Players in the Vietnam Metal Tank Market

Key companies in the Vietnam metal tank market include Coteccons Construction, a major player involved in industrial infrastructure development, including the production of metal tanks for various sectors like chemicals, water treatment, and oil storage. Hoa Sen Group is another significant contributor, specializing in the manufacturing of steel products, including metal tanks for industrial applications. PetroVietnam is a dominant force in the oil and gas sector, providing storage solutions for fuel and LNG, while also focusing on infrastructure projects across the country.

Binh Minh Plastic is a prominent manufacturer producing corrosion-resistant tanks, particularly for water and chemical storage. Additionally, some of these players hold majority of the Vietnam Metal Tank market share. Moreover, international companies such as Cimc Enric and Permastore also have a presence, offering advanced storage technologies and customized solutions. These companies, along with local manufacturers, are shaping Vietnam’s growing metal tank market.

Government Regulations in the Vietnam Metal Tank Market

Government regulations in the Vietnam metal tank market are primarily focused on safety, environmental protection, and quality standards. The Vietnam Ministry of Industry and Trade (MOIT) oversees regulations related to the storage and transportation of hazardous materials, ensuring that metal tanks used in oil, gas, and chemical industries meet stringent safety standards. The Vietnam Environmental Protection Law mandates compliance with environmental regulations, promoting sustainable practices, such as the use of eco-friendly and corrosion-resistant tanks.

The Department of Energy enforces regulations on energy storage systems, particularly in the oil and gas sector, to ensure safe and efficient operations. Further, these initiatives have further boosted the Vietnam Metal Tank market revenues. Moreover, adherence to international standards, such as ISO 9001 for quality management and API 650 for tank design, is crucial for manufacturers to remain competitive. These regulations drive the adoption of advanced tank technologies, promote the use of sustainable materials, and ensure that metal tanks meet the highest safety and environmental standards.

Future Insights of the Vietnam Metal Tank Market

The future of the Vietnam metal tank market is poised for significant growth, driven by continued industrialization, urbanization, and infrastructure development. As the country focuses on renewable energy and sustainable practices, the demand for advanced storage solutions for biogas, solar energy, and biofuels is expected to rise.

The oil and gas sector, fueled by increased demand for fuel storage, will continue to play a critical role in market expansion. With rising investments in water treatment and chemical industries, as well as the country’s growing role as a manufacturing hub, the need for durable, corrosion-resistant, and customizable metal tanks will grow. Technological advancements, such as the integration of smart tank systems for real-time monitoring, will shape the market’s evolution, enhancing efficiency and compliance with stringent safety and environmental regulations.

Oil and Gas Category to Dominate the Market - By End User

According to Ravi Bhandari, Research Head, 6Wresearch, the oil and gas category in the Vietnam metal tank market is experiencing substantial growth, driven by the country’s expanding energy infrastructure and increasing demand for fuel storage solutions. As Vietnam continues to strengthen its position as a key player in the Southeast Asian energy market, the need for high-capacity, durable metal tanks to store oil, gas, and LNG is rising. The government’s focus on energy security and sustainability, along with investments in oil exploration and production, further accelerates demand. Additionally, the country’s increasing reliance on renewable energy sources, such as biofuels, is contributing to the need for specialized storage tanks.

Fuel Type to Dominate the Market – By Application

The fuel application segment in the Vietnam metal tank market is experiencing rapid growth, driven by the country’s expanding energy sector and rising demand for fuel storage solutions. As Vietnam’s oil and gas industry continues to develop, the need for high-capacity, efficient tanks to store LNG, oil, and biofuels is increasing. The government’s initiatives to ensure energy security and sustainability are prompting investments in fuel storage infrastructure, including both traditional and renewable energy storage systems.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year - 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Vietnam Metal Tank Market Overview
• Vietnam Metal Tank Market Outlook
• Market Size of Vietnam Metal Tank Market, 2024
• Forecast of Vietnam Metal Tank Market, 2031
• Historical Data and Forecast of Vietnam Metal Tank Revenues & Volume for the Period 2021-2031
• Vietnam Metal Tank Market Trend Evolution
• Vietnam Metal Tank Market - Drivers and Challenges
• Vietnam Metal Tank Market - Price Trends
• Vietnam Metal Tank - Porter's Five Forces
• Vietnam Metal Tank - Industry Life Cycle
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Installation Type for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Aboveground for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Underground for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By End-Users for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Oil and gas for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Industrial for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Municipal and Others for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Applications for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Fuel for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Water and Wastewater for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Fire Protection for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Industrial for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Food and Beverage for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume By Paper and Pulp for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Others for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Size for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Below 5,000 Gallons for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By 5,000 to 25,000 Gallons for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Over 25,000 Gallons for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Pressure Type for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Pressure for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Non- Pressure for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Build Type for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Custom Fabricated at the Factory for the Period 2021-2031
• Historical Data and Forecast of Vietnam Metal Tank Market Revenues & Volume, By Custom Fabricated and Field Erected for the Period 2021-2031
• Vietnam Metal Tank - Import Export Trade Statistics
• Market Opportunity Assessment, By Installation Type
• Market Opportunity Assessment, By End-Users
• Market Opportunity Assessment, By Applications
• Market Opportunity Assessment, By Size
• Market Opportunity Assessment, By Pressure Type
• Market Opportunity Assessment, By Build Type
• Vietnam Metal Tank Market - Top Companies Market Share
• Vietnam Metal Tank Market - Competitive Benchmarking, By Technical and Operational Parameters
• Vietnam Metal Tank Market - Company Profiles
• Vietnam Metal Tank Market - Key Strategic Recommendations

Markets Covered

The Vietnam Metal Tank market report provides a detailed analysis of the following market segments -

By Installation Type

• Aboveground
• Underground
• By End-UserA
• Oil and gas
• Industrial
• Municipal and Others

By Application

• Fuel
• Water and Wastewater
• Fire Protection
• Industrial
• Food and Beverage
• Paper and Pulp
• Others

By Size

• Below 5,000 Gallons
• 5,000 to 25,000 Gallons
• Over 25,000 Gallon

By Pressure Type

• Pressure
• Non- Pressure

By Build Type

• Custom Fabricated at the Factory
• Custom Fabricated and Field Erected