Vietnam Specialty Chemicals Market, By Product Type (Agrochemicals, Rubber Processing Chemicals, Construction Chemicals, Food & Feed Additives, Cosmetic Chemicals, Oilfield Chemicals, Specialty Pulp & Paper Chemicals, Specialty Textile Chemicals, Water Treatment Chemicals, Pharmaceutical & Nutraceutical Additives, CASE (Coatings, Adhesives, Sealants & Elastomers), Others (Institutional & Industrial Cleaners, Electronic Chemicals, Mining Chemicals)); By End User Industry (Automotive, Construction, Consumer Goods, Food & Beverages, Healthcare, Industrial Manufacturing, Oil & Gas, Others (Packaging, Personal Care, Water Treatment)), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
Vietnam Specialty Chemicals Market Size to Reach Value of USD 26.3 Million by 2030
Vietnam Specialty Chemicals Market is flourishing because of the rapid industrialization and urbanization and expansion of the country’s manufacturing sector.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Specialty Chemicals Market size at USD 17.3 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Specialty Chemicals Market size to expand at a CAGR of 6.30% reaching a value of USD 26.3 million by 2030. Increasing investments in R&D, stricter environmental laws, growing manufacturing and agriculture sectors, and rapid urbanization and industrialization are major growth factors for Vietnam Specialty Chemicals Market. By volume, BlueWeave estimated Vietnam Specialty Chemicals Market size at 3.9 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Specialty Chemicals Market size to expand at a CAGR of 3.80% reaching the volume of 5.1 million tons by 2030.
Opportunity - Expanding Middle Class Population in Vietnam
The expanding middle class population is fueling the demand for various consumer goods, such as cosmetic products, home care products, and cleaners. These products contain specialty chemicals. The chemicals sector is growing as a result of this demographic trend since manufacturers are meeting the varied demands and preferences of their customers.
Agrochemicals Largest Specialty Chemical Product Type
Vietnam Specialty Chemicals Market consists of various product types including agrochemicals, rubber processing chemicals, construction chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, pharmaceutical & nutraceutical additives, CASE (coatings, adhesives, sealants, and elastomers), and other products (institutional & industrial cleaners, electronic chemicals, and mining chemicals). The agrochemical segment holds a substantial market share, primarily due a rising demand for biocides and synthetic fertilizers.
Competitive Landscape
Vietnam Specialty Chemicals Market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include K.D. Feddersen Vietnam Co., Ltd., Oxy Chemicals Co., Ltd, AVCO, Trung Nguyen, MICHEM VIETNAM, Duc Giang Chemical Group Joint Stock Company (DGC), Wacker Chemie AG, VIET A CHEMICAL COMPANY LIMITED, and Adchem Joint Stock Company.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Vietnam Specialty Chemicals Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Specialty Chemicals Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Vietnam Specialty Chemicals Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rapid Industrialization and Urbanization
- 3.2.1.2. Expansion of Vietnam's Manufacturing Sector
- 3.2.1.3. Environmental Concerns and Stricter Regulations in Vietnam
- 3.2.1.4. Increased Investment in Research and Development (R&D)
- 3.2.2. Restraints
- 3.2.2.1. Stringent Environmental Regulations and Concerns
- 3.2.2.2. Intense Competition from Established Global Players
- 3.2.3. Opportunities
- 3.2.3.1. Growing Construction Sector in Vietnam
- 3.2.3.2. Expanding Middle-Class Population in Vietnam
- 3.2.3.3. Adoption of Advanced Manufacturing Techniques
- 3.2.4. Challenges
- 3.2.4.1. Lack of Raw Material Availability and Supply Chain Issues
- 3.2.4.2. Fluctuating Prices of Raw Materials
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Vietnam Specialty Chemicals Market: Marketing Strategies
- 5. Vietnam Specialty Chemicals Market Overview
- 5.1. Market Size & Forecast, 2019–2030
- 5.1.1. By Value (USD Million)
- 5.2. Market Share and Forecast
- 5.2.1. By Product Type
- 5.2.1.1. Agrochemicals
- 5.2.1.2. Rubber Processing Chemicals
- 5.2.1.3. Construction Chemicals
- 5.2.1.4. Food & Feed Additives
- 5.2.1.5. Cosmetic Chemicals
- 5.2.1.6. Oilfield Chemicals
- 5.2.1.7. Specialty Pulp & Paper Chemicals
- 5.2.1.8. Specialty Textile Chemicals
- 5.2.1.9. Water Treatment Chemicals
- 5.2.1.10. Pharmaceutical & Nutraceutical Additives
- 5.2.1.11. CASE (Coatings, Adhesives, Sealants & Elastomers)
- 5.2.1.12. Others (Institutional & Industrial Cleaners, Electronic Chemicals, Mining Chemicals etc.)
- 5.2.2. By End-User Industry
- 5.2.2.1. Automotive
- 5.2.2.2. Construction
- 5.2.2.3. Consumer Goods
- 5.2.2.4. Food & Beverages
- 5.2.2.5. Healthcare
- 5.2.2.6. Industrial Manufacturing
- 5.2.2.7. Oil & Gas
- 5.2.2.8. Others (Packaging, Personal Care, Water Treatment etc.)
- 6. Competitive Landscape
- 6.1. List of Key Players and Their Offerings
- 6.2. Vietnam Specialty Chemicals Market Share Analysis, 2023
- 6.3. Competitive Benchmarking, By Operating Parameters
- 6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 7. Impact of Escalating Geopolitical Tensions on Vietnam Specialty Chemicals Market
- 8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 8.1. K.D. Feddersen Vietnam Co., Ltd
- 8.2. Oxy Chemicals Co. Ltd
- 8.3. AVCO
- 8.4. Trung Nguyen
- 8.5. MICHEM VIETNAM
- 8.6. Duc Giang Chemical Group Joint Stock Company (DGC)
- 8.7. Wacker Chemie AG
- 8.8. VIET A CHEMICAL COMPANY LIMITED
- 8.9. Adchem Joint Stock Company
- 8.10. Other Prominent Players
- 9. Key Strategic Recommendations
- 10. Research Methodology
- 10.1. Qualitative Research
- 10.1.1. Primary & Secondary Research
- 10.2. Quantitative Research
- 10.3. Market Breakdown & Data Triangulation
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
- 10.4. Breakdown of Primary Research Respondents
- 10.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 Vietnam Specialty Chemicals Segmentation
- Figure 2 Vietnam Specialty Chemicals Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Vietnam Specialty Chemicals Market Size, By Value (USD Million), 2019–2030
- Figure 5 Vietnam Specialty Chemicals Market Share, By Product Type, By Value, 2019–2030
- Figure 6 Vietnam Specialty Chemicals Market Share, By End-User Industry, By Value, 2019–2030
- List of Tables
- Table 1 Vietnam Specialty Chemicals Market Size, By Value (USD Million), 2019–2030
- Table 2 Vietnam Specialty Chemicals Market Share, By Product Type, By Value, 2019–2030
- Table 3 Vietnam Specialty Chemicals Market Share, By End-User Industry, By Value, 2019–2030
- Table 4 K.D. Feddersen Vietnam Co., Ltd Company Overview
- Table 5 K.D. Feddersen Vietnam Co., Ltd Financial Overview
- Table 6 Oxy Chemicals Co. Ltd Company Overview
- Table 7 Oxy Chemicals Co. Ltd Financial Overview
- Table 8 AVCO Company Overview
- Table 9 AVCO Financial Overview
- Table 10 Trung Nguyen Company Overview
- Table 11 Trung Nguyen Financial Overview
- Table 12 MICHEM VIETNAM Company Overview
- Table 13 MICHEM VIETNAM Financial Overview
- Table 14 Duc Giang Chemical Group Joint Stock Company (DGC) Company Overview
- Table 15 Duc Giang Chemical Group Joint Stock Company (DGC) Financial Overview
- Table 16 Wacker Chemie AG Company Overview
- Table 17 Wacker Chemie AG Financial Overview
- Table 18 VIET A CHEMICAL COMPANY LIMITED Company Overview
- Table 19 VIET A CHEMICAL COMPANY LIMITED Financial Overview
- Table 20 Adchem Joint Stock Company: Company Overview
- Table 21 Adchem Joint Stock Company Financial Overview
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook