PUBLISHER: TechSci Research | PRODUCT CODE: 1074110
PUBLISHER: TechSci Research | PRODUCT CODE: 1074110
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Vietnam surface treatment market is expected to grow at a significant rate during the forecast period. The market growth can be attributed to the increasing initiatives by the government to improve road infrastructure and increasing use of cleaning chemicals in various end user industries such as transportation, industrial machinery, and aerospace. Surface treatments are widely used across various end-user industries such as packaging, industrial machinery, construction, among others as they offer corrosion resistance, wear resistance, etc. Besides, rising demand for non-electrolytics and growing focus on innovating and developing eco-friendly products are driving the growth of the Vietnam surface treatment market in the coming years. Additionally, greater demand for surface treatment from metalworking industry and increasing industrialization across the country are adding to the growth of the Vietnam surface treatment market in the forecast period. Moreover, increasing application of cleaning chemicals in automobiles and growing infrastructural activities are expected to propel the growth of the Vietnam surface treatment market. Increasing use of chemicals in both residential and commercial infrastructure and development of heavy machinery are driving the growth of the Vietnam surface treatment market in the forecast period.
Vietnam surface treatment market is segmented on the basis of chemical type, material, end-user, company, and region. Based on chemical type, the plating chemicals segment is expected to dominate the Vietnam surface treatment market in the coming years owing to the growing suitability of plating chemicals across various end-user industries such as transportation, industrial machinery, construction, etc. Based on the end-user, the market is divided into transportation, construction, general industry, packaging, industrial machinery, and others. The transportation segment is expected to hold the largest share in the Vietnam surface treatment market owing to increasing number of vehicles and improving road infrastructure.
Henkel AG, Chemetall, Nihon Parkerizing, PPG, Nippon Paint Holdings, Oerlikon Group, JCU Corporation, Derivados Del Fluor, Solvay, McGean Specialty Chemicals, Yuken Industry, Politeknik Metal, Platform Specialty Products Corp etc. are the leading players in the Vietnam surface treatment market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F
Objective of the Study:
TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of surface treatment companies in Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include companies that could not be identified due to the limitations of secondary research. TechSci Research analyzed chemical type, material, end-user and regional presence of all major surface treatment companies across the country.
TechSci Research calculated the market size for the Vietnam surface treatment market using a bottom-up approach, where manufacturers' value sales data for different chemical types (cleaners, plating chemicals, conversion coating & others) was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective service providers to arrive at the overall market size. Various secondary sources such as all Vietnam surface treatment companies, associations, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.
Key Target Audience
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as surface treatment companies and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.
Report Scope
In this report, Vietnam surface treatment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Competition Benchmarking: Benchmarking of leading 10 players
Company Profiles
Detailed analysis of the major companies present in the Vietnam surface treatment market.
Available Customizations
With the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report:
Channel Partner Analysis
Company Information
Product Information