Vietnam Decorative Paints Market to grow at an impressive CAGR through 2028
The rise in government projects and investments by
companies are expected to drive the Vietnam decorative paints market during the
forecast period.
According to the TechSci Research report, “Vietnam
Decorative Paints Market - By Region, Competition, Forecast &
Opportunities, 2028,” the decorative paints market in Vietnam is expected
to register a robust CAGR during the forecast period. Decorative painting is a type of paint used to change
the appearance of a surface, regardless of size or object. The purpose is to
improve the appearance of existing substrates and, in some cases, to increase
the strength and durability of applied coatings. Materials that can be involved
on non-walkable surfaces as well as effect surfaces like furnishings, tables,
seats, and floors. In this sense, walls are undoubtedly one of the surfaces on
which decorative paints are most often used as coatings. Indoors in residential
and commercial facilities, and of course outdoors. However, the latter usage is
less common. Not all paints are suitable for outdoor applications as they are
not resistant to sunlight, water, and other weather influences.
The Vietnam decorative paints market is segmented
based on the product type, type of paint, application, sales channel, end user,
and region. Based on type of paint, the market is bifurcated into emulsion,
enamel, distemper, primer, textures, and others. During the projected period,
the emulsion segment is expected to dominate the market. When comparing
emulsion paint with oil-based paints, one will find that they are less toxic
i.e., products with minimum volatile organic compounds. Emulsion paints have a
washability marker of medium to high level. Washability has a lot to do with
surface luster. While most sheen paints can be wiped, some emulsion paints can
be washed, depending on the product.
Browse over XX market data Figures spread through 80 Pages and an in-depth TOC on the "Vietnam Decorative Paints Market."
Emulsion paint is available in various finishes, such
as glossy, semi-glossy, eggshell, matt, and smooth. The quality or color of the
paint is not affected when it is exposed to water, making it easy to clean.
Various techniques can be used to apply the paint. Spraying, dipping, flow,
roller, and brushing are some of the methods you can use. Emulsion paint is
non-inflammable and has less odor. One can use emulsion paint on your walls and
ceiling as it is thick and easy to use. It is ideal for humid environments like
the kitchen and the bathroom. There are many types of emulsion paints. These
colors are formulated for different purposes, as they have distinct
characteristics.
Emulsion paints used for housing exteriors have
different properties from interior paints. Each finish has its advantages. The
matte finish is perfect for imperfect walls and provides a long-lasting soft
sheen. Glossy paint, on the other hand, is best suited for perfectly finished
walls, as imperfections are more visible on glossy surfaces. This paint is made
with the occasional scrub in mind. It is also stain-resistant. For interiors,
more rigid resins are used, as the paint is less affected by changing climatic
conditions and temperature changes. Paints made for the exterior of your home
must be able to resist mildew and fading. This paint uses a soft resin that is
resistant to temperature changes. The paint must be resistant to peeling and
must be durable enough not to chip or dull even when exposed to sunlight. Due
to exposure to rain, the paint may need to be waterproof. Emulsion paint is a
very versatile medium with many possibilities.
Key market players in the Vietnam Decorative Paints
Market: -
- Akzo Nobel Coatings Vietnam Ltd.
- Nippon Paint Vietnam TU
- TOA Paint Vietnam Limited Company
- Jotun Paints (Vietnam) Co., Ltd.
- Hanoi General Paint Joint Stock Company
- Conwood Company Limited
- Kansai Paint Co., Ltd - Alphanam
- 4 Oranges Co., Ltd.
- PPG Paints Vietnam
- Kova Paint Company Limited
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"The Government of Vietnam is keen on focusing
its infrastructure. It has been announcing projects, such as affordable
housing, for the infrastructural development of the country. This has kept
investors on their toes as Vietnam is shaping its economy for tourism and
investment purpose. During the forecast period, the emulsion segment is
expected to dominate the decorative paints market in the country due to its
property of being nontoxic and emitting less volatile organic compounds,"
said Mr. Karan Chechi, the Research Director at TechSci Research, a
research-based global management consulting firm.
Vietnam Decorative Paints Market By Product Type
(Water Based, Solvent Based), By Type of Paint (Emulsion, Enamel, Distemper,
Primer, Textures, and Others), By Application (Exterior, Interior), By Sales
Channel (Offline, Online), By End User (Residential, Non-Residential), By
Region, Competition Forecast & Opportunities, 2028 has evaluated
the future growth potential of Vietnam decorative paints market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities Vietnam Decorative Paints Market.
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