PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566032
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566032
Vietnam Aluminum Market, By Series; By Processing Method; By End Use Industry, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Vietnam Aluminum Market Booming at CAGR of 9.8% to Surpass USD 7 Billion by 2030
Vietnam Aluminum Market is thriving due to rapid technological developments, increasing manufacturing, a rising demand for the material in transportation and packaging, increasing exports, and supportive government policies that encourage manufacturing sector across the country.
BlueWeave Consulting, a leading strategic consulting, and market research firm, in its recent study, estimated Vietnam Aluminum Market size by value at USD 3.81 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Aluminum Market size to expand at a CAGR of 9.80% reaching a value of USD 7.01 billion in 2030. The driving factors for Vietnam Aluminum Market include rapid industrialization and urbanization, boosting demand for aluminum in the construction, automotive, and packaging sectors. Growing foreign direct investments (FDIs) in Vietnam's manufacturing sector are spurring aluminum consumption. The shift toward lightweight materials in industries like transportation and electronics further enhances demand. Additionally, the Vietnamese government's supportive policies, along with increasing infrastructure projects, contribute to market growth. The rising need for energy-efficient and recyclable materials also favors aluminum's adoption across industries.
Opportunity - Growing Demand for Electrical and Electronic Equipment
Growing demand from the power and electronics sector is expected to further boost the growth of Vietnam Aluminum Market. Aluminum is widely used in electrical cables, connectors, and components due to its excellent conductivity, lightweight characteristics, and corrosion resistance. The rapid expansion of Vietnam's electronics manufacturing industry, coupled with increasing consumer demand for smartphones, computers, and appliances, is boosting aluminum consumption. This trend is expected to continue as Vietnam strengthens its position as a key electronics production hub in Southeast Asia.
Impact of Escalating Geopolitical Tensions on Vietnam Aluminum Market
Increasing geopolitical tensions could significantly affect the Vietnam Aluminum Market through disruptions in global supply, price volatility, and reduced availability of aluminum raw materials. Trade restrictions tariffs a levies on major aluminum producers could raise costs for Vietnamese producers, affecting output. Further, increased uncertainty could reduce foreign investment and slow infrastructure development, reducing demand for aluminum in sectors such as construction and automotive but Vietnam's strategic location in ASEAN provides opportunities for markets and local cooperation.
Flat Rolled Processing Method Leads Vietnam Aluminum Market
The flat rolled segment is the largest processing method in Vietnam Aluminum Market. It includes materials, such as fabrics, plates, and textiles, which are widely used in manufacturing, packaging, and transportation. The demand for flat-rolled aluminum is driven by its versatility, lightweight characteristics, and high strength, which make it ideal for various applications. The growing manufacturing and automotive sectors in Vietnam also contribute significantly to the flat rolled segment's leadership position over other major processing methods including Road & Bar, Casting, Extrusions, Forgings, and Pigments & Powder.
Competitive Landscape
Vietnam Aluminum Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Dong Duong Aluminum Company Limited, Aicomex Company Limited, Qingdao Zhongwangsanchang Aluminum Industry Co., Ltd, Vietnam LSI Cooler Company Limited, Aluminum Vietnam Company Limited, Foshan Shunde Goodwill Metal Work Co., Ltd, and Kama Vina Joint Stock Company. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Vietnam Aluminum Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Vietnam Aluminum Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Aluminum Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Vietnam Aluminum Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Demand from the Automotive Industry
- 3.2.1.2. Growth in Construction and Infrastructure
- 3.2.1.3. Expansion of the Packaging Industry
- 3.2.2. Restraints
- 3.2.2.1. Fluctuations in Raw Processing Method Prices
- 3.2.2.2. Environmental Concerns
- 3.2.3. Opportunities
- 3.2.3.1. Rising Demand for Electrical and Electronics
- 3.2.3.2. Advancement in Technology
- 3.2.4. Challenges
- 3.2.4.1. Competition from Alternative Processing Methods
- 3.2.4.2. Leakage Issues
- 3.2.1. Growth Drivers
- 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 Aluminum Market Marketing Strategies
5. Vietnam Aluminum Market: Pricing Analysis
6. Vietnam Aluminum Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Series
- 6.2.1.1. Series 1
- 6.2.1.2. Series 2
- 6.2.1.3. Series 3
- 6.2.1.4. Series 4
- 6.2.1.5. Series 5
- 6.2.1.6. Series 6
- 6.2.1.7. Series 7
- 6.2.1.8. Series 8
- 6.2.2. By Processing Method
- 6.2.2.1. Road & Bar
- 6.2.2.2. Flat Rolled
- 6.2.2.3. Casting
- 6.2.2.4. Extrusions
- 6.2.2.5. Forgings
- 6.2.2.6. Pigments & Powder
- 6.2.3. By End Use Industry
- 6.2.3.1. Transportation
- 6.2.3.2. Building & Construction
- 6.2.3.3. Electrical Engineering
- 6.2.3.4. Consumer Goods
- 6.2.3.5. Foil & Packaging
- 6.2.3.6. Machinery & Equipment
- 6.2.3.7. Others
- 6.2.1. By Series
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. Vietnam Aluminum Company Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on Vietnam Aluminum Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. Dong Duong Aluminum Company Limited
- 9.2. Aicomex Company Limited
- 9.3. Qingdao Zhongwangsanchang Aluminum Industry Co., Ltd
- 9.4. Vietnam LSI Cooler Company Limited
- 9.5. Aluminum Vietnam Company Limited
- 9.6. Foshan Shunde Goodwill Metal Work Co., Ltd
- 9.7. Kama Vina Joint Stock Company
- 9.8. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Country
- 11.5. 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 Aluminum Segmentation
- Figure 2 Vietnam Aluminum Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Vietnam Aluminum Market Size, By Value (USD Billion), 2019-2030
- Figure 5 Vietnam Aluminum Market Share, By Series, By Value, 2019-2030
- Figure 6 Vietnam Aluminum Market Share, By Processing Method, By Value, 2019-2030
- Figure 7 Vietnam Aluminum Market Share, By End Use Industry, By Value, 2019-2030
List of Tables
- Table 1 Vietnam Aluminum Market Size, By Value (USD Billion), 2019-2030
- Table 2 Vietnam Aluminum Market Size, By Series, By Value, 2019-2030
- Table 3 Vietnam Aluminum Market Size, By Processing Method, By Value, 2019-2030
- Table 4 Vietnam Aluminum Market Size, By End Use Industry, By Value, 2019-2030
- Table 5 Dong Duong Aluminum Company Limited Company Overview
- Table 6 Dong Duong Aluminum Company Limited Financial Overview
- Table 7 Aicomex Company Limited Company Overview
- Table 8 Aicomex Company Limited Financial Overview
- Table 9 Qingdao Zhongwangsanchang Aluminum Industry Co., Ltd Company Overview
- Table 10 Qingdao Zhongwangsanchang Aluminum Industry Co., Ltd Financial Overview
- Table 11 Vietnam LSI Cooler Company Limited Company Overview
- Table 12 Vietnam LSI Cooler Company Limited Financial Overview
- Table 13 Aluminum Vietnam Company Limited Company Overview
- Table 14 Aluminum Vietnam Company Limited Financial Overview
- Table 15 Foshan Shunde Goodwill Metal Work Co., Ltd Company Overview
- Table 16 Foshan Shunde Goodwill Metal Work Co., Ltd Financial Overview
- Table 17 Kama Vina Joint Stock Company: Company Overview
- Table 18 Kama Vina Joint Stock Company Financial Overview
