Growing Trends In Vietnam Building Materials Market Outlook: Ken Research

Vietnam Building Materials Market

According to the report analysis, ‘Vietnam Building Materials Comprehensive Report Q1/2020’ states that in the Vietnam Building market there are several companies which presently operating more effectively for leading the fastest market growth and registering the handsome value of market share around the region during the forecast duration while delivering the better consumer satisfaction, decreasing the linked cost, spreading the awareness related to the building materials, implementing the profitable strategies, studying and analyzing the competitor’s strategies, employing the young workforce and developing the applications and specifications of the production technologies includes MIKADO TECHNOLOGY AND TRADING JOINT-STOCK COMPANY, Prime VinhPhuc Joint Stock Company, Prime Tien Phong Joint Stock Company, Hoan My Co., Ltd, Prime Dai Viet Joint Stock Company, VITTO VinhPhuc Co., Ltd, Gom Su Taicera Industry Joint Stock Company, V.T.C INTERNATION CERAMICS JOINT STOCK COMPANY, PRIME DAI LOC JOINT STOCK COMPANY, Viglacera Ha Long joint stock company and several others.

During the present era, Vietnam’s brick, tile and flooring stone industry registers for a moderately low section in the structure of construction materials industry and is moderately regional in nature. During Q1 / 2019, the clay and kaolin exploitation capacity augmented by 51% compared to the same duration of 2018; the condition of illegal clay exploitation took place very convoluted in several localities throughout the region such as Kon Tum, Ha Tinh, TraVinh.

The natural stone exploitation capacity in Q1/2019 is predicted to deduct by 35.1% compared to the same duration of 2018 owing to the situation that quarries with great exploitation output are perished and the Government is recently tightening fresh stone mining licenses from now until 2020.

Throughout Q1 / 2019, the baked clay bricks establishment registered for 70% of the entire brick capacity nationwide in 2018, deducted by 2% compared to 2017 owing to the trend of shifting to utilizing the unburnt bricks, leading to the great inventory of burnt clay bricks, businesses with measured consumption should gradually decrease the production.

The import turnover of bricks and tiles in Q1/2019 deducted by 15.3% compared to 2018 owing to the low domestic requirement but the moderately abundant supply. The tile exports in Q1/2019 were predicted to rise 10.4% over the same duration in 2018. The US-China trade war is an occasion for Vietnam to boom export of ceramic tiles to the US market.

Not only has this, the export turnover of paving stones in Q1/2019 was predicted to deduct by 33% compared to the same duration in 2018, but Vietnam’s export turnover was still very low associated to production volume due to the lower domestic stone production quality. The import turnover of paving stones deducted slightly by 3.4% compared to 2018.

Whereas, the large and organized players in the Vietnam Building Material market are effectively and actively acquiring the small and unorganized players or enterprises and implementing the policies and strategies of joint ventures, mergers and acquisitions, partnership, amalgamation, collaborations, new product development and several others for ruling across the globe, obtaining the competitive edge and generating the effective percentage of revenue. Therefore, in the coming years, it is predicted that the market of building material will increase around the region more significantly over the near duration.

For More Information, refer to below link:-

Vietnam Building Materials Industry

Related Report:-

Global Building Materials Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

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Ken Research

Ankur Gupta, Head Marketing & Communications


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