The industrial paint industry is still rich in development potential

According to the assessment of many economic experts, the paint business; including industrial paint, which still has great potential, thanks to the construction and industrial sectors. Although the economy is still difficult, the profit margin that this industry brings is still quite stable…

Vietnam is one of the countries with the highest construction speed in the Asia-Pacific region, so the demand for water-based paint is also increasing, due to the development of the fields of construction, interior decoration, Industrial and automotive preservation…

In the paint and coatings market in general, products of domestic enterprises have a significant market share. Statistics show that Vietnam currently has 600 paint industry enterprises; Of these, 70 enterprises are foreign-invested, accounting for about 65% of the market share, with the presence of many big brands from countries such as the Netherlands, Japan, Thailand and the US.

Regarding growth potential, Vietnam’s paint and coatings industry is predicted to increase from 383 million USD in 2018 to 459 million USD by the end of 2022. This industry has recorded steady growth in recent years. , due to the active development of the construction sector.

In Vietnam, famous foreign paint companies such as: PPG, Jotun, AkzoNobel, Nippon Paint, 4 Oranges… have built a reputation, with a full range of products; In particular, each type of exterior paint has its own unique features. In addition to being an interior and exterior decorative paint, it also serves many purposes such as coating color-coated corrugated iron, factory structures, airports, shipbuilding, and wood. , beverage shells.

Therefore, ordinary consumers will often know little or not about these paint brands. A typical example is PPG Group from America. This is a “giant” in the paint industry, considered to have the largest market share in the world, established in 1883. Currently, PPG paint has top quality in the field of manufacturing and supplying paint systems. industrial paint, protective paint, marine paint, automobile paint, aircraft paint, motorbike paint, surface coating and is present in over 70 countries.