DUBLIN, July 24, 2024 (GLOBE NEWSWIRE) — The “Vietnam Polyvinyl Chloride (PVC) Resin Import Research Report 2024-2033″ has been added to ResearchAndMarkets.com’s offering. PVC-based materials are vital across a wide range of industries, both in terms of production and use, including construction, automotive, cables, medical devices and packaging. According to the publisher, the major PVC producers in Asia Pacific include Shin-Etsu Chemical, Mitsubishi Chemical, Formosa Plastics Group and LG Chem. Other important global producers include Westlake Chemical, Occidental Petroleum and INEOS.
       In Vietnam, PVC-based materials are widely used in manufacturing industries such as construction and automotive parts. Rapid urbanization, infrastructure construction and the growth of the manufacturing industry have driven the demand for PVC in Vietnam. Analysis shows that due to limited domestic production capacity, Vietnam has to import a large amount of PVC every year. Overall, PVC is a key material in the plastics industry, which is interrelated with other manufacturing industries, and its use is increasing with the development of Vietnam’s industry and economy. In recent years, Vietnam’s manufacturing industry has grown rapidly, and the plastics industry and related industries (such as construction, automotive parts, cables, textiles and consumer goods) have great expansion potential. According to the publishing house, there are currently about 4,000 plastic manufacturing companies in Vietnam, and the plastics industry is thriving, attracting many international investors. In 2023, Vietnam imported 6.82 million tons of plastic raw materials, worth $9.76 billion. Vietnam’s plastic product exports are expected to reach US$3.15 billion in 2024, indicating that Vietnam’s downstream industries have strong demand for synthetic resins and that domestic synthetic resin market demand continues to grow. The publisher said that Vietnam’s domestic plastics industry lacks sufficient raw material production capacity and relies on imports for about 70% of its raw materials. Vietnam’s total PVC resin imports are expected to be around US$550 million in 2023. According to the publisher, from January to May 2024, Vietnam’s cumulative imports of PVC products reached around US$300 million, indicating continued growth in market demand. The analysis identified the main sources of Vietnam’s PVC resin imports from 2021 to 2024, including Mainland China, Taiwan, and Japan. The main companies exporting PVC to Vietnam include PT. Asahi Chemical, Formosa Plastics, IVICT, etc. The main importers of PVC in Vietnam include both local plastic material and product manufacturers, distributors and logistics companies, and foreign-invested enterprises. Companies such as Vinacompound, Jinka Building Materials Technology and Vietnam Sunrise New Materials are important players in the market. Overall, as Vietnam’s population grows and its manufacturing industry further develops, demand for PVC will continue to grow. The publisher predicts that PVC imports to Vietnam will maintain an upward trend in the next few years. Topics covered:
       Key topics:1 Overview of Vietnam1.1 Geographical overview of Vietnam1.2 Economic situation in Vietnam1.3 Demographic data of Vietnam1.4 Vietnam domestic market1.5 Recommendations for foreign companies entering Vietnam plastic raw materials market2 Analysis of PVC imports in Vietnam (2021-2024)2.1 Scale of PVC imports in Vietnam2.1.1 Value and volume of PVC imports in Vietnam2.1.2 PVC import price in Vietnam2.1.3 Apparent consumption of PVC in Vietnam2.1.4 PVC dependence on imports in Vietnam2.2 Main sources of PVC imports in Vietnam3 Analysis of the main sources of PVC imports in Vietnam (2021-2024)3.1 China3.1.1 Import value and volume analysis3.1.2 Average import price analysis3.2 Taiwan3.2.1 Import volume value and quantity analysis3.2.2 Average import price analysis3.3 Japan3.3.1 Analysis of value and volume import3.3.2 Average Import Price Analysis3.4 United States 3.5 Thailand 3.6 South Korea 4 Analysis of Major Suppliers in Vietnam PVC Import Market (2021-2024) 4.1 PT. ASAHIMAS CHEMICAL4.1.1 Company Introduction4.1.2 PVC Export Analysis to Vietnam4.2 Formosa Plastics4.2.1 Company Introduction4.2.2 PVC Export Analysis to Vietnam4.3 IVICT4.3.1 Company Introduction4.3.2 PVC Export Analysis to Vietnam5 Analysis of Major Importers of Vietnam PVC Import Market (2021-2024)5.1 Vinacompound5.1.1 Company Introduction5.1.2 PVC Import Analysis5.2 JINKA Building Materials Technology5.2.1 Company Introduction5.2.2 PVC Import Analysis5.3 RISESUN NEW MATERIAL5.3.1 Company Introduction5.3.2 PVC Import Analysis6. 6.1 Analysis of Monthly Import and Import Volume in Vietnam 6.2 Forecast of Average Monthly Import Prices 7. Key Factors Affecting PVC Import in Vietnam 7.1 Policy 7.1.1 Current Import Policy 7.1.2 Forecast of Import Policy Trends 7.2 Economic Factors 7.2.1 Market Price 7.2.2 Growth Trend of PVC Production Capacity in Vietnam 7.3 Technical Factors 8. Vietnam PVC Import Forecast for 2024-2033
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