Monday, March 6, 2023

Email id:, Contact Us : +91-9871552944

Home Manufacturing And Construction Increase in Construction Activities Expected to Drive Vietnam Cement Industry: Ken Research

Increase in Construction Activities Expected to Drive Vietnam Cement Industry: Ken Research

According to study, “Vietnam Cement Comprehensive Report Q4/2019” the key companies operating in the Vietnam cement industry are Ha Tien 1 Cement Joint Stock Company, VICEM Hoang Thach Cement Company, VissaiNinhBinh Cement Corporation., VICEM But Son Cement Joint Stock Company, Nghi Son Cement Company, VICEM Hoang Mai Cement Joint Stock Company, Bim Son Cement Joint Stock Company, QuangNinh Cement and Construction Joint Stock Company, Thang Long Cement Joint Stock Company, Sai Son Cement Joint Stock Company. The depletion of fossil fuel reserves and rise in environmental concerns have prompted cement manufacturers to introduce improved production methods & formulations. Key companies are forming mergers & acquisitions (M&A) and joint ventures to increase their market presence & product portfolio. Rapid investments are being made by companies to expand their capacities.

Vietnam Cement IndustryCement is a construction material made by grinding a combination of clay and limestone. It binds together other materials through a blend of chemical processes collectively known as setting. It is a dry powder. It is an important constituent of mortars or concretes as it acts as the ‘glue’ that gives strength to structures.Depending on its capability to set in the existence of water, it is categorized as hydraulic and non-hydraulic. Hydraulic cement hardens quickly owing to a chemical reaction between water and dry ingredients. Non-hydraulic cement reacts with carbon dioxide (CO2) in the environment to set and provides optimal resistance against chemicals. Cement is a backbone of the infrastructure sector as it is utilized for mass constructions, for instance civil works, industrial estates and dwellings.

Based on type, Vietnam cement industry is segmented into blended cement (slag, limestone, pozzolana, slag), Portland cement and others (colored cement, composite cement, low-alkali cement, air-entraining cement). Blended cement segment holds major share in market owing to its characteristics for instance improved workability & pump ability, reduced water demand and reduced crack formation due to thermal stress. Portland cement is used to produce concrete which is further used in the construction of panels, beams, and in mega-structures such as roads and dams. The segment is estimated to witness higher growth rate as it can be used for all basic type of construction purposes during the forecast period. Portland cement is further divided based on their chemical and physical properties. In addition, based on end-use, market is segmented into commercial construction, residential construction, and infrastructure.

The Vietnam cement industry is driven by increase in construction activities, followed by expansion of civil engineering sector, increase in disposable income, favorable demographics, growth in demand for green cement, rise in urbanization and increase in infrastructure projects in developing regions. However, danger of getting exposed to diseases for instance lung cancer may impact the market. Moreover, rise in investment by government on residential as well as public work sectors is a key opportunity for market. Furthermore, growth in trend of nuclear families is a major trend for market.

In upcoming years, it is predicted that the Vietnam cement market will be reached at rapid pace as a result of growth in development in technology & commercial establishments, increase in need for accommodation, and rise in disposable income during the forecast period.

For More Information, refer to below link:-

Vietnam Cement Industry

Related Reports:-

Global Portland Cement Market Research (2015-2019) and Future Forecast (2020-2025)

Global Polymer Modified Cementitious Coating Market Research (2015-2019) and Future Forecast (2020-2025)

Global Cementing Unit Market Research (2015-2019) and Future Forecast (2020-2025)

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications


Global Mobile Cobots Market is expected to record a positive CAGR of ~ 20% during the forecast period (2022-2028) – Ken Research

Buy Now Global Mobile Cobots Market By Payload Capacity The Global Mobile Cobots market is segmented by Payload Capacity into 5-10 kg, >10 kg. The >10 kg...

Global Mobile Cobots Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 – Ken Research

Buy Now What Is The Size Of Global Mobile Cobots Industry? Global Mobile Cobots market is growing at a CAGR of ~% in 2017-2022 and is...

Global Flat Glass Market Size Is Expected To Reach ~US$ 160 Bn By 2028 – Ken Research

Buy Now Competition Scenario In Global Flat Glass Market The Global Flat Glass Market is highly competitive with ~300 players which include globally diversified players, regional...

Most Popular

Global Medical Tapes Market Is Expected To Grow Further To A Size Of ~US$2 Billion By 2028 At A CAGR Of ~6% During The...

Buy Now Global Medical Tapes market By Geography The Global Medical Tapes market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North...

Global Water Desalination Equipment market expected to record a CAGR of ~8% during the forecast period (2017-2028): Ken Research

Buy Now What Is The Size Of Global Water Desalination Equipment Industry? Global Water Desalination Equipment market is growing at a CAGR of ~% in 2017-2022...

Increasing tourism, Internet penetration rate, urbanization and Innovation in technologies are driving Vietnam car rental market: Ken Research

Buy Now 1.  The urban population is rapidly increasing due to the number of immigrants, economic reforms as well as higher living standards The six largest...

Revenue from the China LED Lightning market is expected to be ~ Mn in 2027F owing to local energy saving targets & rising urbanization...

Buy Now The China LED Lightning market is moderately consolidated with a few players occupying almost half of the market. The key players operating in...