Thursday, August 11, 2022

Email id: support@kenresearch.com, Contact Us : +91-9015378249

Home Metal Mining and Chemicals Chemicals Rise in Adoption of New Technologies Expected to Drive Vietnam Chemical Industry:...

Rise in Adoption of New Technologies Expected to Drive Vietnam Chemical Industry: Ken Research

Chemical industry is one of the ancient industries within manufacturing. It plays an important role in meeting the day to day needs of the common man and also contributes significantly towards industrial & economic growth of a nation.

Chemical is any substance comprising of matter. This includes any solid, liquid, or gas. It is any mixture (a solution, compound, or gas) or any pure substance (an element). It is classified as natural occurrence chemicals and artificial chemicals. Natural occurrence chemicals are naturally present in the environment such as mercury, pyrite, silica, arsenic, asbestos, and radon. Whereas, artificial chemicals are created by humans and do not occur in nature such as polyvinil chloride (PVC) and Baquelite etc.

According to study, “Vietnam Chemical Industry Comprehensive Report Q4/2019” the key companies operating in the Vietnam chemical industry are Petrovietnam Fertilizer And Chemicals Corporation (DPM), Petro Vietnam Ca Mau Fertilizer Joint Stock Company (DCM), Binh Dien Fertilizer JSC (BFC) (BFC), Duc Giang Detergents And Chemicals Joint Stock Company (DGC), Lam thao Fertilizers and Chemicals Joint Stock Company (LAS), Vietnam Fumigation Joint Stock Company (VFG), Dry Cell And Storage Battery Joint Stock Company (PAC), Southern Basic Chemicals Jsc (CSV), Lix Detergents Joint Stock Company (LIX), Saigon Plant Protection Joint Stock Company (SPC). The key chemical companies are adopting digital technologies to increase the profitability of their operations & improve supply chain management. By building digitally enabled smart chemicals plants, manufacturers are scaling up their operations allowing them to gain end-to-end financial visibility. This digital integration reduced risk, better waste management, optimization of the production network, and most of all better workforce safety.

Based on type, Vietnam chemical industry is segmented into commodity chemicals, industrial gases, specialty chemicals, and fertilizers & agricultural chemicals. Commodity chemicals are further sub-segmented into petro-based commodity chemicals and coal-based commodity chemicals. Petro-based commodity chemicals include poly-propylene (PP), poly-ethylene (PE) and polyamide. Coal-based commodity chemicals include methanol and polyvinylchloride (PVC). Industrial gases include propane, argon, nitrogen, carbon dioxide (CO2), helium, neon, welding & cutting gas chemicals, oxy-gasoline welding chemical, carbon monoxide syngas, oxy-acetylene welding chemical, mapp gas welding chemicals, oxy-gasoline welding chemical, and acetylene. Specialty chemicals are further sub-segmented into specialty polymers, paints & coating chemicals, rubber chemicals, printing inks chemicals, plastic additives chemicals, dyes & pigments chemical, cosmetic chemicals, textile chemicals, detergent chemicals, flavor & fragrances chemicals, paper chemicals and water chemicals etc. Paints & coating chemicals include organic coating chemicals (polyurethane coating and alkyd coating chemicals) and inorganic coating chemicals (ceramic coating chemicals, acrylic coating chemicals and intumescent coating chemicals). Rubber chmeicals include Polychloroprene (CR), Polyurethane (PU) and Epichlorohydrin (ECO). Detergent chemicals include non-ionic surfactants chemicals and anionic surfactants chemicals. Flavors & fragrances chemicals include synthetic fragrances chemicals and natural fragrances chemicals (Triethyl citrate synthetic and Vanillin synthetic). In addition, fertilizers & agricultural chemicals are further sub-segmented into plant growth regulator chemicals, pesticide chemicals and fertilizer chemicals. Pesticide chemicals include bio-pesticide chemicals, insecticide chemicals, fungicide chemicals and herbicide chemicals. Fertilizers include nitrogenous chemicals, potassic chemicals and phosphatic chemicals.

The Vietnam chemical market is driven by rise in adoption of new technologies & innovative construction procedures, followed by growth in economy, increase in demand from flavors & fragrances industry and growth in new application development areas. However, stringent environmental regulations and low awareness among consumers may impact the market. Moreover, increase in awareness regarding energy conservation or sustainable infrastructure is a key opportunity for market.

In upcoming years, it is predicated that the Vietnam chemical industry is reached at rapid pace on account of increase in focus on research & development (R&D) and rise in population during the forecast period.

For More Information on the research report, refer to below link:-

Vietnam Chemical Industry

Related Report:-

World Chemical Agricultural Colorants Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

RELATED ARTICLES

Global Omega 3 Market Size – Industry Share, Growth, Major Players and Future Outlook 2027: Ken Research

Buy Now Omega-3 is a nutrient that you get from food or supplements that helps in building and maintaining a healthy body. According to the...

What are the current trends in the Organic Acids Market : Ken Research

Buy Now Organic acids are organic compounds having weak acidic properties and do not dissolve completely in water. They essentially have carbon and hydrogen atoms...

Graphite Block Market Growth is driven by Expansion of Lithium Ion Battery Industry: Ken Research

Buy Now Graphite is an allotropic carbon compound with the hexagonal crystalline structure. Graphite is one of the occasional class of non-metals with robust thermal...

Most Popular

Global 5G in Healthcare Market Growth is driven by Adoption of Advanced Technologies: Ken Research

Buy Now 5G, the fifth generation of cellular wireless technology, has the potential to deliver the massive connection power and fast speeds that can assist...

Europe Floating Power Plant Market Size and Growth, Market Outlook and Forecast by Revenue 2027: Ken Research

Buy Now Floating Power Plant Market Definition and Overview A Floating Power Plant (FPP) is a power generation unit that is located on a platform, floating...

Malaysia Electric Two-Wheeler Market Size 2022 COVID-19 Impact Analysis by Business Opportunities, Key Manufacturers, Growth Drivers and Future Outlook 2026: Ken Research

Buy Now Overview of Malaysia Electric Vehicle Industry Size: Electric Two-Wheeler Market in Malaysia recorded a positive CAGR of xx% on the basis of revenue...

India Digital Lending Market, Industry Revenue, Sales, Shares, Market Future Outlook : Ken Research

Buy Now Market Overview Digital lending is one of the fastest-growing fintech sectors in India, and it will continue to expand substantially in the coming years....