Vietnam Paints| Coatings Market| Chemicals |2022

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Boost in the real estate sector in Vietnam due to implementation of Housing Law and the Law on Real Estate Business, effective July 1st, 2015, has allowed foreigners and other Vietnamese to legally own, sell and transfer properties, which is driving demand for decorative paints in the country.

Additionally, rising trend towards renovation and repairing of houses in the country is expected to augment demand for decorative paints over the next five years.

According to “Vietnam Paints & Coatings Market By Resin Type, By Technology, By Application, By Region, Competition Forecast & Opportunities, 2012 - 2022”, Vietnam paints & coatings market is expected to reach $ 585 million by the end of 2022 on account of rising demand for paints & coatings from the country’s construction and manufacturing sectors.


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