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