hot selling Secondary Plasticizers Vietnam

  • hot selling Secondary Plasticizers Vietnam
  • hot selling Secondary Plasticizers Vietnam
  • hot selling Secondary Plasticizers Vietnam
  • Does Vietnam have a plastics market?
  • Vietnam’s rapidly expanding plastics market is an attractive proposition to providers of innovative technologies. The country’s plastics market is projected to register a CAGR of more than 10% yearly from 2021-2026, according to Mordor Intelligence.
  • Are foreign companies investing in Vietnam's plastics industry?
  • Many foreign companies, in partnership with local Vietnam-based entities, are pouring large amounts of investments into Vietnam’s plastics manufacturing sector. For instance, in the construction plastics segment, the TienPhong Plastic JSC (NTP) and Binh Minh Plastic JSC (BMP) account for the bulk of the total market share.
  • How much plastic waste is piled up in Vietnam?
  • The World Bank has placed Vietnam among the top 4 countries with high volume of plastic waste. At 280,000 tons yearly, the country’s linear economy where the “take-make-dispose” model prevails has contributed to the huge plastic waste pile up.
  • What are plasticizers used for?
  • Plasticizers are essential additives used in the molding and processing of various plastics, notably polyvinyl chloride (PVC), a material prevalent in products like wallpaper, flooring, and wires. The acquisition comes at a time when the Vietnamese domestic market for plasticizers is poised for growth, expected to increase by 3.7% annually.
  • Why is SCG partnering with TPC & Petro Vietnam?
  • Thailand’s SCG Chemicals Co. Ltd has partnered with Thai Plastic and Chemicals Public Company (TPC), Qatar Petroleum International (QPI), and Petro Vietnam in building an integrated petrochemical complex located in Long Son Commune of Ba Ria-Vung Tau Province. The partnership aims to help SCG to produce and sell plastics to the Vietnamese market.
  • Why is Vietnam's construction industry a thriving sector?
  • Aside from packaging, Vietnam’s construction industry is a thriving sector as it accounts for about 25% of plastics industry’s output. As the construction industry recovers and more infrastructure and housing projects get implemented, the demand for plastics as input is expected to rise.

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