hot selling Plasticizers Products-ICT Vietnam

  • hot selling Plasticizers Products-ICT Vietnam
  • hot selling Plasticizers Products-ICT Vietnam
  • hot selling Plasticizers Products-ICT Vietnam
  • What is the main export plastic product of Vietnam's plastic industry?
  • Packaging plastic is also the main export plastic product of Vietnam's plastic industry. Despite having the advantages of low production costs, the export market for plastic bags and packaging is facing some difficulties. However, such obstacles do not heavily affect domestic plastic packaging enterprises.
  • What are the major companies in Vietnam's plastics market?
  • There are also major companies in Vietnam’s plastics market that are engaged in the production of plastic resins and compounds such as Far Eastern New Century, Nghi Son Refinery and Petrochemical (NSRP), Hyosung Chemicals, Billion Industrial Holdings Co. Ltd, and SCG Chemicals Co. Ltd, among others.
  • Where do plastic products come from in Vietnam?
  • Plastic products can be formed from primary plastic materials or recycled plastic materials. Currently, Vietnam's plastic industry is only self-sufficient about 15-35% of raw materials depending on the type of products. The rest are imported from China, Korea, Japan and the ASEAN region.
  • What is Vietnam's construction plastics industry?
  • Vietnam's construction plastics segment accounts for around one-fourth of the total plastics industry. Developing the construction and real estate sector is boosting the demand for plastic construction products. In addition, the country's government aims to build a million affordable houses in more than 350 industrial zones.
  • How is the plastics market segmented in Vietnam?
  • The Vietnamese plastics market is segmented by type, technology, and application. By type, the market is segmented into traditional plastics, engineering plastics, and bioplastics. By technology, the market is segmented into blow molding, extrusion, injection molding, and other technologies.
  • How will foreign investments affect the Vietnam plastics market?
  • An increase in foreign investments is expected to offer various opportunities for the growth of the market. The Vietnam Plastics Market is expected to reach 10.07 million tons in 2023 and grow at a CAGR of 8.44% to reach 15.09 million tons by 2028.

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