Industry: Materials and Chemical | Publish Date: 20-Oct-2025 | No of Pages: 129 | No. of Tables: 156 | No. of Figures: 101 | Format: PDF | Report Code : MC2896
The Vietnam Aluminum Market size was valued at USD 5.01 billion in 2024 and is predicted to reach USD 7.57 billion by 2030, with a CAGR of 6.8% from 2025 to 2030. In terms of volume, the market size was 1925 thousand metric tons in 2024 and is anticipated to reach 3087 thousand metric tons by 2030, growing at a CAGR of 7.9% from 2025 to 2030.
The Vietnam aluminum market encompasses the production, processing, and distribution of aluminum and its derivatives for domestic and international markets. The industry relies on raw bauxite, refined and smelted to produce aluminum ingots, sheets, and extrusions. These products are widely used in sectors such as construction, automotive, packaging, and consumer goods, valued for their lightweight properties, corrosion resistance, and durability.
Aluminum’s recyclability and energy-efficient production contribute to its lower environmental impact compared to materials including steel and plastic. Its versatility further enables innovative design and application, establishing aluminum as a preferred material in modern architecture and product development.
Vietnam's rapid urbanization and ambitious national infrastructure agenda are primary drivers of aluminum consumption. The government's massive investment in public projects—including new expressways, urban metro systems, airports, and industrial parks—creates sustained demand for aluminum in structural and architectural applications. In the booming residential and commercial construction sectors, aluminum is the material of choice for window frames, doors, curtain walls, and facades due to its durability, light weight, and corrosion resistance, ensuring a strong and growing domestic market.
The ongoing shift of global supply chains to Vietnam has ignited growth in its manufacturing sector, particularly in high-value industries like automotive and electronics. As a key beneficiary of the "China+1" strategy, Vietnam is seeing increased production of vehicles, consumer electronics, and machinery, all of which are significant consumers of aluminum components. The push towards electric vehicles (EVs) further amplifies this trend, as aluminum is critical for producing lightweight frames and battery enclosures. This industrial expansion not only serves the domestic market but also drives demand for export-quality aluminum products.
The Vietnamese aluminum industry faces significant operational headwinds from high energy costs and increasingly strict environmental regulations. Primary aluminum smelting is an energy-intensive process, and rising electricity tariffs in the country put direct pressure on production costs and profit margins. Simultaneously, the government is enforcing more rigorous standards for emissions, waste management, and resource efficiency under the Law on Environmental Protection. While beneficial for long-term sustainability, the need for costly technology upgrades to ensure compliance poses a considerable financial challenge, particularly for smaller producers, potentially hindering their competitiveness and capacity for expansion.
A significant growth opportunity for the Vietnam Aluminum Market lies in the country's aggressive push into renewable energy. Under national energy development plans, Vietnam has set ambitious targets for expanding its solar and wind power capacity. Aluminum is an essential material in this green transition, used extensively for manufacturing solar panel frames, mounting structures, and components for wind turbines. As the nation continues to invest heavily in clean energy projects to meet its climate goals, the demand for locally sourced, high-quality aluminum for these green technology applications is set to accelerate dramatically.
In Vietnam's aluminum market, extrusions hold the largest market share, accounting for approximately 40% of the total market. This dominance is due to the versatility and high demand for aluminum extrusions in various applications, including construction, transportation, and manufacturing. Aluminum extrusions are widely preferred for their lightweight, durable, and corrosion-resistant properties, making them ideal for structural components, windows, doors, and framing solutions. As infrastructure and industrial growth continue to expand, the demand for aluminum extrusions in Vietnam is expected to remain robust, reinforcing their leading position in the market.
By type, primary aluminum is anticipated to exhibit the fastest growth in Vietnam's aluminum market, with a projected CAGR of 8.2% from 2024 to 2030. This growth can be attributed to the increasing demand for primary aluminum in various sectors, including construction, automotive, and consumer goods, driven by its lightweight, strength, and corrosion-resistant properties. As industries seek to leverage the advantages of primary aluminum for enhanced performance and sustainability, its application across different sectors is expected to expand significantly, further propelling market growth during the forecast period.
Vietnam’s aluminum import and export landscape reflects the country’s rapid industrialization and growing demand for metals in construction, electronics, and manufacturing sectors. As domestic production remains limited, Vietnam relies heavily on aluminum imports, particularly raw materials like primary aluminum, from key trading partners such as China, the UAE, and Australia to meet local manufacturing needs. However, with advancements in processing capabilities and rising demand from neighboring markets, Vietnam has also expanded its aluminum exports, primarily in semi-finished and finished aluminum products like sheets, extrusions, and profiles.
|
Year |
Import (Metric Tons) |
YoY Change |
Export (Metric Tons) |
YoY Change |
|
2018 |
883634 |
- |
193966 |
- |
|
2019 |
990829 |
12% |
201779 |
4% |
|
2020 |
XXXXXXXXX |
XX |
XXXXXXXXX |
XX |
|
2021 |
XXXXXXXXX |
XX |
XXXXXXXXX |
XX |
|
2022 |
XXXXXXXXX |
XX |
XXXXXXXXX |
XX |
|
2023 |
XXXXXXXXX |
XX |
XXXXXXXXX |
XX |
With global demand for sustainable and recyclable materials on the rise, Vietnam's aluminum market holds significant potential for growth, positioning the country as an important player in the Southeast Asian metals industry and contributing to long-term economic development.
Several market players operating in the Vietnam aluminum market include Global Vietnam Aluminum Co., Ltd (GVA), Ngoc Diep Aluminum Joint Stock Company (Dinostar), Vietnam Yongxing Aluminium Industry Co., Ltd, East Asia Aluminum Co., Ltd (Nhôm Đông A / Dong A), Hyundai Aluminum Vina Shareholding Company, Song Hong Aluminum Joint Stock Company, Sapa Ben Thanh Aluminium Profiles Co., Ltd, KIMSEN Industrial Corporation, Tung Shin Industrial Co., Ltd, Daiki Aluminium Industry Co., Ltd, An Lap Phat Aluminum Investment Trading Production Co., Ltd, Dong Duong Aluminium Company Limited, Almine Vietnam Co., Ltd., Vina Washin Aluminum Co., Ltd., Tiger Almin Co., Ltd. and others.
These players are adopting business expansion strategies to remain dominant in the market.
|
DATE |
COMPANY |
RECENT DEVELOPMENTS |
|
Jul 2025 |
KIMSEN Industrial Corporation |
Participated in Manufacturing World Tokyo 2024 to expand international ties. |
|
Apr 2025 |
Almine Vietnam Co., Ltd |
Published Q1 environmental monitoring report for aluminum wire production. |
|
May 2025 |
East Asia Aluminum Co., Ltd (Nhôm Đông A / Dong A) |
Reported annual output of over 60,000 tons; expanded exports to Europe & Japan. |
By Type
Primary
Secondary
Flat-Rolled
Castings
Extrusions
Forgings
Powder & Paste
Billets
Wire Rods
Other Types
1xxx Series
2xxx Series
3xxx Series
4xxx Series
5xxx Series
6xxx Series
7xxx Series
By End User Industry
Transportation
Aerospace
Automotive
Marine
Machinery & Equipment
Construction
Packaging
Food And Beverage
Cosmetics
Others
Electrical Engineering
Others End Users
Global Vietnam Aluminum Co., Ltd (GVA)
Ngoc Diep Aluminum Joint Stock Company (Dinostar)
Vietnam Yongxing Aluminium Industry Co., Ltd
East Asia Aluminum Co., Ltd (Nhôm Đông A / Dong A)
Hyundai Aluminum Vina Shareholding Company
Song Hong Aluminum Joint Stock Company
Sapa Ben Thanh Aluminium Profiles Co., Ltd
KIMSEN Industrial Corporation
Tung Shin Industrial Co., Ltd
Daiki Aluminium Industry Co., Ltd
An Lap Phat Aluminum Investment Trading Production Co., Ltd
Dong Duong Aluminium Company Limited
Almine Vietnam Co., Ltd.
Vina Washin Aluminum Co., Ltd.
Tiger Almin Co., Ltd.
Report Scope and Segmentation
|
Parameters |
Details |
|
Market Size in 2024 |
USD 5.01 Billion |
|
Revenue Forecast in 2030 |
USD 7.57 Billion |
|
Growth Rate (Value) |
CAGR of 6.8% from 2025 to 2030 |
|
Market Volume in 2023 |
1925 Thousand Metric Tons |
|
Market Volume in 2030 |
3087 Thousand Metric Tons |
|
Growth Rate (Volume) |
CAGR of 7.9% from 2025 to 2030 |
|
Analysis Period |
2024–2030 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Volume Estimation |
Thousand Metric Tons |
|
Growth Factors |
|
|
Companies Profiled |
15 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |