Vietnam Aluminum Market

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Vietnam Aluminum Market by Types (Primary and Secondary), by Product Type (Flat-Rolled, Castings, Extrusions, Forgings, Powder & Paste, and Other Types), and by End User Industries (Transport, Machinery & Equipment, Construction, Packaging, Electrical Engineering, Others End Users) – Global Opportunity Analysis and Industry Forecast, 2025–2030

Industry: Materials and Chemical | Publish Date: 13-Jun-2025 | No of Pages: 102 | No. of Tables: 136 | No. of Figures: 81 | Format: PDF | Report Code : MC2896

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Industry Overview

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.  

Expansion of the Construction Sector Fuels the Growth of the Vietnam Aluminum Market 

The growth of Vietnam’s construction sector significantly drives the aluminum market, driven by the rising demand for lightweight, durable, and corrosion-resistant materials essential for modern building and infrastructure projects. As infrastructure advances, aluminum becomes crucial in applications such as windows, facades, and roofing, which support energy efficiency and sustainability goals in Vietnam’s construction industry.

According to a recent report by the International Trade Administration (ITA), the sector reached a valuation of USD 95.8 billion in 2023, with an anticipated growth rate of 7% from 2024 to 2027. This expansion pushes aluminum suppliers and manufacturers in Vietnam to innovate and broaden their product lines to meet evolving market needs. 

 

Rising Transportation and Logistics Sector Propels the Growth of the Vietnam Aluminum Market

Vietnam’s growing transportation and logistics sector significantly drives demand for lightweight, durable, and corrosion-resistant materials including aluminum, essential for manufacturing vehicles, shipping containers, and infrastructure components. This demand supports market growth, as companies prioritize aluminum to enhance operational efficiency and reduce vehicle weight.

According to the General Statistics Office of Vietnam, the transportation and logistics sectors contributed 4.65% to Vietnam’s GDP in 2022, with transport demand expected to rise by 6.8% to 7.35% by 2030. This sectoral expansion is anticipated to increase aluminum usage as companies seek robust, lightweight solutions for logistics efficiency.

 

Government Regulations Hinder Market Growth

Strict environmental regulations imposed by Vietnamese government present challenges to the aluminum market, as manufacturers must navigate complex requirements related to pollution control, waste management, and emissions reporting. For instance, the Ministry of Natural Resources and Environment (MONRE) enforces the Law on Environmental Protection, which mandates stringent frameworks for managing pollution and waste while regulating greenhouse gas emissions. These regulatory pressures often limit growth potential for existing companies and may deter new entrants from joining the aluminum market in Vietnam, adding to operational costs and compliance burdens for market participants.

Adoption of 3D Printing in Aluminum Creates Significant Future Growth Opportunities in the Market

The adoption of 3D printing technologies in the aluminum industry presents significant growth opportunities for Vietnam’s aluminum market by enabling manufacturers to produce lightweight components with complex geometries, suitable for diverse applications. This technology not only facilitates rapid prototyping and reduces production times, boosting overall efficiency, but also supports sustainability goals by minimizing material waste and energy consumption. As Vietnam intensifies its focus on reducing environmental impact, the alignment of 3D printing's eco-friendly benefits with these objectives is anticipated to propel market expansion in the coming years. 

By Product Type, Extrusions Holds the Largest Market Share in Vietnam Aluminum Market

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 Show Fastest Growth in the Future

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.

Import and Export of Aluminum in Vietnam Over the Years

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.

 

Competitive Landscape

Several market players operating in the Vietnam aluminum market include Tiger Alwin Co. Ltd., HeungIn (Vietnam) Extrusions Co., VinaWashin Aluminium Co, Dong Xin Industrial Co., Ltd. (Vietnam), ALMINE VIETNAM CO., LTD., DONG DUONG ALUMINIUM COMPANY LIMITED, Dinostar Aluminium, Ynghua Group, Song Hong Shalumi Aluminium Group Joint Stock Company, Daiki Aluminium Industry Co.,Ltd., Nam Sung Aluminium Company Limited, Tap Doan Ngoc Diep, Minh Dung Aluminum Co., Ltd., Viet Phap Shal Aluminum Joint Stock Company, East Asia Aluminum Co., Ltd., and others.

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These players are adopting business expansion strategies to remain dominant in the market. 

DATE

COMPANY

RECENT DEVELOPMENTS

April 2024

Vinacomin

Vinacomin announced plans to build two new alumina and aluminum production plants in Vietnam, aiming for a total output of approximately 600,000 tons annually. This expansion is part of the company's strategy to meet growing domestic and export demands for aluminum.

March 2023

GARMCO

GARMCO invested USD 24.5 million in expansion projects, including a new aluminum coil production line and a recycling facility to process local aluminum scrap. This investment supports GARMCO’s goals of boosting productivity, diversifying product offerings, and enhancing environmental sustainability.

February 2022

East Asia Aluminum Company Limited

East Asia Aluminum Company Limited expanded its factory, increasing the facility's area to over 100,000 square meters with an investment of USD 38 million. This expansion aims to double the company's aluminum production capacity to over 150,000 tons annually.

Vietnam Aluminum Market Key Segment

By Type

  • Primary

  • Secondary

By Product Type

  • Flat-Rolled

  • Castings

  • Extrusions

  • Forgings

  • Powder & Paste

  • Other Types

By End User Industry

  • Transport

    • Aerospace

    • Automotive

    • Marine

  • Machinery & Equipment

  • Construction

  • Packaging

    • Food And Beverage

    • Cosmetics

    • Others

  • Electrical Engineering

  • Others End Users

Key Market Players

  • Tiger Alwin Co. Ltd.

  • HeungIn (Vietnam) Extrusions Co.

  • VinaWashin Aluminium Co

  • Dong Xin Industrial Co., Ltd. (Vietnam)

  • ALMINE VIETNAM CO., LTD.

  • DONG DUONG ALUMINIUM COMPANY LIMITED

  • Dinostar Aluminium

  • Ynghua Group

  • Song Hong Shalumi Aluminium Group Joint Stock Company

  • Daiki Aluminium Industry Co.,Ltd.

  • Nam Sung Aluminium Company Limited

  • Tap Doan Ngoc Diep

  • Minh Dung Aluminum Co., Ltd. 

  • Viet Phap Shal Aluminum Joint Stock Company

  • East Asia Aluminum 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

  • Expansion of construction industry boosts the market growth
  • Growing transportation and logistics sector drives market expansion

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.

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Frequently Asked Questions

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.

Aluminum is widely used in various sectors such as construction, automotive, packaging, and consumer goods due to its lightweight properties, corrosion resistance, and durability.

The adoption of 3D printing technologies in the aluminum industry presents significant growth opportunities.

Extrusions hold the largest market share in the Vietnam aluminum Market, accounting for approximately 40% of the total market.

Key players in the Vietnam aluminum market include Tiger Alwin Co. Ltd., HeungIn (Vietnam) Extrusions Co., VinaWashin Aluminium Co, Dong Xin Industrial Co., Ltd. (Vietnam), ALMINE VIETNAM CO., LTD., DONG DUONG ALUMINIUM COMPANY LIMITED, Dinostar Aluminium, Ynghua Group, Song Hong Shalumi Aluminium Group Joint Stock Company, Daiki Aluminium Industry Co.,Ltd., Nam Sung Aluminium Company Limited, Tap Doan Ngoc Diep, Minh Dung Aluminum Co., Ltd., Viet Phap Shal Aluminum Joint Stock Company, East Asia Aluminum Co., Ltd., among others.
$2,575
$1,575
$3,875
$1,975

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