Vietnam Aluminium Market Report and Forecast 2025-2034

The Vietnam aluminium market reached approximately USD 4.73 Billion in 2024. The market is projected to grow at a CAGR of 7.30% between 2025 and 2034, reaching a value of around USD 9.57 Billion by 2034.

Vietnam Aluminium Market Growth

Vietnam's swift industrialisation and urbanisation have led to a substantial rise in the need foraluminium. The metal is extensively utilised in multiple sectors, includingconstruction, transportation, packaging, and other industrial uses. The construction sector in Vietnam is projected to grow at a rate of 7.5% in 2024, leading to an increased demand for aluminium. The Vietnamese government's emphasis on infrastructure development, such as the building of roads, bridges, airports, and ports, has further resulted in increasing the demand for aluminium. Aluminium's robustness, longevity, and lightweight characteristics make it the preferred material for various infrastructure projects.

The automotive sector in Vietnam is experiencing growth, marked by rising vehicle production and sales. The Vietnamese government is anticipating an average annual growth rate of 14.26% in automobile production from 2021 to 2030. Aluminium is highly preferred in automotive manufacturing due to its lightweight nature, which aids in fuel efficiency and emission reduction. The increasing emphasis on electric vehicles (EVs) is also boosting the demand for aluminium.

Aluminium is easily recyclable, with the recycling process requiring much less energy than primary production. The growing focus on environmental sustainability and the push to reduce carbon footprints are fuelling the need for recycled aluminium in Vietnam.

Vietnam Aluminium Industry Segmentation

“Vietnam Aluminium Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Primary
• Secondary

Market Breakup by Processing Method

• Flat Rolled
• Extrusions
• Castings
• Forgings
• Pigments and Powder
• Rod and Bar
• Sheet
• Others

Market Breakup by End Use

• Transport
• Construction
• Electrical
• Machinery and Equipment
• Others

Market Breakup by Region

• Southeast
• Red River Delta
• Mekong River Delta
• South Central Coast
• Others

Vietnam Aluminium Market Share

Based on the end use, the market is segmented into transport, construction, electrical, and machinery and equipment, among others. The transport sector is projected to grow at a CAGR of 8.3% during the forecast period of 2025-2034. Various forms of transportation, ranging from bicycles to spacecraft, are constructed using aluminium. It is also employed in the manufacturing of engines, transmissions, suspensions, brake parts, magnets for gauges, electrical wiring, air conditioning components, and even structural elements.

Leading Companies in the Vietnam Aluminium Market

Major market players are focusing on technological advancements and sustainable production practices to gain a competitive edge.

• Global Vietnam Aluminium Co., Ltd.
• VIET PHAP SHAL ALUMINUM JOINT STOCK COMPANY
• Sapa Ben Thanh Aluminum Profile Company Limited
• LAP PHAT ALUMINUM PRODUCTION AND TRADING COMPANY LIMITED
• Others