Chemical industry plays an important role in
economic development as it provides materials input for a number of essential
industries, serving manufacturing and consumption. In Vietnam, under Decision
207/2005/QD-TTg the chemical industry is showcased as one of the key industries
and prioritized according to the country’s socioeconomic development strategy.
All domestic and external resources will focus on putting into place a
comprehensive chemical industry, covering main domains such as fertilizer,
common and special-use rubber, base chemicals (including both organic and
inorganic chemicals), petro-chemistry, pure chemicals, pharmaceutical
chemistry, and consumer chemicals to meet domestic demand and the requirements
of regional and world economic integration. As calculated by Vietnam Industry
Research and Consultant, Fertilizer and Nitrogen accounts for the highest
proportion (30%) in the industry by revenue, followed by the group of
Detergent. The group of Synthetic Fibers contributes little to the structure of
chemical industry by revenue.
This is a comprehensive research of chemical
industry in Vietnam which witnessed high growth rate of 19.25% from 2010-2014,
and is expected to grow substantially afterwards. Chemicals ranked 11th among
the top imported items in the country with a turnover of 1.94 billion US
dollars and has just started to develop and met only 15-20% of demand meanwhile
consumption in many areas every year are so high. Gaps in the market are also
canvassed in detail, breaking the market into key components. As discussed in
the research, one of the biggest weaknesses of Vietnam chemical industry is the
ability to supply input materials, thus, the majority of input materials has to
be imported with China as the biggest import market, accounting for 29.8% of
the 988 million USD total import turnover. Another looming problem in Vietnam
is the inferior technology machinery systems which are largely at average low
level in comparison with other countries in the region, resulted in the low in
productivity and added value. The report also enables direct comparison to be
made between existing companies in the industry and provides a clear
understanding of their positions. In detail, in 2014, Petro Vietnam Fertilizer
and Chemicals Corporation (DPM) has achieved in overall highest ranks in terms
of gross profit margin (25%), followed by Petro Vietnam Ca Mau Fertilizer JSC
(DCM); however, as in a perception of a shareholder, the research may appeals
you with 38% Return of Equity (ROE) of Binh Dien Fertilizer JSC (BFC).
This report provides a comprehensive review about
the global and Vietnam chemical industry based on specific and trustworthy
data, particularly regarding:
- Overall scenario of the global, regional, domestic economies, with America, China, and Germany described
- 8 Product Segments: Fertilizer and Nitrogen, Detergent, Pants and Printing Ink, Synthetic Rubber and Polymer, Plant Protection Chemical, Basic Chemical, Synthetic Fibers and Other. Detailed analysis is conducted about production, consumption, import, export, raw material, technology of each segment
- Profiles, structure, and financial analysis of leading producers and major suppliers, such as Petro Vietnam Ca Mau Fertilizer JSC (PVCFC), Petro Vietnam Fertilizer and Chemicals Corporation (PVFCCo), Lam Thao Superphosphate Fertilizer and Chemicals JSC (LAFCHEMCO), Binh Dien Fertilizer JSC, etc.
- Updated data about prices, cost, indicators, etc. from 2008-2014
- Analysis and forecast of global and domestic markets
Spanning over 136 pages “Vietnam
Chemicals Report Q2/2015” report covers Current business
environment, World Market, Vietnam chemical market, Major product subgroups,
Industry risks, Prospects and forecast of the industry, Business analysis.
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more information Visit at: http://mrr.cm/Jhw
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Specialty Chemicals Reports at: http://www.marketresearchreports.com/specialty-chemicals
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