VIETNAM FLAT GLASS MARKET

Vietnam flat glass market is forecast to grow at an impressive CAGR 8.2% between 2025 and 2032 primarily fueled by the robust construction sector and rising automotive industry.

Major Market Drivers and Emerging Trends

With the rapid urbanization along with infrastructure growth in the country, there is a rising interest in contemporary and visually pleasing structures which makes flat glass a key material in both construction and vehicle design.

The Vietnam flat glass market size growth is primarily attributed to the surge in constructions projects across the country. The government is supporting affordable housing with initiatives including the plan to build one million public residential units by 2030. These initiatives are designed to tackle the housing shortage in the country while enhancing living standards for its expanding population. The ongoing urbanization is further driving a notable move towards tall residential buildings and mixed-purpose projects particularly in cities including Hanoi and Ho Chi Minh City. Land scarcity and the desire for integrated living spaces are key factors behind this trend. The commercial construction industry is also experiencing substantial investments in office buildings and retail spaces. International hotel chains are opening new properties to tap into the country’s expanding tourism sector while local developers are increasing their investments. As a result, there has been a significant increase in the need for flat glass in windows or facades along with interior design features.

The growing focus on sustainable buildings has also increased the need for advanced flat glass materials like tempered and insulated glass. Many builders and architects are increasingly using flat glass in contemporary designs to enhance natural light intake which reduces the need for artificial lighting and cutting energy usage.

The other factor supporting the growth in Vietnam flat glass market share is the robust automotive industry. The automotive industry in Vietnam is rapidly expanding which makes it among the leading market in Southeast Asia. The country is witnessing cars becoming a more common sight in its cities alongside motorcycles as a primary transportation choice for people living in urban areas. The automobile production in Vietnam in 2023 totaled around 347 thousand units which demonstrates growth from the previous year. With the booming automotive sector in the country fueled by strong consumer demand coupled with export prospects, there is an escalating need for flat glass in vehicle production.

The rise of smart glass and similar advanced technologies in vehicles which improves both functionally and design is further driving the increasing need for flat glass within the automotive industry. Flat glass is crucial in the automotive sector by serving as windshields or windows to ensure safety and visibility. In addition, recent technological innovations have led to the creation of specific treatments and coatings that add benefits including UV protection and heat insulation.

However, the market is confronted with challenges related to raw material availability and escalating costs. Flat glass manufacturing depends on certain raw materials thereby any disruptions in their supply or changes in pricing can lead to increased production costs and limited availability. The market also faces challenges concerning environmental impact and energy usage because producing flat glass is highly energy intensive. Manufacturing companies are under increasing pressure to implement energy-efficient approaches and minimize carbon emissions.

Based on product type, the market can be divided into laminated, tempered, insulated, among others. Manufacturing tempered glass involves quick heating and cooling which results in it breaks into small fragments upon impact. Tempered glass shatters into small and safe pieces that are unlikely to cause harm when they land on the human body. However, any cracks from impacts cannot be repaired. Therefore, if tempered glass is damaged the entire panel must be replaced. Tempered glass is the primary type used in most cars. However, the windshield stands out as the most vital glass on a vehicle which is constructed from laminated glass.

Based on application, the architectural segment captured the largest market share. The construction sector in the country is positioned for ongoing growth supported by government policies and increasing foreign investments. Vietnam is among the rapidly growing economies in the world and as the result the construction industry is important in its development which further drives the need for flat glass. Flat glass is extensively used in architectural applications including facades and windows or partitions. Its recyclability and attractive design make it a popular choice for commercial exteriors.

Top Market Players

Several major players in the market are Vietnam Floating Glass Company (VFG), Viglacera, AGC, Kurihara Vietnam, among others. Market players are bolstering their presence by making strategic investments and forming collaborations with other organizations. They also pursue mergers and acquisitions.

Key Developments

• • In 2024, Flat Vietnam planned to invest another USD 50 million into its photovoltaic glass manufacturing initiative at Deep C Industrial Park which brings the total investment to reach USD 350 million.

Segments covered in the Report:

The Vietnam Flat Glass Market has been segmented on the basis of product type and application. Based on the product type, the market is segmented into basic, tempered, laminated, insulated, and others. Based on the application, the market is segmented into architectural, automotive & transportation, and others.

Report Coverage	Details
Market Revenues (2024)	USD Million
Market Base Year	2024
Market Forecast Period	2025-2032
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product Type, By Application
Regional Coverage	Vietnam
Companies Profiled	Vietnam Floating Glass Company (VFG), Viglacera, AGC, Kurihara Vietnam., among others; a total of 4 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Vietnam Flat Glass Market by Product Type

• • Basic
  • Tempered
  • Laminated
  • Insulated
  • Others

Vietnam Flat Glass Market by Application

• • Architectural
  • Automotive & Transportation
  • Others

Vietnam Flat Glass Market Leading players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Vietnam Floating Glass Company (VFG)
  • Viglacera
  • AGC
  • Kurihara Vietnam