Primeval plastics and synthetic rubber are important input materials for many industries, especially plastics and automobile industry. In 2014, the total primeval plastics production was about 311 million tons with the average growth rate of 4.5% from 2010-2014. Some big polymer producers in the world such as: Dow Chemical, SABIC, Lyon, Exxon Mobil, Formosa, Total SA, Bayer, Celanese, Chi Mei Co., Eastman Chemical Company and Mitsubishi Chemical Holding Co.…
The development of the polymer industry relates to the petrochemical industry and is affected by the price fluctuation, supply and demand for the main raw materials like crude oil, gas. With the advantage of the highest oil reserves in the world, The Middle East emerges the developed petrochemical market; however, the markets in North America and Asia-Pacific are rising to be the rivals through big scale production project to make use of cheap materials of shale gas or coal. Global polymer production capacity is expected to continue growing at the average rate of 3.9% from 2015 to 2020 (according to ICIS). Nowadays, plastics is widely used to replace metal, glass, paper and other traditional materials due to the light weight, high durability, flexibility in designing and low cost. Thermoplastics segments are expected to have the highest growth in upcoming year. The growth of technical plastics in different sectors such as building & construction, automobile is also a motivation factor for the plastics production.
In Vietnam, the refining and petrochemistry just started to develop and Dung Quat Refinery is the only operating one in the whole country. In addition, there are 2 joint- venture PVC factories (Vinachem- TPC Vina (Thailand) and Petrovietnam-Petronas), 1 DOP factory (Petrovietnam, Vinachem and LG), which is the support product for using PVC commonly used in building & construction. Total domestic production only met about 20% of domestic demand; hence the rest needs to be imported. Every year, plastics materials rank amongst top 10 products with the highest import turnover, mainly from ASEAN and China. Particularly with synthetic rubber, Vietnam still has to import 100 percent for the incapability of producing in the country.
In recent years, the Vietnam’s plastics industry has been highly appreciated regarding the growth rate compared to other ASEAN countries (second after Thailand with the production capacity of 4.2 million tons/year). Vietnam is also one of the countries with the fastest growth rate in plastics industry in the world. Many big scale petrochemical projects which are and will be launched in the upcoming time promise to increase the self-supply capability of the plastics and rubber industry that has already had the high growth potential in Vietnam.
– TPC Vina Plastic and Chemical Ltd.
– AGC Vietnam Chemical Ltd.
– Polystyrene Vietnam Ltd.
– Sik Vietnam Ltd.
– Toyo Ink Compounds Vietnam Ltd.
– Resinoplast Vietnam Ltd.
– Tin Kim Plastic. JSC
– Dainichi Color Vietnam Ltd.
– Viet Thai PLASTCHEM Ltd.