Thailand Adhesives and Sealants Market Size to Touch USD 2.76 Billion by 2030
Thailand Adhesives and Sealants Market is thriving due to growing construction activities, expanding automotive and electronics industries, rising demand for packaging solutions, and increasing use of eco-friendly adhesive technologies.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Thailand Adhesives and Sealants Market size by value at USD 1.82 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Thailand Adhesives and Sealants Market size to expand at a CAGR of 6.20% reaching a value of USD 2.76 billion by 2030. Thailand Adhesives and Sealants Market includes an increasing demand from automotive, construction, and packaging industries. Growth in infrastructure projects and rising urbanization fuel demand for adhesives in construction and renovation. The expanding automotive sector drives the need for lightweight materials, boosting adhesive usage. Additionally, Thailand's growing packaging industry, supported by e-commerce and consumer goods, propels sealant applications. Environmental regulations also encourage the development of eco-friendly, high-performance adhesives and sealants in the market.
Opportunity – Rising Awareness about Sustainable Products
The growing emphasis on environmental sustainability in Thailand is driving the demand for eco-friendly adhesives and sealants. Industries are increasingly adopting products with lower volatile organic compound (VOC) emissions and biodegradable components to comply with stringent environmental regulations. The shift is encouraged by government initiatives promoting sustainable practices and a rising consumer preference for greener alternatives. As manufacturers innovate to offer sustainable solutions, the market for eco-friendly adhesives and sealants is expected to see substantial growth in Thailand.
Impact of Escalating Geopolitical Tensions on Thailand Adhesives and Sealants Market
Escalating geopolitical tensions could impact Thailand Adhesives and Sealants Market by disrupting global supply chains, leading to shortages of raw materials like resins and polymers. Increased tariffs or trade restrictions may raise production costs, while uncertainties can hinder investments and delay infrastructure projects, reducing demand for adhesives and sealants in the construction and automotive sectors. Additionally, fluctuating exchange rates and higher transportation costs could further pressure the market, potentially slowing growth in both domestic and export markets.
Water-based Adhesives Technology Segment Leads Thailand Market
Water-based adhesives segment holds the largest share of Thailand Adhesives Market by technology. The segment’s dominance is primarily due to the eco-friendly properties of water-based adhesives, including low volatile organic compound (VOC) emissions, which make them a preferred choice across various sectors such as packaging, construction, and automotive. Their popularity stems from their safety, user-friendliness, and effective bonding, especially in industries like woodworking and packaging. Additionally, the increasing focus on sustainability and the adoption of environmentally friendly products further drive the demand for water-based adhesives in Thailand. The trend aligns with global shifts toward greener technologies.
Competitive Landscape
Thailand Adhesives and Sealants Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include 3M, Arkema Group, Dow, Dunlop Adhesives (Thailand) Co. Ltd, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC, Selic Corp Public Company Limited, Sika AG, and Star Bond (Thailand) Company Limited. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Thailand Adhesives and Sealants Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Thailand Adhesives and Sealants Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Thailand Adhesives and Sealants Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Thailand Adhesives and Sealants Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing construction sector
- 3.2.1.2. Growth and expansion of automotive industry
- 3.2.1.3. Expanding packaging industry, especially for food and consumer goods
- 3.2.2. Restraints
- 3.2.2.1. Fluctuating prices of raw materials
- 3.2.2.2. Compliance with environmental regulations and safety standards
- 3.2.3. Opportunity
- 3.2.3.1. Rising awareness of sustainable products
- 3.2.3.2. Innovation in Product Development
- 3.2.4. Challenges
- 3.2.4.1. Shortage of skilled labor in the manufacturing sector
- 3.2.4.2. Keeping up with rapid technological advancements in the adhesive industry
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Thailand Adhesives and Sealants Market: Pricing Analysis
- 5. Thailand Adhesives and Sealants Market: Marketing Strategies
- 6. Thailand Adhesives and Sealants Market Overview
- 6.1. Market Size & Forecast, 2019–2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.1.1. Adhesives
- 6.2.1.1.1. Acrylic Adhesives
- 6.2.1.1.2. Polyurethane Adhesives
- 6.2.1.1.3. Epoxy Adhesives
- 6.2.1.1.4. Polyvinyl Acetate (PVA) Adhesives
- 6.2.1.1.5. Rubber-based Adhesives
- 6.2.1.1.6. Others (Cyanoacrylates, Silicone-based Adhesives)
- 6.2.1.2. Sealants
- 6.2.1.2.1. Silicone Sealants
- 6.2.1.2.2. Polyurethane Sealants
- 6.2.1.2.3. Acrylic Sealants
- 6.2.1.2.4. Polysulfide Sealants
- 6.2.1.2.5. Others (Butyl Sealants)
- 6.2.2. By Technology (For Adhesives)
- 6.2.2.1. Water-based Adhesives
- 6.2.2.2. Solvent-based Adhesives
- 6.2.2.3. Hot Melt Adhesives
- 6.2.2.4. Reactive & Other Adhesives
- 6.2.3. By End User
- 6.2.3.1. Construction Industry
- 6.2.3.2. Automotive & Aerospace
- 6.2.3.3. Furniture Manufacturing
- 6.2.3.4. Healthcare & Medical
- 6.2.3.5. Packaging Industry
- 6.2.3.6. Electronics Industry
- 6.2.3.7. Others (Footwear & Leather Industry)
- 7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. Thailand Adhesives and Sealants Company Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- 8. Impact of Escalating Geopolitical Tensions on Thailand Adhesives and Sealants Market
- 9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. 3M
- 9.2. Arkema Group
- 9.3. Dow
- 9.4. Dunlop Adhesives (Thailand) Co. Ltd
- 9.5. H.B. Fuller Company
- 9.6. Henkel AG & Co. KGaA
- 9.7. Huntsman International LLC
- 9.8. Selic Corp Public Company Limited
- 9.9. Sika AG
- 9.10. Star Bond (Thailand) Company Limited
- 9.11. Other Prominent Players
- 10. Key Strategic Recommendations
- 11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents
- 11.5. Assumption & Limitation
- * Financial information of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 Thailand Adhesives and Sealants Market Segmentation
- Figure 2 Thailand Adhesives and Sealants Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Thailand Adhesives and Sealants Market Size, By Value (USD Billion), 2019–2030
- Figure 5 Thailand Adhesives and Sealants Market Share, By Type, By Value (USD Billion), 2019–2030
- Figure 6 Thailand Adhesives and Sealants Market Share, By Technology (For Adhesives), By Value (USD Billion), 2019–2030
- Figure 7 Thailand Adhesives and Sealants Market Share, By End User, By Value (USD Billion), 2019–2030
- List of Tables
- Table 1 Thailand Adhesives and Sealants Market Size, By Value (USD Billion), 2019–2030
- Table 2 Thailand Adhesives and Sealants Market Share, By Type, By Value (USD Billion), 2019–2030
- Table 3 Thailand Adhesives and Sealants Market Share, By Technology (For Adhesives), By Value (USD Billion), 2019–2030
- Table 4 Thailand Adhesives and Sealants Market Share, By End User, By Value (USD Billion), 2019–2030
- Table 5 3M Company Overview
- Table 6 3M Financial Overview
- Table 7 Arkema Group Company Overview
- Table 8 Arkema Group Financial Overview
- Table 9 Dow Company Overview
- Table 10 Dow Financial Overview
- Table 11 Dunlop Adhesives (Thailand) Co. Ltd Company Overview
- Table 12 Dunlop Adhesives (Thailand) Co. Ltd Financial Overview
- Table 13 H.B. Fuller Company: Company Overview
- Table 14 H.B. Fuller Company Financial Overview
- Table 15 Henkel AG & Co. KGaA Company Overview
- Table 16 Henkel AG & Co. KGaA Financial Overview
- Table 17 Huntsman International LLC Company Overview
- Table 18 Huntsman International LLC Financial Overview
- Table 19 Selic Corp Public Company Limited Company Overview
- Table 20 Selic Corp Public Company Limited Financial Overview
- Table 21 Sika AG Company Overview
- Table 22 Sika AG Financial Overview
- Table 23 Star Bond (Thailand) Company Limited Company Overview
- Table 24 Star Bond (Thailand) Company Limited Financial Overview
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook