Thailand Adhesives and Sealants Market Size to Touch USD 2.76 Billion by 2030

Published | 18 October 2024

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.

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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.

Don’t miss the business opportunity Thailand Adhesives and Sealants Market. Consult our analysts to gain crucial insights and facilitate your business growth.

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.

Scope of the Report

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