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Sealants, as the name suggests, seals spaces that exist between one surface to the next. Adhesives, on the other hand, are primarily used to bind services together. According to Researcher, the Thailand adhesives & sealants market is expected to witness a significant growth rate during the forecast period. The market for adhesives & sealants in the country is being driven by the factors including the growing trend of lightweight and low carbon-emitting vehicles and the rising demand from building and construction industries. However, market growth is likely to be hindered by government regulations regarding VOC emissions, which is expected to restrain the studied market during the forecast period.
Building and construction industry was found to be the major end-user industry for adhesives & sealants in the country owing to the planned construction and infrastructure projects. Among this, the residential sector has developed manifolds after the expansion of the subway and has led to rapid economic development in the vicinity outside Bangkok, suggesting an expansion of the condominium market. Further, the Thai Shopping Association has announced a policy with the aim of making Thailand a regional shopping hub that is leading to the construction of new shopping malls, hotels, and restaurants that is expected to boost the commercial sector growth. Moreover, The government has also approved infrastructure plans for developing the Eastern Economic Corridor, spanning from Pattaya to Rayong, and focusing on the construction of transport, sea, and rail infrastructure, providing a greater edge to Thailand adhesive and sealants market during the forecast period.
In the year 2019, the market was found to be consolidated.
In December 2019, Huntsman, a chemical company, had slimmed down with the planned USD 2.1billion sale of its intermediates and surfactants business to Thailand-based Indorama Ventures to focus on PU. Huntsman is expected to target organic and inorganic investments in PU systems houses along with adhesives. Moreover, In January 2019, Dunlop Adhesives (Thailand) co., ltd. launched a new dynamic ProBond Range of adhesives and sealants that work faster with greater flexibility and provide stronger bonds to ensure reliable long-term durability results.
Thailand Adhesives & Sealants Marketreport provides deep insight into the current and future state of Thailand adhesives & sealants market across various regions. The study comprehensively analyzes the Thailand adhesives & sealants market by segmenting based on geography, by Technology (Water-borne (Acrylic, Vinyl Acetate, Polyurethane Dispersion, Chloroprene Rubber, Solvent-borne, Chloroprene Rubber, Polyacrylate, and Styrenic Block Copolymers), Reactive (Polyurethane, Epoxy, Cyanoacrylate, Modified Acrylic, and Anaerobic) Hot Melt (Ethylene Vinyl Acetate, Synthetic Rubber, and Others), Sealants by Product Type (Silicone, Polyurethane, Acrylic, Polyvinyl Acetate, and Others) and by End-User Industry (Building & Construction, Transportation, Paper, Board, and Packaging, Footwear and Leather, and Others). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
Building and construction industry was found to be the major end-user industry for adhesives & sealants in the country owing to the planned construction and infrastructure projects. Among this, the residential sector has developed manifolds after the expansion of the subway and has led to rapid economic development in the vicinity outside Bangkok, suggesting an expansion of the condominium market. Further, the Thai Shopping Association has announced a policy with the aim of making Thailand a regional shopping hub that is leading to the construction of new shopping malls, hotels, and restaurants that is expected to boost the commercial sector growth. Moreover, The government has also approved infrastructure plans for developing the Eastern Economic Corridor, spanning from Pattaya to Rayong, and focusing on the construction of transport, sea, and rail infrastructure, providing a greater edge to Thailand adhesive and sealants market during the forecast period.
In the year 2019, the market was found to be consolidated.
Major players
in Thailand Adhesives & Sealants include Henkel (Thailand) Co., Ltd., Threebond International Inc., Applied DB Public Company, Selic Corp, and Pattanachai Chemical Co., Ltd among others.In December 2019, Huntsman, a chemical company, had slimmed down with the planned USD 2.1billion sale of its intermediates and surfactants business to Thailand-based Indorama Ventures to focus on PU. Huntsman is expected to target organic and inorganic investments in PU systems houses along with adhesives. Moreover, In January 2019, Dunlop Adhesives (Thailand) co., ltd. launched a new dynamic ProBond Range of adhesives and sealants that work faster with greater flexibility and provide stronger bonds to ensure reliable long-term durability results.
Thailand Adhesives & Sealants Marketreport provides deep insight into the current and future state of Thailand adhesives & sealants market across various regions. The study comprehensively analyzes the Thailand adhesives & sealants market by segmenting based on geography, by Technology (Water-borne (Acrylic, Vinyl Acetate, Polyurethane Dispersion, Chloroprene Rubber, Solvent-borne, Chloroprene Rubber, Polyacrylate, and Styrenic Block Copolymers), Reactive (Polyurethane, Epoxy, Cyanoacrylate, Modified Acrylic, and Anaerobic) Hot Melt (Ethylene Vinyl Acetate, Synthetic Rubber, and Others), Sealants by Product Type (Silicone, Polyurethane, Acrylic, Polyvinyl Acetate, and Others) and by End-User Industry (Building & Construction, Transportation, Paper, Board, and Packaging, Footwear and Leather, and Others). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
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