Thailand Adhesives Industry Report: Trends and Forecasts 2025-2033

Key Insights

The Thailand adhesives market, valued at approximately \$XX million in 2025, is projected to experience robust growth, exceeding a 6% CAGR from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning construction sector, driven by infrastructure development and urbanization, significantly boosts demand for construction adhesives. Similarly, the thriving automotive and packaging industries contribute substantially to market growth, requiring high-performance adhesives for diverse applications. Technological advancements, particularly in the development of eco-friendly, high-performance adhesives like UV-cured and water-borne options, are further stimulating market expansion. Growth is also seen across various resin types, with epoxy, polyurethane, and silicone adhesives experiencing strong demand due to their versatility and superior properties. While the market faces challenges such as fluctuating raw material prices and potential supply chain disruptions, these are expected to be offset by the overall positive market trends.

Segment-wise analysis reveals that the construction sector dominates the end-user industry segment, followed by automotive and packaging. Within resin types, epoxy and polyurethane adhesives hold significant market share owing to their strength and durability. Hot melt and reactive adhesive technologies are currently prevalent, but the adoption of UV-cured and water-borne adhesives is steadily increasing due to their environmental benefits and superior performance in specific applications. Major players, including Henkel, 3M, and Sika, are actively competing in this market, focusing on product innovation and expansion strategies. The forecast period, 2025-2033, promises considerable opportunities for both established players and new entrants to capitalize on the sustained growth of the Thai adhesives market. The strategic focus is expected to be on innovation, sustainability, and catering to the increasing demands of various end-user industries.

This comprehensive report provides a detailed analysis of the Thailand adhesives market, encompassing market dynamics, growth trends, dominant segments, and key players. The study period covers 2019-2033, with a base year of 2025 and a forecast period of 2025-2033. This report is invaluable for industry professionals, investors, and strategic decision-makers seeking a thorough understanding of this dynamic market.

Thailand Adhesives Industry Market Dynamics & Structure

The Thailand adhesives market, valued at xx million units in 2024, exhibits a moderately consolidated structure with several multinational and domestic players competing. Market concentration is influenced by technological innovation, especially in areas like bio-based adhesives and high-performance solutions. Stringent environmental regulations are driving the adoption of eco-friendly adhesives, while fluctuating raw material prices present a significant challenge. The Building and Construction sector is currently the largest end-user industry, while the Automotive and Packaging sectors show significant growth potential. Mergers and acquisitions (M&A) activity is moderate, with larger players strategically expanding their product portfolios and market reach.

• Market Concentration: Moderately Consolidated (HHI: xx)
• Technological Drivers: Bio-based adhesives, high-performance formulations.
• Regulatory Framework: Emphasis on environmental sustainability and VOC reduction.
• Competitive Substitutes: Tapes, mechanical fasteners.
• End-User Demographics: Growing middle class fueling demand in construction and consumer goods.
• M&A Trends: Strategic acquisitions to expand product lines and market share (xx deals in the last 5 years).

Thailand Adhesives Industry Growth Trends & Insights

The Thailand adhesives market experienced a CAGR of xx% during 2019-2024. This growth is driven by expanding end-use sectors, particularly construction and automotive manufacturing, fueled by infrastructure development and rising vehicle production. The increasing demand for advanced adhesive solutions with improved performance characteristics, such as higher bonding strength and durability, further contributes to market expansion. Technological disruptions, such as the introduction of bio-based and sustainable adhesives, are reshaping market dynamics. Changing consumer preferences towards eco-friendly products also influence the demand for sustainable adhesives. The market penetration of high-performance adhesives is growing steadily, driven by the need for enhanced product durability and performance across various applications.

Dominant Regions, Countries, or Segments in Thailand Adhesives Industry

The Building and Construction sector dominates the Thailand adhesives market, accounting for xx% of total consumption in 2024, followed by the Packaging sector at xx%. Growth is primarily driven by robust infrastructure development projects, a booming real estate market, and expanding industrial activity. Within resin types, Acrylic adhesives hold the largest market share, due to their versatility and cost-effectiveness.

• Key Drivers (Building & Construction): Government infrastructure spending, urbanization, rising construction activity.
• Key Drivers (Packaging): Growth in food and beverage, consumer goods industries.
• Dominant Resin Type: Acrylic adhesives (xx% market share).
• Growth Potential: Automotive, Healthcare, and specialized industrial applications.

Thailand Adhesives Industry Product Landscape

The Thai adhesives market showcases a diverse product landscape, encompassing hot melt, reactive, solvent-borne, UV cured, and water-borne adhesive technologies. Recent innovations focus on high-performance, eco-friendly, and specialized adhesives catering to specific end-user needs. Products are differentiated based on bonding strength, application method, curing time, and sustainability features. Unique selling propositions (USPs) include enhanced durability, improved processing efficiency, and reduced environmental impact.

Key Drivers, Barriers & Challenges in Thailand Adhesives Industry

Key Drivers:

• Robust construction activity
• Growth of automotive and packaging sectors
• Increasing demand for high-performance adhesives
• Government initiatives promoting industrial development.

Challenges:

• Fluctuating raw material prices (impact: xx% increase in production costs in 2022).
• Supply chain disruptions (impact: xx% reduction in production capacity in 2022).
• Intense competition from both domestic and international players.

Emerging Opportunities in Thailand Adhesives Industry

• Growing demand for eco-friendly adhesives
• Expansion of specialized applications in healthcare and electronics.
• Adoption of advanced adhesive technologies (e.g., bio-based, UV-curable).
• Penetration into untapped market segments (e.g., renewable energy).

Growth Accelerators in the Thailand Adhesives Industry Industry

The long-term growth trajectory of the Thailand adhesives market is positively influenced by technological advancements, strategic partnerships between adhesive manufacturers and end-users, and expanding applications in emerging industries. Government support for infrastructure development and industrialization also fuels market expansion.

Key Players Shaping the Thailand Adhesives Industry Market

• Henkel AG & Co KGaA
• Star Bond (Thailand) Company Limite
• Selic Corp Public Company Limited
• 3M
• Arkema Group
• Huntsman International LLC
• Dow
• H B Fuller Company
• DUNLOP ADHESIVES (THAILAND) CO LTD
• Sika AG

Notable Milestones in Thailand Adhesives Industry Sector

• September 2021: Henkel launched its newly developed solvent-free and zero-VOC adhesive range for rubber lining.
• October 2021: 3M introduced a new generation of acrylic adhesives.
• December 2021: Arkema introduced a new range of disposable hygiene adhesive solutions under the Nuplaviva brand.

In-Depth Thailand Adhesives Industry Market Outlook

The Thailand adhesives market is poised for continued growth, driven by sustained economic expansion, infrastructure development, and technological innovation. Strategic opportunities exist for companies focusing on sustainable, high-performance, and specialized adhesive solutions. The market presents attractive prospects for both established players and new entrants seeking to capitalize on this dynamic and evolving sector.

Thailand Adhesives Industry Segmentation

• 1. End User Industry
  • 1.1. Aerospace
  • 1.2. Automotive
  • 1.3. Building and Construction
  • 1.4. Footwear and Leather
  • 1.5. Healthcare
  • 1.6. Packaging
  • 1.7. Woodworking and Joinery
  • 1.8. Other End-user Industries
• 2. Technology
  • 2.1. Hot Melt
  • 2.2. Reactive
  • 2.3. Solvent-borne
  • 2.4. UV Cured Adhesives
  • 2.5. Water-borne
• 3. Resin
  • 3.1. Acrylic
  • 3.2. Cyanoacrylate
  • 3.3. Epoxy
  • 3.4. Polyurethane
  • 3.5. Silicone
  • 3.6. VAE/EVA
  • 3.7. Other Resins

Thailand Adhesives Industry Segmentation By Geography

• 1. Thailand