Thailand Adhesives Industry Trends and Forecasts: Comprehensive Insights

Key Insights

The Thailand adhesives market is forecast to reach 666.84 million by 2033, exhibiting a compound annual growth rate (CAGR) of 5.89% from the base year 2024. This robust expansion is underpinned by several key growth drivers. The thriving construction sector, driven by infrastructure development and residential projects, is significantly increasing demand for adhesives in bonding, sealing, and assembly applications. Concurrently, Thailand's expanding automotive industry requires substantial adhesive use in vehicle production. The packaging sector also contributes significantly, relying on adhesives for product security and shelf-life enhancement. Advances in adhesive technology, including the growing adoption of eco-friendly, high-performance formulations such as water-borne and UV-cured adhesives, are further propelling market penetration. Increased environmental awareness is encouraging manufacturers to explore sustainable adhesive solutions, boosting market growth. Potential challenges include volatile raw material prices, particularly for imported resins, and economic uncertainties impacting construction and manufacturing activities.

Analysis by segment indicates strong demand across various resin types, including acrylic, epoxy, and polyurethane. Hot melt and reactive technologies are leading application methods. The primary end-user industries are building and construction, automotive, and packaging. Key market players, including Henkel, 3M, and Sika, are actively engaged in competition, fostering innovation and shaping market trends. Future market growth is dependent on sustained economic stability, ongoing infrastructure development, and governmental support for sustainable manufacturing. Despite persistent challenges, the positive outlook for core sectors and technological advancements suggests sustained growth for the Thailand adhesives market.

Thailand Adhesives Industry Market Size and Forecast (2024-2030) — Thailand Adhesives Industry Company Market Share

Thailand Adhesives Industry: A Comprehensive Market Report (2019-2033)

This in-depth report provides a comprehensive analysis of the Thailand adhesives market, covering market size, growth drivers, key players, and future trends. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report is an essential resource for industry stakeholders seeking actionable insights into this dynamic market. The report delves into various adhesive types, including acrylic, cyanoacrylate, epoxy, polyurethane, silicone, and VAE/EVA resins, across diverse end-use industries like automotive, building & construction, and packaging. The report also examines technological advancements in hot melt, reactive, solvent-borne, UV cured, and water-borne adhesives. With a detailed analysis of market concentration, competitive landscape, and emerging opportunities, this report offers invaluable data for strategic decision-making. The total market value is estimated at xx Million in 2025 and is projected to reach xx Million by 2033.

Thailand Adhesives Industry Market Concentration & Dynamics

The Thailand adhesives market exhibits a moderately concentrated landscape, with several multinational corporations and regional players vying for market share. Key players like Henkel AG & Co KGaA, 3M, Arkema Group, Huntsman International LLC, Dow, H.B. Fuller Company, and Sika AG hold significant market share, while smaller, locally-focused companies contribute to the overall market dynamics. Market share data for 2024 indicates that the top 5 players control approximately 60% of the market, with the remaining share distributed amongst numerous smaller firms. Innovation ecosystems are evolving, with increased R&D investment focused on sustainable and high-performance adhesives. The regulatory framework in Thailand, while generally supportive of industrial growth, emphasizes environmental protection and worker safety, influencing adhesive formulations and manufacturing processes. Substitute products, such as mechanical fasteners and welding, present competitive challenges in specific applications. End-user trends towards lightweighting, automation, and sustainability are reshaping demand for specialized adhesives. M&A activity in the sector has been moderate, with xx mergers and acquisitions recorded between 2019 and 2024.

Thailand Adhesives Industry Industry Insights & Trends

The Thailand adhesives market witnessed a CAGR of xx% during the historical period (2019-2024), driven by robust growth in key end-use sectors such as building and construction, automotive, and packaging. The market size reached xx Million in 2024. This growth is attributed to several factors, including rising infrastructure development, increasing urbanization, and expansion of the manufacturing sector. Technological advancements, particularly in the development of high-performance and eco-friendly adhesives, are reshaping the industry landscape. Consumer preferences for sustainable products are pushing manufacturers to adopt greener technologies and biodegradable materials. The increasing demand for advanced adhesive solutions in specialized applications like aerospace and healthcare further contributes to market expansion. Technological disruptions, such as the adoption of automation in adhesive manufacturing and application, are driving efficiency gains and cost reductions. Evolving consumer behaviors, emphasizing sustainability and convenience, are creating new opportunities for innovative adhesive products.

Key Markets & Segments Leading Thailand Adhesives Industry

Dominant End-User Industries: The building and construction sector dominates the Thailand adhesives market, accounting for approximately xx% of total demand in 2024. This is followed by the packaging and automotive sectors.
High-Growth Resin Segments: The demand for acrylic and polyurethane resins is experiencing strong growth, driven by their versatile applications across various end-use sectors. The market for silicone adhesives is expanding due to their use in specialized applications, especially in electronics and healthcare.
Key Market Drivers:
- Rapid economic growth and rising disposable incomes.
- Significant investments in infrastructure development projects, including housing, commercial buildings, and transportation networks.
- Increasing demand for advanced packaging solutions in the food and beverage industry.
- Expansion of the automotive manufacturing sector.
Detailed Dominance Analysis: The dominance of the building and construction sector stems from extensive infrastructure projects and urbanization. The strong growth of the automotive sector fuels the demand for specialized adhesives in vehicle manufacturing. Packaging continues to grow as e-commerce expands and demand for efficient and reliable packaging solutions rises.

Thailand Adhesives Industry Product Developments

Recent product innovations emphasize sustainability, improved performance, and ease of application. 3M's introduction of new generation acrylic adhesives with reduced odor highlights a focus on improving worker safety. Arkema's bio-based adhesive solutions underscore the growing demand for environmentally friendly products. Henkel’s launch of solvent-free adhesives emphasizes a commitment to reducing VOC emissions. These advancements reflect competitive pressures to provide superior products that meet evolving industry needs.

Challenges in the Thailand Adhesives Industry Market

The Thailand adhesives market faces challenges such as volatile raw material prices impacting production costs, and intense competition from both domestic and international players. Supply chain disruptions, particularly felt during the pandemic, highlight vulnerabilities. Regulatory compliance, including environmental regulations and worker safety standards, impose significant operational costs. These factors impact profitability and necessitate strategic adaptation.

Forces Driving Thailand Adhesives Industry Growth

Technological advancements in adhesive formulations, particularly bio-based and high-performance options, are driving growth. Government initiatives supporting infrastructure development and industrial expansion fuel market expansion. Economic growth and rising consumer spending further contribute to increased demand across various sectors.

Long-Term Growth Catalysts in the Thailand Adhesives Industry

Long-term growth will be driven by innovations in sustainable adhesive technologies, strategic partnerships to access new markets and technologies, and expansion into high-growth sectors like renewable energy and electronics. Increased investment in R&D will lead to the development of advanced adhesive solutions catering to evolving market demands.

Emerging Opportunities in Thailand Adhesives Industry

Emerging opportunities include the increasing demand for sustainable adhesives, growth in specialized applications (e.g., medical devices, aerospace), and the adoption of advanced manufacturing technologies. Expansion into regional markets in Southeast Asia offers significant potential for growth. The shift towards eco-friendly materials and processes presents a lucrative niche market.

Leading Players in the Thailand Adhesives Industry Sector

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

Key Milestones in Thailand Adhesives Industry Industry

September 2021: Henkel launched its newly developed solvent-free and zero-VOC adhesive range for rubber lining, emphasizing sustainability.
October 2021: 3M introduced a new generation of acrylic adhesives, enhancing its product portfolio and competitiveness.
December 2021: Arkema launched a new range of disposable hygiene adhesive solutions under the Nuplaviva brand, highlighting the expansion into the healthcare sector.

Strategic Outlook for Thailand Adhesives Industry Market

The Thailand adhesives market is poised for continued growth, driven by strong economic fundamentals, infrastructure development, and technological advancements. Companies with a focus on sustainability, innovation, and strategic partnerships are well-positioned to capitalize on the emerging opportunities and navigate the challenges ahead. The market offers significant potential for both established players and new entrants.

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

Thailand Adhesives Industry Market Share by Region - Global Geographic Distribution — Thailand Adhesives Industry Regional Market Share

Geographic Coverage of Thailand Adhesives Industry

Higher Coverage

Lower Coverage

No Coverage

Thailand Adhesives Industry REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 5.89% from 2020-2034
Segmentation	By End User Industry Aerospace Automotive Building and Construction Footwear and Leather Healthcare Packaging Woodworking and Joinery Other End-user Industries By Technology Hot Melt Reactive Solvent-borne UV Cured Adhesives Water-borne By Resin Acrylic Cyanoacrylate Epoxy Polyurethane Silicone VAE/EVA Other Resins By Geography Thailand

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. ; Increasing Demand from various End-user Industries; Other Drivers
- - 3.3. Market Restrains
  - - 3.3.1. ; Stringent Environmental Regulations Regarding VOC Emissions; Impact of COVID-19 Pandemic
- - 3.4. Market Trends
  - - 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Thailand Adhesives Industry Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by End User Industry
  - 5.1.1. Aerospace
  - 5.1.2. Automotive
  - 5.1.3. Building and Construction
  - 5.1.4. Footwear and Leather
  - 5.1.5. Healthcare
  - 5.1.6. Packaging
  - 5.1.7. Woodworking and Joinery
  - 5.1.8. Other End-user Industries
- 5.2. Market Analysis, Insights and Forecast - by Technology
  - 5.2.1. Hot Melt
  - 5.2.2. Reactive
  - 5.2.3. Solvent-borne
  - 5.2.4. UV Cured Adhesives
  - 5.2.5. Water-borne
- 5.3. Market Analysis, Insights and Forecast - by Resin
  - 5.3.1. Acrylic
  - 5.3.2. Cyanoacrylate
  - 5.3.3. Epoxy
  - 5.3.4. Polyurethane
  - 5.3.5. Silicone
  - 5.3.6. VAE/EVA
  - 5.3.7. Other Resins
- 5.4. Market Analysis, Insights and Forecast - by Region
  - 5.4.1. Thailand
6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 Henkel AG & Co KGaA
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Star Bond (Thailand) Company Limite
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 Selic Corp Public Company Limited
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 3M
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 Arkema Group
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Huntsman International LLC
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Dow
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 H B Fuller Company
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 DUNLOP ADHESIVES (THAILAND) CO LTD
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 Sika AG
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)

List of Figures

Figure 1: Thailand Adhesives Industry Revenue Breakdown (million, %) by Product 2025 & 2033
Figure 2: Thailand Adhesives Industry Share (%) by Company 2025

List of Tables

Table 1: Thailand Adhesives Industry Revenue million Forecast, by Region 2020 & 2033
Table 2: Thailand Adhesives Industry Revenue million Forecast, by End User Industry 2020 & 2033
Table 3: Thailand Adhesives Industry Revenue million Forecast, by Technology 2020 & 2033
Table 4: Thailand Adhesives Industry Revenue million Forecast, by Resin 2020 & 2033
Table 5: Thailand Adhesives Industry Revenue million Forecast, by Region 2020 & 2033
Table 6: Thailand Adhesives Industry Revenue million Forecast, by Country 2020 & 2033
Table 7: Thailand Adhesives Industry Revenue million Forecast, by End User Industry 2020 & 2033
Table 8: Thailand Adhesives Industry Revenue million Forecast, by Technology 2020 & 2033
Table 9: Thailand Adhesives Industry Revenue million Forecast, by Resin 2020 & 2033
Table 10: Thailand Adhesives Industry Revenue million Forecast, by Country 2020 & 2033

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Thailand Adhesives Industry?

The projected CAGR is approximately 5.89%.

2. Which companies are prominent players in the Thailand Adhesives Industry?

Key companies in the market include 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.

3. What are the main segments of the Thailand Adhesives Industry?

The market segments include End User Industry, Technology, Resin.

4. Can you provide details about the market size?

The market size is estimated to be USD 666.84 million as of 2022.

5. What are some drivers contributing to market growth?

; Increasing Demand from various End-user Industries; Other Drivers.

6. What are the notable trends driving market growth?

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

7. Are there any restraints impacting market growth?

; Stringent Environmental Regulations Regarding VOC Emissions; Impact of COVID-19 Pandemic.

8. Can you provide examples of recent developments in the market?

December 2021: Under the Nuplaviva brand, Arkema introduced a new range of disposable hygiene adhesive solutions formulated with bio-based renewable content.October 2021: 3M introduced a new generation of acrylic adhesives, including 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS.September 2021: Henkel launched its newly developed solvent-free and zero-VOC adhesive range for rubber lining.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in million.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Thailand Adhesives Industry," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Thailand Adhesives Industry report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Thailand Adhesives Industry?

To stay informed about further developments, trends, and reports in the Thailand Adhesives Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.