Thailand Sealants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028

The Thailand Sealants Market is segmented by End User Industry (Aerospace, Automotive, Building and Construction, Healthcare) and by Resin (Acrylic, Epoxy, Polyurethane, Silicone). Market Value in USD and Volume in tons are both presented. Key Data Points observed include the volume of automobile production, plastic and paper and paperboard packaging production, new construction floor area, aircraft production and deliveries.

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Thailand Sealants Market Size

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Thailand Sealants Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2028
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 122.06 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2028) USD 147.21 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Building and Construction
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2028) 4.80 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User Industry Aerospace

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Thailand Sealants Market Analysis

The Thailand Sealants Market size is estimated at 122.06 million USD in 2024, and is expected to reach 147.21 million USD by 2028, growing at a CAGR of 4.80% during the forecast period (2024-2028).

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122.06 Million

Market Size in 2024 (USD)

147.21 Million

Market Size in 2028 (USD)

4.63 %

CAGR (2017-2023)

4.80 %

CAGR (2024-2028)

Largest Market by End-user Industry

48.44 %

value share, Building and Construction, 2023

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In Thailand, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, weatherproofing, curtain wall, glazing, and façade.

Fastest Growing Market by End-user Industry

7.44 %

Projected CAGR, Aerospace, 2024-2028

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The aerospace industry is expected to register the fastest growth in the Thai sealants market owing to the rapid expansion of general aviation in the domestic market.

Largest Market by Resin

44.20 %

value share, Silicone, 2023

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Silicone is the major resin-based sealant owing to the segment holding the highest application share in the building and construction industry for both interior and exterior uses.

Fastest Growing Market by Resin

4.93 %

Projected CAGR, Polyurethane, 2024-2028

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Due to its sheer strength and high-impact resistance abilities, silicone sealants are mostly used in construction applications. The segment is, thus, expected to witness the fastest growth in the Thai sealants market.

Leading Market Player

7.38 %

market share, Henkel AG & Co. KGaA, 2021

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Henkel AG & Co. KGaA is the leading sealants manufacturer in Thailand owing to the popularity of its products, majorly in electronics, transportation, and building and construction applications.

The emerging automotive industry and rising demand for advanced medical equipment are expected to boost the consumption of sealants in Thailand

  • The construction industry holds a major share of the Thai sealants market, followed by other end-user industries due to the diverse applications of sealants in building and construction. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction sector contributed THB 439.13 billion to the nation’s GDP in 2021 and is likely to register significant growth owing to increasing investment in residential construction, which is expected to boost the demand for sealants in the upcoming years.
  • The other end-user industries segment is anticipated to hold the second-highest share in value and volume in the Thai sealants market, of which electronics and electrical equipment will account for the major portion. Various sealants are used in electrical equipment manufacturing for potting and protecting applications. They are used for sealing sensors and cables, etc. The Thai electronics industry is likely to grow over the coming years, owing to the presence of major manufacturers in the country. This will foster the production capacity and demand for sealants in the other end-user industries segment.
  • Sealants are used in diverse applications in the automotive industry, mostly for engines and car gaskets, and exhibit extensive bonding to various substrates. Thailand has been a major hub for automakers over the last few years due to well-organized production facilities and the presence of leading companies, which is likely to create demand for sealants over the coming years. Sealants are also used for healthcare applications, such as assembling and sealing medical device parts, thus, accounting for a decent share of the Thai sealants market among end-user industries.
Thailand Sealants Market

Thailand Sealants Market Trends

Increasing spending on public infrastructure projects is likely to facilitate the growth of construction sector

  • The Thai construction industry is projected to record a CAGR of about 2.59% during the forecast period 2022-2028. Thailand is one of Southeast Asia's most exciting hubs for contractors, with a huge construction sector to invest in. With increasing public works, such as the construction of transit lines and subway infrastructure, the demand for residential construction has been consistently growing. Residential construction was the largest segment in the Thai construction industry between 2014 and 2019, accounting for more than 40% of its total value in 2019. The construction industry is expected to recover by 2023, with total construction spending having been forecast to rise by 4.5-5% in 2021 and then by 5-5.5% in 2022-2023.
  • The major driver in the country for increasing construction will be public-sector spending on infrastructure megaprojects, especially in the Eastern Economic Corridor, where investment in government-backed projects will encourage crowding-in of private-sector investment (e.g., industrial estates). There will also be new opportunities in neighbouring countries as their governments improve national infrastructure in response to continued economic growth and urbanization.
  • The segment's growth was further propelled in 2021 as a few residential projects started construction. The projects include the Skyrise Avenue Sukhumvit 64 Mixed-Use Development of USD 507 million and the Arom Wongamat Condominium Tower of USD 117 million, among others. The timelines for completing these projects range from around 2024 to 2025. The growing infrastructure development in the country is expected to generate demand for adhesives over the forecast period.
Thailand Sealants Market

Nearly 50.1% share of the overall automotive production among the ASEAN countries is likely to drive the industry in Thailand

  • The Thai automobile sector has grown tremendously over the last 50 years. The country is constantly advancing its next-generation automotive industry to follow the S-Curve promotion with better value-added production, and it also aims for the automotive industrial policy to be aligned with the environmental protection policy. Thailand is the largest auto producer in the ASEAN region. In 2020, production totaled 1,427,074 units, accounting for 50.1% of total ASEAN production. This was followed by Indonesia (690,150 units, or approximately 24.2%) and Malaysia (485,186 units, or approximately 17.0%).
  • In 2019, the country recorded about 20.13,710 units of vehicles produced, which drastically reduced to 14,27,074 units in 2020, accounting for a decline of about 29% owing to the COVID-19 pandemic. As a result, the variation in automotive production between 2019 and 2021 amounted to about -16%, whereas between 2020 and 2021, the variation was recorded at about -1%.
  • Thailand, ranked as the 11th largest automotive producer in the world and the first in ASEAN, is poised to become ASEAN's EV center, owing to its well-established value chain, which provides the industry with top-notch quality products at a competitive price. Thailand's EV stock has been steadily increasing in response to local demand. More importantly, several well-known Thai corporations have been actively investing in EV charging infrastructure around the country, indicating rising confidence in future demand increases. Efforts by governmental and private sector institutions to increase EV infrastructure, such as charging stations, suggest that Thailand's EV ecosystem is developing rapidly.
Thailand Sealants Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Increasing number of domestic and international passengers will boost the aerospace industry

Thailand Sealants Industry Overview

The Thailand Sealants Market is fragmented, with the top five companies occupying 22.73%. The major players in this market are 3M, Dow, Henkel AG & Co. KGaA, Sika AG and Soudal Holding N.V. (sorted alphabetically).

Thailand Sealants Market Leaders

  1. 3M

  2. Dow

  3. Henkel AG & Co. KGaA

  4. Sika AG

  5. Soudal Holding N.V.

Thailand Sealants Market Concentration

Other important companies include Arkema Group, H.B. Fuller Company, Plic Firston (Thailand) Co., Ltd, Shin-Etsu Chemical Co., Ltd., THE YOKOHAMA RUBBER CO., LTD..

*Disclaimer: Major Players sorted in alphabetical order.

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Thailand Sealants Market News

  • November 2021: The Yokohama Rubber Co. Ltd divested its Hamatite adhesives and sealants business, bought by Sika AG.
  • April 2021: Sika AG signed an agreement to acquire The Yokohama Rubber Co. Ltd's adhesives division, Hamatite, based in Japan. Hamatite offers polyurethanes, hot melts, and modified silicones technology adhesives and sealants for the automotive and construction industries.
  • January 2020: H.B. Fuller Company introduced a new range of Gorilla professional-grade adhesives and sealants for MRO industrial applications.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.

Thailand Sealants Market
Thailand Sealants Market
Thailand Sealants Market
Thailand Sealants Market

Thailand Sealants Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

    2. 2.2. Regulatory Framework

      1. 2.2.1. Thailand

    3. 2.3. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Building and Construction

      4. 3.1.4. Healthcare

      5. 3.1.5. Other End-user Industries

    2. 3.2. Resin

      1. 3.2.1. Acrylic

      2. 3.2.2. Epoxy

      3. 3.2.3. Polyurethane

      4. 3.2.4. Silicone

      5. 3.2.5. Other Resins

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. 3M

      2. 4.4.2. Arkema Group

      3. 4.4.3. Dow

      4. 4.4.4. H.B. Fuller Company

      5. 4.4.5. Henkel AG & Co. KGaA

      6. 4.4.6. Plic Firston (Thailand) Co., Ltd

      7. 4.4.7. Shin-Etsu Chemical Co., Ltd.

      8. 4.4.8. Sika AG

      9. 4.4.9. Soudal Holding N.V.

      10. 4.4.10. THE YOKOHAMA RUBBER CO., LTD.

  7. 5. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Adhesives and Sealants Industry Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Drivers, Restraints, and Opportunities

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. VOLUME OF AIRCRAFTS DELIVERED, UNITS, THAILAND, 2017-2028
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, THAILAND, 2017-2028
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, THAILAND, 2017-2028
  1. Figure 4:  
  2. VOLUME OF SEALANTS CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 5:  
  2. VALUE OF SEALANTS CONSUMED, USD, THAILAND, 2017 - 2028
  1. Figure 6:  
  2. VOLUME OF SEALANTS CONSUMED BY END USER INDUSTRY, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 7:  
  2. VALUE OF SEALANTS CONSUMED BY END USER INDUSTRY, USD, THAILAND, 2017 - 2028
  1. Figure 8:  
  2. VOLUME SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, THAILAND, 2016 VS 2022 VS 2028
  1. Figure 9:  
  2. VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, THAILAND, 2016 VS 2022 VS 2028
  1. Figure 10:  
  2. VOLUME OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 11:  
  2. VALUE OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY, USD, THAILAND, 2017 - 2028
  1. Figure 12:  
  2. VALUE SHARE OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY BY RESIN, %, THAILAND, 2021 VS 2028
  1. Figure 13:  
  2. VOLUME OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 14:  
  2. VALUE OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, THAILAND, 2017 - 2028
  1. Figure 15:  
  2. VALUE SHARE OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY BY RESIN, %, THAILAND, 2021 VS 2028
  1. Figure 16:  
  2. VOLUME OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 17:  
  2. VALUE OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, THAILAND, 2017 - 2028
  1. Figure 18:  
  2. VALUE SHARE OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY RESIN, %, THAILAND, 2021 VS 2028
  1. Figure 19:  
  2. VOLUME OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 20:  
  2. VALUE OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, USD, THAILAND, 2017 - 2028
  1. Figure 21:  
  2. VALUE SHARE OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY BY RESIN, %, THAILAND, 2021 VS 2028
  1. Figure 22:  
  2. VOLUME OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 23:  
  2. VALUE OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, THAILAND, 2017 - 2028
  1. Figure 24:  
  2. VALUE SHARE OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY RESIN, %, THAILAND, 2021 VS 2028
  1. Figure 25:  
  2. VOLUME OF SEALANTS CONSUMED BY RESIN, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 26:  
  2. VALUE OF SEALANTS CONSUMED BY RESIN, USD, THAILAND, 2017 - 2028
  1. Figure 27:  
  2. VOLUME SHARE OF SEALANTS CONSUMED BY RESIN, %, THAILAND, 2016 VS 2022 VS 2028
  1. Figure 28:  
  2. VALUE SHARE OF SEALANTS CONSUMED BY RESIN, %, THAILAND, 2016 VS 2022 VS 2028
  1. Figure 29:  
  2. VOLUME OF ACRYLIC SEALANTS CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 30:  
  2. VALUE OF ACRYLIC SEALANTS CONSUMED, USD, THAILAND, 2017 - 2028
  1. Figure 31:  
  2. VALUE SHARE OF ACRYLIC SEALANTS CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
  1. Figure 32:  
  2. VOLUME OF EPOXY SEALANTS CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 33:  
  2. VALUE OF EPOXY SEALANTS CONSUMED, USD, THAILAND, 2017 - 2028
  1. Figure 34:  
  2. VALUE SHARE OF EPOXY SEALANTS CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
  1. Figure 35:  
  2. VOLUME OF POLYURETHANE SEALANTS CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 36:  
  2. VALUE OF POLYURETHANE SEALANTS CONSUMED, USD, THAILAND, 2017 - 2028
  1. Figure 37:  
  2. VALUE SHARE OF POLYURETHANE SEALANTS CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
  1. Figure 38:  
  2. VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 39:  
  2. VALUE OF SILICONE SEALANTS CONSUMED, USD, THAILAND, 2017 - 2028
  1. Figure 40:  
  2. VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
  1. Figure 41:  
  2. VOLUME OF OTHER RESINS SEALANTS CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 42:  
  2. VALUE OF OTHER RESINS SEALANTS CONSUMED, USD, THAILAND, 2017 - 2028
  1. Figure 43:  
  2. VALUE SHARE OF OTHER RESINS SEALANTS CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
  1. Figure 44:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, THAILAND, 2019 - 2021
  1. Figure 45:  
  2. MOST ADOPTED STRATEGIES, COUNT, THAILAND, 2019 - 2021
  1. Figure 46:  
  2. REVENUE SHARE OF SEALANTS BY MAJOR PLAYERS, %, THAILAND, 2021

Thailand Sealants Industry Segmentation

Aerospace, Automotive, Building and Construction, Healthcare are covered as segments by End User Industry. Acrylic, Epoxy, Polyurethane, Silicone are covered as segments by Resin.

  • The construction industry holds a major share of the Thai sealants market, followed by other end-user industries due to the diverse applications of sealants in building and construction. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction sector contributed THB 439.13 billion to the nation’s GDP in 2021 and is likely to register significant growth owing to increasing investment in residential construction, which is expected to boost the demand for sealants in the upcoming years.
  • The other end-user industries segment is anticipated to hold the second-highest share in value and volume in the Thai sealants market, of which electronics and electrical equipment will account for the major portion. Various sealants are used in electrical equipment manufacturing for potting and protecting applications. They are used for sealing sensors and cables, etc. The Thai electronics industry is likely to grow over the coming years, owing to the presence of major manufacturers in the country. This will foster the production capacity and demand for sealants in the other end-user industries segment.
  • Sealants are used in diverse applications in the automotive industry, mostly for engines and car gaskets, and exhibit extensive bonding to various substrates. Thailand has been a major hub for automakers over the last few years due to well-organized production facilities and the presence of leading companies, which is likely to create demand for sealants over the coming years. Sealants are also used for healthcare applications, such as assembling and sealing medical device parts, thus, accounting for a decent share of the Thai sealants market among end-user industries.
End User Industry
Aerospace
Automotive
Building and Construction
Healthcare
Other End-user Industries
Resin
Acrylic
Epoxy
Polyurethane
Silicone
Other Resins
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Market Definition

  • End-user Industry - Building & Construction, Automotive, Aerospace, Healthcare, and Others are the end-user industries considered under the sealants market.
  • Product - All sealant products are considered in the market studied
  • Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Silicone, and Others are considered
  • Technology - For the purpose of this study, One component and Two component sealant technologies are taken into consideration.
Keyword Definition
Hot-melt Adhesive Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed.
Reactive Adhesive A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive.
Solvent-borne Adhesive Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers).
Water-borne Adhesive Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent.
UV Cured Adhesive UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives.
Heat-resistant Adhesive Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage.
Reshoring Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this.
Oleochemicals Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats.
Nonporous Materials Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow.
EU-Vietnam Free Trade Agreement A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019.
VOC content Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants.
Emulsion Polymerization Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product.
2025 National Packaging Targets In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025.
Russian Government’s Import Substitution Policy The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015.
Paper Substrate Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered.
Insulation Material A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils.
Thermal Shock A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
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Thailand Sealants Market Research FAQs

The Thailand Sealants Market size is expected to reach USD 122.06 million in 2024 and grow at a CAGR of 4.80% to reach USD 147.21 million by 2028.

In 2024, the Thailand Sealants Market size is expected to reach USD 122.06 million.

3M, Dow, Henkel AG & Co. KGaA, Sika AG and Soudal Holding N.V. are the major companies operating in the Thailand Sealants Market.

In the Thailand Sealants Market, the Building and Construction segment accounts for the largest share by end user industry.

In 2024, the Aerospace segment accounts for the fastest growing by end user industry in the Thailand Sealants Market.

In 2023, the Thailand Sealants Market size was estimated at 122.06 million. The report covers the Thailand Sealants Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thailand Sealants Market size for years: 2024, 2025, 2026, 2027 and 2028.

Thailand Sealants Industry Report

Statistics for the 2023 Thailand Sealants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand Sealants analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Thailand Sealants Market Report Snapshots

Thailand Sealants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028