Thailand Adhesives Industry Market Growth Fueled by CAGR to XXX Million by 2033

Key Insights

The Thailand adhesives market, valued at approximately 250 million USD in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 6% from 2025 to 2033. This expansion is fueled by several key factors. The burgeoning construction and automotive sectors in Thailand are significant drivers, demanding high-performance adhesives for diverse applications. Increasing industrialization and a rise in consumer spending are also contributing to market growth. The packaging industry's steady expansion, coupled with the growing demand for sophisticated packaging solutions, further strengthens market prospects. Technological advancements in adhesive formulations, particularly in hot melt and UV-cured adhesives, are enhancing product capabilities and expanding application possibilities. However, fluctuations in raw material prices and potential environmental regulations related to volatile organic compound (VOC) emissions pose challenges to sustained growth. The market is segmented by resin type (acrylic, cyanoacrylate, epoxy, polyurethane, silicone, VAE/EVA, and others), end-user industry (aerospace, automotive, building and construction, footwear and leather, healthcare, packaging, woodworking and joinery, and others), and technology (hot melt, reactive, solvent-borne, UV-cured, and water-borne). Leading players such as Henkel, 3M, and Sika are actively shaping the competitive landscape through product innovation and strategic partnerships.

The forecast period (2025-2033) anticipates considerable growth, driven by consistent infrastructural development and expansion within manufacturing sectors. The hot melt adhesive segment is poised for strong growth due to its ease of application and cost-effectiveness. The construction and automotive industries will continue to be major consumers of adhesives, followed by the packaging and footwear sectors. While challenges related to raw material costs and environmental considerations will need to be addressed, the overall outlook remains positive, with the market expected to surpass 400 million USD by 2033. Companies are expected to leverage technological advancements and focus on sustainable adhesive solutions to gain a competitive edge.

Thailand Adhesives Industry: Market Report 2019-2033

This comprehensive report provides an in-depth analysis of the Thailand adhesives market, offering invaluable insights for stakeholders seeking to navigate this dynamic industry. Spanning the period 2019-2033, with a focus on 2025, this report meticulously examines market trends, competitive landscapes, technological advancements, and future growth prospects. The study covers key segments, including acrylic, cyanoacrylate, epoxy, polyurethane, silicone, and VAE/EVA resins, across diverse end-user industries like automotive, building & construction, and packaging. This analysis is crucial for strategic decision-making, investment planning, and understanding the evolving dynamics of the Thailand adhesives market. The total market value in 2025 is estimated at xx Million USD, with a projected value of xx Million USD by 2033.

Thailand Adhesives Industry Market Composition & Trends

This section analyzes the market concentration, innovation drivers, regulatory landscape, substitute products, end-user profiles, and merger & acquisition (M&A) activities within the Thailand adhesives industry. The market is characterized by a moderately concentrated structure with key players like Henkel, 3M, and Arkema holding significant market shares, estimated to be collectively around 40% in 2025. However, smaller, specialized companies are also present, catering to niche applications. Innovation is driven by the need for sustainable, high-performance adhesives, particularly within the growing packaging and construction sectors.

• Market Share Distribution (2025): Henkel (15%), 3M (12%), Arkema (8%), Others (65%)
• M&A Activity (2019-2024): A total of xx Million USD in deals were recorded, primarily focusing on expanding regional presence and acquiring specialized adhesive technologies.
• Regulatory Landscape: The report examines the impact of environmental regulations on adhesive formulations and the adoption of sustainable practices.
• Substitute Products: Competition from alternative fastening technologies like screws and welding is analyzed, considering their respective advantages and limitations.
• End-User Profiles: The report provides a detailed breakdown of end-user consumption patterns across various sectors, highlighting growth potential in key industries.

Thailand Adhesives Industry Industry Evolution

The Thailand adhesives market has witnessed consistent growth over the historical period (2019-2024), driven primarily by robust construction activity and expanding manufacturing sectors. The average annual growth rate (AAGR) between 2019 and 2024 is estimated at xx%, exceeding regional averages. Technological advancements, particularly in hot melt and UV-cured adhesives, have improved efficiency and performance, boosting market adoption. This evolution is further shaped by changing consumer preferences, especially towards eco-friendly, low-VOC adhesives. The projected CAGR from 2025 to 2033 is xx%, signifying continued expansion, fueled by increasing industrialization and infrastructural development within Thailand. Key drivers include government investments in infrastructure projects and the rising demand for advanced packaging solutions. The increasing awareness of sustainable materials is also a significant factor influencing the demand for eco-friendly adhesives.

Leading Regions, Countries, or Segments in Thailand Adhesives Industry

The Building and Construction sector represents the leading end-user industry for adhesives in Thailand, accounting for approximately 35% of total consumption in 2025. This is propelled by significant government investment in infrastructure development and a growing real estate market. Within resin types, acrylic adhesives dominate, representing roughly 25% of the market share in 2025, due to their versatility and cost-effectiveness.

• Key Drivers for Building & Construction:
  • Government infrastructure projects.
  • Rising residential construction activity.
  • Increased demand for high-performance construction materials.
• Key Drivers for Acrylic Adhesives:
  • Versatility and suitability for multiple applications.
  • Cost-effectiveness compared to other resin types.
  • Continuous innovation leading to improved performance characteristics.

Thailand Adhesives Industry Product Innovations

Recent years have witnessed significant product innovations, with a focus on sustainability and improved performance. Major players like 3M and Henkel have introduced new ranges of acrylic and solvent-free adhesives, targeting specific application needs. These innovations emphasize lower VOC emissions, enhanced bonding strength, and improved ease of use. The market is witnessing a growing demand for bio-based and renewable content adhesives, aligning with global sustainability goals.

Propelling Factors for Thailand Adhesives Industry Growth

The Thailand adhesives market’s growth is driven by several factors: the burgeoning construction industry fuelled by government investments, the expansion of the automotive and packaging sectors, and the increasing demand for high-performance adhesives in specialized applications like aerospace and healthcare. Moreover, technological advancements like the development of eco-friendly adhesives are propelling market expansion. Government initiatives promoting sustainable manufacturing also contribute positively.

Obstacles in the Thailand Adhesives Industry Market

Challenges include fluctuating raw material prices, supply chain disruptions, and intense competition from both domestic and international players. Furthermore, stringent environmental regulations can impact production costs and necessitate investments in cleaner technologies. Economic downturns can also lead to reduced demand, especially in sectors like construction.

Future Opportunities in Thailand Adhesives Industry

Future opportunities lie in the growing demand for specialized adhesives in emerging sectors, such as electronics and renewable energy. The adoption of innovative adhesive technologies, like those with bio-based content, is expected to drive significant growth. Expanding into new geographic markets within Thailand and catering to the increasing demand for sustainable solutions will present lucrative opportunities.

Major Players in the Thailand Adhesives Industry Ecosystem

• 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 Developments in Thailand Adhesives Industry Industry

• 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, 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.
• December 2021: Arkema introduced a new range of disposable hygiene adhesive solutions formulated with bio-based renewable content under the Nuplaviva brand.

Strategic Thailand Adhesives Industry Market Forecast

The Thailand adhesives market is poised for sustained growth, driven by robust economic activity and the increasing adoption of advanced adhesive technologies. Opportunities exist across diverse end-user sectors, particularly in the burgeoning construction, automotive, and packaging industries. The focus on sustainability and the demand for high-performance adhesives will continue to shape market dynamics, creating exciting prospects 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