Thailand Adhesives market - Segmented by Type and Application - Trends and Forecasts 2017 - 2022

  • ID: 4390514
  • Report
  • Region: Thailand
  • 113 pages
  • Mordor Intelligence
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The Thailand Adhesives Market was valued at USD 322.53 million in 2016 and is projected to reach USD 423.80 million by 2021, at a CAGR of 5.61% during the forecast period, 2016 to 2021. In terms of volume, the Thailand Adhesive Market was valued at 117.76 kilo tons in 2016, and is projected to reach 140.48 kilo tons by 2021, growing at a CAGR of 3.59%, during the forecast period 2016-2021.

Adhesives and sealants are often grouped together, as they both are applied to the surfaces of materials to adhere and seal them together. They are generally available in the liquid form, which is viscous in nature, with no or little flow characteristics. Adhesives are majorly chosen for their bonding and holding power and have high tensile and shear strength. Adhesives are of two varieties, namely structural adhesives (strength is vital for the success of the assembly) and non-structural adhesives (generally have low strength, are used to bond weak substrates and for temporary fastening). However, sealants are majorly selected for their ability to resist relative movement of the substrates, to fill gaps, and to contain or exclude another material. They have less strength compared to adhesives, but are more flexible in nature.

Adhesives and sealants, owing to their ability to bind different materials together by distributing stress more efficiently across the joint, are becoming an integral part of various commercial and industrial sectors. In this report, we have considered the following major end-user sectors:

Building and Construction
Paper, Board, and Packaging
Woodworking and Joinery
Footwear and Leather
Electrical and Electronics

The paper, board, and packaging segment accounted for over 20% share of the country's adhesive market in terms of revenue, in 2015.

This market is driven by factors, such as increasing adoption of low-cost flexible packaging aids. However, this market faces certain drawbacks, such as declining manufacturing and exports and weak political outlook and rising labor costs. These factors may act as a roadblock to the growth of the market.

The Thailand Adhesives market, based on technology, can be broadly segmented into water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives, and others. These are again segmented according to the sub-segmentations of the technology. The Pressure Sensitive Adhesives Market, is segmented based on technology, application, resins and mode of application into respective sub-segments.

Strong Demand from the Construction Sector will offer numerous opportunities for the growth of the adhesives market in the country. Some of major companies dominating the market for its products, services, and continuous product development are H.B. Fuller- Thailand, Sika Thailand, Bostik (Thailand) Co., Ltd., Sunstar Chemical (Thailand) and Thai Mitsui Specialty Chemicals Co., Limited, to name a few.

Key Deliverables:

1. Market analysis for the Thailand Adhesives Market, with region specific assessments and competition analysis on regional scale

2. Market definition along with the identification of key drivers and restraints

3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market

4. Extensively researched competitive landscape section with profiles of major companies along with their market shares

5. Identification and analysis of the macro and micro factors that affect the Thailand Adhesives Market

6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Description
1.2 Research Methodology
1.3 Scope of the Study
2. Executive Summary
3. Market Insights
3.1 Overview
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness Porters Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Adoption of Low-cost Flexible Packaging Aids
4.2 Restraints
4.2.1 Government Regulations Regarding VOC Emissions
4.2.2 Weak Political Outlook and Rising Labor Costs
4.2.3 Declining Manufacturing and Exports
4.3 Opportunities
4.3.1 Growing Popularity of Bio-Based Alternatives
4.3.2 Strong Demand from the Construction Sector
5. Market Segmentation and Analysis (Market Size, Growth and Forecast)
5.1 By Technology
5.1.1 Water-borne Acrylics Polyvinyl Acetate (PVA) Emulsion Ethylene Vinyl Acetate (EVA) Emulsion Polyurethane Dispersions (PU) & CR (Chloroprene Rubber) Latex Others
5.1.2 Solvent-borne Styrene-Butadiene Rubber (SBR) Chloroprene Rubber Poly Acrylate (PA) Others
5.1.3 Reactive Epoxy Modified Acrylics Silicone Polyurethane Cyanoacrylates Others
5.1.4 Hot-melts Ethyl Vinyl Acetate Synthetic Rubbers Others
5.1.5 Others
5.2 By End-user Industry
5.2.1 Building and Construction
5.2.2 Paper, Board, & Packaging
5.2.3 Woodworking & Joinery
5.2.4 Transportation
5.2.5 Footwear and Leather
5.2.6 Healthcare
5.2.7 Electrical and Electronics
5.2.8 Others
5.3 Pressure Sensitive Adhesives
5.3.1 By Technology Water-Borne Solvent-Borne Hot Melt Radiation Cured
5.3.2 By Application Tapes Labels Graphics Others
5.3.3 By Resins Acrylics Silicones Elastomers Other (PU, Epoxies, Vinyl Acetates, etc.)
5.3.3 By Mode of Application Permanent Removable
6. Potential Adhesive Customers
6.1 Adhesives Companies Water-Based
6.2 Adhesives Companies Solvent-Based
6.3 Adhesives Companies Hot-Melt
6.4 Adhesives Companies Reactive
6.5 Adhesives Companies Others
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures Collaborations and Agreements
7.3 Market Shares Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials, Products and Services, and Recent Developments)
8.1. Global Manufacturers
8.1.1 H.B. Fuller- Thailand
8.1.2 Sika Thailand
8.1.3 Bostik (Thailand) Co., Ltd.
8.1.4 Sunstar Chemical (Thailand)
8.1.5 Henkel Chemicals (Thailand)
8.2. Local Manufacturers
8.2.1 Starbond (Thailand)
8.2.2 Oji Label (Thailand) Limited
8.2.3 Bond Chemicals (Thailand) Limited
8.2.4 Thai Mitsui Specialty Chemicals Co., Limited
8.2.5 Asia Cemedine Co Ltd (Acc)
9. Disclaimer
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown