Key Insights

The Thailand adhesives market, valued at approximately 150 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 drivers. The burgeoning construction and automotive sectors in Thailand are significantly boosting demand for adhesives across various applications. Furthermore, the increasing adoption of advanced adhesive technologies, such as UV-cured and hot-melt adhesives, in diverse industries like packaging and footwear is contributing to market growth. The rising consumer preference for durable and high-quality products further necessitates the use of reliable and efficient adhesives. However, challenges remain, including fluctuations in raw material prices and potential environmental concerns associated with certain adhesive types. Market segmentation reveals significant contributions from the hot melt, epoxy, and acrylic resin categories, driven by their versatility and suitability for diverse applications. Within the end-user industries, building and construction, automotive, and packaging represent the largest segments, reflecting the substantial infrastructure development and manufacturing activities in Thailand.

The competitive landscape is characterized by a mix of both global and domestic players. Leading international companies, such as 3M, Henkel, and Arkema, alongside prominent local manufacturers, are actively participating in the market. Strategic partnerships, product innovation, and expansion into niche applications are expected to shape the competitive dynamics in the coming years. To maintain market share and drive future growth, companies are focusing on developing environmentally friendly and high-performance adhesive solutions to cater to evolving industry needs and sustainability concerns. The forecast period, 2025-2033, suggests continued expansion, driven by favorable economic conditions and ongoing industrial development within Thailand. The market’s growth trajectory is projected to be influenced by government initiatives supporting infrastructure development and the manufacturing sector.

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

This in-depth report provides a comprehensive analysis of the Thailand adhesives industry, offering valuable insights for stakeholders seeking to understand market dynamics, opportunities, and challenges. The study period covers 2019-2033, with 2025 serving as the base and estimated year. The forecast period spans 2025-2033, while the historical period encompasses 2019-2024. The report utilizes data and expert analysis to deliver actionable intelligence.

Thailand Adhesives Industry Market Concentration & Innovation

The Thailand adhesives market exhibits a moderately concentrated landscape, dominated by both multinational giants and established local players. Key players like Henkel AG & Co KGaA, 3M, Arkema Group, Huntsman International LLC, Dow, and H B Fuller Company hold significant market share, estimated at xx Million in 2025. However, regional players such as Selic Corp Public Company Limited, Star Bond (Thailand) Company Limited, and DUNLOP ADHESIVES (THAILAND) CO LTD contribute significantly to the overall market volume, creating a dynamic competitive environment. Market share analysis reveals a concentration ratio of xx%, indicating room for both consolidation and niche market penetration.

Innovation is driven by increasing demand for specialized adhesives in high-growth sectors such as automotive, construction, and electronics. Regulatory frameworks, including those related to environmental sustainability and worker safety, are also key drivers pushing the development of eco-friendly and low-VOC adhesive solutions. The market experiences competitive pressure from product substitutes, particularly in specific applications where mechanical fastening or alternative bonding methods are feasible. The past five years have witnessed several M&A activities, with deal values totaling approximately xx Million, primarily focused on expanding product portfolios and geographical reach. These deals signal the industry's consolidation trend and the pursuit of market leadership.

• Key Market Players: Henkel AG & Co KGaA, 3M, Arkema Group, Huntsman International LLC, Dow, H B Fuller Company, Selic Corp Public Company Limited, Star Bond (Thailand) Company Limited, DUNLOP ADHESIVES (THAILAND) CO LTD, Sika AG.
• Market Concentration: xx% concentration ratio (2025 estimate).
• M&A Activity (2019-2024): Total deal value approximately xx Million.
• Innovation Drivers: Demand for specialized adhesives, regulatory pressures, and competition from substitutes.

Thailand Adhesives Industry Industry Trends & Insights

The Thailand adhesives market is experiencing robust growth, fueled by the nation's expanding manufacturing sector, particularly in automotive, electronics, and construction. The Compound Annual Growth Rate (CAGR) for the period 2025-2033 is projected at xx%, driven by factors such as rising disposable incomes, increasing infrastructure development, and government initiatives to boost industrial production. Technological disruptions, such as the introduction of advanced adhesive formulations with enhanced performance characteristics (e.g., higher strength, improved durability, and faster curing times), are transforming the industry. Consumer preferences are shifting towards eco-friendly and sustainable adhesives, resulting in increased demand for water-based and bio-based solutions. Competitive dynamics are shaped by ongoing innovation, price competition, and the entry of new players, particularly in niche segments. Market penetration of advanced adhesive technologies, such as UV-cured and hot-melt adhesives, is increasing steadily, reflecting a growing adoption in various applications. The construction sector, in particular, is driving strong demand for high-performance construction adhesives, contributing significantly to overall market growth. Furthermore, the increasing focus on automation and Industry 4.0 technologies is creating opportunities for innovative adhesive dispensing and application systems.

Dominant Markets & Segments in Thailand Adhesives Industry

The building and construction sector dominates the Thailand adhesives market, accounting for approximately xx% of the total market volume in 2025. This dominance is driven by the robust growth of the construction industry, fueled by government infrastructure projects and rising urbanization. Within the resin segment, acrylic adhesives hold the largest market share due to their versatility, cost-effectiveness, and suitability for a broad range of applications.

• Key Drivers for Building and Construction Dominance:
  • Government infrastructure investments.
  • Rapid urbanization and housing development.
  • Growing industrial construction activity.
• Acrylic Adhesives Dominance:
  • Versatility and cost-effectiveness.
  • Wide range of applications.
  • Suitability for various substrates.

Other significant segments include packaging, automotive, and footwear, reflecting the diversified industrial landscape of Thailand. Regional variations exist within the country, with higher growth rates observed in urban centers and industrial hubs.

Thailand Adhesives Industry Product Developments

Recent product innovations highlight a clear trend toward sustainable and high-performance adhesives. Companies are focusing on developing solvent-free, low-VOC, and bio-based formulations to meet growing environmental concerns and regulatory requirements. New adhesive technologies, such as UV-cured and hot-melt adhesives, are gaining traction due to their fast curing times and enhanced performance characteristics. These advancements allow for increased efficiency and improved productivity in various manufacturing processes. The competitive advantage is built upon offering specialized solutions tailored to specific applications and providing superior performance relative to existing alternatives.

Report Scope & Segmentation Analysis

This report segments the Thailand adhesives market by resin type (Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA, Other Resins), end-user industry (Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery, Other End-user Industries), and technology (Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne). Each segment's growth projections, market sizes, and competitive dynamics are analyzed, providing a granular understanding of market trends. The report projects significant growth in water-borne and UV-cured adhesives driven by environmental regulations and improved performance characteristics, respectively. The building and construction segment consistently shows high growth potential, while the automotive sector reflects the increasing sophistication of vehicle manufacturing.

Key Drivers of Thailand Adhesives Industry Growth

Several key factors contribute to the growth of Thailand's adhesives industry. These include:

• Economic Growth: Thailand’s robust economic growth stimulates demand across various sectors, particularly manufacturing and construction.
• Infrastructure Development: Government initiatives supporting infrastructure development, such as road networks and public transportation, fuels the construction adhesive market.
• Technological Advancements: Innovation in adhesive technologies, particularly eco-friendly and high-performance solutions, drives market expansion.
• Favorable Government Policies: Supportive government policies and incentives encourage investment in the manufacturing sector, creating further demand for adhesives.

Challenges in the Thailand Adhesives Industry Sector

The industry faces challenges such as fluctuating raw material prices, potentially impacting production costs and profitability. Supply chain disruptions, particularly those stemming from global events, also pose a risk. Intense competition, particularly from multinational corporations, requires continuous innovation and cost optimization strategies. Furthermore, environmental regulations related to VOC emissions present ongoing pressure to develop more sustainable solutions. These challenges, if not managed effectively, could potentially restrain the growth of the industry.

Emerging Opportunities in Thailand Adhesives Industry

Emerging opportunities lie in the growing demand for specialized adhesives in high-growth sectors such as electronics and renewable energy. The increasing focus on sustainability presents opportunities for manufacturers of eco-friendly adhesives. Furthermore, advancements in adhesive dispensing and application technologies create avenues for increased efficiency and automation in various industries. Exploration of new materials and adhesive formulations with enhanced performance characteristics will continue to shape market development.

Leading Players in the Thailand Adhesives Industry Market

• 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, signifying a move towards environmentally friendly products.
• October 2021: 3M introduced a new generation of acrylic adhesives, expanding its product portfolio and enhancing its market position.
• December 2021: Arkema introduced a new range of disposable hygiene adhesive solutions under the Nuplaviva brand, highlighting the growing demand for bio-based and sustainable options.

Strategic Outlook for Thailand Adhesives Industry Market

The Thailand adhesives market is poised for sustained growth, driven by a combination of economic expansion, infrastructure development, and technological innovation. The increasing demand for high-performance, sustainable, and specialized adhesive solutions will shape future market trends. Companies that focus on innovation, sustainability, and efficient supply chain management are best positioned to capitalize on the emerging opportunities within this dynamic industry. The long-term outlook remains optimistic, with considerable potential for further market expansion.

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