Key Insights
The Thailand construction chemicals market, valued at approximately $XXX million in 2025, is projected to experience robust growth with a Compound Annual Growth Rate (CAGR) exceeding 5.50% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, Thailand's ongoing infrastructure development initiatives, including substantial investments in transportation, residential, and commercial projects, are driving significant demand for construction chemicals. Secondly, the increasing adoption of sustainable building practices and the growing awareness of energy efficiency are boosting the demand for eco-friendly construction chemicals, such as those with low VOC emissions. Finally, the rising number of high-rise buildings and complex construction projects further fuels the need for specialized and high-performance construction chemicals. The market is segmented by product type (adhesives, membranes, sealants, coatings, fire retardants) and end-use sector (commercial, industrial & institutional, infrastructure, residential). While the residential sector is a significant contributor, the infrastructure and commercial sectors are expected to show particularly strong growth due to government investments. Key players like Saint-Gobain, TOA Paint, MBCC Group, and Sika AG are actively competing in this dynamic market, leveraging their technological advancements and established distribution networks. However, potential restraints include fluctuating raw material prices and economic uncertainties that could impact construction activity.
The projected market size for 2033 can be estimated by applying the CAGR. Assuming a 2025 market size of $XXX million (a realistic figure needs to be inserted based on external research) and a CAGR of 5.5%, a substantial increase in market value is expected by 2033. This growth will likely be uneven across segments, with certain product types (like fire retardants in high-rise construction) and end-use sectors (like infrastructure projects) experiencing faster growth than others. Competitive landscape analysis reveals a blend of multinational corporations and local players, leading to both intense competition and opportunities for innovative product offerings and strategic partnerships. The market's future trajectory hinges on continued government support for infrastructure development, advancements in construction technology, and sustained economic growth within Thailand.
This detailed report provides a comprehensive analysis of the Thailand construction chemicals market, offering invaluable insights for industry stakeholders, investors, and strategic decision-makers. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report presents a robust view of the market's historical performance, current state, and future trajectory. The market size is projected to reach xx Million by 2033, exhibiting a CAGR of xx% during the forecast period.
Thailand Construction Chemicals Market Concentration & Innovation
This section analyzes the competitive landscape of the Thai construction chemicals market, examining market concentration, innovation drivers, regulatory frameworks, product substitutes, end-user trends, and mergers & acquisitions (M&A) activities.
The market exhibits a moderately concentrated structure, with key players such as Saint-Gobain, TOA Paint (Thailand) Public Company Limited, MBCC Group, and Sika holding significant market share. Precise market share figures for each player are detailed within the full report. Innovation in the sector is driven by the need for sustainable, high-performance products, coupled with increasing government regulations promoting environmentally friendly construction practices. The regulatory framework in Thailand plays a crucial role, influencing product standards and safety requirements. Key substitute products include traditional materials like cement and lime, but these are increasingly being replaced by more efficient and durable chemical alternatives. End-user trends are leaning towards eco-friendly and technologically advanced solutions. Significant M&A activity, exemplified by Sika's acquisition of MBCC Group (excluding certain regions) in May 2023, is reshaping the market landscape. The deal value for this acquisition is not publicly disclosed, but the full report will provide an analysis of its impact. Further M&A activities and their estimated values are also incorporated within the report.
Thailand Construction Chemicals Market Industry Trends & Insights
The Thai construction chemicals market is experiencing robust growth, driven by a confluence of factors. Significant government investment in infrastructure projects, encompassing transportation networks and utility upgrades, is a primary catalyst. This is further amplified by the thriving residential and commercial construction sectors, both contributing significantly to market expansion. The market is also witnessing considerable technological disruption, manifested in innovative product formulations boasting improved performance, enhanced durability, and sustainable manufacturing processes. A clear consumer preference is emerging towards high-performance, eco-friendly, and cost-effective solutions. The competitive landscape is intensely competitive, with companies vying for market share through technological innovation, strategic pricing, and diversified product offerings. Our analysis meticulously examines the Compound Annual Growth Rate (CAGR) and market penetration of various product segments over the projected forecast period, providing a granular breakdown of each segment's contribution to overall market growth. This includes detailed assessments of market size and share, along with future growth projections, providing valuable insights for stakeholders.
Dominant Markets & Segments in Thailand Construction Chemicals Market
This section identifies the leading segments within the Thai construction chemicals market based on both product type and end-use sector. The full report includes detailed analysis and data supporting this conclusion.
Dominant Product Segments:
- Adhesives: High demand driven by the increasing adoption of prefabricated construction techniques and modern building materials.
- Sealants: Strong growth due to rising infrastructure projects and the necessity for water-resistant buildings.
Dominant End-Use Sectors:
- Infrastructure: Significant government investment in transportation networks and public utilities is a significant factor.
- Residential: Rapid urbanization and rising disposable incomes drive demand for new residential construction.
Key Drivers (for both dominant products and sectors):
- Government initiatives and infrastructure spending.
- Growing urbanization and rising disposable incomes.
- Favourable economic conditions.
Thailand Construction Chemicals Market Product Developments
Recent product innovations are heavily focused on enhancing performance characteristics, sustainability, and ease of application. Key advancements include novel formulations that offer improved durability, incorporate eco-friendly ingredients, and optimize curing times. These innovations provide manufacturers with significant competitive advantages, effectively addressing the evolving needs of the market. The burgeoning popularity of green building practices and a heightened awareness of environmental concerns have fueled a substantial increase in demand for environmentally conscious construction chemicals, driving further innovation in this area.
Report Scope & Segmentation Analysis
This report segments the Thai construction chemicals market by product type (Adhesives, Membranes, Sealants, Coatings, Fire Retardants) and end-use sector (Commercial, Industrial & Institutional, Infrastructure, Residential). Each segment’s growth projections, market sizes, and competitive dynamics are analyzed in detail, providing a granular understanding of the market's structure and dynamics. Detailed breakdowns of market sizes and growth rates are presented within the report for each segment.
Key Drivers of Thailand Construction Chemicals Market Growth
The Thai construction chemicals market is driven by a combination of factors. Significant government investment in infrastructure projects, coupled with rapid urbanization and increased construction activity, fuels demand. The rising disposable incomes in the country lead to increased residential construction and renovation activities, further stimulating growth. The development of green building technologies, coupled with stricter environmental regulations, supports the growth of environmentally friendly construction chemicals.
Challenges in the Thailand Construction Chemicals Market Sector
The Thai construction chemicals market faces several challenges. Fluctuations in raw material prices and supply chain disruptions impact profitability and product availability. Intense competition among existing players necessitates innovative product development and effective marketing strategies. Stringent environmental regulations and the need to comply with safety standards increase the operational costs for manufacturers.
Emerging Opportunities in Thailand Construction Chemicals Market
The Thai construction chemicals market presents several compelling opportunities. The burgeoning demand for sustainable and eco-friendly construction solutions creates lucrative avenues for companies offering innovative, environmentally responsible products. Government initiatives actively promoting green building practices offer considerable growth potential. Furthermore, the ongoing expansion and modernization of infrastructure projects provide additional avenues for growth for construction chemicals manufacturers. Specific opportunities include the development of specialized products for high-rise construction, precast concrete, and infrastructure projects. The increasing focus on resilience and disaster preparedness also creates demand for durable and long-lasting construction chemicals.
Leading Players in the Thailand Construction Chemicals Market Market
- Saint-Gobain
- TOA Paint (Thailand) Public Company Limited
- MBCC Group
- Cemkrete Inter Co Ltd
- CORMIX INTERNATIONAL LIMITED
- Fosroc Inc
- Ardex Group
- Act (Thailand) Co Ltd
- MAPEI S p A
- Sika AG
Key Developments in Thailand Construction Chemicals Market Industry
- May 2023: Sika's acquisition of the MBCC Group (excluding concrete admixture operations in Europe, North America, Australia, and New Zealand) represents a significant reshaping of the market's competitive dynamics.
- February 2023: Master Builders Solutions (MBCC Group)'s establishment of a new offshore grout production plant in Taiwan highlights the expanding demand within the offshore wind energy sector, a segment with significant growth potential.
- November 2022: Saint-Gobain's Chryso launched CHRYSO Dem Aqua 800, a sustainable mold release agent, demonstrating ongoing innovation and a commitment to environmentally friendly solutions within the market.
Strategic Outlook for Thailand Construction Chemicals Market Market
The Thailand construction chemicals market exhibits strong growth potential driven by continued infrastructure development, urbanization, and rising consumer demand. The increasing adoption of sustainable building practices and technological advancements will shape future market dynamics. Companies focusing on innovation, sustainability, and efficient supply chains are well-positioned to capitalize on emerging opportunities.
Thailand Construction Chemicals Market Segmentation
-
1. End Use Sector
- 1.1. Commercial
- 1.2. Industrial and Institutional
- 1.3. Infrastructure
- 1.4. Residential
-
2. Product
-
2.1. Adhesives
-
2.1.1. By Sub Product
- 2.1.1.1. Hot Melt
- 2.1.1.2. Reactive
- 2.1.1.3. Solvent-borne
- 2.1.1.4. Water-borne
-
2.1.1. By Sub Product
-
2.2. Anchors and Grouts
- 2.2.1. Cementitious Fixing
- 2.2.2. Resin Fixing
- 2.2.3. Other Types
-
2.3. Concrete Admixtures
- 2.3.1. Accelerator
- 2.3.2. Air Entraining Admixture
- 2.3.3. High Range Water Reducer (Super Plasticizer)
- 2.3.4. Retarder
- 2.3.5. Shrinkage Reducing Admixture
- 2.3.6. Viscosity Modifier
- 2.3.7. Water Reducer (Plasticizer)
-
2.4. Concrete Protective Coatings
- 2.4.1. Acrylic
- 2.4.2. Alkyd
- 2.4.3. Epoxy
- 2.4.4. Polyurethane
- 2.4.5. Other Resin Types
-
2.5. Flooring Resins
- 2.5.1. Polyaspartic
-
2.6. Repair and Rehabilitation Chemicals
- 2.6.1. Fiber Wrapping Systems
- 2.6.2. Injection Grouting Materials
- 2.6.3. Micro-concrete Mortars
- 2.6.4. Modified Mortars
- 2.6.5. Rebar Protectors
-
2.7. Sealants
- 2.7.1. Silicone
-
2.8. Surface Treatment Chemicals
- 2.8.1. Curing Compounds
- 2.8.2. Mold Release Agents
- 2.8.3. Other Product Types
-
2.9. Waterproofing Solutions
- 2.9.1. Membranes
-
2.1. Adhesives
Thailand Construction Chemicals Market Segmentation By Geography
- 1. Thailand
Thailand Construction Chemicals Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of > 5.50% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 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. Growing Consumption for Polyethylene Terephthalate in the Packaging Sector; Significant Demand of Polyester Fibers from the Textile Sector in Asia Pacific
- 3.3. Market Restrains
- 3.3.1. Toxic Effects of Terephthalic Acid
- 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 Construction Chemicals Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by End Use Sector
- 5.1.1. Commercial
- 5.1.2. Industrial and Institutional
- 5.1.3. Infrastructure
- 5.1.4. Residential
- 5.2. Market Analysis, Insights and Forecast - by Product
- 5.2.1. Adhesives
- 5.2.1.1. By Sub Product
- 5.2.1.1.1. Hot Melt
- 5.2.1.1.2. Reactive
- 5.2.1.1.3. Solvent-borne
- 5.2.1.1.4. Water-borne
- 5.2.1.1. By Sub Product
- 5.2.2. Anchors and Grouts
- 5.2.2.1. Cementitious Fixing
- 5.2.2.2. Resin Fixing
- 5.2.2.3. Other Types
- 5.2.3. Concrete Admixtures
- 5.2.3.1. Accelerator
- 5.2.3.2. Air Entraining Admixture
- 5.2.3.3. High Range Water Reducer (Super Plasticizer)
- 5.2.3.4. Retarder
- 5.2.3.5. Shrinkage Reducing Admixture
- 5.2.3.6. Viscosity Modifier
- 5.2.3.7. Water Reducer (Plasticizer)
- 5.2.4. Concrete Protective Coatings
- 5.2.4.1. Acrylic
- 5.2.4.2. Alkyd
- 5.2.4.3. Epoxy
- 5.2.4.4. Polyurethane
- 5.2.4.5. Other Resin Types
- 5.2.5. Flooring Resins
- 5.2.5.1. Polyaspartic
- 5.2.6. Repair and Rehabilitation Chemicals
- 5.2.6.1. Fiber Wrapping Systems
- 5.2.6.2. Injection Grouting Materials
- 5.2.6.3. Micro-concrete Mortars
- 5.2.6.4. Modified Mortars
- 5.2.6.5. Rebar Protectors
- 5.2.7. Sealants
- 5.2.7.1. Silicone
- 5.2.8. Surface Treatment Chemicals
- 5.2.8.1. Curing Compounds
- 5.2.8.2. Mold Release Agents
- 5.2.8.3. Other Product Types
- 5.2.9. Waterproofing Solutions
- 5.2.9.1. Membranes
- 5.2.1. Adhesives
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Thailand
- 5.1. Market Analysis, Insights and Forecast - by End Use Sector
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2024
- 6.2. Company Profiles
- 6.2.1 Saint-Gobain
- 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 TOA Paint (Thailand) Public 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 MBCC Group
- 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 Cemkrete Inter Co Ltd
- 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 CORMIX INTERNATIONAL LIMITED
- 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 Fosroc Inc
- 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 Ardex Group
- 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 Act (Thailand) Co Ltd
- 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 MAPEI S p A
- 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)
- 6.2.1 Saint-Gobain
List of Figures
- Figure 1: Thailand Construction Chemicals Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Thailand Construction Chemicals Market Share (%) by Company 2024
List of Tables
- Table 1: Thailand Construction Chemicals Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Thailand Construction Chemicals Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 3: Thailand Construction Chemicals Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 4: Thailand Construction Chemicals Market Volume K Tons Forecast, by End Use Sector 2019 & 2032
- Table 5: Thailand Construction Chemicals Market Revenue Million Forecast, by Product 2019 & 2032
- Table 6: Thailand Construction Chemicals Market Volume K Tons Forecast, by Product 2019 & 2032
- Table 7: Thailand Construction Chemicals Market Revenue Million Forecast, by Region 2019 & 2032
- Table 8: Thailand Construction Chemicals Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 9: Thailand Construction Chemicals Market Revenue Million Forecast, by Country 2019 & 2032
- Table 10: Thailand Construction Chemicals Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 11: Thailand Construction Chemicals Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 12: Thailand Construction Chemicals Market Volume K Tons Forecast, by End Use Sector 2019 & 2032
- Table 13: Thailand Construction Chemicals Market Revenue Million Forecast, by Product 2019 & 2032
- Table 14: Thailand Construction Chemicals Market Volume K Tons Forecast, by Product 2019 & 2032
- Table 15: Thailand Construction Chemicals Market Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Thailand Construction Chemicals Market Volume K Tons Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Thailand Construction Chemicals Market?
The projected CAGR is approximately > 5.50%.
2. Which companies are prominent players in the Thailand Construction Chemicals Market?
Key companies in the market include Saint-Gobain, TOA Paint (Thailand) Public Company Limite, MBCC Group, Cemkrete Inter Co Ltd, CORMIX INTERNATIONAL LIMITED, Fosroc Inc, Ardex Group, Act (Thailand) Co Ltd, MAPEI S p A, Sika AG.
3. What are the main segments of the Thailand Construction Chemicals Market?
The market segments include End Use Sector, Product.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Growing Consumption for Polyethylene Terephthalate in the Packaging Sector; Significant Demand of Polyester Fibers from the Textile Sector in Asia Pacific.
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?
Toxic Effects of Terephthalic Acid.
8. Can you provide examples of recent developments in the market?
May 2023: Sika, a global leader in construction chemicals, acquired the MBCC Group, including its waterproofing solutions, anchors & grouts, flooring resins, repair & rehabilitation chemicals, and other businesses, with the exception of its concrete admixture operations in Europe, North America, Australia, and New Zealand.February 2023: Master Builders Solutions, an MBCC Group brand, inaugurated a new offshore grout production plant in Taichung, Taiwan, in order to meet the ongoing demand of the offshore wind turbine market.November 2022: Saint-Gobain's subsidiary, Chryso, introduced CHRYSO Dem Aqua 800, a vegetable oil emulsion-based mold release agent for different concrete applications to provide excellent surface finish quality, mold protection, HSE profile, and optimized consumption.
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 and volume, measured in K Tons.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Thailand Construction Chemicals Market," 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 Construction Chemicals Market 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 Construction Chemicals Market?
To stay informed about further developments, trends, and reports in the Thailand Construction Chemicals Market, 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*)
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
