Thailand Polymers Market (2024-2030) | Analysis, Forecast, Companies, Growth, Size, Revenue, Industry, Share, Value, Trends & Outlook

Thailand Polymers Market Synopsis

Thailand is among the leading markets for polymers in Southeast Asia and has been experiencing significant growth over the last few years. The market is anticipated to show remarkable growth during 2020-2026, with a CAGR of 5.5%. Factors such as rising population, flourishing tourism industry, increasing infrastructure development activities and growing demand from downstream industries including automotive, packaging and construction are some of the key drivers fuelling polymer market growth in Thailand. Moreover, growing investments by domestic as well as foreign players into new manufacturing projects will further strengthen the country???s position in this sector.

Market Drivers

The population of Thailand has been steadily increasing due to net migration gains and natural increase which has led to an increased demand for consumer goods thus driving up polymer consumption in the country. To promote production efficiency throughout all sectors, favourable regulatory policies have been introduced by the government. This includes allowing duty free importation on raw materials that were not locally available or too costly for local producers which brings down cost structure thereby resulting in cheaper end products thus providing business opportunities for global investors into Thailand Polymer Market. Under various five year plans (2012 -2016), substantial funds have been allocated towards developing national infrastructure such as roads & bridges etc., creating more opportunities especially for road related polymers like bitumen and asphalt among others used extensively during these projects .

Challenges of the Market

Although there are numerous manufacturers present across different segments within Thailand polymer space but issues pertaining to access of raw material supply chain remains a challenge hampering overall industry performance.For instance, plastic resins require feedstock like petroleum derivatives which at times becomes difficult get timely deliveries due mostly to lack of pipeline network.Thus any disruption can lead slowdown of production process leading extensive losses. With recently elected government coming up with new regulations making it difficult doing businesses their fluctuations in exchange rates makes it harder companies compete internationally given price volatility.

Covid-19 Impact on the Market

The COVID-19 pandemic has affected the polymers market in Thailand, as it has done with many other industries. The impact of the pandemic is mainly seen in decreased demand due to a decrease in economic activity and slowdowns in production. This has caused prices for polymers to drop in recent months. Additionally, supply chain disruptions have also had an effect on availability of materials.

Key Players of the Market

Some key players involved in the Thailand polymer industry include PTT Global Chemical Public Company Limited (PTTGC), IRPC Public Company Limited (IRPC), Siam Polymer Co., Ltd., Thaioil Group Companies PCL, Specialty Product Technologies Co., Ltd., SCG Chemicals Co., Ltd and Dow Thailand Group companies PCL among others.

Key Highlights of the Report:

• Thailand Polymers Market Outlook
• Market Size of Thailand Polymers Market, 2023
• Forecast of Thailand Polymers Market, 2030
• Historical Data and Forecast of Thailand Polymers Revenues & Volume for the Period 2020-2030
• Thailand Polymers Market Trend Evolution
• Thailand Polymers Market Drivers and Challenges
• Thailand Polymers Price Trends
• Thailand Polymers Porter's Five Forces
• Thailand Polymers Industry Life Cycle
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Thermoplastics for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Thermosets for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Elastomers for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Product for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Polyethylene for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Polyvinyl Chloride for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Polypropylene for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Polystyrene for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Polyamide for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Polyurethane for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Polyacrylamide for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Packaging for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Electronics for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Food for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Petrochemicals for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Healthcare for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Building & Construction for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Electronics & Communication for the Period 2020-2030
• Historical Data and Forecast of Thailand Polymers Market Revenues & Volume By Transportation for the Period 2020-2030
• Thailand Polymers Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Application
• Thailand Polymers Top Companies Market Share
• Thailand Polymers Competitive Benchmarking By Technical and Operational Parameters
• Thailand Polymers Company Profiles
• Thailand Polymers Key Strategic Recommendations