Thailand Adhesives Market
The Thailand adhesives market is expected to be valued at USD XX million in 2016 and is likely to reach USD XX million by 2021, growing at an estimated CAGR of XX% during the forecast period, 2016-2021.
Adhesives, owing to their ability to bind different material together by distributing stress more efficiently across the joints, are becoming an integral part of various commercial and industrial sectors. Adhesives and sealants are often considered together, as they both are applied to the surfaces of materials to adhere and seal them together. They are generally in a 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 types namely, structural (whose strength is vital for the success of the assembly) and non-structural adhesives (generally have low strength and are used to bond weak substrates and for temporary fastening).
The adhesives market is driven by many factors, such as the growing environmental awareness, wide-range of applications, and growing consumer class. However, this market faces certain drawbacks, such as volatility in raw material prices and political turmoil in the region. These factors may act as a hindrance for the growth of the market.
The Thailand adhesives market is segmented by end-user, namely, building & construction; paper, board, & packaging; woodworking & joinery; transportation; footwear & leather; assembly operations; and electronics. The paper, board and packaging segment holds one of the major shares in the market, which is shown below:
The Thailand adhesives market, based on type, has been segmented into hot melt adhesives, reactive hot melt adhesives, solvent-based adhesives, pressure sensitive adhesives, epoxy adhesives, and polyurethane adhesives.
Opportunities and Major Players
The growing construction industry, rising automotive industry, and accelerating packaging industry will offer numerous opportunities for the growth of the Thailand adhesives market.
Some of the major companies dominating this market for its products, services, and continuous product developments are:
Key Deliverables in the Study
Market analysis for the Thailand adhesives market, with region-specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the Thailand adhesives market.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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.
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