| Product Code: ETC4519226 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Thailand import trend for the advanced composites market experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -88.46% during 2020-2024. This sharp decrease in imports could be attributed to shifting demand dynamics, impacting market stability and import momentum within the industry.
The Thailand Advanced Composites Market is on the rise due to the aerospace, automotive, and construction industries` demand for lightweight, high-strength materials. Advanced composites offer superior properties, making them vital for enhancing product performance and fuel efficiency.
The Thailand Advanced Composites market is witnessing significant growth, driven by the increasing demand for lightweight and high-strength materials in aerospace, automotive, and construction industries. Advanced composites, including carbon fiber-reinforced composites and fiberglass composites, offer superior mechanical properties and corrosion resistance. As Thailand industries strive for improved fuel efficiency in transportation and there is a growing trend toward lightweight and durable construction materials, the adoption of advanced composites is on the rise. The market growth is further supported by advancements in composite manufacturing processes, the development of materials with tailored properties, and efforts to provide sustainable and cost-effective composite solutions.
The Thailand Advanced Composites Market grapples with challenges related to material performance and cost-effectiveness. Developing composites with enhanced properties while managing production costs requires continuous research and development. Additionally, educating end-users about the benefits of advanced composites and building partnerships with industries that can leverage these materials pose strategic challenges.
The Thailand Advanced Composites market faced challenges during the COVID-19 pandemic, with disruptions in aerospace and automotive industries affecting demand. Advanced composites, valued for their lightweight and high-strength properties, encountered fluctuations in production and consumption. Post-pandemic, the market is recovering as aerospace and automotive projects resume, with increased demand for lightweight and durable composite materials. The Thailand Advanced Composites market remains essential in providing solutions for industries requiring high-performance materials, contributing to advancements in transportation and aerospace technologies.
The advanced composites market in Thailand witnesses the active participation of industry leaders such as Advanced Composite Solutions, ThaiTech Composites, and Innovate Materials Co. These companies have been pivotal in driving the adoption of advanced composites in aerospace, automotive, and construction applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Advanced Composites Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Advanced Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Advanced Composites Market - Industry Life Cycle |
3.4 Thailand Advanced Composites Market - Porter's Five Forces |
3.5 Thailand Advanced Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.6 Thailand Advanced Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Thailand Advanced Composites Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.8 Thailand Advanced Composites Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Thailand Advanced Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight materials in the aerospace and automotive industries |
4.2.2 Growing focus on sustainability and environmental concerns driving the adoption of advanced composites |
4.2.3 Government initiatives and investments in infrastructure projects using advanced composites |
4.3 Market Restraints |
4.3.1 High production costs associated with advanced composites limiting widespread adoption |
4.3.2 Lack of skilled labor and expertise in working with advanced composite materials |
4.3.3 Competition from traditional materials like steel and aluminum |
5 Thailand Advanced Composites Market Trends |
6 Thailand Advanced Composites Market, By Types |
6.1 Thailand Advanced Composites Market, By Fiber Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Advanced Composites Market Revenues & Volume, By Fiber Type, 2021-2031F |
6.1.3 Thailand Advanced Composites Market Revenues & Volume, By Carbon Fiber Composites, 2021-2031F |
6.1.4 Thailand Advanced Composites Market Revenues & Volume, By Aramid Fiber Composites, 2021-2031F |
6.1.5 Thailand Advanced Composites Market Revenues & Volume, By S-Glass Fiber Composites, 2021-2031F |
6.1.6 Thailand Advanced Composites Market Revenues & Volume, By Other Fiber Composites, 2021-2031F |
6.2 Thailand Advanced Composites Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Advanced Composites Market Revenues & Volume, By Thermosetting, 2021-2031F |
6.2.3 Thailand Advanced Composites Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.3 Thailand Advanced Composites Market, By Manufacturing Process |
6.3.1 Overview and Analysis |
6.3.2 Thailand Advanced Composites Market Revenues & Volume, By Hand layup/ Spray Layup, 2021-2031F |
6.3.3 Thailand Advanced Composites Market Revenues & Volume, By AFP/ATL, 2021-2031F |
6.3.4 Thailand Advanced Composites Market Revenues & Volume, By Filament Winding, 2021-2031F |
6.3.5 Thailand Advanced Composites Market Revenues & Volume, By Injection Molding, 2021-2031F |
6.3.6 Thailand Advanced Composites Market Revenues & Volume, By Pultrusion, 2021-2031F |
6.3.7 Thailand Advanced Composites Market Revenues & Volume, By Compression Molding, 2021-2031F |
6.3.8 Thailand Advanced Composites Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Thailand Advanced Composites Market Revenues & Volume, By Others, 2021-2031F |
6.4 Thailand Advanced Composites Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Thailand Advanced Composites Market Revenues & Volume, By Transportation, 2021-2031F |
6.4.3 Thailand Advanced Composites Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.4.4 Thailand Advanced Composites Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.4.5 Thailand Advanced Composites Market Revenues & Volume, By Sporting Goods, 2021-2031F |
6.4.6 Thailand Advanced Composites Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.4.7 Thailand Advanced Composites Market Revenues & Volume, By Civil Engineering, 2021-2031F |
6.4.8 Thailand Advanced Composites Market Revenues & Volume, By Medical, 2021-2031F |
6.4.9 Thailand Advanced Composites Market Revenues & Volume, By Medical, 2021-2031F |
7 Thailand Advanced Composites Market Import-Export Trade Statistics |
7.1 Thailand Advanced Composites Market Export to Major Countries |
7.2 Thailand Advanced Composites Market Imports from Major Countries |
8 Thailand Advanced Composites Market Key Performance Indicators |
8.1 Percentage increase in research and development investments in advanced composite technologies |
8.2 Number of new product launches featuring advanced composites in key industries |
8.3 Growth in the number of partnerships and collaborations between companies in Thailand and international players in the advanced composites market |
9 Thailand Advanced Composites Market - Opportunity Assessment |
9.1 Thailand Advanced Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.2 Thailand Advanced Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 Thailand Advanced Composites Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.4 Thailand Advanced Composites Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Thailand Advanced Composites Market - Competitive Landscape |
10.1 Thailand Advanced Composites Market Revenue Share, By Companies, 2024 |
10.2 Thailand Advanced Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |