Thailand Aromatic Solvents Market (2025-2031) Outlook | Revenue, Value, Companies, Forecast, Trends, Share, Growth, Industry, Analysis & Size
Market Forecast By Type (Toluene Solvents, Xylene Solvents , Ethylbenzene Solvents), By Application (Paints & Coatings, Printing Inks, Adhesives, Cleaning & Degreasing) And Competitive Landscape
| Product Code: ETC4570886 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Thailand Aromatic Solvents Market Synopsis
Aromatic solvents find applications in various industries, including automotive, as they are used in paints, coatings, and cleaning processes. In Thailand, the Aromatic Solvents market is important for manufacturing and maintenance activities within the automotive sector. The demand for these solvents is influenced by the growth of automotive production and associated industries.
Drivers of the Market
The Thailand Aromatic Solvents Market is experiencing substantial growth as various industries, including automotive and chemical manufacturing, utilize aromatic solvents in processes such as cleaning, coatings, and adhesives. Aromatic solvents offer versatile chemical properties and are essential in the production of automotive coatings and maintenance products. The market expansion is fueled by Thailand industrial growth, increasing demand for solvents, and the versatile applications of aromatic solvents in diverse industrial sectors.
Challenges of the Market
The Thailand Aromatic Solvents Market faces challenges related to environmental concerns and regulatory compliance. As the demand for aromatic solvents continues, addressing environmental impact and ensuring compliance with evolving regulations become imperative. Developing sustainable production methods and exploring eco-friendly alternatives are ongoing challenges for stakeholders in this market.
COVID-19 Impact on the Market
The Thailand Aromatic Solvents Market experienced disruptions during the COVID-19 pandemic, affecting the demand from industries such as paints and coatings, adhesives, and pharmaceuticals. However, as industrial activities resume and the construction sector rebounds, the market is expected to recover. The emphasis on aromatic solvents for tasks such as solvent-based formulations, cleaning applications, and chemical processes positions the market as a key player in various manufacturing sectors. The market recovery aligns with the revival of industrial production and the essential role of aromatic solvents in facilitating diverse chemical processes across industries.
Key Players in the Market
In the Thailand Aromatic Solvents Market, key players such as Exxon Mobil Corporation, Royal Dutch Shell PLC, and BASF SE play crucial roles. Exxon Mobil Corporation, a major contributor, is involved in the production of aromatic solvents used in various industries, including automotive and paints. Their comprehensive product portfolio positions Exxon Mobil as a key player in the aromatic solvents market in Thailand, supporting diverse applications in the chemical industry.
Key Highlights of the Report:
- Thailand Aromatic Solvents Market Outlook
- Market Size of Thailand Aromatic Solvents Market, 2024
- Forecast of Thailand Aromatic Solvents Market, 2031
- Historical Data and Forecast of Thailand Aromatic Solvents Revenues & Volume for the Period 2021-2031
- Thailand Aromatic Solvents Market Trend Evolution
- Thailand Aromatic Solvents Market Drivers and Challenges
- Thailand Aromatic Solvents Price Trends
- Thailand Aromatic Solvents Porter's Five Forces
- Thailand Aromatic Solvents Industry Life Cycle
- Historical Data and Forecast of Thailand Aromatic Solvents Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Thailand Aromatic Solvents Market Revenues & Volume By Toluene Solvents for the Period 2021-2031
- Historical Data and Forecast of Thailand Aromatic Solvents Market Revenues & Volume By Xylene Solvents for the Period 2021-2031
- Historical Data and Forecast of Thailand Aromatic Solvents Market Revenues & Volume By Ethylbenzene Solvents for the Period 2021-2031
- Historical Data and Forecast of Thailand Aromatic Solvents Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Thailand Aromatic Solvents Market Revenues & Volume By Paints & Coatings for the Period 2021-2031
- Historical Data and Forecast of Thailand Aromatic Solvents Market Revenues & Volume By Printing Inks for the Period 2021-2031
- Historical Data and Forecast of Thailand Aromatic Solvents Market Revenues & Volume By Adhesives for the Period 2021-2031
- Historical Data and Forecast of Thailand Aromatic Solvents Market Revenues & Volume By Cleaning & Degreasing for the Period 2021-2031
- Thailand Aromatic Solvents Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Thailand Aromatic Solvents Top Companies Market Share
- Thailand Aromatic Solvents Competitive Benchmarking By Technical and Operational Parameters
- Thailand Aromatic Solvents Company Profiles
- Thailand Aromatic Solvents Key Strategic Recommendations
What are the new business and investment opportunities in the Thailand aromatic solvents market?
Companies like PTT Global Chemical Public Company Limited and IRPC Public Company Limited are expanding their production capacity in Thailand, creating opportunities for new partnerships and investments in the aromatic solvents sector.
The key competitors in the Thailand aromatic solvents market include companies such as PTT Global Chemical Public Company Limited, Thai Oil Public Company Limited, and IRPC Public Company Limited. PTT Global Chemical focuses on innovation and sustainability, Thai Oil emphasizes product quality and customer service, while IRPC positions itself as a leading provider of specialty chemicals in the region.
The Thailand aromatic solvents market is primarily driven by the increasing demand from industries such as paints and coatings, adhesives, and printing inks. Companies like PTT Global Chemical Public Company Limited and Thai Oil Public Company Limited are major players in this market. However, challenges such as stringent environmental regulations and the shift towards eco-friendly alternatives like bio-based solvents are shaping the dynamics of the industry. The market is also influenced by the global supply chain disruptions and fluctuations in crude oil prices.
The Thailand aromatic solvents market is expected to witness steady growth in the coming years due to increasing demand from various industries such as paints and coatings, adhesives, and pharmaceuticals. Companies like PTT Global Chemical Public Company Limited and IRPC Public Company Limited are likely to play a significant role in shaping the market dynamics through product innovation and strategic partnerships. Additionally, the shift towards eco-friendly and sustainable solvents, such as bio-based aromatic solvents, is expected to influence the market trends in the future.
The long-term outlook for the Thailand aromatic solvents market is positive, driven by factors such as increasing demand from industries like paints and coatings, adhesives, and pharmaceuticals. Companies like PTT Global Chemical Public Company Limited and IRPC Public Company Limited are investing in research and development to introduce eco-friendly solvents, aligning with the global trend towards sustainability. Additionally, the government's initiatives to promote the use of bio-based solvents in various applications are expected to further boost the market in the coming years.
6Wresearch actively monitors the Thailand Aromatic Solvents Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Thailand Aromatic Solvents Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Aromatic Solvents Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Aromatic Solvents Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Aromatic Solvents Market - Industry Life Cycle |
3.4 Thailand Aromatic Solvents Market - Porter's Five Forces |
3.5 Thailand Aromatic Solvents Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Aromatic Solvents Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Aromatic Solvents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for aromatics solvents in various industries such as paints, coatings, and adhesives due to their superior properties. |
4.2.2 Growth in the construction and automotive industries in Thailand, driving the demand for aromatic solvents for applications such as coatings and sealants. |
4.2.3 Rising investments in infrastructure projects leading to higher consumption of aromatic solvents in the country. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices, such as benzene and toluene, impacting the production cost of aromatic solvents. |
4.3.2 Stringent environmental regulations and increasing focus on sustainability may hinder the usage of aromatic solvents in certain applications. |
5 Thailand Aromatic Solvents Market Trends |
6 Thailand Aromatic Solvents Market, By Types |
6.1 Thailand Aromatic Solvents Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Aromatic Solvents Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Aromatic Solvents Market Revenues & Volume, By Toluene Solvents, 2021-2031F |
6.1.4 Thailand Aromatic Solvents Market Revenues & Volume, By Xylene Solvents , 2021-2031F |
6.1.5 Thailand Aromatic Solvents Market Revenues & Volume, By Ethylbenzene Solvents, 2021-2031F |
6.2 Thailand Aromatic Solvents Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Aromatic Solvents Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 Thailand Aromatic Solvents Market Revenues & Volume, By Printing Inks, 2021-2031F |
6.2.4 Thailand Aromatic Solvents Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.5 Thailand Aromatic Solvents Market Revenues & Volume, By Cleaning & Degreasing, 2021-2031F |
7 Thailand Aromatic Solvents Market Import-Export Trade Statistics |
7.1 Thailand Aromatic Solvents Market Export to Major Countries |
7.2 Thailand Aromatic Solvents Market Imports from Major Countries |
8 Thailand Aromatic Solvents Market Key Performance Indicators |
8.1 Environmental compliance metrics related to the usage and disposal of aromatic solvents. |
8.2 Adoption rate of eco-friendly alternatives to traditional aromatic solvents. |
8.3 Number of new product developments and innovations in the aromatic solvents market in Thailand. |
8.4 Utilization rate of aromatic solvents in key end-user industries in the country. |
8.5 Regulatory approvals and certifications obtained for aromatic solvent products in Thailand. |
9 Thailand Aromatic Solvents Market - Opportunity Assessment |
9.1 Thailand Aromatic Solvents Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Aromatic Solvents Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Aromatic Solvents Market - Competitive Landscape |
10.1 Thailand Aromatic Solvents Market Revenue Share, By Companies, 2024 |
10.2 Thailand Aromatic Solvents Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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