Thailand Adipic Acid Market: Import Trend Analysis
Thailand import trend for adipic acid in 2024 experienced a decline with a growth rate of -7.41%, contrasting the 2.28% compound annual growth rate (CAGR) from 2020 to 2023. This negative momentum could be attributed to shifts in demand dynamics or market conditions impacting import patterns.
Adipic Acid Market: Thailand vs Top 5 Major Economies in 2027 (Asia)
By 2027, Thailand's Adipic Acid market is forecasted to achieve a stable growth rate of 0.02%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
Thailand Adipic Acid Market Synopsis
Adipic acid is an important intermediate chemical used primarily as a raw material for nylon 6 production; it can also be used in food preservation products such as citric acid esters or tartaric esters of adipic acid along with polyurethanes manufacture among others applications. In Thailand, total adipic acid consumption amounted to 110 thousand metric tons in 2025 with majority being domestically produced (approx 75%) whereas rest being imported mainly from China (~15%), Taiwan (~10%) and South Korea (~5%). Average import prices were USD 1012/MT CFR Bangkok during same period.
Drivers of the Market
The Thailand adipic acid market is driven by its application in the production of nylon and other polymers. Adipic acid`s role in the synthesis of nylon 6,6 and its use in manufacturing textiles and plastics contribute to its market growth.
Challenges of the Market
The adipic acid market in Thailand faces several challenges that influence its production, distribution, and overall competitiveness. One of the primary challenges is the increasing emphasis on sustainability and environmental responsibility. Adipic acid is widely used in the production of plastics, textiles, and coatings, and there is a growing demand for alternatives that have a reduced environmental impact. This shift in consumer preferences and regulatory requirements places pressure on manufacturers to explore more eco-friendly production processes and materials. Additionally, fluctuations in raw material prices and global supply chain disruptions can impact the cost and availability of adipic acid, affecting its competitive position in the market.
COVID-19 Impact on the Market
Disruptions in manufacturing and supply chains affected demand for adipic acid, used in various applications, including polymers and textiles.
Key Players in the Market
In the Thailand adipic acid market, key players like PTT Global Chemical Public Co., Ltd., contribute to the production and distribution of adipic acid, an important chemical used in the production of nylon and other polymers.
Key Highlights of the Report:
- Thailand Adipic Acid Market Outlook
- Market Size of Thailand Adipic Acid Market, 2025
- Forecast of Thailand Adipic Acid Market, 2032
- Historical Data and Forecast of Thailand Adipic Acid Revenues & Volume for the Period 2022-2032F
- Thailand Adipic Acid Market Trend Evolution
- Thailand Adipic Acid Market Drivers and Challenges
- Thailand Adipic Acid Price Trends
- Thailand Adipic Acid Porter's Five Forces
- Thailand Adipic Acid Industry Life Cycle
- Historical Data and Forecast of Thailand Adipic Acid Market Revenues & Volume By Applications for the Period 2022-2032F
- Historical Data and Forecast of Thailand Adipic Acid Market Revenues & Volume By Nylon 66 for the Period 2022-2032F
- Historical Data and Forecast of Thailand Adipic Acid Market Revenues & Volume By Plasticizers for the Period 2022-2032F
- Historical Data and Forecast of Thailand Adipic Acid Market Revenues & Volume By Polyurethanes for the Period 2022-2032F
- Historical Data and Forecast of Thailand Adipic Acid Market Revenues & Volume By Automotive for the Period 2022-2032F
- Historical Data and Forecast of Thailand Adipic Acid Market Revenues & Volume By Polyester Staple Fiber for the Period 2022-2032F
- Thailand Adipic Acid Import Export Trade Statistics
- Market Opportunity Assessment By Applications
- Thailand Adipic Acid Top Companies Market Share
- Thailand Adipic Acid Competitive Benchmarking By Technical and Operational Parameters
- Thailand Adipic Acid Company Profiles
- Thailand Adipic Acid Key Strategic Recommendations
