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

Market Forecast By Product Type (Paving Grade, Hard Grade, Oxidized Grade, Bitumen Emulsions, Polymer Modified Bitumen, Other), By Application (Road Construction, Waterproofing, Adhesives, Other) And Competitive Landscape
Product Code: ETC043325 Publication Date: Jul 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Thailand Bitumen Market Competition 2023

Thailand Bitumen market currently, in 2023, has witnessed an HHI of 3904, Which has increased slightly as compared to the HHI of 3453 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Thailand Export Potential Assessment For Bitumen Market (Values in USD Thousand)


Thailand Bitumen Market Synopsis

The Thailand bitumen market is expected to expand at a considerable CAGR during the forecast period 2020-2026. Bitumen is primarily used in road construction and other repairs of asphalt pavements, due to its high water resistance, durability and low cost. Its excellent adhesive properties also make it ideal for roofing insulation products. The increasing number of government initiatives across the nation towards infrastructure development will further drive the demand for bitumen in Thailand over the coming years. Furthermore, rapid urbanization has boosted construction activities within the country which have been positively impacting the growth of this industry as well.

Market Drivers

The Thailand government has taken several initiatives such as introducing special economic zones (SEZs) that enable foreign investors to invest in industrial projects with tax benefits, aiding both domestic and international investments in various sectors including construction & infrastructure sector that ultimately fuels up demand for bitumen from this region. With expanding population and growing economy there is an increased focus on developing residential facilities leading to rise in investment on housing development projects which increases demand for all types of building materials including bitumen thereby driving its market growth here significantly. Growth in automobile industry along with rising disposable income are contributing towards significant expansion of roads network within Thailand resulting into higher need for asphalt paving thus indirectly stimulating usage of bitumen here significantly .

Challenges of the Market

Governments across many countries have implemented stringent environmental regulations regarding emission limits from vehicles using petroleum based fuel grades like bitumens which can impede their sale prospects negatively impacting overall sales revenue generated by them.Moreover these restrictions might even lead to closure or restriction on operations or production capacities at certain sites thereby hindering potential growth opportunities associated with such regions .Bitumens are produced through very complicated refining process, seeing their complex manufacturing procedure they are quite expensive when compared to alternatives available out there making them less attractive option among buyers looking forward economize costs while procuring raw material mainly used in pavement applications .

Covid-19 Impact on the Market

The Covid-19 pandemic has had a significant effect on the Thailand bitumen market. As transportation and construction activities were stopped or limited to prevent its spread, demand for bitumen reduced drastically. Furthermore, disruptions in the supply chain due to lockdowns further increased volatility in prices.

Key Players of the Market

However, as restrictions are slowly being lifted and economic activities resumed, there is some hope that bitumen demand will pick up soon. Currently India is one of Thailand key export markets for bitumen with major suppliers in this region including PTT Global Chemical PCL (PTTGC) and Bangchak Corporation PCL (BCP). Other noteworthy players are IRPC Public Company Limited (IRPC), Rayong Refinery Co., Ltd.(RRC) and Siam Bitume Company Limited (SBL).

Key Highlights of the Report:

  • Thailand Bitumen Market Outlook
  • Market Size of Thailand Bitumen Market, 2023
  • Forecast of Thailand Bitumen Market, 2030
  • Historical Data and Forecast of Thailand Bitumen Revenues & Volume for the Period 2020-2030
  • Thailand Bitumen Market Trend Evolution
  • Thailand Bitumen Market Drivers and Challenges
  • Thailand Bitumen Price Trends
  • Thailand Bitumen Porter's Five Forces
  • Thailand Bitumen Industry Life Cycle
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Product Type for the Period 2020-2030
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Paving Grade for the Period 2020-2030
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Hard Grade for the Period 2020-2030
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Oxidized Grade for the Period 2020-2030
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Bitumen Emulsions for the Period 2020-2030
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Polymer Modified Bitumen for the Period 2020-2030
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Other for the Period 2020-2030
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Road Construction for the Period 2020-2030
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Waterproofing for the Period 2020-2030
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Adhesives for the Period 2020-2030
  • Historical Data and Forecast of Thailand Bitumen Market Revenues & Volume By Other for the Period 2020-2030
  • Thailand Bitumen Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Application
  • Thailand Bitumen Top Companies Market Share
  • Thailand Bitumen Competitive Benchmarking By Technical and Operational Parameters
  • Thailand Bitumen Company Profiles
  • Thailand Bitumen Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 Bitumen Market Overview

3.1 Thailand Country Macro Economic Indicators

3.2 Thailand Bitumen Market Revenues & Volume, 2020 & 2030F

3.3 Thailand Bitumen Market - Industry Life Cycle

3.4 Thailand Bitumen Market - Porter's Five Forces

3.5 Thailand Bitumen Market Revenues & Volume Share, By Product Type, 2020 & 2030F

3.6 Thailand Bitumen Market Revenues & Volume Share, By Application, 2020 & 2030F

4 Thailand Bitumen Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Thailand Bitumen Market Trends

6 Thailand Bitumen Market, By Types

6.1 Thailand Bitumen Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Thailand Bitumen Market Revenues & Volume, By Product Type, 2020-2030F

6.1.3 Thailand Bitumen Market Revenues & Volume, By Paving Grade, 2020-2030F

6.1.4 Thailand Bitumen Market Revenues & Volume, By Hard Grade, 2020-2030F

6.1.5 Thailand Bitumen Market Revenues & Volume, By Oxidized Grade, 2020-2030F

6.1.6 Thailand Bitumen Market Revenues & Volume, By Bitumen Emulsions, 2020-2030F

6.1.7 Thailand Bitumen Market Revenues & Volume, By Polymer Modified Bitumen, 2020-2030F

6.1.8 Thailand Bitumen Market Revenues & Volume, By Other, 2020-2030F

6.2 Thailand Bitumen Market, By Application

6.2.1 Overview and Analysis

6.2.2 Thailand Bitumen Market Revenues & Volume, By Road Construction, 2020-2030F

6.2.3 Thailand Bitumen Market Revenues & Volume, By Waterproofing, 2020-2030F

6.2.4 Thailand Bitumen Market Revenues & Volume, By Adhesives, 2020-2030F

6.2.5 Thailand Bitumen Market Revenues & Volume, By Other, 2020-2030F

7 Thailand Bitumen Market Import-Export Trade Statistics

7.1 Thailand Bitumen Market Export to Major Countries

7.2 Thailand Bitumen Market Imports from Major Countries

8 Thailand Bitumen Market Key Performance Indicators

9 Thailand Bitumen Market - Opportunity Assessment

9.1 Thailand Bitumen Market Opportunity Assessment, By Product Type, 2020 & 2030F

9.2 Thailand Bitumen Market Opportunity Assessment, By Application, 2020 & 2030F

10 Thailand Bitumen Market - Competitive Landscape

10.1 Thailand Bitumen Market Revenue Share, By Companies, 2023

10.2 Thailand Bitumen Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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