Product Code: ETC4498586 | 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 | |
The Thailand Composites Market is witnessing growth across various sectors, including aerospace, automotive, construction, and marine. Composite materials offer a combination of strength, durability, and lightweight properties. As industries seek to enhance performance and reduce environmental impact, composites have become integral, leading to advancements and innovations in this market.
The Composites market in Thailand is witnessing significant growth, driven by the increasing demand for lightweight and high-performance materials in industries such as aerospace, automotive, and construction. Composites, formed by combining different materials to create a synergistic effect, are gaining prominence for their versatility and strength. The growth of manufacturing sectors, the rising trend of replacing traditional materials with composites, and the need for efficient and durable solutions in Thailand are contributing to the adoption of composites. Moreover, the focus on sustainability and the advancements in composite manufacturing technologies are further fueling the positive trajectory of the composites market.
Challenges in the composites market include the need for recycling solutions, standardization in manufacturing processes, and competition from traditional materials. Market players must navigate evolving regulations and educate industries about the long-term benefits of composite materials.
The Thailand Composites market encountered disruptions during the COVID-19 pandemic, with challenges in automotive, aerospace, and construction projects. The market is recovering as these industries resume normal activities, and there is an increased demand for lightweight and durable composite materials. Manufacturers are focusing on providing composites for applications in vehicle components, building structures, and consumer goods in the post-pandemic landscape.
The Thailand Composites Market is influenced by key players such as Hexcel Corporation, Owens Corning, Toray Industries, Inc., and Teijin Limited. These companies are instrumental in shaping the composites market in Thailand with their technological advancements and product innovations.
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 Composites Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Composites Market - Industry Life Cycle |
3.4 Thailand Composites Market - Porter's Five Forces |
3.5 Thailand Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.6 Thailand Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Thailand Composites Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
3.8 Thailand Composites Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Thailand Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight and high-strength materials in various industries such as automotive, construction, and aerospace. |
4.2.2 Increasing government investments in infrastructure projects that require composites for their durability and corrosion resistance. |
4.2.3 Rising awareness about the environmental benefits of composites, leading to a shift towards sustainable materials. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up manufacturing facilities for composites. |
4.3.2 Challenges in recycling composites, leading to environmental concerns and potential regulatory hurdles. |
4.3.3 Competition from traditional materials like steel and aluminum that are well-established in the market. |
5 Thailand Composites Market Trends |
6 Thailand Composites Market, By Types |
6.1 Thailand Composites Market, By Fiber Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Composites Market Revenues & Volume, By Fiber Type, 2021-2031F |
6.1.3 Thailand Composites Market Revenues & Volume, By Glass Fiber Composites, 2021-2031F |
6.1.4 Thailand Composites Market Revenues & Volume, By Carbon Fiber Composites, 2021-2031F |
6.1.5 Thailand Composites Market Revenues & Volume, By Natural Fiber Composites, 2021-2031F |
6.2 Thailand Composites Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Composites Market Revenues & Volume, By Thermoset Composites, 2021-2031F |
6.2.3 Thailand Composites Market Revenues & Volume, By Thermoplastic Composites, 2021-2031F |
6.3 Thailand Composites Market, By End-use Industry |
6.3.1 Overview and Analysis |
6.3.2 Thailand Composites Market Revenues & Volume, By Aerospace & defense, 2021-2031F |
6.3.3 Thailand Composites Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.3.4 Thailand Composites Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.3.5 Thailand Composites Market Revenues & Volume, By Construction & Infrastructure, 2021-2031F |
6.3.6 Thailand Composites Market Revenues & Volume, By Marine, 2021-2031F |
6.3.7 Thailand Composites Market Revenues & Volume, By Pipe & Tank, 2021-2031F |
6.3.8 Thailand Composites Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Thailand Composites Market Revenues & Volume, By Others, 2021-2031F |
6.4 Thailand Composites Market, By Manufacturing Process |
6.4.1 Overview and Analysis |
6.4.2 Thailand Composites Market Revenues & Volume, By Lay-up, 2021-2031F |
6.4.3 Thailand Composites Market Revenues & Volume, By Filament Winding, 2021-2031F |
6.4.4 Thailand Composites Market Revenues & Volume, By Injection Molding, 2021-2031F |
6.4.5 Thailand Composites Market Revenues & Volume, By Pultrusion, 2021-2031F |
6.4.6 Thailand Composites Market Revenues & Volume, By Compression Molding, 2021-2031F |
6.4.7 Thailand Composites Market Revenues & Volume, By RTM, 2021-2031F |
7 Thailand Composites Market Import-Export Trade Statistics |
7.1 Thailand Composites Market Export to Major Countries |
7.2 Thailand Composites Market Imports from Major Countries |
8 Thailand Composites Market Key Performance Indicators |
8.1 Percentage increase in the adoption of composites in key industries over time. |
8.2 Research and development expenditure dedicated to enhancing composite materials and manufacturing processes. |
8.3 Number of patents filed for innovative composite technologies. |
8.4 Growth in the number of partnerships and collaborations between companies in the composites industry and research institutions. |
9 Thailand Composites Market - Opportunity Assessment |
9.1 Thailand Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.2 Thailand Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 Thailand Composites Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
9.4 Thailand Composites Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Thailand Composites Market - Competitive Landscape |
10.1 Thailand Composites Market Revenue Share, By Companies, 2024 |
10.2 Thailand Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |