| Product Code: ETC354445 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Thailand glass fiber market, the import trend experienced a decline from 2023 to 2024, with a growth rate of -2.27%. The compound annual growth rate (CAGR) for imports over the period 2020-2024 stood at -9.53%. This downward trajectory could be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.
The Thailand glass fiber market has been on a growth trajectory, driven by the construction, automotive, and aerospace industries. Glass fiber is a versatile material known for its strength, durability, and lightweight properties. In Thailand, the expansion of infrastructure and the automotive manufacturing sector have increased the demand for glass fiber-reinforced composites in applications like vehicle components, wind turbine blades, and structural elements in construction. Additionally, the growing awareness of sustainability has encouraged the use of glass fibers as a replacement for traditional materials, such as steel and aluminum.
The Thailand glass fiber market is witnessing robust growth, driven primarily by the automotive and construction sectors. In the automotive industry, lightweight and durable materials are in high demand to improve fuel efficiency and vehicle performance. Glass fibers, known for their strength and versatility, are favored in this context. In construction, the need for resilient and corrosion-resistant materials has led to increased use of glass fibers in reinforcing concrete and composite structures. Additionally, the government`s infrastructure development initiatives have further fueled demand for glass fiber-reinforced products.
The glass fiber market in Thailand grapples with competition from alternative materials and fluctuating raw material prices. Continuous research and development are necessary to enhance the performance and cost-effectiveness of glass fiber products. Ensuring a consistent supply of quality raw materials and managing environmental concerns are also critical challenges. Furthermore, penetrating new application areas and industries demands proactive marketing strategies.
The Thailand glass fiber market faced supply chain disruptions and reduced industrial production during the pandemic. The automotive and aerospace sectors, which are major consumers of glass fiber, experienced setbacks. Nevertheless, the market saw a resurgence in demand as industries adapted to the "new normal." Glass fiber`s lightweight and durable properties made it essential in various applications, including personal protective equipment and wind turbine blades.
Within the Thailand glass fiber market, leading players have been instrumental in providing glass fiber products for a range of applications. Companies like Thai Fiberglass Insulation Co., Ltd., and Chomarat Textile Industries (Thailand) Ltd., are recognized leaders in this sector. Their expertise in glass fiber manufacturing and their diverse product offerings have solidified their positions as key contributors to industries such as construction, automotive, and aerospace.
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 Glass Fiber Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Glass Fiber Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Glass Fiber Market - Industry Life Cycle |
3.4 Thailand Glass Fiber Market - Porter's Five Forces |
3.5 Thailand Glass Fiber Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Thailand Glass Fiber Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Thailand Glass Fiber Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Thailand Glass Fiber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-strength materials in industries such as automotive and construction |
4.2.2 Growing awareness about the benefits of glass fiber composites in terms of durability and corrosion resistance |
4.2.3 Government initiatives promoting the use of glass fiber materials in infrastructure development projects |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of glass fiber |
4.3.2 Competition from alternative materials such as carbon fiber and aramid fiber |
4.3.3 Environmental concerns related to the disposal and recycling of glass fiber products |
5 Thailand Glass Fiber Market Trends |
6 Thailand Glass Fiber Market, By Types |
6.1 Thailand Glass Fiber Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Glass Fiber Market Revenues & Volume, By Resin Type, 2021-2031F |
6.1.3 Thailand Glass Fiber Market Revenues & Volume, By Chopped Strands, 2021-2031F |
6.1.4 Thailand Glass Fiber Market Revenues & Volume, By Glass Wool, 2021-2031F |
6.1.5 Thailand Glass Fiber Market Revenues & Volume, By Roving, 2021-2031F |
6.1.6 Thailand Glass Fiber Market Revenues & Volume, By Yarn, 2021-2031F |
6.2 Thailand Glass Fiber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Glass Fiber Market Revenues & Volume, By Composites, 2021-2031F |
6.2.3 Thailand Glass Fiber Market Revenues & Volume, By Insulation, 2021-2031F |
6.3 Thailand Glass Fiber Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Thailand Glass Fiber Market Revenues & Volume, By Buildings and Construction, 2021-2031F |
6.3.3 Thailand Glass Fiber Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.4 Thailand Glass Fiber Market Revenues & Volume, By Aerospace and Defense, 2021-2031F |
6.3.5 Thailand Glass Fiber Market Revenues & Volume, By Alternative Energy, 2021-2031F |
6.3.6 Thailand Glass Fiber Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.3.7 Thailand Glass Fiber Market Revenues & Volume, By Industrial, 2021-2031F |
7 Thailand Glass Fiber Market Import-Export Trade Statistics |
7.1 Thailand Glass Fiber Market Export to Major Countries |
7.2 Thailand Glass Fiber Market Imports from Major Countries |
8 Thailand Glass Fiber Market Key Performance Indicators |
8.1 Research and development investment in new glass fiber technologies |
8.2 Adoption rate of glass fiber composites in key industries |
8.3 Number of infrastructure projects utilizing glass fiber materials |
8.4 Environmental impact assessment and sustainability practices in the glass fiber industry |
9 Thailand Glass Fiber Market - Opportunity Assessment |
9.1 Thailand Glass Fiber Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Thailand Glass Fiber Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Thailand Glass Fiber Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Thailand Glass Fiber Market - Competitive Landscape |
10.1 Thailand Glass Fiber Market Revenue Share, By Companies, 2024 |
10.2 Thailand Glass Fiber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |