Thailand Glass Reinforced Plastic Market (2025-2031) Outlook | Forecast, Revenue, Companies, Analysis, Value, Size, Trends, Industry, Share & Growth

Thailand Glass Reinforced Plastic Market Synopsis

The Thailand glass-reinforced plastic (GRP) market has experienced growth due to its versatility and durability. GRP finds applications in construction, automotive, and the marine industry. The market offers a range of GRP products, including panels, pipes, and tanks, catering to various industrial needs and emphasizing the material`s corrosion resistance and strength.

Drivers of the Market

The Thailand Glass Reinforced Plastic (GRP) Market is witnessing substantial growth due to several key factors. First, the construction and automotive sectors are significant consumers of GRP, using it for its lightweight, corrosion-resistant, and high-strength properties. As these industries expand, the demand for GRP materials increases. Second, the push for environmental sustainability has led to a shift from traditional materials to GRP, as it is recyclable and reduces the carbon footprint. Additionally, advancements in manufacturing technologies have made GRP more cost-effective and versatile, further driving market growth. Government regulations promoting the use of eco-friendly materials in construction and manufacturing have also played a pivotal role in boosting this market.

Challenges of the Market

The Thailand Glass Reinforced Plastic Market has growth potential but encounters challenges related to material preferences and market competition. While glass-reinforced plastic (GRP) offers durability and corrosion resistance, market demand may shift toward other composite materials with specific advantages. Manufacturers in this sector must adapt to changing customer preferences and technological advancements. Moreover, competition from imported GRP products can affect domestic manufacturers. To succeed, companies should innovate with new GRP applications and emphasize the unique benefits of GRP over alternative materials.

COVID-19 Impact on the Market

The Thailand glass reinforced plastic (GRP) market was adversely affected by the COVID-19 pandemic. GRP is commonly used in industries such as construction and automotive manufacturing, both of which experienced disruptions during lockdowns and economic uncertainty. Reduced construction activities and production led to decreased demand for GRP products. Businesses in this sector had to adapt to changing market dynamics and prioritize cost-effective solutions to recover from the initial setbacks.

Key Players in the Market

In the Thailand Glass Reinforced Plastic (GRP) market, key players include Fiberex Glass Corporation, Seacera Group Berhad, and Siam Cement Group (SCG). Fiberex Glass Corporation is a prominent manufacturer of GRP products, offering a wide range of solutions for construction, automotive, and industrial applications. Seacera Group Berhad, with its subsidiary Seacera Polymer Sdn Bhd, focuses on producing high-quality GRP products and composite materials. Siam Cement Group (SCG) has a strong presence in the GRP market through its subsidiary SCG Chemicals, which provides innovative GRP solutions for various industries. These leading players are known for their commitment to quality and innovation in the GRP sector.

Key Highlights of the Report:

• Thailand Glass Reinforced Plastic Market Outlook
• Market Size of Thailand Glass Reinforced Plastic Market, 2024
• Forecast of Thailand Glass Reinforced Plastic Market, 2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Revenues & Volume for the Period 2021-2031
• Thailand Glass Reinforced Plastic Market Trend Evolution
• Thailand Glass Reinforced Plastic Market Drivers and Challenges
• Thailand Glass Reinforced Plastic Price Trends
• Thailand Glass Reinforced Plastic Porter's Five Forces
• Thailand Glass Reinforced Plastic Industry Life Cycle
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Epoxy for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Polyester for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Vinyl Ester for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Polyurethane for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Method for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Moulding Method for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Pultrusion Method for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Layup for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Pipes and Tanks for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Wind Power Turbines for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Storage Containers for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Roofs for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Floor Gratings for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Steps and Stairs for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Switch Actuators for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By End-Use for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Building and Construction for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Transportation for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Electrical and Electronics for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Oil and Gas for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Mining for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Water and Wastewater for the Period 2021-2031
• Historical Data and Forecast of Thailand Glass Reinforced Plastic Market Revenues & Volume By Others for the Period 2021-2031
• Thailand Glass Reinforced Plastic Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Method
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By End-Use
• Thailand Glass Reinforced Plastic Top Companies Market Share
• Thailand Glass Reinforced Plastic Competitive Benchmarking By Technical and Operational Parameters
• Thailand Glass Reinforced Plastic Company Profiles
• Thailand Glass Reinforced Plastic Key Strategic Recommendations