| Product Code: ETC327025 | 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 gum and wood chemicals market, the import trend experienced a decline with a growth rate of -8.58% from 2023 to 2024, while the compound annual growth rate (CAGR) for 2020-2024 stood at 2.13%. This dip in import momentum could be attributed to shifts in demand or changes in trade policies impacting market stability.
The Thailand Gum and Wood Chemicals Market pertains to the chemical products obtained from gum and wood sources. These chemicals find use in various industries such as adhesives, food and beverages, and pharmaceuticals. The market`s growth is associated with the increasing utilization of natural and sustainable ingredients in various manufacturing processes.
The Thailand Gum and Wood Chemicals Market are expanding due to various driving factors. The forestry industry plays a significant role in the country`s economy, and gum and wood chemicals are essential components of this sector. The demand for these chemicals stems from their diverse applications, including in adhesives, tannins for leather production, and resin extraction. Additionally, there is an increasing focus on sustainable forestry practices, which includes responsible harvesting and processing of gum and wood chemicals, thus driving market growth. Furthermore, the construction and automotive industries` growth in Thailand has led to increased demand for adhesives and coatings, further boosting the market for gum and wood chemicals.
The Thailand Gum And Wood Chemicals Market face challenges associated with sustainability, supply chain management, and market demand. Sustainable sourcing of gum and wood chemicals is crucial to protect natural resources. Market participants must also manage complex supply chains to ensure consistent quality and availability. Furthermore, fluctuations in market demand, driven by various industries such as adhesives, pharmaceuticals, and food, require flexibility and adaptability from producers to meet diverse customer needs.
The gum and wood chemicals market in Thailand, serving various industries including textiles, adhesives, and construction, encountered disruptions during the COVID-19 pandemic. Supply chain interruptions and logistical challenges affected the availability of raw materials and hindered production. Reduced economic activity also led to fluctuations in demand for products containing gum and wood chemicals. However, as industries adapted to new safety protocols and resumed operations, the market gradually recovered. Manufacturers explored alternative supply chain options and focused on optimizing production to mitigate future disruptions.
In the Thailand Gum and Wood Chemicals market, top players such as Thai Chemical Group, Siam Resin, and Thai Adhesive Chemicals dominate the landscape. These companies are renowned for their extensive product portfolios, which include a wide range of gum and wood chemicals used in various industries. Their dedication to research and development, coupled with stringent quality control measures, has positioned them as leaders in providing innovative solutions to meet market demands.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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