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

Name: Thailand Modified Bitumen Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Modified Bitumen Market, Thailand Modified Bitumen Market, Thailand Modified Bitumen Market Revenues, Thailand Modified Bitumen Market Share, Thailand Modified Bitumen Market Size, Thailand Modified Bitumen Market Outlook, Thailand Modified Bitumen Market Report, Thailand Modified Bitumen Market Competition, Thailand Modified Bitumen Market Overview, Thailand Modified Bitumen Market Trends, Thailand Modified Bitumen Market Forecast

Market Forecast By Modifier Type (SBS, APP, Crumb Rubber, Natural Rubber), By Application Method (Hot Asphalt, Cold Asphalt, Torch-Applied), By End Use Industry (Road Construction, Building Construction) And Competitive Landscape

Product Code: ETC4511186	Publication Date: Jul 2023	Updated Date: Feb 2026	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 85	No. of Figures: 45	No. of Tables: 25

Thailand Modified Bitumen Market: Import Trend Analysis

In the Thailand modified bitumen market, the import trend exhibited a notable growth rate from 2023 to 2024 at 19.51%, with a compound annual growth rate (CAGR) of 22.85% for the period of 2020 to 2024. This surge in imports can be attributed to the increasing infrastructure projects across Thailand, driving up demand for modified bitumen in the market.

Thailand Modified Bitumen Market: Import Trend Analysis

Thailand Modified Bitumen Market Synopsis

The Thailand Modified Bitumen market is essential for the construction and infrastructure industries. Modified bitumen is used in roofing and road construction to enhance durability and performance, making it a crucial material for these sectors.

Drivers of the Market

The Thailand Modified Bitumen market is experiencing significant growth, propelled by the construction and infrastructure development activities in the country. Modified bitumen, a mixture of bitumen and polymer additives, is used for waterproofing and enhancing the durability of roofing and pavement systems. As Thailand invests in infrastructure projects and there is a focus on sustainable and long-lasting construction materials, the demand for modified bitumen is increasing. The market growth is further propelled by advancements in bitumen modification technologies, the adoption of environmentally friendly additives, and efforts to improve the resilience of roofing and road surfaces.

Challenges of the Market

In the Thailand Modified Bitumen market, challenges arise from the volatility in crude oil prices, a key raw material for bitumen production. Fluctuations in oil prices can impact the overall cost structure, affecting the competitiveness of modified bitumen in the market. Furthermore, the industry faces challenges in promoting the benefits of modified bitumen, such as enhanced durability and resistance, to key stakeholders in the construction sector.

COVID-19 Impact on the Market

The Thailand Modified Bitumen market showcased resilience during the COVID-19 pandemic, with applications in road construction, roofing, and waterproofing. Modified bitumen, enhanced with polymers for improved performance, experienced sustained demand for use in infrastructure projects and building materials. Post-pandemic, the market is growing as construction and infrastructure development activities resume, with increased demand for modified bitumen that offers durability and weather resistance. The Thailand Modified Bitumen market remains pivotal in providing solutions for industries requiring high-performance bituminous materials.

Key Players in the Market

In the Thailand Modified Bitumen market, major players such as BituTech Solutions and Modiflex Industries are contributing to market growth. The market is witnessing increased adoption of modified bitumen in the construction and infrastructure sectors. These companies are focused on developing modified bitumen formulations that offer improved durability, flexibility, and resistance to environmental factors, addressing the challenges of diverse construction applications.

Key Highlights of the Report:

Thailand Modified Bitumen Market Outlook
Market Size of Thailand Modified Bitumen Market, 2024
Forecast of Thailand Modified Bitumen Market, 2031
Historical Data and Forecast of Thailand Modified Bitumen Revenues & Volume for the Period 2021-2031
Thailand Modified Bitumen Market Trend Evolution
Thailand Modified Bitumen Market Drivers and Challenges
Thailand Modified Bitumen Price Trends
Thailand Modified Bitumen Porter's Five Forces
Thailand Modified Bitumen Industry Life Cycle
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By Modifier Type for the Period 2021-2031
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By SBS for the Period 2021-2031
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By APP for the Period 2021-2031
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By Crumb Rubber for the Period 2021-2031
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By Natural Rubber for the Period 2021-2031
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By Application Method for the Period 2021-2031
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By Hot Asphalt for the Period 2021-2031
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By Cold Asphalt for the Period 2021-2031
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By Torch-Applied for the Period 2021-2031
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By End Use Industry for the Period 2021-2031
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By Road Construction for the Period 2021-2031
Historical Data and Forecast of Thailand Modified Bitumen Market Revenues & Volume By Building Construction for the Period 2021-2031
Thailand Modified Bitumen Import Export Trade Statistics
Market Opportunity Assessment By Modifier Type
Market Opportunity Assessment By Application Method
Market Opportunity Assessment By End Use Industry
Thailand Modified Bitumen Top Companies Market Share
Thailand Modified Bitumen Competitive Benchmarking By Technical and Operational Parameters
Thailand Modified Bitumen Company Profiles
Thailand Modified Bitumen Key Strategic Recommendations

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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 Modified Bitumen Market Overview

3.1 Thailand Country Macro Economic Indicators

3.2 Thailand Modified Bitumen Market Revenues & Volume, 2021 & 2031F

3.3 Thailand Modified Bitumen Market - Industry Life Cycle

3.4 Thailand Modified Bitumen Market - Porter's Five Forces

3.5 Thailand Modified Bitumen Market Revenues & Volume Share, By Modifier Type, 2021 & 2031F

3.6 Thailand Modified Bitumen Market Revenues & Volume Share, By Application Method, 2021 & 2031F

3.7 Thailand Modified Bitumen Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F

4 Thailand Modified Bitumen Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing government investments in infrastructure projects

4.2.2 Growing demand for modified bitumen in road construction and maintenance

4.2.3 Technological advancements leading to improved product performance and durability

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials such as bitumen and polymers

4.3.2 Environmental concerns associated with the production and use of modified bitumen

5 Thailand Modified Bitumen Market Trends

6 Thailand Modified Bitumen Market, By Types

6.1 Thailand Modified Bitumen Market, By Modifier Type

6.1.1 Overview and Analysis

6.1.2 Thailand Modified Bitumen Market Revenues & Volume, By Modifier Type, 2021-2031F

6.1.3 Thailand Modified Bitumen Market Revenues & Volume, By SBS, 2021-2031F

6.1.4 Thailand Modified Bitumen Market Revenues & Volume, By APP, 2021-2031F

6.1.5 Thailand Modified Bitumen Market Revenues & Volume, By Crumb Rubber, 2021-2031F

6.1.6 Thailand Modified Bitumen Market Revenues & Volume, By Natural Rubber, 2021-2031F

6.2 Thailand Modified Bitumen Market, By Application Method

6.2.1 Overview and Analysis

6.2.2 Thailand Modified Bitumen Market Revenues & Volume, By Hot Asphalt, 2021-2031F

6.2.3 Thailand Modified Bitumen Market Revenues & Volume, By Cold Asphalt, 2021-2031F

6.2.4 Thailand Modified Bitumen Market Revenues & Volume, By Torch-Applied, 2021-2031F

6.3 Thailand Modified Bitumen Market, By End Use Industry

6.3.1 Overview and Analysis

6.3.2 Thailand Modified Bitumen Market Revenues & Volume, By Road Construction, 2021-2031F

6.3.3 Thailand Modified Bitumen Market Revenues & Volume, By Building Construction, 2021-2031F

7 Thailand Modified Bitumen Market Import-Export Trade Statistics

7.1 Thailand Modified Bitumen Market Export to Major Countries

7.2 Thailand Modified Bitumen Market Imports from Major Countries

8 Thailand Modified Bitumen Market Key Performance Indicators

8.1 Adoption rate of modified bitumen in new road construction projects

8.2 Percentage of road maintenance projects utilizing modified bitumen

8.3 Research and development investment in innovative modified bitumen technologies

9 Thailand Modified Bitumen Market - Opportunity Assessment

9.1 Thailand Modified Bitumen Market Opportunity Assessment, By Modifier Type, 2021 & 2031F

9.2 Thailand Modified Bitumen Market Opportunity Assessment, By Application Method, 2021 & 2031F

9.3 Thailand Modified Bitumen Market Opportunity Assessment, By End Use Industry, 2021 & 2031F

10 Thailand Modified Bitumen Market - Competitive Landscape

10.1 Thailand Modified Bitumen Market Revenue Share, By Companies, 2024

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

11 Company Profiles

12 Recommendations

13 Disclaimer

Africa Modified Bitumen Market

Asia Pacific Modified Bitumen Market

Europe Modified Bitumen Market

Global Modified Bitumen Market

Malawi Modified Bitumen Market

Maldives Modified Bitumen Market

Mali Modified Bitumen Market

Malta Modified Bitumen Market

Marshall Islands Modified Bitumen Market

Middle East Modified Bitumen Market

North America Modified Bitumen Market

Export potential assessment - trade Analytics for 2030

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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