Product Code: ETC343045 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Thailand Production Chemicals Market is projected to witness mixed growth rate patterns during 2025 to 2029. Commencing at 1.58% in 2025, growth builds up to 4.31% by 2029.
By 2027, Thailand's Production Chemicals market is forecasted to achieve a stable growth rate of 1.80%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The production chemicals market in Thailand serves as a critical support system for various industries, including manufacturing, agriculture, and chemicals. These chemicals encompass a wide range of products, such as solvents, acids, bases, and specialty chemicals, which are essential for production processes and product formulations. Thailand industrial growth and its role as a global manufacturing hub have significantly contributed to the demand for production chemicals. The market is characterized by both domestic production and imports, with several multinational chemical companies operating in Thailand. As industries continue to evolve and advance technologically, the production chemicals market is expected to adapt and expand to meet the changing needs of various sectors.
The Thailand production chemicals market is witnessing robust growth due to its close association with the country`s manufacturing and industrial sectors. These chemicals play a critical role in various industrial processes, such as oil and gas production, chemicals manufacturing, and food processing. The expanding industrial base in Thailand, coupled with the need for high-quality chemicals to meet international standards, is driving market growth. Moreover, increasing investments in research and development to develop specialized production chemicals are opening up new opportunities in niche markets. As industrial activities in Thailand continue to diversify and expand, the production chemicals market is expected to grow further.
The Thailand production chemicals market faces challenges related to its dependence on industrial sectors. Economic downturns can lead to reduced demand for production chemicals, impacting the industry`s stability. Ensuring the safety and environmental compliance of production chemicals is crucial but can be costly and complex. Competition from imported chemicals and the need for continuous product innovation are ongoing challenges. Additionally, fluctuations in the prices of raw materials used in chemical production can affect pricing and profitability.
The Thailand production chemicals market experienced fluctuations in demand, primarily driven by changes in manufacturing activities during the pandemic. Industries such as chemicals, pharmaceuticals, and electronics continued to require production chemicals, while others, like automotive, faced disruptions. Market players focused on optimizing their product offerings and ensuring a stable supply chain to navigate the uncertainties brought about by COVID-19.
Leading players in the Thailand production chemicals market include PTT Global Chemical (PTTGC), Thai Oil Group, and IRPC Public Company Limited. These companies supply a variety of chemicals used in industrial processes and manufacturing.
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 Production Chemicals Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Production Chemicals Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Production Chemicals Market - Industry Life Cycle |
3.4 Thailand Production Chemicals Market - Porter's Five Forces |
3.5 Thailand Production Chemicals Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Production Chemicals Market Revenues & Volume Share, By Oilfield Type, 2021 & 2031F |
3.7 Thailand Production Chemicals Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Production Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for chemicals in various industries such as petrochemicals, automotive, and electronics |
4.2.2 Growing focus on sustainable production practices leading to the adoption of eco-friendly chemicals |
4.2.3 Government initiatives and investments in infrastructure development and industrial growth |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting production costs |
4.3.2 Stringent regulations on the use and disposal of chemicals affecting market operations |
4.3.3 Competition from imported chemicals affecting local production companies |
5 Thailand Production Chemicals Market Trends |
6 Thailand Production Chemicals Market, By Types |
6.1 Thailand Production Chemicals Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Production Chemicals Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Production Chemicals Market Revenues & Volume, By Demulsifiers, 2021-2031F |
6.1.4 Thailand Production Chemicals Market Revenues & Volume, By Scale Inhibitors, 2021-2031F |
6.1.5 Thailand Production Chemicals Market Revenues & Volume, By Corrosion Inhibitors, 2021-2031F |
6.1.6 Thailand Production Chemicals Market Revenues & Volume, By Asphaltene Inhibitors, 2021-2031F |
6.1.7 Thailand Production Chemicals Market Revenues & Volume, By Biocides, 2021-2031F |
6.1.8 Thailand Production Chemicals Market Revenues & Volume, By Scavengers, 2021-2031F |
6.1.9 Thailand Production Chemicals Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Thailand Production Chemicals Market Revenues & Volume, By Others, 2021-2031F |
6.2 Thailand Production Chemicals Market, By Oilfield Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Production Chemicals Market Revenues & Volume, By Onshore, 2021-2031F |
6.2.3 Thailand Production Chemicals Market Revenues & Volume, By Offshore, 2021-2031F |
6.3 Thailand Production Chemicals Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Thailand Production Chemicals Market Revenues & Volume, By Cementing, 2021-2031F |
6.3.3 Thailand Production Chemicals Market Revenues & Volume, By Production Chemicals, 2021-2031F |
6.3.4 Thailand Production Chemicals Market Revenues & Volume, By Drilling Fluids, 2021-2031F |
6.3.5 Thailand Production Chemicals Market Revenues & Volume, By Improved Oil Recovery, 2021-2031F |
6.3.6 Thailand Production Chemicals Market Revenues & Volume, By Well Stimulation, 2021-2031F |
6.3.7 Thailand Production Chemicals Market Revenues & Volume, By Work Over and Achievements, 2021-2031F |
7 Thailand Production Chemicals Market Import-Export Trade Statistics |
7.1 Thailand Production Chemicals Market Export to Major Countries |
7.2 Thailand Production Chemicals Market Imports from Major Countries |
8 Thailand Production Chemicals Market Key Performance Indicators |
8.1 Rate of adoption of eco-friendly chemicals by production companies in Thailand |
8.2 Investment in research and development for new chemical products and processes |
8.3 Percentage of government contracts awarded to local production chemical companies |
8.4 Number of new product launches in the Thailand production chemicals market |
8.5 Adoption rate of digital technologies for production process optimization and efficiency |
9 Thailand Production Chemicals Market - Opportunity Assessment |
9.1 Thailand Production Chemicals Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Production Chemicals Market Opportunity Assessment, By Oilfield Type, 2021 & 2031F |
9.3 Thailand Production Chemicals Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Production Chemicals Market - Competitive Landscape |
10.1 Thailand Production Chemicals Market Revenue Share, By Companies, 2024 |
10.2 Thailand Production Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |