Product Code: ETC345685 | 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 Saturated Polyester Resin Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 2.97% in 2025 and reaches 12.40% by 2029.
The Saturated Polyester Resin market in Thailand is projected to grow at a stable growth rate of 4.78% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The Thailand saturated polyester resin market is integral to the country`s thriving manufacturing and construction sectors. Saturated polyester resins are widely used in coatings, adhesives, and composites due to their excellent chemical resistance and durability. The market benefits from the continuous development of industries like automotive, electronics, and furniture manufacturing. Demand for eco-friendly and low-VOC (volatile organic compounds) resins is increasing, in line with global sustainability trends. Manufacturers in Thailand are investing in research and development to produce high-performance, environmentally friendly saturated polyester resins, positioning the market for future growth.
The Thailand saturated polyester resin market has experienced robust growth in recent years, primarily driven by the expanding construction and automotive sectors. In the construction industry, the demand for saturated polyester resin has surged due to its excellent properties, including high resistance to UV radiation, chemicals, and weathering. The increasing government investments in infrastructure development projects have also played a pivotal role in fueling the market. Additionally, the automotive sector`s growth has driven the need for high-quality coatings, adhesives, and composites, further boosting the demand for saturated polyester resin.
Challenges in the Thailand saturated polyester resin market include price volatility of raw materials, such as petrochemicals, which can impact production costs and pricing. Adherence to stringent quality standards and certifications is essential to cater to global markets. Additionally, competition from alternative resin technologies and the need to continually innovate in terms of product performance and applications pose ongoing challenges.
The COVID-19 pandemic had a mixed impact on the Thailand saturated polyester resin market. While there was increased demand for saturated polyester resin in applications like coatings and adhesives, some segments, such as automotive and construction, experienced disruptions. Manufacturers had to adapt by optimizing their production processes and exploring new applications for saturated polyester resin, such as medical equipment. The pandemic underscored the importance of diversification and flexibility in the Thailand saturated polyester resin market.
The Thailand saturated polyester resin market features companies like Indorama Ventures Public Company Limited and Pan-Asia Chemical Co., Ltd. These firms are known for their production of high-quality saturated polyester resins used in coatings, adhesives, and composites.
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 Saturated Polyester Resin Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Saturated Polyester Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Saturated Polyester Resin Market - Industry Life Cycle |
3.4 Thailand Saturated Polyester Resin Market - Porter's Five Forces |
3.5 Thailand Saturated Polyester Resin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Saturated Polyester Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Saturated Polyester Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable products in various industries |
4.2.2 Growth in construction and automotive sectors driving demand for saturated polyester resin |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting production costs |
4.3.2 Competition from alternative resins like epoxy and polyurethane |
5 Thailand Saturated Polyester Resin Market Trends |
6 Thailand Saturated Polyester Resin Market, By Types |
6.1 Thailand Saturated Polyester Resin Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Saturated Polyester Resin Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Saturated Polyester Resin Market Revenues & Volume, By Liquid, 2021-2031F |
6.1.4 Thailand Saturated Polyester Resin Market Revenues & Volume, By Solid, 2021-2031F |
6.2 Thailand Saturated Polyester Resin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Saturated Polyester Resin Market Revenues & Volume, By Powder Coatings, 2021-2031F |
6.2.3 Thailand Saturated Polyester Resin Market Revenues & Volume, By Industrial Paints, 2021-2031F |
6.2.4 Thailand Saturated Polyester Resin Market Revenues & Volume, By Coil & Can Coatings, 2021-2031F |
6.2.5 Thailand Saturated Polyester Resin Market Revenues & Volume, By Automotive Paints, 2021-2031F |
6.2.6 Thailand Saturated Polyester Resin Market Revenues & Volume, By Flexible Packaging, 2021-2031F |
6.2.7 Thailand Saturated Polyester Resin Market Revenues & Volume, By 2k PU Coatings, 2021-2031F |
7 Thailand Saturated Polyester Resin Market Import-Export Trade Statistics |
7.1 Thailand Saturated Polyester Resin Market Export to Major Countries |
7.2 Thailand Saturated Polyester Resin Market Imports from Major Countries |
8 Thailand Saturated Polyester Resin Market Key Performance Indicators |
8.1 Average selling price of saturated polyester resin |
8.2 Percentage of market share held by local manufacturers |
8.3 Number of new product developments in the saturated polyester resin market |
9 Thailand Saturated Polyester Resin Market - Opportunity Assessment |
9.1 Thailand Saturated Polyester Resin Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Saturated Polyester Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Saturated Polyester Resin Market - Competitive Landscape |
10.1 Thailand Saturated Polyester Resin Market Revenue Share, By Companies, 2024 |
10.2 Thailand Saturated Polyester Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |