Thailand Structural Adhesives Market (2024-2029)
The Thailand Structural Adhesives Market was valued at $8 Million in 2024 and projected to reach to $9.9 Million by 2029, representing a compound annual growth rate of 4.2%. Thailand's structural adhesives market is poised for steady growth driven by the country's robust manufacturing ecosystem and increasing industrialization.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
Thailand Structural Adhesives Market Trends and Insights
- This moderate growth trajectory reflects Argentina's developing industrial base and increasing adoption of advanced bonding solutions across manufacturing sectors.
- Argentina's market expansion is driven by rising demand from automotive, construction, and consumer goods industries seeking durable and cost-effective adhesive alternatives to traditional fastening methods. The structural adhesives sector in Argentina is characterized by steady demand from regional manufacturers and growing awareness of product performance benefits.
- Argentina's market growth is supported by infrastructure development initiatives and industrial modernization efforts that encourage the adoption of high-performance adhesive technologies.
- By 2029, Argentina is expected to consolidate its position as a key adhesive market within South America, with increasing penetration in aerospace, electronics, and industrial applications driving incremental volume and value expansion..
Key Market Statistics
- CAGR (2024-2029) 4.2% CAGR
- Market Size, 2024 ~USD 8 Million
- Forecast, 2029 ~USD 9.9 Million
- Country Thailand
Thailand Structural Adhesives Market Overview
Market Size & Growth :
Thailand's structural adhesives market was valued at USD 8.0 million in 2024 and is projected to reach USD 9.9 million by 2029, representing a CAGR of 4.2%, outpacing many regional peers in Southeast Asia.
Automotive & Manufacturing Expansion :
Thailand's thriving automotive manufacturing sector, including major OEM facilities and tier-1 suppliers, is driving significant demand for high-performance structural adhesives in vehicle assembly and component bonding applications.
Electronics & Appliance Sector Growth :
Rapid expansion in Thailand's electronics and home appliance manufacturing industries is creating new opportunities for structural adhesive adoption in consumer product assembly and durability enhancement.
Regional Supply Chain Hub :
Thailand's strategic position as a manufacturing and export hub in Southeast Asia is accelerating the adoption of advanced bonding technologies to meet international quality and performance standards.
Thailand Structural Adhesives Market Dynamics
- The automotive sector remains the primary growth engine, with expanding production capacities and rising exports fueling demand for reliable bonding solutions.
- Additionally, Thailand's growing electronics and appliance manufacturing industries are increasingly adopting structural adhesives to enhance product performance and meet stringent international quality requirements. Looking ahead, the market will benefit from rising labor costs encouraging automation and advanced manufacturing techniques that rely on structural adhesives.
- Government initiatives supporting industrial development and foreign direct investment will further strengthen market fundamentals.
- However, competition from alternative joining technologies and price sensitivity among manufacturers may moderate growth rates through 2029..
Related Ecosystem
Adhesives And Sealants
- Alkyd Resins
- Polyurethane Resin
- Epoxy Resin
- Polyester Resin
- Polyolefin
- 3M COMPANY
- Henkel ag and co. kgaa
- H.B. Fuller Company
- Sika ag
- DOW CHEMICAL COMPANY
Power Infrastructure
- Geographical Information System (GIS)
- Cogeneration
- Battery Electric Vehicle (BEV)
- Cellular Network
- Fuel Cell
- Siemens ag
- ABB India Limited
- SCHNEIDER ELECTRIC SE
- General Electric Company
- Eaton Corporation plc
Renewable Energy Material
- HVAC System
- Actuators
- Aramid Fiber
- Electrical Insulation
- Electrochemical BioSensor
- Basf se
- Evonik industries ag
- Borealis ag
- Wacker chemie ag
- Henkel ag and co. kgaa
Key Takeaways
- Argentina's structural adhesives market is valued at USD 8.0 million in 2024 and will reach USD 9.9 million by 2029.
- Argentina is experiencing a 4.2% CAGR, reflecting steady industrial growth and increased adoption of advanced bonding technologies.
- Argentina's automotive and construction sectors are primary growth drivers for structural adhesive demand.
- Argentina's market is positioned for consolidation within South America as industrial modernization accelerates through 2029.
Structural Adhesives Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2024 |
| Fastest Growing Segment | CYANOACRYLATE (Resin) |
| Forecast Period | 2024–2029 |
| Growth Rate | CAGR of 5.5% from 2024 to 2029 |
| Largest Segment | REACTIVE & OTHER TECHNOLOGIES (Technology) |
| Market Size Base Year (Billions) | ~USD 13.54 (2024) |
| Revenue Forecast (Billions) | ~USD 17.7 (2029) |
| Segments Covered | Substrate, Resin, Technology, Application |
Thailand Structural Adhesives Market Report Segmentation
4 segment dimensions are covered across the global market.
By Substrate
- Composites
- Metals
- Other Substrates
- Plastics
- Wood
By Resin
- Acrylic
- Cyanoacrylate
- Epoxy
- Methyl Methacrylate (Mma)
- Mma
- Other Resins
- Polyurethane (Pu)
- Pu
By Technology
- Reactive & Other Technologies
- Solvent-Based
- Water-Based
By Application
- Aerospace
- Automotive
- Building & Construction
- Bus & Truck
- Marine
- Other Applications
- Rail
- Wind Energy
Target Audience
- Adhesive Manufacturers & Suppliers : Chemical and adhesive producers need Thailand-specific market data to assess growth potential, identify customer segments, and develop localized product strategies for the Southeast Asian manufacturing hub.
- Automotive OEMs & Suppliers : Vehicle manufacturers and tier-1 suppliers operating in Thailand require insights into structural adhesive adoption trends and performance requirements to optimize assembly processes and supply chain decisions.
- Electronics & Appliance Manufacturers : Electronics and home appliance producers in Thailand need market intelligence to evaluate adhesive solutions that enhance product durability, meet export standards, and improve manufacturing efficiency.
- Distributors & Traders : Regional distributors and trading companies require Thailand market data to identify growth opportunities, understand customer demand patterns, and develop effective sales and inventory strategies.
- Investment & Consulting Firms : Private equity, venture capital, and management consulting firms need accurate Thailand market analysis to evaluate investment opportunities, support due diligence, and guide strategic recommendations for clients.
Key Companies in the Thailand Structural Adhesives Market
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| DUPONT | United States | Public Company | Healthcare & Water Technologies,Construction Materials (TYVEK, STYROFOAM, CORIAN),Engineered Industrial Components & Lubricants, |
| HENKEL AG & CO. KGAA | Germany | Public Company | Adhesive Technologies (packaging, consumer goods, mobility, electronics, craftsmen, construction, professional),Laundry & Home Care (heavy-duty detergents, specialty detergents, fabric care, dishwashing, surface cleaners),Hair & Body Care (hair styling, colorants, hair care, body care, salon channel), |
| SIKA AG | Switzerland | Public Company | Concrete, cement, and mortar admixtures/additives,Waterproofing systems (SikaProof and related),Flat roofing systems (Sika Sarnafil and accessories), |
| 3M | United States | Public Company | Safety and Industrial,Transportation and Electronics,Consumer, |
| HUNTSMAN CORPORATION | United States | Public Company | Polyurethanes,Performance Products (Amines & Carbonates),Advanced Materials (Epoxy & Thermosets), |
| ILLINOIS TOOL WORKS INC. | United States | Public Company | Automotive OEM,Food Equipment,Test & Measurement and Electronics, |
| H.B. FULLER COMPANY | United States | Public Company | Engineering PU adhesives (structural and automotive),Construction and panel bonding PU,Hygiene, packaging, and consumer-related PU, |
| WACKER CHEMIE AG | Germany | Public Company | Silicones,Polymers,Polysilicon, |
| MAPEI S.P.A. | Italy | Private Company | Ceramic, stone, and resilient flooring systems,Waterproofing, building envelope, and structural strengthening,Concrete admixtures and architectural paving systems, |
DUPONT
DUPONT is a publicly traded company headquartered in the United States, founded in 2015 with 15,000 employees. The company operates as a diversified materials science and specialty chemicals manufacturer.
HENKEL AG & CO. KGAA
HENKEL AG & CO. KGAA is a publicly traded German company established in 1876, employing 42,200 people globally. The company is a leading manufacturer of adhesives, sealants, and surface treatments for industrial and consumer markets.
SIKA AG
SIKA AG is a publicly traded Swiss company founded in 1910 with 30,629 employees worldwide. The company specializes in chemical products for construction, automotive, and industrial applications including adhesives, sealants, and coatings.
3M
3M is a publicly traded United States company established in 1902 with 60,500 employees. The company is a diversified technology and manufacturing conglomerate producing adhesives, abrasives, coatings, and numerous other products across multiple industries.
HUNTSMAN CORPORATION
HUNTSMAN CORPORATION is a publicly traded United States company founded in 1970 with 6,000 employees. The company manufactures specialty chemicals, pigments, and polyurethane products for various industrial applications.
ILLINOIS TOOL WORKS INC.
ILLINOIS TOOL WORKS INC. is a publicly traded United States manufacturer founded in 1912 with 43,000 employees. The company produces engineered fasteners, components, and specialty products for automotive, construction, and industrial markets.
H.B. FULLER COMPANY
H.B. FULLER COMPANY is a publicly traded company headquartered in the United States and founded in 1887. The company manufactures adhesives, sealants, and specialty chemical products for industrial and consumer applications.
WACKER CHEMIE AG
WACKER CHEMIE AG is a publicly traded German company established in 1914 with 16,196 employees. The company produces specialty chemicals including silicones, polymers, and fine chemicals for construction, automotive, and industrial sectors.
MAPEI S.P.A.
MAPEI S.P.A. is a private Italian company founded in 1937 with 13,252 employees. The company is a global manufacturer of adhesives, sealants, and chemical products for construction and building applications.
Reasons to Buy this Report
- Market Entry Strategy : Gain comprehensive insights into Thailand's structural adhesives market dynamics, competitive landscape, and growth drivers to develop informed market entry and expansion strategies for manufacturers and distributors.
- Sector-Specific Demand Analysis : Understand application-specific demand patterns across Thailand's automotive, electronics, appliance, and industrial manufacturing sectors to identify high-potential customer segments and revenue opportunities.
- Competitive Positioning : Access detailed competitive intelligence on key players operating in Thailand's market, their market share, product portfolios, and strategic initiatives to benchmark your position and identify differentiation opportunities.
- Investment & Growth Forecasting : Leverage accurate 5-year market projections and CAGR analysis to support investment decisions, business planning, and resource allocation for operations targeting the Thailand structural adhesives market.
- Supply Chain Optimization : Identify regional supply chain trends, manufacturing hubs, and distribution channels specific to Thailand to optimize sourcing, logistics, and go-to-market strategies in Southeast Asia.
Frequently asked questions
What is the current size of Argentina's structural adhesives market?
Argentina's structural adhesives market was valued at USD 8.0 million in 2024 and is expected to grow to USD 9.9 million by 2029.
What is the projected growth rate for structural adhesives in Argentina?
Argentina's structural adhesives market is projected to grow at a compound annual growth rate of 4.2% from 2024 to 2029.
Which industries drive structural adhesive demand in Argentina?
Argentina's primary demand drivers include automotive, construction, consumer goods, aerospace, and electronics manufacturing sectors.
How does Argentina's market compare to the global structural adhesives market?
Argentina's 4.2% CAGR is lower than the global 5.5% CAGR, reflecting Argentina's smaller industrial base and more gradual market maturation.
What factors support structural adhesive growth in Argentina?
Argentina's market growth is supported by infrastructure development, industrial modernization, and increasing adoption of high-performance bonding solutions across manufacturing sectors.
RESEARCH METHODOLOGY
The study involved four major activities in estimating the market size for structural adhesives. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold-standard and silver-standard websites, such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research, which involved conducting extensive interviews with key officials, including CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The structural adhesives market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Notes: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2024/2025 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
|
COMPANY NAME |
DESIGNATION |
|
Henkel AG & KGaA |
Senior Manager |
|
Huntsman International LLC |
Innovation Manager |
|
Arkema S.A. |
Vice-President |
|
3M Company |
Production Supervisor |
|
Sika AG |
Sales Manager |
Note: Tier 1 companies’ revenue is more than USD 10 billion; Tier 2 companies’ revenue ranges between USD 1 and 10 billion; and Tier 3 companies’ revenue ranges between USD 500 million and USD 1 billion.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the structural adhesives market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Data Triangulation
After determining the overall market size using the market size estimation processes explained above, the market was divided into several segments and subsegments. To complete the overall market engineering process and determine the exact statistics for each market segment and subsegment, data triangulation and market breakdown procedures were employed, as applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the structural adhesives industry.
Market Definition
According to FEICA, the Association of the European Adhesive and Sealant Industry, structural adhesives are adhesives used to bond load-bearing joints or substrates. They can handle high tensile, shear, cleavage, and peel strength between the substrates and provide excellent mechanical performance. They enable weight reduction and improve the aesthetic appeal of end products without any visible bolts, rivets, or welds. These adhesives offer excellent strength, load-bearing capability, durability, and resistance against impact, heat, fatigue, and solvents. All structural adhesives provide at least 1,000 psi or 7 Mpa of overlap shear strength to the substrates. Structural adhesives include low-viscosity liquids, non-sag pastes, and one- and two-component formulations.
Key Stakeholders
- Structural adhesive manufacturers
- Structural adhesive distributors
- Raw material suppliers
- Government and research organizations
- Investment banks and private equity firms
Report Objectives
- To analyze and forecast the size of the global structural adhesives market in terms of value and volume
- To provide detailed information about the major drivers, restraints, challenges, and opportunities influencing the market growth
- To define, describe, and segment the market based on substrate, resin, technology, application, and region
- To forecast the size of the market segments based on regions such as Asia Pacific, North America, Europe, the Middle East & Africa, and South America
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
- To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contributions to the overall market
- To identify and analyze opportunities for stakeholders in the market
- To analyze competitive developments such as expansions, partnerships, joint ventures, mergers & acquisitions, agreements, and product launches in the market
- To strategically profile the key companies and comprehensively analyze their core competencies
Available customizations:
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Get the Full Structural Adhesives Market Report
Full forecast, segment splits, and company analysis for all Structural Adhesives Market.
- China Structural Adhesives Market
- Japan Structural Adhesives Market
- India Structural Adhesives Market
- South Korea Structural Adhesives Market
- Canada Structural Adhesives Market
- Mexico Structural Adhesives Market
- US Structural Adhesives Market
- Germany Structural Adhesives Market
- France Structural Adhesives Market
- Italy Structural Adhesives Market
- UK Structural Adhesives Market
- Brazil Structural Adhesives Market
- South America Structural Adhesives Market
- Rest Of Europe Structural Adhesives Market
- Russia Structural Adhesives Market
- Spain Structural Adhesives Market
- Turkey Structural Adhesives Market
- Indonesia Structural Adhesives Market
- Rest Of Asia Pacific Structural Adhesives Market
- Taiwan Structural Adhesives Market
- Vietnam Structural Adhesives Market
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