Product Code: 93090
The Thailand Architectural Coatings Market size is estimated at USD 718.13 million in 2024, and is expected to reach USD 755.41 million by 2028, growing at a CAGR of 1.27% during the forecast period (2024-2028).
Key Highlights
- Largest Segment by End-user - Residential : Compared to commercial floor area, Thailand has been observing higher volume of residential building floor area resulting in high architectural paint consumption from the residential sector.
- Largest Segment by Technology - Waterborne : The country of Thailand has a set framework of VOC requirements, the share of waterborne is largest as the VOC regulations play a vital role to limit the usage of Solventborne segment in the country.
- Largest Segment by Resin - Acrylic : Acrylic is a leading type of resin in Singapore. The percentage share of acrylic in both residential and commercial paints and coatings consumption is estimated to be around 50% mark by the end of 2028.
Thailand Architectural Coatings Market Trends
Residential is the largest segment by Sub End User.
- The growth rate of architectural coatings in Thailand has been observing decline in growth rates since 2016, the country observed the sharpest decline in total coatings consumption in 2020, as commercial sector declined. Though total growth registered in 2020 was not so drastic due to sales increase from the DIY segment, influenced by COVID enhanced home improvement activity.
- The regions residential sector held the highest share, which hoovers around 69%. This has enabled the total architectural paint and coatings consumption to witness a CAGR of -0.14% in the period 2016-2021, even as commercial sector observed drastic negative growth rate years in the said period.
- The commercial sector's share in the region of Singapore, is expected to decrease during the forecast period, as the region is largely an agrarian economy with reliance on imports. Hence housing or residential sector takes the center stage, the overall architectural paints and coatings market is expected to continue at CAGR of 0.85% between the period 2022-2028.
Thailand Architectural Coatings Industry Overview
The Thailand Architectural Coatings Market is moderately consolidated, with the top five companies occupying 60.92%. The major players in this market are AkzoNobel N.V., Guangdong Maydos building materials limited company, Jotun, Nippon Paint Holdings Co., Ltd. and TOA Paint Public Company Limited. (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY & KEY FINDINGS
2 INTRODUCTION
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3 KEY INDUSTRY TRENDS
- 3.1 Floor Area Trends
- 3.2 Regulatory Framework
- 3.3 Value Chain & Distribution Channel Analysis
4 MARKET SEGMENTATION
- 4.1 Sub End User
- 4.1.1 Commercial
- 4.1.2 Residential
- 4.2 Technology
- 4.2.1 Solventborne
- 4.2.2 Waterborne
- 4.3 Resin
- 4.3.1 Acrylic
- 4.3.2 Alkyd
- 4.3.3 Epoxy
- 4.3.4 Polyester
- 4.3.5 Polyurethane
- 4.3.6 Other Resin Types
5 COMPETITIVE LANDSCAPE
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Landscape
- 5.4 Company Profiles
- 5.4.1 AkzoNobel N.V.
- 5.4.2 Berger Paints India
- 5.4.3 DAI NIPPON TORYO CO.,LTD.
- 5.4.4 Guangdong Maydos building materials limited company
- 5.4.5 Hato Paint (J.K.R.) Co.,Ltd.
- 5.4.6 Jotun
- 5.4.7 Kansai Paint Co.,Ltd.
- 5.4.8 Nippon Paint Holdings Co., Ltd.
- 5.4.9 SKK(S) Pte. Ltd
- 5.4.10 TAI-YO
- 5.4.11 Thai Toa Industries Co.,LTD.
- 5.4.12 TOA Paint Public Company Limited.
6 KEY STRATEGIC QUESTIONS FOR ARCHITECTURAL COATINGS CEOS
7 APPENDIX
- 7.1 Global Overview
- 7.1.1 Overview
- 7.1.2 Porter's Five Forces Framework
- 7.1.3 Global Value Chain Analysis
- 7.1.4 Market Dynamics (DROs)
- 7.2 Sources & References
- 7.3 List of Tables & Figures
- 7.4 Primary Insights
- 7.5 Data Pack
- 7.6 Glossary of Terms