THAILAND SEALANTS MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The market for sealants in Thailand is anticipated to grow at a CAGR of 5.32%. Due to the numerous applications of sealants in building and construction, including waterproofing, weather-sealing, crack-sealing, and joint-sealing, the construction industry dominates the Thai sealants market, followed by other end-user industries. Construction sealants are also made to be long-lasting and simple to apply on many substrates. The construction sector is expected to develop significantly as a result of rising investment in residential construction, which is anticipated to increase the demand for sealants in the future years. In 2021, the construction sector contributed THB 439.13 billion to the nation's GDP.\

The market for sealants in Thailand is expected to be dominated by electronics and electrical equipment, with the other end-user industries sector expected to hold the second-highest share in terms of value and volume. When making electrical equipment, several sealants are applied for potting and protective purposes. They are applied to cables, sensors, and other things. Due to the existence of significant manufacturers in Thailand, the electronics sector is predicted to increase during the coming years. In the other end-user industries segment, this will increase sealant demand and manufacturing capacity.

Major Players: 3M, Dow, Henkel AG & Co. KGaA, Sika AG and Soudal Holding N.V. 


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