• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Additives Update

    Pigment Supplier Directory

    Interior Architectural Coatings

    Biocides Update

    Powder Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating

    Miller Paint Declares Simple Serenity its 2021 Color of the Year

    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes

    Huntsman Finalizes Acquisition of Gabriel Performance Products

    PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating

    Miller Paint Declares Simple Serenity its 2021 Color of the Year

    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes

    Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700

    Zeppelin Acquires MTI Mischtechnik
    Additives
    Binders
    Pigments
    Solvents

    Huntsman Finalizes Acquisition of Gabriel Performance Products

    LANXESS Acquires Biocides Specialist INTACE

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer

    OQ Chemicals Announces Carboxylic Acids Price Increase

    AOC Announces Price Increase
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Siltech Corporation

    Active Minerals

    Keim Additec Surface USA LLC

    Eagle Specialty Products

    Shepherd Color Company, The
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    The Waterborne Symposium (2021)

    Surface Finishing Mexico 2021

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    Coatings for Africa
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Shepherd Color Company, The

    Pilot Chemical Company

    Siltech Corporation

    ROSS Mixers

    Keim Additec Surface USA LLC
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    India/Asia Pacific Reports

    An Overview of Thailand’s Paint & Coatings Market

    ...

    An Overview of Thailand’s  Paint & Coatings Market
    Table - Major paint producers and their market share in Thailand.
    An Overview of Thailand’s  Paint & Coatings Market
    Table - Automotive Production in Thailand over the years. Source: Federation of Thai Industries.
    An Overview of Thailand’s  Paint & Coatings Market
    Table - Sales revenue of TOA Paints Thailand.
    An Overview of Thailand’s  Paint & Coatings Market
    Table - Upcoming overseas plants by TOA Thailand.
    Related CONTENT
    • IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    • TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    • Huntsman Finalizes Acquisition of Gabriel Performance Products
    • PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand
    • LANXESS Acquires Biocides Specialist INTACE
    Yogender Singh, India/Asia-Pacific Correspondent07.03.18
    Second largest economy of ASEAN, Thailand is one of the most vibrant paint and coatings market in the region on account of a number of factors. Continued urbanization and decreasing household sizes; demand for new housing and repainting, government initiatives of  infrastructure development; growth in tourism and a rapid rise in purchasing power and increase in retail spending and emergence of the country as an automotive production hub in ASEAN  have led to a steady growth of the country’s paint and coatings industry in recent years. Coatings World presents an overview of country’s paint and coating industry.

    Buoyed by a number of factors, Thailand’s paint and coatings industry has made one of the steadiest growths in ASEAN region countries.  The retail market for decorative paint and coatings in the country at the end of 2016 was about THB 19.201 billion. For the five year period between 2011- 2016, the decorative paint and coatings industry has registered a CAGR of 7.97 percent ( at the end of 2011 decorative paint and coatings market stood at THB 13.727 billion).

    The Thai market for decorative paints was driven by construction activities, repainting, retail spending and changing consumer preferences. There were several major setbacks in the market during the last few years, which in turn had an adverse impact on the overall economy.  Both new housing constructions and permission for land development in Thailand declined considerably between 2014 and 2016. However, its impact on retail sales in the decorative paint and coatings market were partially offset by an increase in repainting activities, urbanization and higher demand of premium decorative paint and coating products, resulting in lower growth rate from 2014 to 2016, rather than a decline in absolute market size.

    Increased awareness and consumer knowledge about decorative paint and coatings, consumer preferences for premium decorative paint and coating products and decrease in average repainting cycles of private household from 7-10 years in 2011 to 5-7 years in 2016 are other factors driving retail sales growth.

    The retail market for non-decorative paints and coatings (wood coatings, waterproofing and protective coatings combined) at the end of 2016 was about THB 6,376.9 million in 2016. Primarily driven by greater retail spending and urbanization, this sub-segment registered a CAGR of 6.67 percent over the five year period of 2011- 2016.

    Large companies such as TOA Paint (Thailand) Public Company Limited, Akzo Nobel Paints ( Thailand) Company Limited, Jotun Thailand Limited, Beger Co., Ltd, and Nippon Paint (Thailand) Co., Ltd  dominate the paint and coating industry in Thailand, supplying the market with decorative, automotive, marine and  other non-decorative paints and coatings used on metal, concrete, wood and for waterproofing.

    Thailand has emerged as an important hub of automotive industry in ASEAN region, resulting in a significant demand of automotive coating and refinishes in the country. Though, in the last two years, the country’s automotive production has posted negative growth numbers, but industry stakeholders say that it is a temporary blip in the journey of the country’s robust automotive segment.

    Rising Exports

    Rising exports to other regions, especially ASEAN countries, is also expanding the paint and coatings industry in Thailand. Thai paint and coating exports to ASEAN countries accounted for 67.8 percent of the total paint and coating exports in 2015, with Myanmar being the largest market (share of 13.5 percent of total paint and coating exports in 2015).

    The other large export markets for the Thai paint and coating industry were India (8.3 percent), Australia (3.4 percent), and China (2.7 percent). From 2011 to 2015, the export of paints and related products from Thailand recorded a CAGR of 6.5 percent from $100.2 million in 2011 to $120.8 million in 2015.

    TOA Paint (Thailand) Company is the largest paint and coatings producer in the country with a market share of 48.7 percent at the end of year 2016. Its main products are decorative paint, coating products and non-decorative paint and coating products, such as protective wood lacquers and heavy paints for chemical construction.  In 2017, decorative sub-segment accounted for 68.8 percent of the company’s revenue, while non-decorative sub-segment accounted for 27.7 percent of the total revenues, followed by 3.5 percent from other businesses (supplying raw material to other group companies etc.) 

    With three manufacturing plants in Thailand (two plants in Bangna and one in Samrong) and five in ASEAN region, TOA Thailand is one of the three largest paint and coating producers in ASEAN region.

    In addition to Thailand, TOA also operates three production plants in Malaysia, Vietnam and Laos. The company has a 10 percent share of Vietnam’s decorative paint market. Currently, the company is setting up three production plants in Indonesia, Myanmar and Cambodia, which will commence commercial production during second half of 2018 and first half of 2019.

    Akzo Nobel, which entered into Thailand in 1963, has four manufacturing plants in the country. The company’s Bangkok plant produces decorative and packaging coatings, while three plants located in Nakhon Pathom, Rayong and Chonburi.

    In 2017, AkzoNobel commenced commercial production at one new plant and also acquired the powder coating business of a leading Thai producer. The company’s latest plant at Chonburi started commercial production in May 2017. Coming up with  an investment of €31 million, this is AkzoNobel’s ninth production site in the Southeast Asia region. The 45,000 tons per year production facility provides for a number of performance coatings businesses – including metal coatings, protective coatings, specialty coatings and marine coatings, as well certain products from the company’s decorative paints business.

    Commenting on the opening of Chonburi plant,  Bill Collins, corporate director of AkzoNobel Performance Coatings business said,  “The new plant will play a key role in driving organic growth for the performance coatings business. The large size of the new site and the already established infrastructure enables later-phase investments for expansion. The Chonburi site will then provide opportunities for possible future expansion and growth in the region.”

    Later in November 2017, AkzoNobel acquired the  Samutsakhon based business of V.Powdertech Company Ltd., a leading producer of powder coatings, supplying a range of products for domestic appliances, furniture and general industrial applications. 
    Related Searches
    • powder coatings
    • china
    • akzonobel
    • industrial
    Suggested For You
    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    Huntsman Finalizes Acquisition of Gabriel Performance Products Huntsman Finalizes Acquisition of Gabriel Performance Products
    PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand
    LANXESS Acquires Biocides Specialist INTACE LANXESS Acquires Biocides Specialist INTACE
    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer
    AkzoNobel Proposes to Acquire Tikkurila for €31.25 Per Share AkzoNobel Proposes to Acquire Tikkurila for €31.25 Per Share
    Coatings Application Development Scientist Coatings Application Development Scientist
    Ezio Braggio Joins ChemQuest Europe Ezio Braggio Joins ChemQuest Europe
    IFS Coatings Announce Carbon Offset Program IFS Coatings Announce Carbon Offset Program
    Emulsion Polymers Market to Hit $66 Billion by 2027: Transparency Market Research Emulsion Polymers Market to Hit $66 Billion by 2027: Transparency Market Research
    Axalta Powder Coatings Presents SuprAnodic Collection Axalta Powder Coatings Presents SuprAnodic Collection
    PPG Launches Traffic Solutions Business Following Ennis-Flint Acquisition PPG Launches Traffic Solutions Business Following Ennis-Flint Acquisition
    HMG Paints Earns HMG Paints Earns 'Made in Britain' Accreditation
    New Strategy Sets Hempel on Path to Leadership Positions New Strategy Sets Hempel on Path to Leadership Positions

    Related India/Asia Pacific Reports

    • Indian Industrial Coatings Market

      Indian Industrial Coatings Market

      Estimated to be approximately $1.9 billion, industrial paint accounts for 25 percent of total paint demand in India.
      Yogender Singh, India, Asia-Pacific Correspondent 12.07.20

    • The Paint and Coatings Industry  in Bangladesh

      The Paint and Coatings Industry in Bangladesh

      The nearly $471 million paint and coatings industry in Bangladesh has registered steady growth rates for the most of the last decade.
      Yogender Singh India, Asia-Pacific Correspondent 10.08.20

    • COVID’s Impact on the Indian Paint Industry

      ...
      Yogender Singh, India, Asia-Pacific Correspondent 08.10.20


    • State of the Paint and Coatings Industry in Saudi Arabia

      ...
      Yogender Singh, India, Asia-Pacific Correspondent 03.13.20

    • Raw Material Issues In Indian Paint Industry

      Raw Material Issues In Indian Paint Industry

      ...
      Yogender Singh, India, Asia-Pacific Correspondent 01.20.20

    • The Paints and Coatings Industry  in the Philippines

      The Paints and Coatings Industry in the Philippines

      ...
      Yogender Singh, India, Asia-Pacific Correspondent 09.03.19


    • Expansions in India Paint & Coatings Industry

      Expansions in India Paint & Coatings Industry

      ...
      Yogender Singh, India, Asia-Pacific Correspondent 07.03.19

    • A Snapshot of AkzoNobel Vietnam

      A Snapshot of AkzoNobel Vietnam

      ...
      Yogender Singh, India, Asia-Pacific Correspondent 05.10.19

    • Q&A with Jatuphat Tangkaravakoon, CEO of Toa Paints Thailand

      Q&A with Jatuphat Tangkaravakoon, CEO of Toa Paints Thailand

      ...
      Yogender Singh , India, Asia-Pacific Correspondent 03.08.19


    • Paint and Coatings Industry in Vietnam

      Paint and Coatings Industry in Vietnam

      ...
      Yogender Singh, India, Asia-Pacific Correspondent 01.07.19

    • Overview of Paint & Coatings Industry in Pakistan

      Overview of Paint & Coatings Industry in Pakistan

      ...
      Yogender Singh, India, Asia-Pacific Correspondent 11.05.18

    • Indonesian Paint and Coatings Industry

      Indonesian Paint and Coatings Industry

      ...
      Yogender Singh, India, Asia-Pacific Correspondent 09.01.18


    • Paint India 2018 – Show Report

      Paint India 2018 – Show Report

      Paint India offered a wealth of information on paint and coatings for this growing market.
      Yogender Singh, India/Asia-Pacific Correspondent 06.04.18

    • Coatings World’s Interview with Berger Paints

      Coatings World’s Interview with Berger Paints

      ...
      Yogender Singh, India/Asia-Pacific Correspondent 03.19.18

    • Paint & Coatings Industry in United Arab Emirates

      Paint & Coatings Industry in United Arab Emirates

      ...
      Yogender Singh, India, Asia-Pacific Correspondent 01.08.18

    Trending
    • AkzoNobel Proposes To Acquire Tikkurila For €31.25 Per Share
    • LANXESS Acquires Biocides Specialist INTACE
    • AkzoNobel Announces Share Buyback
    • Nouryon Renaming Industrial Chemicals Subsidiary Nobian
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    Breaking News
    • IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    • TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    • Miller Paint Declares Simple Serenity its 2021 Color of the Year
    • Huntsman Finalizes Acquisition of Gabriel Performance Products
    • PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Additives Update
    • Pigment Supplier Directory
    • Interior Architectural Coatings
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Euromonitor Names Top Ten Trends for 2021
    Study Highlights Differences Between EPA's and DHA's Effect on Sleep
    BGG Obtains U.S. Patent on AstaZine Natural Astaxanthin for Heart Function During Exercise
    Coatings World

    Latest Breaking News From Coatings World

    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    Miller Paint Declares Simple Serenity its 2021 Color of the Year
    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Researchers Successfully ‘Fine Tune’ New Thermoplastic Biomaterial
    RSIP Vision Announces Versatile Medical Image Segmentation Tool
    Vance Street Capital Adds Operating Partner
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Global Biosciences Co. Selects ValGenesis VLMS
    Eisai Appoints Chief Clinical Officer of Oncology Biz
    Nexelis Acquires GSK Vax Lab in Marburg
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Top Beauty Brands in the World—And Most Loved Fragrances
    P&G Reports Q2 Results
    A Lacquering Technique Makes Very Good Girl by Carolina Herrera Shine
    Happi

    Latest Breaking News From Happi

    Ross Introduces Double Cone Tumble Blender
    Colonial Chemical Announces New Facility
    Ashland Acquires Schülke & Mayr's Personal Care Business
    Ink World

    Latest Breaking News From Ink World

    Morancé Soudure France Adds Comexi F2 MC 10-color Flexo Press
    THIMM Group Installs 1st Koenig & Bauer CorruFLEX
    Cowan Graphics Adds Fujifilm Inca OnsetX3 HS
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Domino grows installation and service teams
    ABG keeps pace with demand with recruitment drive
    Acucote expands FSC-certified portfolio
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    First Quality Launches Incognito by Prevail
    Essity Launches Reusable Underwear Product
    Honeywell Delivered 225 Million Masks in December
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    DJO Acquires Trilliant Surgical
    FDA Breakthrough Device Designation Granted to Spiderwort's Spinal Cord Technology
    Bioventus Appoints SVP of Operations
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Graphene Flagship Launches Redesigned Website

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login