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Thailand Architectural Coatings Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028

The Thailand Architectural Coatings Market is segmented by Sub End User ( Commercial, Residential ) , by Technology ( Solventborne, Waterborne ) and by Resin ( Acrylic, Alkyd, Epoxy, Polyester, Polyurethane )

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Thailand Architectural Coatings Market Size

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Thailand Architectural Coatings Market
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svg icon Study Period 2016 - 2028
svg icon Market Size (2024) USD 718.13 Million
svg icon Market Size (2028) USD 755.41 Million
svg icon Largest Share by Sub End User Residential
svg icon CAGR (2024 - 2028) 1.27 %
svg icon Fastest Growing by Sub End User Residential
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Thailand Architectural Coatings Market Analysis

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).

  • 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

This section covers the major market trends shaping the Thailand Architectural Coatings Market according to our research experts:

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 Market

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).

Thailand Architectural Coatings Market Leaders

  1. AkzoNobel N.V.

  2. Guangdong Maydos building materials limited company

  3. Jotun

  4. Nippon Paint Holdings Co., Ltd.

  5. TOA Paint Public Company Limited.

*Disclaimer: Major Players sorted in no particular order

Thailand Architectural Coatings Market
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Thailand Architectural Coatings Market News

  • April 2021: The company released a new Weatherbond paint using Nippon Paint Holdings Co., Ltd. Cross-Link Technology.
  • August 2020: The company released a new paint Nippon Paint Holdings Co., Ltd. Air Care Paint which inhibit viruses and bacteria.

Thailand Architectural Coatings Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study

    3. 1.3. Research Methodology

  3. 2. KEY INDUSTRY TRENDS

    1. 2.1. Floor Area Trends

    2. 2.2. Regulatory Framework

    3. 2.3. Value Chain & Distribution Channel Analysis

  4. 3. MARKET SEGMENTATION

    1. 3.1. Sub End User

      1. 3.1.1. Commercial

      2. 3.1.2. Residential

    2. 3.2. Technology

      1. 3.2.1. Solventborne

      2. 3.2.2. Waterborne

    3. 3.3. Resin

      1. 3.3.1. Acrylic

      2. 3.3.2. Alkyd

      3. 3.3.3. Epoxy

      4. 3.3.4. Polyester

      5. 3.3.5. Polyurethane

      6. 3.3.6. Other Resin Types

  5. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. AkzoNobel N.V.

      2. 4.4.2. Berger Paints India

      3. 4.4.3. DAI NIPPON TORYO CO.,LTD.

      4. 4.4.4. Guangdong Maydos building materials limited company

      5. 4.4.5. Hato Paint (J.K.R.) Co.,Ltd.

      6. 4.4.6. Jotun

      7. 4.4.7. Kansai Paint Co.,Ltd.

      8. 4.4.8. Nippon Paint Holdings Co., Ltd.

      9. 4.4.9. SKK(S) Pte. Ltd

      10. 4.4.10. TAI-YO

      11. 4.4.11. Thai Toa Industries Co.,LTD.

      12. 4.4.12. TOA Paint Public Company Limited.

  6. 5. KEY STRATEGIC QUESTIONS FOR ARCHITECTURAL COATINGS CEOS

  7. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter's Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. THAILAND MARKET, UNDEFINED YOY GROWTH RATE, 2016 - 2028
  1. Figure 2:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 3:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, VALUE, USD, 2016 - 2028
  1. Figure 4:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 5:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 6:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2016 - 2028
  1. Figure 7:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2016 - 2028
  1. Figure 8:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 9:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 10:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2021 - 2028
  1. Figure 11:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 12:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 13:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2021 - 2028
  1. Figure 14:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 15:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 16:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2016 - 2028
  1. Figure 17:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2016 - 2028
  1. Figure 18:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 19:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 20:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 21:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 22:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 23:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 24:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 25:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 26:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY RESIN, 2016 - 2028
  1. Figure 27:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY RESIN, 2016 - 2028
  1. Figure 28:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 29:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 30:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 31:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 32:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 33:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 34:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 35:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 36:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 37:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 38:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 39:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 40:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 41:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 42:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 43:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 44:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 45:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 46:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 47:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 48:  
  2. THAILAND ARCHITECTURAL COATINGS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Thailand Architectural Coatings Industry Segmentation

Commercial, Residential are covered as segments by Sub End User. Solventborne, Waterborne are covered as segments by Technology. Acrylic, Alkyd, Epoxy, Polyester, Polyurethane are covered as segments by Resin.
Sub End User
Commercial
Residential
Technology
Solventborne
Waterborne
Resin
Acrylic
Alkyd
Epoxy
Polyester
Polyurethane
Other Resin Types
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Market Definition

  • COMMERCIAL - The Commercial Sector includes the paints and coatings used for hotels, hospitals, educational institutions, government institutions and malls among others. The scope does not include paints and coatings used for infrastructure applications.
  • RESIDENTIAL - This section includes interior and exterior paints and coatings used on residential buildings.
  • FLOOR AREA - The total floor area comprises of both existing and new floor area for the sub end users considered in the study.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific end-user segment and country are selected from a group of relevant variables & factors based on the desk research & literature review; along with primary expert inputs.
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Thailand Architectural Coatings Market Research FAQs

The Thailand Architectural Coatings Market size is expected to reach USD 718.13 million in 2024 and grow at a CAGR of 1.27% to reach USD 755.41 million by 2028.

In 2024, the Thailand Architectural Coatings Market size is expected to reach USD 718.13 million.

AkzoNobel N.V., Guangdong Maydos building materials limited company, Jotun, Nippon Paint Holdings Co., Ltd. and TOA Paint Public Company Limited. are the major companies operating in the Thailand Architectural Coatings Market.

In the Thailand Architectural Coatings Market, the Residential segment accounts for the largest share by sub end user.

In 2024, the Residential segment accounts for the fastest growing by sub end user in the Thailand Architectural Coatings Market.

In 2023, the Thailand Architectural Coatings Market size was estimated at USD 707.59 million. The report covers the Thailand Architectural Coatings Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thailand Architectural Coatings Market size for years: 2024, 2025, 2026, 2027 and 2028.

Thailand Architectural Coatings Industry Report

Statistics for the 2024 Thailand Architectural Coatings market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Thailand Architectural Coatings analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Thailand Architectural Coatings Report Snapshots

Thailand Architectural Coatings Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028