The ASEAN region has positioned itself as a key player in the consumer electronics market, particularly Southeast Asian nations, showcasing a remarkable prowess in manufacturing superior quality electronic devices. Thailand, in particular, stands out as a significant contributor to this sector, producing a substantial share of the world's electronic devices. Notably, nearly 85% of laptops worldwide are manufactured in Southeast Asian regions, with Thailand emerging as a prominent hub for laptop production. Beyond laptops, Thailand has also carved a niche for itself in the production of storage devices, particularly hard disk drives (HDDs) and their components. The electronic industry serves as a cornerstone of Thailand's manufacturing sector, solidifying the country's position as a vital center for electronic device assembly.
Thailand's prominence in the electronics industry is underscored by the presence of global giants such as Western Digital and Seagate, both of whom have established manufacturing facilities in the country. This has propelled Thailand to the esteemed position of being the second-largest manufacturer and exporter of storage data products worldwide. The country's robust infrastructure, skilled labor force, and strategic partnerships with global players have contributed significantly to its standing in the global electronics market.
Looking ahead, Thailand is poised for substantial growth in electronic devices trade and manufacturing. The anticipated expansion of the country's electronic manufacturing sector presents promising prospects and lucrative opportunities for adhesive and sealant manufacturers catering to handheld devices.
The burgeoning demand for electronic devices globally, coupled with Thailand's established foothold in the industry, is set to drive increased production volumes of smartphones, tablets, laptops, and storage devices within the country. As the production scales up, the need for specialized adhesives and sealants used in the assembly and manufacturing processes of these devices will witness a proportional surge.
Adhesives and sealants play a critical role in the assembly of electronic devices, ensuring the structural integrity, durability, and performance of these products. The growing manufacturing landscape in Thailand necessitates the use of these specialized materials, creating an opportunity for adhesive and sealant manufacturers to tailor their offerings to meet the unique demands of the electronic device manufacturing sector.
Furthermore, Thailand's proactive approach towards promoting technological innovation and fostering a conducive environment for manufacturing augurs well for the adhesive and sealants market. The country's focus on research and development, coupled with strategic collaborations between industry players and government initiatives, is expected to catalyze advancements in adhesive formulations and sealant technologies tailored for handheld electronic devices.
In conclusion, Thailand's ascent as a major player in the global consumer electronics market, particularly in the production of laptops and storage devices, presents a favorable landscape for adhesive and sealant manufacturers. The anticipated growth trajectory of Thailand's electronic device manufacturing sector offers substantial opportunities for adhesive and sealant manufacturers to expand their presence, innovate, and tailor their offerings to meet the evolving needs of the thriving electronics industry in the country and beyond.
Report Attribute/Metric |
Details |
Base Year For Estimation |
2015 Forecast Period 2016-2023 Historical Data 2014 Forecast Units Value (USD Million) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By Adhesives, Sealants, Application and Region Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW) Key Vendors 3M, Henkel AG, and Co. KGaA, Tangent Industries, Evonik Industries AG, Novachem Corporation, H.B. Fuller, and Dow Corning Corporation. Key Market Opportunities The commonly used adhesive is the hot melt adhesive with better rework ability and dependability properties. Key Market Drivers Rise in the demand for gaming laptops, and the growth of the electronic markets. |
Historical Data |
2014 Forecast Units Value (USD Million) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By Adhesives, Sealants, Application and Region Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW) Key Vendors 3M, Henkel AG, and Co. KGaA, Tangent Industries, Evonik Industries AG, Novachem Corporation, H.B. Fuller, and Dow Corning Corporation. Key Market Opportunities The commonly used adhesive is the hot melt adhesive with better rework ability and dependability properties. Key Market Drivers Rise in the demand for gaming laptops, and the growth of the electronic markets. |
Forecast Period |
2016-2023 Historical Data 2014 Forecast Units Value (USD Million) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By Adhesives, Sealants, Application and Region Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW) Key Vendors 3M, Henkel AG, and Co. KGaA, Tangent Industries, Evonik Industries AG, Novachem Corporation, H.B. Fuller, and Dow Corning Corporation. Key Market Opportunities The commonly used adhesive is the hot melt adhesive with better rework ability and dependability properties. Key Market Drivers Rise in the demand for gaming laptops, and the growth of the electronic markets. |
Growth Rate |
7.21% Base Year 2015 Forecast Period 2016-2023 Historical Data 2014 Forecast Units Value (USD Million Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By Adhesives, Sealants, Application and Region Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW) Key Vendors 3M, Henkel AG, and Co. KGaA, Tangent Industries, Evonik Industries AG, Novachem Corporation, H.B. Fuller, and Dow Corning Corporation. Key Market Opportunities The commonly used adhesive is the hot melt adhesive with better rework ability and dependability properties. Key Market Drivers Rise in the demand for gaming laptops, and the growth of the electronic markets. |