Valued at US$1.249bn in 2021, Thailand’s paints and coatings market is forecast to rise by 7.3%, to US$1.903bn by 2027. Decorative paints and coatings is the largest segment in the whole paints and coatings industry, and is expected to rise by 7.8% by 2027.
Due to the rising demand in the construction sector, powder coatings is also expected to see the highest growth rate by 2027 at 8.8% in value and 6.2% in volume. Harness these opportunities at the Asia Pacific Coatings Show as it offers the perfect platform to meet suppliers and manufacturers from the global coatings industry.
PROJECTS IN THE REGION THAT FUEL THE DEMAND FOR THE COATINGS INDUSTRY
JOINT INFRASTRUCTURE DEAL WITH MALAYSIA
Project value: US$30bn
The Governments of Thailand and Malaysia have signed a joint infrastructure agreement for projects along the 595km-long border region between the two countries. Some of the key projects under this are the Rantau Panjang–Sungai Golok Bridge, Pengkalan Kubor–Tak Bai Bridge, and the road alignment connecting the Bukit Kayu Hitam Immigration, Customs, Quarantine and Security (ICQS) Complex.
Project value: US$3.9bn
The largest integrated development in the central business district and most comprehensive real estate project in Thailand, with an investment value of more than THB120bn, on a total land area of 166,400 square metres. When fully completed, the project will include five premium Grade A office towers, four distinct retail precincts, five luxury and lifestyle hotels and three luxury residential towers operating under the core values of people-centric, sustainability and smart city living.
Project value: US$2.33bn
The Government of Thailand has announced plans to undertake a US$2.33bn highway project linking Saraburi and Nakhon Nayok and reduce congestion on the existing Phahon Yothin Road (Highway 1) in Bangkok. The highway will be constructed in four phases commencing in 2024 and is expected to open to traffic in 2026.
HIGH-SPEED RAIL NETWORK
Project value: US$1.47bn
The Ministries of Transport (MOT) of Thailand and Malaysia have partnered to develop a high-speed rail (HSR) network across four Association of Southeast Asian Nations (ASEAN) countries. The HSR route will link the countries of Thailand, Malaysia, Singapore, and Laos as well as China. The MOT of the two countries have agreed to establish a joint working panel to discuss plans for the proposed system.
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