The petrochemical industry in Thailand has played a vital role in the country's economic development, serving as a key driver of growth and diversification. This article examines the key statistics from 2022, including GDP and employment contributions, factors contributing to the industry's growth and success, industry performance, and key trends, such as technological disruptions. We also discuss the challenges faced by the industry and its future outlook.
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SIBD
2
(blank) info@sibd.co.th
Siam Industrial Business Development, also known as SIBD is an established Limited Company registered in the Kingdom of Thailand. Founded in 2002 initially to support entries into the Oil & Gas and Petrochemical industries. SIBD is now one of the few firms concentrating on solutions for SME companies who wish to seek assistance entering the South-East Asian Market. SIBD quickly paved its own path, establishing a culture of its own through working with international corporations, family businesses and technology entrepreneurs. Specialising in providing services relating to market entry and growth, supply and trade or business operations and organisation either in the clients name or under direct agency representation. We operate with a specialised team of individuals, combining high seniority and deep expertise in their respective fields. Our experience of 30 years conducting business in South-East Asia paired with a young approach to business ensures sustainable added value for cl…
ENFOURTECH
38
+66 2 694 2323 info@enfourtech.com
Enfourtech is a company based out of Thailand.
PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED
1,166
+66 2 265 8400 dpooffice@pttgcgroup.com
PTT Global Chemical Public Company Limited is Thailands largest and Asias leading integrated petrochemical and refining company. Founded in 2011 through the amalgamation of PTT Chemical Public Company Limited and PTT Aromatics and Refining Public Company Limited to be the chemical flagship of PTT Group. The integration results in reaching a total Olefins and Aromatics production capacity of 8.2 million tons per year and petroleum production capacity of 280,000 barrels per day. PTT Global Chemical Public Company Limited is strengthened with its diversity of product in both Olefins and Aromatics line, which improves its competitive advantage as well as the ability to reduce risk inherent in the petrochemical industry. A larger production scale as a result of the integration will enable the Company to leverage its significant economy of scale to reduce unit costs as well as to achieve a fully integrated production process that delivers more value-added products, especially the ability…
TCI GLOBAL VENTURES ( THAILAND) CO, LTD
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+66 2 417 1452 info@tciglobalventures.com
We are ISO 9000 certified Global Marketing and Sourcing company with ability to export and import under our company as well. The company is run by team of professional Engineers with Global Manufacturing and Marketing experience. Our success lies in our ability to innovate and adapt to the dynamic business environment and use technology as a sources in our day to day operations. TRUST, RELIABILITY and GOOD BUSINESS ETHICS are three important principal guiding our business practice. We see our customers as our partners and an extension of our own company. Our company is in the following fields of Global Business : PETROCHEMICALS PRODUCTS Poly Ethylenes ( LDPE / HDPE) PVC Polyolifins Ethanolamines PTA PS ( GPPS / HIPS) EVA MEK Origin : Thailand / China / Taiwan / Korea Market: Asia / Europe/South America / Africas TEXTILE PRODUCTS : Fiber ( Polyester, Viscose,Cotton) Yarns ( DTY / Spun / MVS / OE) Fabrics ( dyed, greige, wide width, work wear, Batiks, Hometextile,…
VENCOREX (THAILAND) COMPANY LIMITED
12
+66 97 249 7264 compliance@vencorex.com
Vencorex is a JV between PTT Global Chemical, Thailands largest and Asias leading integrated petrochemical and refining company, and the Perstorp Group, world leader in several sectors of the specialty chemicals market. Vencorex is the owner of technology and a major manufacturer of isocyanates, particularly toluene diisocyanate (TDI), hexamethylene diisocyanate (HDI, IPDI) and its derivatives. See company introduction, click here https://www.youtube.com/watch?v=KjA2mGrmYz0&feature=youtu.be
SWD ENGINEERING
6
+66 38 685 370 enquiry@swdengineering.com
SWD Engineering is steel fabricators specialist. We fabricate steel into various steel structures by cutting, bending, welding, and assembling structural steel, pipes and components based on client design and specifications. We focus on pressure vessels, heat exchangers, storage tanks, structure-piping, skid module, machinery parts and mechanical installation. We represent an innovative group of people that specialize in providing service to the petrochemical, power, and other process industries. Based in Rayong, EEC area of Thailand, close to Mab Ta Phut Seaport (12 km.) and U-Tapao International Airport (22 km.) We also have a manufacturing facility at Bangkok, Thailand. We are a member of Sawatudom Group (SWD Group). We conduct business with ethics, focusing on the delivery and quality in compliance with international standards, live side by side with the community without taking advantage of the environment, in order to achieve a continuous improvement of life quality of all of o…
THE FREIGHT CO.LTD.
10
+66 2 714 2414 info@the-freight.com
The Freight Co Ltd is an international freight forwarding company dedicated to offering a wide array of freight and logistics services ranging from local handling and shipping to global supply chain management. The company was founded in Bangkok, Thailand in 1996 and has since built a solid reputation for reliability in providing tailor-made integrated logistics solutions. The company has offices in Myanmar, Thailand and Vietnam. The Freight Co Ltd strives to be the preferred trade expert and logistics provider for shippers needing innovative, cost-effective and integrated supply chain solutions to move their products from the point of production to the point of consumption. Today, we provide the technology, expertise and solutions supported by a worldwide network with the aim of simplifying international trade for our customers. Our solutions aim to grant you the benefit of flexible market entry and exit, key to meeting the challenges of todays competitive global environment. Our tea…
FLOWLAB & SERVICE CO.,LTD.
16
+66 38 937 517 marketing@flowlabservice.co.th
FLOWLAB & SERVICE CO.,LTD. is a leader in providing full service in measuring flow instruments, design, construction, sales of goods and services, including calibration of instruments, focusing on flow meters in various industries such as oil & gas industry, petrochemical industry, consumer product industry, food & pharmaceutical industry and power plant etc. by ISO/IEC17025 accreditation laboratory. The company is also on site service including Downstream and Offshore. To provide consulting and solutions for the loss/gain of the flow meter, metering skid design and training courses by specialist and skilled team with knowledge, ability and experience to calibrate the flow solution more than 19 years
JST GROUP
159
+66 74 440 572 cssales@jst-group.com
40 years in South East Asia, JST Group was originally founded to service the drilling sector of the oil & gas industry in Thailand. As local industry developed and grew, JST kept pace – building a flexible organisation structure to provide locally-based and managed engineering services to support the increasing sophistication of customer requirements. In order to pursue its goals, a team of highly qualified professionals were brought on board to manage the core activities of the company. A key factor in JSTs success has been its policy of developing local technical skills to international standards. Consequently, JST is able to provide specialist technical services to international standards at low cost rates. Now established as a major supplier of technical services, JST continues to go from strength to strength, with branch offices across South East Asia providing specialist equipment and manpower services (both local and expatriate) to the oil, gas & petrochemical industries worl…
LIQUID PURIFICATION ENGINEERING INTERNATIONAL CO., LTD.
17
+66 2 903 0814 info@lpe.co.th
Liquid Purification Engineering International Co., Ltd. LPE is a leader in membrane separation processes, providing in both water and non-water liquid separation, filtration and purification. Process design and Process engineering, equipment and related services for: - Water treatment by using membrane technology for drinking water production, Food & Beverage, Pharmaceutical, Electronic, Semiconductor, Power Plant and petrochemical industry - Water reuse and recycling or waste utilization by membrane technology - After-sale service, maintenance and expertise Process development of: - Non-thermal pasteurization in juice by microfiltration (MF) - Non-thermal concentrated by forward osmosis (FO) - Oligosaccharide separation and purification by microfiltration, nanofiltration (NF) and electrodialysis (ED) - Waste yeast protein extraction and …
JALON (THAILAND) CO., LTD.
6
+66 33 265 700 info@jalon.co.th
Jalon (Thailand) Co., Ltd. Established in 2021, Jalon Thailand is the first manufacturer of zeolite molecular sieves 3A, 4A, 5A, 13X, JLOX-103A and JLOX-500 / 500S in Thailand with a capital registration of 440 million baht, receiving the BOI promotion from the Thai Government and completely certificated of ISO 9001, 14001, and 45001. In addition, we are a subsidiary of Luoyang Jalon Micro-nano New Materials Co., Ltd in China, one of the global leading synthetic zeolite manufacturers with more than 20 years of experience and are trusted by our global clients in over 35 countries. For instance, the USA, UK, France, Germany, and ASEAN in the industries of natural gas, petrochemical, oil refinery, ethanol, Air separation, and others.
KUMWELL CORPORATION LIMITED
23
+66 2 954 3455 info@kumwell.com
Kumwell emphasizing on Safety to Society for human life and maintain power quality with perfect Grounding and Lightning Protection System. Lightning is natural phenomena that can cause life and property damage to both structure and electrical system / electronic system. Kumwell has designed complete range of products for Grounding System / Lightning Protection System / Surge Protection Device / Lightning Detection and Warning System in accordance with international standards, and subsequently has provided stable safety foundation in various countries infrastructures starting from the electricity segment (power generation plant, solar plant, wind turbine, transmission line, distribution line, etc.), transportation segment (metro line, sky train, high-speed train, airports, seaports, toll way, highway, motorway, etc.), telecommunication segment (microwave station, radio station, TV station, mobile transmission station, data center, etc.) industrial segment (petrochemical plants, oil and…
ARROW ENERGY CO., LTD.
22
+66 2 115 0653 sales.th@arrow-energy.com
Arrow Energy is prominent player in renovations in Energy sector. Highly competent in pollution control equipments engineering and construction. Also experienced team for boiler retrofits/ modification and O&M along with after sales service. We offers turnkey solutions with supply, fabrication and construction in the power plant, petrochemical, food and beverage including retrofit, redesigning, inspection and maintenance followed ASME standard for boiler and pollution control equipment.
INTERGOODS CO LTD.
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+66 2 718 3699 (blank)
Intergoods Ltd is a premier supplier of high-quality chemicals across various industries, driven by innovative business ideas and a team of dedicated professionals. Our mission is to support organizations of all sizes and sectors to achieve sustainable growth, profitability, and operational efficiency by providing them with top-notch chemical specialty materials required for their production processes. We specialize in the development and distribution of chemical solutions tailored to the needs of small, midsize, and large manufacturing companies. Our comprehensive range of standard applications, industry-specific solutions, specialty chemicals, and cutting-edge raw material technologies enable us to map and design manufacturing processes that meet the unique requirements of each client. At Intergoods, we are committed to providing our clients with the right raw material procurement solutions to help streamline their production processes and achieve their business goals.
ALPHA GROUP COMPANY LIMITED
7
+66 2 792 9333 sales@alphagroup.co.th
Alpha Group Co., Ltd. was found by four classmates graduated in chemical engineering. The company established in April 11, 1984 with the capital registered of Baht 500,000. At present, the company has the total registration value of Baht 100,000,000. Alpha group Co., Ltd. aims to become a customers partner offering efficient product and application solutions. Our business focuses on the area of heat transfer and process applications which can maximize customer benefits in terms of heat balancing and energy conservation leading to cost savings. Today, our operation includes Trading, Engineering, Automation, Services as well as the Engineering Consumable Products and etc. We supply industrial equipments of valves, steam traps, sealing gasket, safety equipments and control valves products to all process industries i.e. food & beverage, sugar, rubber & tire, pulp & paper, textile, chemical, petrochemical, oil & gas and power station.
INNOVEK ASIA
22
+66 63 746 2956 sales@innovek.co.th
Innovek Asia is a one stop service company for cooling towers. Our teams offer from consultation, design, material sourcing, supply and installation to after sales services. We supply turn-key solutions for the the petrochemical industry, for power plants, for paper, sugar and steel mills and other industrial customers.
GC
1,904
+66 2 265 8400 dpooffice@pttgcgroup.com
PTT Global Chemical Public Company Limited, or GC is Thailands largest integrated petrochemical and refining business and a leading corporation in Asia-Pacific region, both in size and wide range of products – from petrochemical to biochemical with the worlds number 1 bioplastics producer. We are the world number one in chemical sector in Dow Jones Sustainability indices. Also, we have been rated at Leadership Level (A List) in water management and environmental management in climate change by CDP. Our vision is to be a leading global chemical company for better living as we combine environmentally friendly innovations with advanced technologies to develop products that improve peoples lives. Currently, we have manufacturing plants and distributors in Thailand and globally, with 40 local sites and 42 global operation sites. Aligned with the Paris Agreement, we aim to reduce current CO2 emissions for 20 percent by 2030 on our journey towards achieving Net Zero by 2050.
METROHM SIAM LTD.
31
+66 2 298 0864 (blank)
Metrohm is one of the worlds most trusted manufacturers of high-precision instruments for chemical analysis. Metrohm was founded in 1943 by engineer Bertold Suhner in Herisau, Switzerland. Today, we are present in more than 80 countries with our own subsidiaries and exclusive distributors. Comprehensive solutions for chemical analysis Metrohm systems for chemical analysis We are the global market leader in analytical instruments for titration. Instruments for ion chromatography, voltammetry, conductivity, and stability measurement make our portfolio for ion analysis complete. Near-infrared and Raman spectroscopy is another, strongly growing segment of our portfolio. Process Analyzer for automated analysis with titration, colorimetry, and ion-selective measurements The techniques and methods for laboratory analysis are also available for automated in-process analysis. Metrohm Applikon has created a wide range of solutions covering any needs in a variety of industries. The Metrohm Pro…
CREATION CENTER CO., LTD.
8
+66 2 591 1450 info@creationcenter.co.th
Founded in 1974, Creation Center is a distinguished original equipment manufacturer and global leader in water and wastewater treatment systems. We also serve as a distributor for cutting-edge engineered products. Our expert team designs, constructs, operates, and supports water treatment plants across Thailand and Southeast Asia. Our distribution division supplies state-of-the-art water treatment products for water purification and wastewater treatment processes. As an engineering-driven company, we have been dedicated to fulfilling our clients water needs for over four decades. We take pride in our extensive experience, serving a diverse range of global and regional clients across industries such as electronics manufacturing, energy, electrical power generation, food and beverage, chemicals, petrochemicals, mineral processing, pulp and paper, refineries, hotels and hospitals, pharmaceuticals, coatings, cosmetics, and more. At Creation Center, our highly skilled team manages every s…
THAI NAM POLY PACK CO., LTD. | A THAI NAM COMPANY
8
+66 64 202 0808 info@thainam.co.th
Manufacturer of all kind of plastic bag packaging One of the reasons behind the groups success is its commitment to quality and prices of the products as standards. This begins with the quality of the raw materials used in the production. All raw materials are carefully selected from leading petrochemical manufacturer to ensure that the end products are of quality. These raw materials go through manufacturing processes, which have been thoroughly and carefully tested each and every step so that production flows smoothly. The products are finally checked by both visual and mechanical inspections before distribution.
Top Petrochemical Companies in Thailand
Key Statistics from 2022, Including GDP and Employment
In 2022, the petrochemical industry in Thailand contributed approximately 5% to the nation's GDP. The industry employed around 120,000 people, accounting for roughly 0.3% of the total workforce. Over the past five years, the petrochemical industry has experienced an average growth rate of 3% annually, reflecting the increasing demand for petrochemical products and services.
Factors Contributing to Growth and Success
Government Initiatives
The Thai government has implemented several initiatives to support the growth of the petrochemical industry, including the establishment of the Eastern Economic Corridor (EEC) to attract investment in high-value-added industries, such as petrochemicals. Additionally, the government has prioritized the development of infrastructure, such as ports and transportation networks, to facilitate the industry's expansion.
Abundant Natural Resources
Thailand is endowed with abundant natural resources, including natural gas and crude oil, which serve as the primary feedstock for the petrochemical industry. The country's strategic location in the heart of the Asia-Pacific region also provides access to regional markets, further contributing to the industry's growth and success.
Growing Demand for Petrochemical Products
The increasing demand for petrochemical products, driven by factors such as rapid urbanization, industrialization, and population growth, has fueled the expansion of the petrochemical industry in Thailand. Products derived from petrochemicals, including plastics, fertilizers, and chemicals, are essential for various industries, such as construction, automotive, agriculture, and consumer goods.
Industry Growth and Comparison to Previous Years
The petrochemical industry in Thailand has experienced steady growth in recent years, with an average annual growth rate of 3% since 2018. In 2022, the industry's growth rate reached 3.5%, driven by increased demand for petrochemical products and services. This growth has been fueled by the factors mentioned earlier, such as government initiatives, abundant natural resources, and growing demand for petrochemical products.
Key Trends, Including Technological Disruptions
Technological Innovations
Technological advancements have significantly impacted the petrochemical industry in Thailand. Innovations such as advanced analytics, digitalization, and process optimization technologies have improved operational efficiency, reduced costs, and minimized environmental impacts. As technology continues to evolve, it is expected to play an even more prominent role in shaping the industry's future.
Transition to Circular Economy and Sustainability
The global shift towards a circular economy and sustainable practices is reshaping the petrochemical industry. Thailand has recognized the importance of embracing sustainable development and has implemented policies and initiatives to promote the circular economy, such as the National Strategy on the Circular Economy and the Plastic Waste Management Roadmap. This trend is driving the industry to adopt more sustainable practices and invest in research and development to create innovative, eco-friendly products.
Challenges
Despite its growth and success, the petrochemical industry in Thailand faces several challenges. These include the need to balance the rising demand for petrochemical products with environmental concerns, address price volatility in global markets, and manage the complexities of regulatory compliance. Moreover, the industry must adapt to the rapid pace of technological change and the global shift towards sustainability and circular economy practices.
To overcome these challenges, the industry must continue to invest in innovation, develop strategies to reduce environmental impacts, and collaborate with the government and other stakeholders to promote sustainable development. Embracing technological advancements and investing in research and development for eco-friendly products will be crucial for maintaining a competitive edge in the global market.
Future Outlook
The future outlook for the petrochemical industry in Thailand remains positive, as the factors driving growth—such as government initiatives, abundant natural resources, and increasing demand for petrochemical products—persist. However, the industry must navigate the challenges posed by the global transition towards sustainability and the circular economy. By leveraging ongoing trends, investing in innovation, and fostering collaboration between stakeholders, the petrochemical industry in Thailand has the potential to continue its growth while contributing to a more sustainable future.
Conclusion
In conclusion, the petrochemical industry in Thailand has experienced considerable growth in recent years, driven by government initiatives, abundant natural resources, and increasing demand for petrochemical products. Technological innovations and the global shift towards sustainability and the circular economy have presented both opportunities and challenges for the industry. Although challenges remain, such as balancing demand with environmental concerns and adapting to the global sustainability trend, the industry's future outlook is cautiously optimistic. By leveraging ongoing trends, investing in innovation, and fostering collaboration between stakeholders, the petrochemical industry in Thailand has the potential to continue its growth while contributing to a more sustainable and environmentally conscious future.