Chemical & Petrochemical

SEA's #2 chemical market ~USD 50-60B; PTTGC, IRPC, IVL, SCG, VNT; Map Ta Phut cluster anchor; cycle, CBAM exposure

Last updated: Live coverage

Reports in this sector

1

Market profiles

1

Cited sources

15

Primary-grade share

93%

Key statistics

Public reference figures, each linked to source-level context.

FY2020-FY2024
~THB 1.6T (2024)

Thai chemical and petrochemical sector revenue (2020-2024)

FTI Petrochemical Industry Club, NESDC National Accounts, PTTGC/IRPC/IVL/SCGC annual reports

FY2020-FY2024
~THB 614B (2024)

PTT Global Chemical (PTTGC) revenue (2020-2024)

PTTGC, SET annual filings, Allnex acquisition disclosures

FY2020-FY2024
~USD 950M (2024)

Indorama Ventures (IVL) EBITDA (2020-2024)

Indorama Ventures, IVL quarterly earnings releases, Bloomberg Intelligence chemicals coverage

2020-2024 weighted average
~78% (2024)

Thai ethylene cracker capacity utilisation (2020-2024)

S&P Global Chemicals / IHS Markit, PTTGC and SCGC quarterly operating reports, Petrochemicals Asia

2025-2028 horizon
~15-20 Mt/yr at risk

China ethylene capacity at structural closure risk

S&P Global Chemicals, IHS Markit Olefins Outlook, PTTGC FY2024 investor presentation, SCGC FY2024 deck

2024 baseline, 2027-2028 phased risk
~USD 200-350M/yr exposed

EU CBAM Phase 2 Thai polymer exposure

European Commission CBAM regulation EU 2023/956, Thai Customs export statistics, IVL/PTTGC/SCGC investor disclosures, FTI Petrochemical Industry Club

FY2024 estimated annualised drag
~THB 10-15B annualised loss

SCGC Long Son Petrochemicals (LSP) Vietnam operating loss

SCG, SCGC investor presentation, Bangkok Post petrochemical coverage

2030 milestone targets, 2050 net-zero anchors
PTTGC: net-zero 2050 / IVL: 100% rPET feasibility

Thai petrochemical bio-based and net-zero targets

PTTGC Sustainability Report, SCGC Climate Strategy disclosure, Indorama Ventures rPET commitments, Thai government COP26 commitments

Market profiles in this sector

1 free profile tied to reports, filings, regulations, and source-backed context.

Browse Market Atlas β†’

Available reports

Thailand Chemical & Petrochemical Market Intelligence

SEA's #2 chemical market; PTTGC, IRPC, IVL, SCG Chemicals. Map Ta Phut complex anchor; USD 50-60B revenue; olefins, aromatics, polymers cyclical cycle.

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