Presented by Dr. Supatchaya Konsomboom, Senior Analyst of Petroleum Institute of Thailand, on June 29, 2022

1. Thailand’s Advanced Performance
Materials & Polymers Trends
and Investment Opportunities
Supatchaya Konsomboon, PhD
Senior Analyst
Petroleum Institute of Thailand
29 June 2022

2. Contents
1
▪ Introduction to Petroleum Institute of Thailand
▪ Global trends of advanced performance materials & polymers
▪ Overview of advanced performance materials & polymers in Thailand
▪ Application areas & potential products for investment in Thailand

3. Contents
2
▪ Introduction to Petroleum Institute of Thailand
▪ Global trends of advanced performance materials & polymers
▪ Overview of advanced performance materials & polymers in Thailand
▪ Application areas & potential products for investment in Thailand

4. Introduction to Petroleum Institute of Thailand (PTIT)
A neutral, independent, not-for-profit petroleum, petrochemical & energy institute
Missions
• To foster better understanding of petroleum, petrochemical, energy and related industries in Thailand
• To ensure sustainable development and competitiveness of the industries & country
PTIT’s Core Services
3

5. Study
BOI information
Submit
(online)
application
Project
presentation
Project
evaluation
and
consideration
Promotion
acceptance
Promotion
certificate application
Issue
certification
Investors
BOI
Notify
resolution
1
PTIT
(within 10 working days
from submission date)
(BOI will send within 7
working days from
certifying date)
(Investors accept
resolution within
1 month)
(Investors submit promotion
certificate application form
within 6 months )
(BOI issues certificate
within 10 working days)
BOI consideration
(Specialty product consideration
within 1 month)
< 200 40 working days
200-2,000 60 working days
> 2,000 90 working days
Investment value
(million baht)
Duration
PTIT Supports BOI in Petrochemicals Investment Promotion Consideration
2 3 4 5 6 7 8
4

6. Contents
5
▪ Introduction to Petroleum Institute of Thailand
▪ Global trends of advanced performance materials & polymers
▪ Overview of advanced performance materials & polymers in Thailand
▪ Application areas & potential products for investment in Thailand

7. Plastics and Polymers Type
6
High-
performance
plastics
Plastics that can be used in extreme environment,
including
▪ very high to low temperatures (cryogenic)
▪ high pressure
▪ high speed
Commodity
plastics
Plastics that are used in high volume and in a wide
range of applications
Source: onlineplastics.com
Temperature
(C)

8. World’s Polymers Consumption Ranking by End-use Industry
Packaging
Fiber & Textile
E&E Appliances
Construction
Agriculture
Automotive
Houseware
Medical device
Others* 45
3
4
25
26
39
59
77
131
Unit: million tons
6 industries constitute 87% of
total world consumption
*Others incl. defense industries
**Home & personal care: mostly surfactants (800 ktons in 2018), not polymer for petrochemical product screening
Source: Market data, Interview & PTIT analysis
World’s polymers consumption ranking by end-use industry in 2018
7

9. Global Trends of Advanced Performance Materials & Polymers
Food Packaging
Convenience
▪ One-portion food packaging
▪ Ready-to-eat food packaging
▪ Extend shelf-life products
Less is more
▪ Minimalist packaging design
▪ Downgauging packaging
Greener packaging
▪ Packaging with low impact on the environment
Transparency and clear labels
▪ More requirement of product information on packages especially
for food
▪ Food packages can be scanned using smartphone for information of
products and package details
Biodegradable
Bio-based
Thinner &
stronger
Use of
recycled
materials
More
recyclable
Biodegradable
Rapid print,
printing for
electronic
tagging
Less use of
solvent-based
inks
Materials must be easily separable and recyclable
(e.g. mono-layer film packaging)
8
Source: Euromonitor study, Ronchi Packaging, Global Change, Market Data, PTIT Analysis

10. Global Trends of Advanced Performance Materials & Polymers
Fiber and Textile
Rising of population growth
▪ Increase demand for the fiber
▪ Fast fashion products keep expanding
▪ Key success factors are competitive raw materials and low-cost labor
Recycled material for sustainability
▪ Using recycled fiber, for non-critical applications, can slow the demand
growth of raw materials
▪ Green textile is being focused in many countries. Some innovations are
making clothing out of used coffee grounds or algae
Technology and innovation
▪ New innovations i.e. nano-fabric for sportswear, or anti-bacterial textiles
for health and wellness application are becoming used and developing
▪ 3D-printed clothing for uniqueness trends
Biodegradable
Nano-fabric
e.g.
sportswear
Anti-bacteria
textiles
Recyclable
fiber
Functional (e.g. anti-bacterial, conductive fiber) and
environment-friendly materials
9
Source: Euromonitor study, Ronchi Packaging, Global Change, Market Data, PTIT Analysis
Conductive
fiber with
carbon
nanotube
More
alternative
fibers e.g.
chitin fiber,
corn fiber

11. Global Trends of Advanced Performance Materials & Polymers
Construction
Construction for urbanization
▪ High rise building is preferred for young residents
▪ Convenient building for older people
▪ Demands for more efficient and convenient public and private services
▪ Infrastructure for expanding urbanization
Advanced technology and design
▪ Technologies to produce new light and robust construction materials
▪ Technologies for green and nontoxic materials for residences and workplaces
▪ Advanced technologies support construction work (e.g. survey data with high
accuracy, design with lighter materials, construction with speed, etc.)
Green buildings
▪ Improving energy efficiency through controlling systems
▪ Eco-friendly materials
▪ Low heat impact
Modular and prefabricated construction
▪ Need for economic, safe and convenient homes, workplaces, factories,
commercial areas and infrastructure in the shortest construction time
▪ Modular construction market grows at 6.9% per year from 112.4 to 157 billion
USD by 2023
Biodegradable
Aerographite
3D-printed
graphene
Self-heating
concrete
Materials with high strength, possibly recycled materials,
friendly to environment and health
Super-waterproof
materials
Air-cleaning
paint/ concrete
(e.g. with
nanoscale TiO2)
10
Source: Trentglobal, Immel Construction, Sasin Management Consulting, InterFocus, BigRentz, ProCore, Market Data, PTIT Analysis

12. Global Trends of Advanced Performance Materials & Polymers
Electronics & Electrical Appliances
Urbanization in emerging countries
▪ Urbanization requires higher-end E&E products
Convenience and ease of use
▪ Rapid innovation shortening product life cycles
Mobility and digitization
▪ Smart city trends and smart products require mobility and connectivity to
each other
▪ Portable electronic devices
Green society
▪ Need environment-friendly value chains
Biodegradable
More plastics
replacing
metals
Biobased plastics
Materials with high strength possibly recycled materials,
friendly to environment and health
Flame
retardant
polymers
(e.g. nylon, PBT)
Recycled
plastics
Modified
engineering
plastics
Smart
mold design
for modified materials
and complicated
parts
11
Source: KBank, Electrical and Electronics Institute, Electroluxgroup, Haafo-mould, Market Data, PTIT Analysis

13. Global trends of advanced Performance Materials & Polymers
Automotive
Electrified vehicles
▪ Advanced strong lightweight materials with specific functional properties
▪ Energy storage/batteries with sufficient capacity and efficiency
▪ Suitable lubricants
Autonomous – driverless cars
▪ Need excellent sensor, and processing solutions
Traffic connectivity
▪ Expanding communication network (5G)
▪ Installation of communication equipment for connectivity
Shared mobility
▪ Vehicle sales will grow at about 2% per year
▪ New business models for shared mobility
▪ Saving on individual transportation infrastructure while increasing
attraction for mass transit requiring robust materials
Biodegradable
3D-
printed
plastics
Plastic–
metal
hybrid
Optimized
steel
design
Graphene
Carbon
nanotube
Carbon
fiber
Fiber
reinforced
plastics
Bio-
based
reinforce
ment
Biopolymer
Need for lightweight, high impact strength,
and high ductility
12
Source: IEA, IAA, Emerj Artificial Intelligence Research, PWC, McKinsey, PlasticsleMag, Aalen University, Market Data, PTIT Analysis
Compounds
e.g. PBT, PP
compound

14. Contents
13
▪ Introduction to Petroleum Institute of Thailand
▪ Global trends of advanced performance materials & polymers
▪ Overview of advanced performance materials & polymers in Thailand
▪ Application areas & potential products for investment in Thailand

15. Thailand’s Polymers Consumption by End-use Industry
14
Thailand’s polymers consumption by end-use industry (2016-2020)
Packaging industry dominated the end-use market in Thailand and the trend continues !!!
Source: Plastics Institute of Thailand, PTIT analysis
5,682
5,167 5,276
5,534
4,968
+ 2.1%
+ 4.9% - 10.2% Unit: KTA
44% 44% 42% 41% 41%
15% 16%
16% 15% 16%
15% 13% 14% 16% 15%
7% 7% 7% 7% 6%
4% 4% 4% 3% 3%
12% 13% 14% 14% 14%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2016 2017 2018 2019 2020
Packaing E & E appliances Construction Automotive Housewares Agriculture Medical devices Others
+ 14.4%

16. Overview of Polymers in Thailand
15
8,069
8,338
8,721
8,818
8,756
7,600
7,800
8,000
8,200
8,400
8,600
8,800
9,000
2016 2017 2018 2019 2020
KTA
Thailand’s polymers production (2016-2020) Thailand’s polymers consumption in 2020
Thailand’s polymers import in 2020 Thailand’s polymers export in 2020
Source: Plastics Institute of Thailand
Total
5,218 KTA
(-10.4 YoY)
(-6.7 YoY)

17. Value Creation Along Thailand’s Plastic Supply Chain in 2020
• 1,094,136 MB
• 6.8 % of Thailand GDP
• 248,677 MB (-11.2%)
RESIN EXPORT
• 247,145 MB (-13.0%)
• 5,388 KTA (-6.7%)
RESIN IMPORT
• 120,900 MB (-10.4%)
• 1,911 KTA (-9.9%)
• 355,482 MB (+0.2%)
• 9,160 KTA (+0.1%)
• 229,237 MB (-1.5%)
• 5,683 KTA (+3.4%)
• 898,442 MB (-0.6%)
• 197,226 MB (-8.8%)
• 846,991 MB (+0.9%)
• 5,683 KTA (+3.4%)
PLASTICS
PRODUCT IMPORT
DOMESTIC RESIN
CONSUMPTION
DOMESTIC RESIN
PRODUCTION
CONVERTED TO
PLASTICS PRODUCTS
THAILAND PLASTIC
INDUSTRY VALUES
DOMESTIC PLASTICS
PRODUCT CONSUMPTION
PLASTICS
PRODUCT EXPORT
Source: Thai Customs, data compiled by Plastics Intelligent Center, Plastics Institute of Thailand 16
Note: MB = million baht, KTA = thousand tons/annum

18. Thailand’s Plastics Conversion Value in 2020
VOLUME : 5,682.6 KTA +3.4% YoY
CONVERTED TO
PLASTIC PRODUCTS
VALUE : 846,991.2 MB +0.9% YoY
MEDICAL DEVICES
• 67,970.1 MB (8.0%) +11.9% YoY
• 109.7 KTA (1.9%) +33.7% YoY
5
PACKAGING
• 206,237.3 MB (24.3%) +4.5% YoY
• 2,300.7 KTA (41.1%) +2.6% YoY
1
E&E APPLIANCES
• 204,449.4 MB (24.1%) +0.3% YoY
• 929.4 KTA (16.4%) +4.9% YoY
2
CONSTRUCTION
• 92,873.1 MB (11.0%) -0.1% YoY
• 872.2 KTA (15.3%) +1.3% YoY
3
AUTO-PART
• 79,870.8 MB (9.4%) -12.8% YoY
• 313.2 KTA (5.5%) -11.7% YoY
4
SAFETY & SECURITY
• 53,088.6 MB (6.3%) -5.4% YoY
• 156.6 KTA (2.8%) -3.8% YoY
6
7 FOOTWEARS
• 43,592.7 MB (5.8%) -10.5% YoY
• 104.1 KTA (1.8%) -3.5% YoY
HOUSEWARES
• 25,818.2 MB (3.0%) +5.4% YoY
• 187.7 KTA (3.3%) +8.9% YoY
9
AGRICULTURE
• 16,558.6 MB (2.0%) -5.3% YoY
• 163.3 KTA (2.9%) -3.6% YoY
11
10 FILAMENT (NON-TEXTILE)
• 18,216.2 MB (2.2%) +17.1% YoY
• 325.3 KTA (5.7%) +17.1% YoY
RECREATION & LEISURE
• 27,185.9 MB (3.2%) +36.2% YoY
• 133.5 KTA (2.4%) +43.2% YoY
8
OTHERS
• 15,514.7 MB (1.8%) -2.7% YoY
• 86.5 KTA (1.5%) +0.9% YoY
12
17
Source: Thai Customs, data compiled by Plastics Intelligent Center, Plastics Institute of Thailand
Note: MB = million baht, KTA = thousand tons/annum

19. Contents
18
▪ Introduction to Petroleum Institute of Thailand
▪ Global trends of advanced performance materials & polymers
▪ Overview of advanced performance materials & polymers in Thailand
▪ Application areas & potential products for investment in Thailand

20. Opportunities in the Thai Plastics Industry
19
Next-
generation
automotive
Intelligence
electronics
High value &
medical
tourism
Advanced
agriculture &
biotechnology
Food for
the future
Automation
& robotic
Medical &
comprehensive
healthcare
Aviation &
logistics
Biofuels &
biochemicals
Digital
First S-curve >> Value added
New S-curve >> Value shifted
Defense
Education &
human resource
development
New Growth Engine to Promote “Thailand 4.0”
12 TARGETED INDUSTRIES
BCG Model
Economic Model for Sustainable Development
The BCG model will be based on
Food & agriculture Medical & wellness Bioenergy, Biomaterials,
& biochemicals
Tourism & creative
economy
+ Biodiversity & cultural diversity
Rising use of
bioplastics
Booming of
automotive
industry
World kitchen &
tourism promote
plastics use
Circular economy

21. Potential Products for Investment in Thailand
20
Semi-specialty Specialty Bio-based
Auxiliary
Petrochemicals
High-Value
Chemicals:
Anionic
surfactant
90 KTA
Auxiliary
Biodiesel
1.0
mil liters/day
Rubber Tires
7 mil tires/yr
Bio-based
HDPE
High Density
Polyethylene
500 KTA
PP
Polypropylene
450 KTA
LDPE
Low-density
Polyethylene
300 KTA
EVA
Ethylene Vinyl
Acetate
200 KTA
LLDPE
Linear Low-
density
Polyethylene
400 KTA
POLYOL
100 KTA
SBC
Styrenic Block
Copolymers
50 KTA
POM
Polyacetol
20 KTA
PVB
Polyvinyl
Butyral
45 KTA
SAP
Superabsor-
bent Polymer
80 KTA
TPU
Thermoplastic
Polyurethane
20 KTA
TPO + TPV
Thermoplastic
Olefin +
Vulcanizate
50 KTA
EPOXY
50 KTA
MMA
Methyl
Methacrylate
100 KTA
LCP
Liquid Crystal
Polymer
5 KTA
Carbon Fiber
0.5 KTA
PSU/PESU/
PPSU
Polysulfone
2 KTA
PEEK
Polyether Ether
Ketone
1 KTA
PPS
Polyphenylene
Sulfide
3 KTA
High-Value
Chemicals:
Polysilicon
5 KTA
Additives:
Flame
retardant
18 KTA
Catalysts:
Polyolefins
Cat.
2.7 KTA
Bio-THF
Bio-
tetrahydrofuran
5 KTA
Bio-PU
Adhesive
20 KTA
BDO
Butanediol
50 KTA
LA
Lactic acid
110 KTA
PLA
Polylactic acid
75 KTA
BSA
Biosuccinic
acid
65 KTA
Ethanol
2.25 mil
liters/day
• Global mega trends &
12 S-curves
• Feedstock analysis
• Economic screening (IRR/ROI)
▪ Commodity : 8.1% – 17.7%
▪ Semi-specialty: 8.4% – 17.1%
▪ Specialty : 13.6% – 18.6%
• Competitiveness analysis
• Market growth & market value
• Economic screening
(ROI 12.3% - 31.2%)
• Feedstock
• Global demand & growth
• Application trends
• Economic screening
(ROI 18.0% - 25.0%)
• Availability of domestic raw
materials
• Domestic industries
Selection criteria
EEC
SEC
Products selected under the “4th Wave of Petrochemical Industry Development in the Eastern Seaboard and Other
Potential Areas for Future Economic Development”
Source: PTIT Analysis Commodity

22. Thailand’s Bioplastics Industry
21
Bio-based
Fossil-based
Non-biodegradable
Conventional plastics
• Bio-PE
• Bio-PET
• Bio-PA
• Bio-PP
• PLA
• PHA
• TPS/ Starch blends
• PBS*
• PBAT*
• PBS*
• PBAT*
• PCL
• PGA
Biodegradable
Bio-PE
10%
Bio-PA
9%
Bio-PET
6%
Others
8%
Others
5%
Starch
blends
17%
PHA
2%
PLA
19%
PBS
4%
PBAT
20%
High potential biodegradable plastics
Bio-based non-biodegradable plastics
Biodegradable plastics (either bio-based or fossil-based)
* PBS and PBAT are biodegradable
plastics. Although currently PBS and
PBAT are mostly produced from
fossil-based, there is rising tendency
to use bio-based precursors (at least
80% for PBS (currently 0%-50%) and
50% for PBAT).
World’s bioplastics production in 2021
Total: 2,420 ktons
Source: European bioplastics, Plastics Insight, Nova Institute, Market Data, Interview, PTIT Analysis

23. Thailand’s Bioplastics Industry
22
Lactic acid
145,000 tpa
Lactide
75,000 tpa
PLA
75,000 tpa
BDO
45,000 tpa
BSA
34,000
tpa
PBS
20,000 tpa
Compound &
converter
2,500 tpa
Feedstock Production
(Million tons)
World ranking in
production
Cassava 28.9 2nd
Sugar 13 4th
Agriculture feedstock (2019)
Thailand’s bio-based products (2019)
Polybutylene succinate (PBS)
20,000 tons/year (COD 2017)
Applications
Thailand’s bioplastic producers
Polylactic acid (PLA)
75,000 tons/year (COD 2011) 75,000 tons/year (will start up in 2024)
Automotive
For interior & under-
the-hood parts
Consumer goods
Sunglasses, service
ware, toys
Consumer
electronics
Injection molded
casing & housings
Packaging &
disposable
Yoghurt pots,
coffee cups &l ids,
disposable service
ware
Building &
construction
Foam for insulation, fiber
for carpets & furnishings
Sportswear & goods
Fibers for apparel, foam for
surfboards & helmets,
molded parts for equipment
Applications
Source: Office of Agricultural Economics, BOI, PTIT analysis

24. Thank you
for your kind
attention
Petroleum Institute of Thailand
11th Floor, Energy Complex Building B
555/2 Vibhavadi Road, Chatuchak
Chatuchak, Bangkok 10900
Email: supatchaya.k@ptit.org