{"id":42114,"date":"2025-12-15T04:19:00","date_gmt":"2025-12-15T04:19:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4847204_AE47204_0"},"modified":"2025-12-15T04:19:00","modified_gmt":"2025-12-15T04:19:00","slug":"thai-specialty-oils-leader-targets-vietnams-booming-tire-and-rubber-manufacturing-sector-with-high-performance-process-oil-solutions","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=42114","title":{"rendered":"Thai Specialty Oils Leader Targets Vietnam’s Booming Tire and Rubber Manufacturing Sector with High-Performance Process Oil Solutions"},"content":{"rendered":"
\n

HANOI, Vietnam<\/span><\/span>, Dec. 15, 2025<\/span><\/span> \/PRNewswire\/ — As Vietnam’s<\/span> rubber and plastic products sector surges with 24.9% annual growth in 2024 and tire production exceeding 30 million units annually\u201490% destined for export markets\u2014P.S.P. Specialties Public Company Limited, Thailand’s<\/span> leading specialty oils manufacturer with over 30 years of expertise, is expanding into Vietnam’s<\/span> dynamic manufacturing landscape with specialized process oil solutions. The market entry capitalizes on Vietnam’s<\/span> emergence as the world’s second-largest footwear exporter with USD 22.9 billion<\/span> in exports and the tire industry projected to reach 52 million units by 2033, and the country’s USD 188 million<\/span> industrial rubber market growing at 4.02% CAGR through 2028\u2014creating unprecedented demand for high-performance process oils.<\/p>\n

\n

\"Mr. <\/a>
Mr. Sakesan Krongphanich, Deputy Chief Executive Officer of P.S.P. Specialties Public Company Limited<\/span><\/p>\n<\/p><\/div>\n

Capitalizing on Vietnam’s<\/span> Rubber Manufacturing Leadership
<\/b>Mr. Sakesan Krongphanich, Deputy Chief Executive Officer of P.S.P. Specialties Public Company Limited, emphasized Vietnam’s<\/span> strategic importance. “Vietnam<\/span> has emerged as a dominant force in Southeast Asia’s<\/span> rubber manufacturing sector. The convergence of world-class tire production, leading footwear manufacturing, and expanding industrial applications creates exceptional opportunities for specialized process oil solutions,” said Mr. Sakesan.<\/p>\n

Three Strategic Market Segments
<\/b>Tire Manufacturing: Vietnam’s<\/span> tire manufacturers produce over 30 million units annually, with exports forecast to reach 52 million units by 2033. Major facilities require consistent supplies of aromatic, naphthenic, and TDAE process oils.<\/p>\n

Industrial Rubber: Vietnam’s<\/span> market serves automotive components, construction materials, and electronics manufacturing with growing demand for specialized process oils.<\/p>\n

Footwear Industry: With 2,200 footwear companies producing USD 22.9 billion<\/span> exports in 2024, Vietnam<\/span> serves global brands. Process oils provide flexibility, durability, and surface finish quality demanded internationally.<\/p>\n

Comprehensive Product Portfolio
<\/b>PSP Specialties offers solutions tailored to Vietnamese manufacturing: Aromatic Process Oils deliver compatibility with natural rubber for tire manufacturing. Naphthenic Process Oils provide Low-PAHs<\/b> content meeting EU directives. TDAE represents non-carcinogenic alternatives aligning with Vietnam’s<\/span> Extended Producer Responsibility regulations implemented April 2024<\/span>.<\/p>\n

Competitive Advantages
<\/b>PSP Specialties brings 44 million liters of annual rubber process oil capacity with 45% market share in Thailand<\/span>, leading global and local tire manufacturers. Strategic facilities in Thailand<\/span> and Myanmar<\/span> enable efficient logistics. The company plans to introduce bio-based process oils by mid-2026.<\/p>\n

Supporting Sustainable Manufacturing
<\/b>“Vietnamese manufacturers increasingly face sustainability and environmental requirements from European buyers,” Mr. Sakesan emphasized. “Our Low-PAHs<\/b>, non-carcinogenic process oils meet European Union standards while maintaining superior performance.”<\/p>\n

“PSP Specialties is committed to becoming a trusted partner for Vietnam’s<\/span> rubber manufacturing industry,” Mr. Sakesan concluded. “We provide technical consultation that enables manufacturers to optimize production efficiency and meet international standards.” <\/p>\n

About P.S.P. Specialties Public Company Limited
<\/b>P.S.P. Specialties Public Company Limited (PSP), listed on the Stock Exchange of Thailand<\/span>, is a leading specialty oils manufacturer with over 30 years of experience and more than 300 specialized formulations serving industrial applications worldwide. For more information:<\/b> https:\/\/specialtyoils.psp.co.th<\/a><\/p>\n<\/p><\/div>\n

Source: P.S.P. Specialties (PSP)<\/p>\n","protected":false},"excerpt":{"rendered":"

HANOI, Vietnam, Dec. 15, 2025 \/PRNewswire\/ — As Vietnam’s rubber and plastic products sector surges with 24.9% annual growth in 2024 and tire production exceeding 30 million units annually\u201490% destined for export markets\u2014P.S.P. Specialties Public Company Limited, Thailand’s leading specialty oils manufacturer with over 30 years of expertise, is expanding into Vietnam’s dynamic manufacturing landscape […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-42114","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\nThai Specialty Oils Leader Targets Vietnam's Booming Tire and Rubber Manufacturing Sector with High-Performance Process Oil Solutions - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=42114\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thai Specialty Oils Leader Targets Vietnam's Booming Tire and Rubber Manufacturing Sector with High-Performance Process Oil Solutions - My Blog\" \/>\n<meta property=\"og:description\" content=\"HANOI, Vietnam, Dec. 15, 2025 \/PRNewswire\/ — As Vietnam’s rubber and plastic products sector surges with 24.9% annual growth in 2024 and tire production exceeding 30 million units annually\u201490% destined for export markets\u2014P.S.P. 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