Jorakay sees steady growth despite housing slowdownListen to this articleJirat: More spending on renovationJorakay Corporation, a manufacturer of tile adhesives, grouting products and construction chemicals, expects to achieve 10% growth this year despite a property market slowdown, supported by continued strength in second-hand housing. "The second-hand housing market comes with increased spending on renovation, whether it is retiling floors or refurbishing bathrooms," he said. "This continues to support demand for our products even as the new housing market contracts." Although transfers in both segments declined year-on-year, new units recorded a steeper drop of 14.9%, while second-hand units fell by a more modest 6.1%. Last year, Jorakay held a market share of more than 55% in Thailand's tile adhesive and grouting materials segment, underscoring its leadership in the construction chemicals market.

Source: Bangkok Post January 27, 2026 00:06 UTC