Thailand’s investment agency records 35 advanced-materials applications worth US$690m, 2023–H1 2026
Board of Investment filings span capacitors, graphite films, battery materials and magnets, pointing to planned upstream supplier investment for electronics and clean energy.
Thailand’s Board of Investment (BOI) says companies filed 35 advanced-materials projects worth about 23.5 billion baht, or US$690 million, from 2023 through the first half of 2026. The applications cover components used in electronics, electric vehicles, batteries and clean-energy equipment.
The categories range from multilayer ceramic capacitors and thermal graphite films to high-performance ceramics, battery and fuel-cell materials, neodymium magnets, and glass and quartz fabrics used in printed circuit boards. BOI links that mix to growing demand from AI servers, electric vehicles and clean-energy systems. It says the applications indicate a move toward upstream materials production in an economy already known for downstream manufacturing and assembly. BOI says a high-end AI server can use up to 30,000 multilayer ceramic capacitors, illustrating the scale of demand for one listed material category.
The agency names companies and products behind part of the picture. Taiwan’s Fultech Fiber Glass makes glass fabrics for printed circuit boards, including grades used in AI servers. Jones Tech produces graphite films that disperse heat from electronic devices. BGN Thai’s plans cover coated foils for lithium-ion batteries, while Phinis Well is associated with neodymium magnets for EV motors. Xinyuan Graphite’s products include bipolar plates for hydrogen fuel cells.
Other examples show the breadth of the applications. CoorsTek Advanced Materials has invested in ceramics for automotive pressure sensors and silicon-nitride balls used in hybrid bearings. Golden Egret Cemented Carbide makes tungsten-carbide powders for precision cutting tools. BOI also points to Thailand’s existing component base, including operations by Murata Electronics and Kyocera AVX Components.
For regional electronics and clean-energy manufacturers, the filings identify material categories and suppliers to track as Thailand builds its upstream base. BOI secretary general Narit Therdsteerasukdi said domestic advanced-materials production could reduce reliance on imports and help Thai firms enter higher-value supply chains. The 35-project figure is an applications tally, so specific operating capacity and sourcing options depend on each project’s subsequent execution.
Source: Thailand Board of Investment issuer release, EQS News / Media OutReach Newswire, 24 October 2026.
