ASEAN Coatings Market Snapshot 

ASEAN Coatings Market Snapshot 

  • January 2016 •
  • 47 pages •
  • Report ID: 3567501 •
  • Format: PDF
ASEAN Coatings Market Snapshot : Demand will Continue to be Positive

The coatings market has many segments such as decorative coatings, automotive OEM coatings, protective coatings, can coatings, and so on. This market insight covers the ASEAN region comprising Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The study provides a glimpse of the dynamics in the coatings market, key segments in each country as well as the technology trends in ASEAN. Quantitative and qualitative analyses were completed through primary interviews with key industry participants and secondary research from top quality journals, articles, and other databases.

Key Findings

Southeast Asia’s (ASEAN-6) economy is poised for a growth rebound, which will drive the demand for coatings.
- Rising urbanization in ASEAN-6 is expected to drive housing and infrastructure needs, especially in Indonesia and Vietnam.
- As a result of housing and urban infrastructure development in ASEAN-6, construction and infrastructure spending are expected to increase.
- Indonesia, Vietnam, and the Philippines have the largest population and also host a fast-growing middle class population which is expected to drive the consumption of coatings.
- Increasing environmental awareness and implementation of environmental regulations is expected to stimulate the demand for environment-friendly coatings.