INDONESIA PAINTS & COATINGS MARKET FORECAST 2021-2025

INDONESIA PAINTS & COATINGS MARKET FORECAST 2021-2025

  • November 2020 •
  • 112 pages •
  • Report ID: 5989662 •
  • Format: PDF
KEY FINDINGS
The Indonesia paints & coatings market is evaluated to record a CAGR of 8.16%, over the forecast period. The country’s key market growth drivers include, the rapid rates of urbanization, the rising population, the augmenting construction sector, and the surging middle class. The base year considered for the market study is 2020, and the forecast years are from 2021 to 2025.

MARKET INSIGHTS
Presently, Indonesia is the second-largest automotive manufacturer across the ASEAN region, following Thailand.Although the country’s automotive sector observed an adverse year in 2019, due to which vehicle production decreased by 4%, Indonesia’s government is anticipating a growing trend for domestically manufactured car exports.

This is primarily attributed to the implementation of the ASEAN Economic Community (AEC), which esteems the ASEAN region as a single market and production area.The important export markets for Indonesia, include, Malaysia, Japan, the Philippines, Saudi Arabia, and Thailand.

Moreover, the nationally produced cars, already present in the exported list comprise, Toyota’s Fortuner and Avanza, the Honda Freed, and the Nissan Grand Livina.
Conversely, marine and protective coatings are projected to observe considerable demand, since Indonesia’s market has a vast potential for marine coatings.Besides, with a coastline of over 54,400 kilometers, integrated with the opportunity to build a thriving shipping industry, the sub-segment is likely to witness intense competition, over the upcoming yeras.

Hence, these factors are set to drive the country’s paints & coatings market growth during the forecast period.

COMPETITIVE INSIGHTS
Some of the distinguished companies operating in the country’s market include, Welda Paint Indonesia, PT Propan Paya ICC, PT Kansai Paint Indonesia, Boxer Paint, Akzonobel Indonesia, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. INDACO
2. WELDA PAINT INDONESIA
3. BOXER PAINT
4. PT PROPAN RAYA ICC
5. AKZONOBEL INDONESIA
6. PT KANSAI PAINT INDONESIA