Market Size of indonesia architectural coatings Industry
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Study Period | 2016 - 2028 |
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Market Size (2024) | USD 1.67 Billion |
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Market Size (2028) | USD 1.91 Billion |
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Largest Share by Sub End User | Residential |
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CAGR (2024 - 2028) | 3.41 % |
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Fastest Growing by Sub End User | Commercial |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Indonesia Architectural Coatings Market Analysis
The Indonesia Architectural Coatings Market size is estimated at USD 1.67 billion in 2024, and is expected to reach USD 1.91 billion by 2028, growing at a CAGR of 3.41% during the forecast period (2024-2028).
- Largest Segment by End-user - Residential : The residential sector dominated the market due to the continuous efforts by the government to build houses to accompany the fast growing population in the country
- Largest Segment by Technology - Waterborne : The waterborne coatings has slightly dominated the segment due to the awareness for VOC emissions, however lack of government regulations still hinders the market.
- Largest Segment by Resin - Acrylic : The acrylic coating has dominated the architectural coating consumption as the country has its houses coated with acrylic coating on the outer surface of the houses.
This section covers the major market trends shaping the Indonesia Architectural Coatings Market according to our research experts:
Residential is the largest segment by Sub End User.
- The architectural coating consumption in Indonesia dipped in 2016 and 2017 due to the affected sales and new launches. Furthermore, The Indonesian property sector experienced a slowdown in 2016 as prospective buyers, especially in the premium segment, delayed their purchase to wait for the tax amnesty realisation, therefore leading to the less circulation of money in the sector.
- The consumption recovered quickly and peaked in 2018 due to the higher addition of floor area in the residential sector as the country met its target for the construction of 1 million homes, with 1.13m built in 2018 as part of efforts to reduce the country’s housing backlog. The slow growth in the architectural coating consumption was observed in 2019 followed by a decline in 2020 due to lower new constructions in both residential cand commercial sector owing to the spread of covid-19 in the country and partial lockdown of 50 days across the country.
- The increase in consumption and sales is expected to grow at a significant rate in 2022 and the forecasted period due to the rising population in the country and positive investment in the rapid growing construction sector. According to the world population review, Indonesia currently grows by about 2.73 million people per year.
Indonesia Architectural Coatings Industry Segmentation
Commercial, Residential are covered as segments by Sub End User. Solventborne, Waterborne are covered as segments by Technology. Acrylic, Alkyd, Epoxy, Polyester, Polyurethane are covered as segments by Resin.
| Sub End User | |
| Commercial | |
| Residential |
| Technology | |
| Solventborne | |
| Waterborne |
| Resin | |
| Acrylic | |
| Alkyd | |
| Epoxy | |
| Polyester | |
| Polyurethane | |
| Other Resin Types |
Indonesia Architectural Coatings Market Size Summary
The Indonesia Architectural Coatings Market is experiencing a steady growth trajectory, driven by the burgeoning residential sector. This growth is largely attributed to government initiatives aimed at addressing the housing needs of the rapidly expanding population. The market is characterized by a significant preference for waterborne technology, primarily due to increasing awareness of VOC emissions, although the absence of stringent government regulations poses challenges. Acrylic resins dominate the market, reflecting the common practice of using acrylic coatings for exterior house surfaces. The market has shown resilience, recovering from past downturns caused by economic factors and the impact of the COVID-19 pandemic, which temporarily slowed construction activities. The anticipated growth in the coming years is supported by positive trends in the construction sector and a rising population.
The market landscape in Indonesia is fragmented, with a few key players holding a modest share. Companies such as AkzoNobel N.V., Asian Paints, Jotun, Nippon Paint Holdings Co., Ltd., and TOA Paint Public Company Limited are prominent in the industry. These companies continue to innovate and expand their product offerings, as evidenced by recent launches and programs aimed at enhancing customer satisfaction and product reliability. The market's growth potential is further bolstered by ongoing investments in infrastructure and housing, positioning Indonesia as a dynamic market for architectural coatings in the Asia-Pacific region.
Indonesia Architectural Coatings Market Size - Table of Contents
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1. MARKET SEGMENTATION
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1.1 Sub End User
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1.1.1 Commercial
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1.1.2 Residential
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1.2 Technology
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1.2.1 Solventborne
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1.2.2 Waterborne
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1.3 Resin
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1.3.1 Acrylic
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1.3.2 Alkyd
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1.3.3 Epoxy
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1.3.4 Polyester
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1.3.5 Polyurethane
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1.3.6 Other Resin Types
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Indonesia Architectural Coatings Market Size FAQs
How big is the Indonesia Architectural Coatings Market?
The Indonesia Architectural Coatings Market size is expected to reach USD 1.67 billion in 2024 and grow at a CAGR of 3.41% to reach USD 1.91 billion by 2028.
What is the current Indonesia Architectural Coatings Market size?
In 2024, the Indonesia Architectural Coatings Market size is expected to reach USD 1.67 billion.
