Indonesia Architectural Coatings Market Size

The Indonesia Architectural Coatings Market is projected to experience growth over the forecast period, driven by the residential sector, which is the largest segment due to government initiatives to accommodate the rapidly increasing population. The market's expansion is also influenced by the dominance of waterborne technology, although the lack of stringent government regulations poses challenges. Additionally, acrylic resin leads in consumption, particularly for exterior house coatings.

Market Size of indonesia architectural coatings Industry

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Indonesia Architectural Coatings Market
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2028
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.67 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2028) USD 1.91 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub End User Residential
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2028) 3.41 %
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Sub End User Commercial

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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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.
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.

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 Market

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
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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.

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Indonesia Architectural Coatings Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION

    1. 1.1 Sub End User

      1. 1.1.1 Commercial

      2. 1.1.2 Residential

    2. 1.2 Technology

      1. 1.2.1 Solventborne

      2. 1.2.2 Waterborne

    3. 1.3 Resin

      1. 1.3.1 Acrylic

      2. 1.3.2 Alkyd

      3. 1.3.3 Epoxy

      4. 1.3.4 Polyester

      5. 1.3.5 Polyurethane

      6. 1.3.6 Other Resin Types

Indonesia Architectural Coatings Market Size FAQs

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.

In 2024, the Indonesia Architectural Coatings Market size is expected to reach USD 1.67 billion.

Indonesia Architectural Coatings Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028