Indonesia Architectural Coatings Market Trends

Statistics for the 2023 & 2024 Indonesia Architectural Coatings market trends, created by Mordor Intelligence™ Industry Reports. Indonesia Architectural Coatings trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of indonesia architectural coatings Industry

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 : Residential is the largest segment by Sub End User.

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