Market Size of indonesia flooring resins Industry
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 99.11 Million |
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Market Size (2030) | USD 148.87 Million |
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Largest Share by End Use Sector | Industrial and Institutional |
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CAGR (2024 - 2030) | 7.02 % |
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Fastest Growing by End Use Sector | Commercial |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Indonesia Flooring Resins Market Analysis
The Indonesia Flooring Resins Market size is estimated at 99.11 million USD in 2024, and is expected to reach 148.87 million USD by 2030, growing at a CAGR of 7.02% during the forecast period (2024-2030).
99.11 Million
Market Size in 2024 (USD)
148.87 Million
Market Size in 2030 (USD)
1.94 %
CAGR (2018-2023)
7.02 %
CAGR (2024-2030)
Largest Market by Sub Product
56.68 %
value share, Epoxy, 2023
The epoxy segment holds the largest share due to its widespread use in commercial and industrial flooring for various applications in offices, restaurants, hotels, the tool industry, etc.
Fastest Market by Sub Product
7.17 %
Projected CAGR, Epoxy, 2024-2030
With the fast-paced increase in new floor areas, especially from the residential and commercial sectors, coupled with rising applications in the industrial sector, epoxy resin is expected to witness the fastest growth.
Largest Market by End Use Sector
85.21 %
value share, Industrial and Institutional, 2023
The sector occupied the largest market share due to the increasing consumption of flooring resins due to their high resistance properties to oil, water, and lubricants from the chemical, pharmaceutical, food industries, etc.
Fastest Market by End Use Sector
7.41 %
Projected CAGR, Commercial, 2024-2030
Growing demand for durable flooring in malls and multi-story warehouses coupled with the country's rising commercial spaces are expected to drive the demand in the sector during the forecast period.
Leading Company
36.38 %
market share, Avian Brands, 2022
Avian Brands is the country's leading flooring resin manufacturer due to the popularity of its products and strong distribution channels.
The rise in demand for retail space is likely to drive the demand for flooring resins
- In 2022, Indonesia witnessed a 5.10% surge in the consumption value of flooring resins, primarily fueled by robust demand from the industrial and institutional as well as commercial construction sectors. Looking ahead to 2023, Indonesia's flooring resins are expected to capture around 2.6% of the broader Asia-Pacific market for such resins.
- The industrial and institutional sector emerged as the largest consumer of flooring resins in Indonesia, accounting for a dominant 85.34% share in 2022. The sector's projected new floor area is set to escalate from 420 million square feet in 2023 to 633 million square feet by 2030, propelled by heightened investments in industrial and healthcare construction. Riding on the waves of urbanization and industrialization, the country's flooring resins for this sector are forecasted to climb from USD 79.06 million in 2023 to USD 126 million in 2030.
- The commercial sector is poised to witness the highest growth rate in flooring resin consumption in Indonesia, with a projected CAGR of 7.30% during the forecast period. The new floor area for commercial spaces is expected to surge by approximately 9 million square feet in 2023, driven by a rising appetite for shopping malls, offices, and other commercial establishments. For instance, by 2025, Jakarta is set to add roughly 7 thousand square meters of new office space. As a result, the country's flooring resins for the commercial sector are estimated to reach USD 14.65 million in 2030, up from USD 8.95 million in 2023.
Indonesia Flooring Resins Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Acrylic, Epoxy, Polyaspartic, Polyurethane are covered as segments by Sub Product.
- In 2022, Indonesia witnessed a 5.10% surge in the consumption value of flooring resins, primarily fueled by robust demand from the industrial and institutional as well as commercial construction sectors. Looking ahead to 2023, Indonesia's flooring resins are expected to capture around 2.6% of the broader Asia-Pacific market for such resins.
- The industrial and institutional sector emerged as the largest consumer of flooring resins in Indonesia, accounting for a dominant 85.34% share in 2022. The sector's projected new floor area is set to escalate from 420 million square feet in 2023 to 633 million square feet by 2030, propelled by heightened investments in industrial and healthcare construction. Riding on the waves of urbanization and industrialization, the country's flooring resins for this sector are forecasted to climb from USD 79.06 million in 2023 to USD 126 million in 2030.
- The commercial sector is poised to witness the highest growth rate in flooring resin consumption in Indonesia, with a projected CAGR of 7.30% during the forecast period. The new floor area for commercial spaces is expected to surge by approximately 9 million square feet in 2023, driven by a rising appetite for shopping malls, offices, and other commercial establishments. For instance, by 2025, Jakarta is set to add roughly 7 thousand square meters of new office space. As a result, the country's flooring resins for the commercial sector are estimated to reach USD 14.65 million in 2030, up from USD 8.95 million in 2023.
| End Use Sector | |
| Commercial | |
| Industrial and Institutional | |
| Infrastructure | |
| Residential |
| Sub Product | |
| Acrylic | |
| Epoxy | |
| Polyaspartic | |
| Polyurethane | |
| Other Resin Types |
Indonesia Flooring Resins Market Size Summary
The Indonesia Flooring Resins Market is experiencing significant growth, driven by robust demand from industrial, institutional, and commercial construction sectors. The industrial and institutional sector is the largest consumer, with substantial investments in industrial and healthcare construction propelling the market forward. Urbanization and industrialization trends are further boosting the demand for flooring resins, particularly in the industrial sector. Meanwhile, the commercial sector is expected to see the highest growth rate in resin consumption, fueled by a rising demand for shopping malls, offices, and other commercial spaces. The market is characterized by a fairly consolidated structure, with major players like 3M, Avian Brands, Kansai Paint Co., Ltd., MBCC Group, and Sika AG dominating the landscape.
The residential construction sector in Indonesia is also poised for significant growth, supported by government initiatives and increasing urbanization. The government's housing aid and strategic focus on construction have been pivotal in meeting the rising housing demands. This sector's growth is expected to continue, driven by both foreign and domestic investments. The market's expansion is further underscored by strategic acquisitions and technological advancements by key players, enhancing product offerings and sustainability. Overall, the Indonesia Flooring Resins Market is set to witness robust growth, reflecting the country's broader economic and infrastructural developments.
Indonesia Flooring Resins Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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1.1 End Use Sector
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1.1.1 Commercial
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1.1.2 Industrial and Institutional
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1.1.3 Infrastructure
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1.1.4 Residential
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1.2 Sub Product
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1.2.1 Acrylic
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1.2.2 Epoxy
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1.2.3 Polyaspartic
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1.2.4 Polyurethane
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1.2.5 Other Resin Types
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Indonesia Flooring Resins Market Size FAQs
How big is the Indonesia Flooring Resins Market?
The Indonesia Flooring Resins Market size is expected to reach USD 99.11 million in 2024 and grow at a CAGR of 7.02% to reach USD 148.87 million by 2030.
What is the current Indonesia Flooring Resins Market size?
In 2024, the Indonesia Flooring Resins Market size is expected to reach USD 99.11 million.
