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Ahmad Pathoni reports from Jakarta on how the robust economic growth in Indonesia offers major opportunities for the country’s coatings industry
Indonesia’s paint and coatings sector is expected to continue to grow, driven by an expanding middle-class population, the fast-growing construction sector and ambitious government infrastructure projects, encompassing transport networks, energy and utilities. The South East Asian country’s paint and coatings market has grown to almost US$2.5bn in sales revenue in the past year and sales are expected to expand at a fair rate of between 6-7% annually in the next five years, according to industry analysts Frost & Sullivan. Architectural, protective, wood and marine coatings constitute between 80% and 90% of the total market volume, with the architectural segment leading the share, it said.
Read the full report here: Indonesia 2020
