Indonesia Automotive Refinish Coatings Market to 2023 by Product Type, Resin Type, Technology, Auto Type, Vehicle Age, & Sales Channel
DUBLIN, Feb. 13, 2019 /PRNewswire/ --
The "Indonesia Automotive Refinish Coatings Market by Product Type, by Resin Type, by Technology, by Auto Type, by Vehicle Age, by Sales Channel, by Region - Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.
The Indonesian automotive refinish coatings market is projected to reach $336.6 million by 2023, the market growth is driven by macroeconomic growth, increasing number of automotive vehicles, and rise in disposable income of individuals in the country.
On the basis of product type, the Indonesian automotive refinish coatings market is classified into basecoats, clearcoats, primers and fillers, and others. Clearcoats constituted the largest revenue share in the market, accounting for more than 45.0% share in 2017. This can be attributed to high-volume demand for these coats generated from the automotive industry for refinishing purposes. Furthermore, addition of a thick clearcoat on automobiles is highly favored due to its ability to offer protection to basecoat and metal body and resist damage caused by fluids and foreign substrates, such as peeling and cracking of paint.
Based on resin type, the Indonesian automotive refinish coatings market is categorized into alkyd, acrylic, polyurethane, epoxy, and others. In terms of value, the largest share in the market was held by polyurethane-based coatings in 2017. Polyurethane-based coatings are traditionally favored and offer significant resistance to damage and chipping.
Based on technology, the Indonesian automotive refinish coatings market is classified into solvent-borne, water-borne, and UV-cured coatings. Historically, solvent-borne coatings accounted for the largest market share, owing to the availability of diversified portfolio of solvent-based coatings in the market and climate favorability of these products that encourage the adoption of these products over their counterparts.
On the basis of auto type, the Indonesian automotive refinish coatings market is categorized into cars, commercial vehicles, two-wheelers, and others. In terms of value, cars dominated the market in 2017 with more than 70.0% share. Furthermore, the demand for refinish coatings in this category is likely to enhance in the coming years, owing to increasing demand for the passenger cars.
On the basis of vehicle age, the Indonesian automotive refinish coatings market is categorized into vehicles aged less than 5 years, 5-10 years, and more than 10 years. In 2017, the highest revenue in the market was generated by vehicles aged 5-10 years category. Vehicles in this category require refinishing during their resale or to mollify effects of damage or collision.
Based on region, the Indonesian automotive refinish coatings market is categorized into West Java, Central Java, East Java, South Sumatra, North Sumatra, South Sulawesi, East Kalimantan, and others. West Java accounts for the largest revenue share in the market, owing to the presence of a vast customer base, macroeconomic growth, and high-volume product demand from the automotive industry in the region. The region also complemented by the presence of high local population, and a high concentration of body repair shops.
The domestic players are engaged in several operations such as procurement of raw materials and refinish products from their international production facilities, manufacturing of the products for the automotive industry, and distribution of these products to several original equipment manufacturers (OEMs) and aftermarket automotive players in the country. There are also several manufacturers that are offering a range of resins to manufacturers of automotive refinish coatings.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Product Type
4.1.1.1 Clearcoats
4.1.1.2 Basecoats
4.1.1.3 Primers & fillers
4.1.1.4 Others
4.1.2 By Technology
4.1.2.1 Solvent-borne
4.1.2.2 Water-borne
4.1.2.3 UV-curved
4.1.3 By Resin Type
4.1.3.1 Polyurethane
4.1.3.2 Acrylic
4.1.3.3 Alkyd
4.1.3.4 Epoxy
4.1.3.5 Others
4.1.4 Auto Type
4.1.4.1 Cars
4.1.4.2 Commercial vehicles
4.1.4.3 Two-wheelers
4.1.4.4 Others
4.1.5 Vehicle Age
4.1.5.1 4.1.5.2 5-10 years
4.1.5.3 >10 years
4.1.6 Sales Channel
4.1.6.1 OEM
4.1.6.2 Aftermarket
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Introduction of environment-friendly and low emission automotive refinish coating materials in the market
4.3.2 Drivers
4.3.2.1 Rising disposable income
4.3.2.2 Increase in number of vehicle collisions
4.3.2.3 Increasing average age of vehicles
4.3.3 Restraints
4.3.3.1 Lack of skilled professionals
4.3.4 Opportunities
4.3.4.1 Growth in rental car owners and used car market
4.4 Regulation Analysis
4.5 Pricing Analysis
4.5.1 Clearcoats
4.5.2 Basecoats
4.5.3 Primers and Fillers
4.5.4 Others
Chapter 5. Indonesia Market Size and Forecast
5.1 By Product Type
5.2 By Resin Type
5.3 By Technology
5.4 By Auto Type
5.5 By Vehicle Age
5.6 By Sales Channel
5.7 By Region
Chapter 6. Benchmarking of Key Players
6.1 Market Share Analysis of Key Players
6.2 Market Share Analysis by Brands
6.3 Competitive Benchmarking of Key Players
6.4 Global Strategic Developments of Key Players
6.4.1 Product Launches
6.4.2 Facility Expansions
6.4.3 Others
Chapter 7. Company Profiles
- BASF SE
- Akzo Nobel N.V.
- Kansai Paint Co. Ltd.
- The Lubrizol Corporation
- PPG Industries Inc.
- The Sherwin-Williams Company
- PT. Hartwell Paint Indonesia
- PT. Danapaint Indonesia
- Alps Coating Sdn. hd.
- PT. Anugerah Berkat Cahayaabadi
- PT. Victorindo Pratama Mandiri
- PT. PABRIK CAT DAN TINTA
- ACIFIC PAINT
- KCC Corporation
- PT. NP Auto Refinishes Indonesia
For more information about this report visit https://www.researchandmarkets.com/research/hp5kmk/indonesia?w=5
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article