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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

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

  • December 2018
  • 109 pages
  • ID: 5731297
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Indonesia Automotive Refinish Coatings Market by Product Type (Clearcoats, Basecoats, Primers & Filers), by Resin Type (Polyurethane, Acrylic, Alkyd, Epoxy), by Technology (Solvent-Borne, Water-Borne, UV-Cured), by Auto Type (Cars, Commercial Vehicles, Two-Wheelers), by Vehicle Age (10 Years), by Sales Channel (OEM, Aftermarket), by Region (West Java, Central Java, East Java, South Sumatra, North Sumatra, South Sulawesi, East Kalimantan) -Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

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 market players operating in the Indonesian refinish coatings market are 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. Bhd., PT. Anugerah Berkat Cahayaabadi, PT. Victorindo Pratama Mandiri, PT PABRIK CAT DAN TINTA PACIFIC PAINT, KCC Corporation, and PT. NP Auto Refinishes Indonesia.

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.

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