Indonesia Architectural Coatings - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

The Indonesia Architectural Coatings Market size is estimated at USD 1.67 billion in 2024, and is expected to reach USD 1.91 billion by 2028, growing at a CAGR of 3.41% during the forecast period (2024-2028).

Key Highlights

• Largest Segment by End-user - Residential : The residential sector dominated the market due to the continuous efforts by the government to build houses to accompany the fast growing population in the country
• Largest Segment by Technology - Waterborne : The waterborne coatings has slightly dominated the segment due to the awareness for VOC emissions, however lack of government regulations still hinders the market.
• Largest Segment by Resin - Acrylic : The acrylic coating has dominated the architectural coating consumption as the country has its houses coated with acrylic coating on the outer surface of the houses.

Indonesia Architectural Coatings Market Trends

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 Industry Overview

The Indonesia Architectural Coatings Market is fragmented, with the top five companies occupying 17.22%. The major players in this market are AkzoNobel N.V., Asian paints, Jotun, Nippon Paint Holdings Co., Ltd. and TOA Paint Public Company Limited. (sorted alphabetically).

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• The market estimate (ME) sheet in Excel format
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