Southeast Asian Aerosol Spray Paints Market for the Two Wheeler Aftermarket, Forecast to 2020

Focus on Two-Wheelers in the Malaysian, Indonesian, Thai, and Vietnamese Aftermarkets

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The aerosol spray paint market is expected to grow for all of the four selected Southeast Asian countries, with Indonesia leading the group in terms of volume and value. Growth in the aerosol spray paint market is closely associated with the population of two wheelers and the number of repainting jobs. On an average, a two wheeler gets repainted every 2 to 3 years in Southeast Asia for maintenance and decorative purposes. There are two variants of aerosol spray pain: one component (1K) and two component (2K). The 1K system is the conventional aerosol spray paint in which the paint is sprayed using a propellant or solvent which is filled into the container along with the paint. The 2K system has two compartments, one containing resin and the other containing a hardener.

This hardening agent provides gloss and resistance to the surface. Additionally, the 2K system does not require an extra clear coat. In terms of volume, the overall market is witnessing an adjustment to a lower total consumption of cans. This is because fewer 2K cans are needed to complete the same painting job as compared to 1K cans. In terms of performance, the 2K technology is superior to 1K and is on par with the spray gun technology. Furthermore, the price of 2K is lower and it is easier to use compared to spray guns. Hence, while traditionally, 1K technology has dominated the market, the added benefits of 2K are likely to contribute to market expansion of the 2K technology. Producers of aerosol spray paint mostly sell their products directly to the distributor, hardware stores, dealers/retailers, and eCommerce companies. Purchase decision making varies across different countries. For instance, in Malaysia, end consumers are more aware and use social media to decide the brand to purchase, whereas, in Vietnam, decisions are primarily driven by workshops due to the lack of awareness among consumers. The overall aftermarket is typically segmented into 3 types of workshops: OEM affiliated, insurance affiliated, and shed shops. Two wheeler owners typically prefer visiting shed shops for major repainting jobs, while decorative paint jobs and minor touch ups are typically Do-it-yourself (DIY) or are carried out by shed shops.

Overall, Indonesia stands out as the most attractive country, considering the quantum of market as well as the projected growth potential (in both value and volume terms). Vietnam is another country which is expected to experience high market growth and it will become the second largest market after Indonesia by 2020.

Table of Contents

1. Executive Summary
Key Findings
Market Segmentation by Technology
Value Chain
2. Drivers and Restraints
Market Drivers
Market Restraints
3. Southeast Asia Overview
Value Chain
Market Opportunity Landscape—Market Size and Outlook
Market Segmentation by Country
Market Segmentation by Technology
Market Entry Barriers
Technology Trends
Technology Trends—2K Aerosol Spray Paint Technology
Technology Trends—Comparison of 1K, 2K, Spray Gun, and Airbrush
4. Country Overview—Malaysia
Regulatory Framework
Market Opportunity Landscape—Market Size and Forecast
Competitive Landscape
Competitors
5. Country Overview—Indonesia
Regulatory Framework
Market Opportunity Landscape—Market Size and Forecast
Market Segmentation by Technology
Competitive Landscape
Competitors
6. Country Overview—Vietnam
7. Country Overview—Thailand
8. Growth Opportunities and Companies to Action
Growth Opportunity—2K Aerosol Spray Paints to Change Market Dynamics
Strategic Imperatives for Success and Growth
9. The Last Word
3 Key Takeaways
Legal Disclaimer
10. Appendix
Key Profiles
Nippon Paint
PT Murni Cahaya Pratama (PT MCP)
PT RJ London
DPI Sdn. Bhd.
Orientus Industry Sdn. Bhd.
PT Difan Prima Paint
Abbreviations
Learn More—Next Steps
11. The Frost & Sullivan Story

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List of Figures & Charts

1. Aerosol Spray Paints Market for the Two Wheeler Aftermarket: Key Market Drivers, Southeast Asia, 2016–2020
2. Aerosol Spray Paints Market for the Two Wheelers Aftermarket: Key Market Restraints, Southeast Asia, 2016–2020
3. Key Technological Trends of 2K Aerosol Spray Paint Technology
4. Comparison of the Different Aerosol Spray Paint Technologies


1. Structure of 1K and 2K Type Aerosol Spray Paint
2. Aerosol Spray Paints Market Value Chain
3. Aerosol Spray Paints Market for the Two Wheelers Aftermarket: Market Size, Southeast Asia, 2010–2020F
4. Aerosol Spray Paints Market for the Two Wheeler Aftermarket: Market Segmentation by Country, Southeast Asia, 2010–2020F
5. Aerosol Spray Paints Market for the Two Wheeler Aftermarket: Market Segmentation by Technology, Southeast Asia, 2010–2020F
6. Spray Pattern of Different Paint Technologies
7. Structure of 1K and 2K Type Aerosol Spray Paint
8. Aerosol Spray Paints Market for the Two Wheeler Aftermarket: Market Size and Forecast, Malaysia, 2010–2020F
9. Aerosol Spray Paints Market for the Two Wheeler Aftermarket: Estimated Market Share (%), Malaysia, 2015
10. Aerosol Spray Paints Market for the Two Wheeler Aftermarket: Market Size and Forecast, Indonesia, 2010–2020F
11. Aerosol Spray Paints Market for the Two Wheeler Aftermarket: Estimated Market Share, Indonesia, 2015
12. Aerosol Spray Paints Market for the Two Wheeler Aftermarket: Market Size and Forecast, Vietnam, 2010–2020F
13. Aerosol Spray Paints Market for the Two Wheeler Aftermarket: Market Size and Forecast, Thailand, 2010–2020F



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