Southeast Asian Decorative Coating Market, Forecast to 2022

Southeast Asian Decorative Coating Market, Forecast to 2022

Market for Decorative Coating is Poised for Growth on the Back of Growing Residential and Commercial Building and Infrastructure

RELEASE DATE
27-Jun-2018
REGION
Asia Pacific
Research Code: PA0A-01-00-00-00
SKU: CM01538-AP-MR_22047

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Description

The decorative coatings industry is sensitive to Gross Domestic Product (GDP) growth and tends to grow at 1.5 to 2 times that of Southeast Asia’s GDP. The decorative coating market in Southeast Asia is expected to fare well due to the impressive growth in the construction industry, a result of the development of residential and commercial buildings as well as infrastructure. The optimistic economic conditions anticipated in most Southeast Asian countries, especially Indonesia and Thailand, are expected to cause these sectors to witness buoyant growth, thereby influencing the decorative coating market.

Indonesia accounted for the largest share—25.4%—with a revenue of $1.22 billion in 2017, followed by the Philippines, Vietnam, and Thailand. Much of the focus is now shifting toward emerging markets—mainly Indonesia, Vietnam, and the Philippines—as volume is the name of the game; these countries host large populations of 251 million, 91 million, and 99 million, respectively.

Economic growth rebound in Indonesia and Thailand will increase the consumption of decorative coatings. Southeast Asia is poised for a growth rebound in 2018. Aggregate growth is likely to rebound to 5.0% in 2015 and 2016, as recovery in Indonesia and Thailand leads the way and most of the subregion trends up and benefits from rising exports and lower inflation.

Inflation is forecast to subside to 3.1% in the next 2 years from 3.2% in 2017, in line with global oil and commodity prices. The decorative coating market in Southeast Asia is expected to fare well due to impressive growth in the construction industry—a result of the development of residential and commercial buildings as well as infrastructure. The optimistic economic conditions anticipated in most Southeast Asian countries, especially Indonesia and Thailand, are expected to cause these segments to witness buoyant growth, thereby influencing the coating market.

Rising urbanization contributes to robust construction and infrastructure spending growth. Massive construction and infrastructure spending in SEA in 2016, 2017, and beyond as a result of rising urbanization is expected to drive the demand for coatings. In addition, due to rapid urbanization, the ASEAN-5 is seeing increases in construction spending activities.

However, fluctuating raw material costs are expected to restrain market growth, as they severely affect margins in this price-sensitive market. Titanium dioxide is a key raw material in the coatings space. An increase in its price, due to supply shortages, is a major concern for decorative coatings companies. Profit margins will remain under constant pressure if price hikes continue. Suppliers will also be under constant pressure to develop coatings with an optimum price to affordability ratio.

Key Issues Addressed

  • At what stage of lifecycle is the decorative coating market in and how is it expected to grow?
  • What are the key drivers and restraints for the decorative coatings market?
  • What is the revenue forecast for the coatings market?
  • What are the dynamics influencing the growth of the different market segments?
  • Who are the leading market participants?
  • What is the coating technology trends used to meet customer needs?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Market Engineering Measurements

CEO’s Perspective

Market Overview—Definitions

Key Questions this Study will Answer

Market Segmentation—Total SEA Coating Market

GDP Growth by Region

GDP Contribution in SEA

Urbanization in SEA

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Value Chain

Value Chain (continued)

Value Chain Description

Value Chain Description (continued)

Market Engineering Measurements

Total SE Asian Decorative Coating Market—Volume Shipment and Revenue Forecast

Forecast Assumptions

Volume Shipment and Revenue Forecast Discussion

Volume Shipment and Revenue Forecast Discussion (continued)

SEA Decorative Coatings Segment Analysis—Percent Revenue Forecast by Country

Decorative Coatings Segment Analysis—Revenue Forecast by Country

Regional Revenue Forecast Discussion

Competitive Landscape—Decorative Coatings Market

Market Share—Decorative Coating Market

Competitive Environment—Decorative Coating Market

Growth Opportunity—Construction Boom

Strategic Imperatives for Success and Growth

SEA Decorative Coating Market—Impact of Mega Trends

Indonesian Decorative Coating Market—Volume Shipment and Revenue Forecast

Indonesian Decorative Coating Market—Volume Shipment and Revenue Forecast Discussion

Indonesian Coating Market Segmentation

Malaysian Decorative Coating Market—Volume Shipment and Revenue Forecast

Malaysian Decorative Coating Market—Volume Shipment and Revenue Forecast Discussion

Malaysian Coating Market Segmentation

Philippine Decorative Coating Market—Volume Shipment and Revenue Forecast

Philippine Decorative Coating Market—Volume Shipment and Revenue Forecast Discussion

The Philippines Coating Market Segmentation

Singaporean Decorative Coating Market—Volume Shipment and Revenue Forecast

Singaporean Decorative Coating Market—Volume Shipment and Revenue Forecast Discussion

Singaporean Coating Market—By Segments

Thailand Decorative Coating Market—Volume Shipment and Revenue Forecast

Thailand Decorative Coating Market—Volume Shipment and Revenue Forecast Discussion

Thailand Coating Market Segmentation

Vietnam Decorative Coating Market—Volume Shipment and Revenue Forecast

Vietnam Decorative Coating Market—Volume Shipment and Revenue Forecast Discussion

Vietnam Coating Market Segmentation

Technology Trends

Technology Trends by Country

Technology Trends—Water-based Coatings Outlook 2017

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Abbreviations and Acronyms Used

Learn More—Next Steps

What is www.paintfrost.com?

PaintFrost—Key Deliverables

Market Segment Definitions

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The decorative coatings industry is sensitive to Gross Domestic Product (GDP) growth and tends to grow at 1.5 to 2 times that of Southeast Asia’s GDP. The decorative coating market in Southeast Asia is expected to fare well due to the impressive growth in the construction industry, a result of the development of residential and commercial buildings as well as infrastructure. The optimistic economic conditions anticipated in most Southeast Asian countries, especially Indonesia and Thailand, are expected to cause these sectors to witness buoyant growth, thereby influencing the decorative coating market. Indonesia accounted for the largest share—25.4%—with a revenue of $1.22 billion in 2017, followed by the Philippines, Vietnam, and Thailand. Much of the focus is now shifting toward emerging markets—mainly Indonesia, Vietnam, and the Philippines—as volume is the name of the game; these countries host large populations of 251 million, 91 million, and 99 million, respectively. Economic growth rebound in Indonesia and Thailand will increase the consumption of decorative coatings. Southeast Asia is poised for a growth rebound in 2018. Aggregate growth is likely to rebound to 5.0% in 2015 and 2016, as recovery in Indonesia and Thailand leads the way and most of the subregion trends up and benefits from rising exports and lower inflation. Inflation is forecast to subside to 3.1% in the next 2 years from 3.2% in 2017, in line with global oil and commodity prices. The decorative coating market in Southeast Asia is expected to fare well due to impressive growth in the construction industry—a result of the development of residential and commercial buildings as well as infrastructure. The optimistic economic conditions anticipated in most Southeast Asian countries, especially Indonesia and Thailand, are expected to cause these segments to witness buoyant growth, thereby influencing the coating market. Rising urbanization contributes to robust construction and infrastructure s
More Information
No Index No
Podcast No
Author Jincy Varghese
Industries Chemicals and Materials
WIP Number PA0A-01-00-00-00
Keyword 1 Decorative Coating
Is Prebook No
GPS Codes 9100-A2,9595,9870,9982-A2