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Expanding Automotive Industry Helping the Indonesia Automotive Refinish Coatings Market Grow
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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.
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.
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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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