— Indonesia is the largest paint and coating market in South East Asia on account of its large population of 261 million, higher urbanization rate (57 percent), a vibrant automotive industry and rising disposable incomes of the vast middle class.

The paint and coating market in Indonesia was valued at USD 4.1 billion, showing an increase from its 2019 value which stood at 3.9 billion due to the increasing demand from various end user industries such as automotive, construction and industrial manufacturing amongst others.

 — Indonesia is a large and growing market for paint and coatings companies. At US$2.3bn, it is the fifteenth-largest paint and coatings market in the world. It is growing faster than every larger paint and coating market except for China and India.

The Indonesia paints & coatings market is estimated to grow with a CAGR of 6.47% during the forecasting years of 2023-2030, acquiring a revenue share of $4239.93 million by 2030.

 — An Indonesian market analysis by US-based Inkwood Research said the national paints and coatings market is projected to grow at a compound annual growth rate (CAGR) of 6.47% from 2023 to 2032, reaching US%4.23bn by 2030 [1].

Indonesia is a large and growing market for paint and coatings companies. At US$2.3bn, it is the fifteenth-largest paint and coatings market in the world. It is growing faster than every larger paint and coating market except for China and India.

 — In 2023, the global paint and coatings industry was estimated to be valued at some 179.98 billion U.S. dollars. It is forecast that by 2032 the sector's market value will surpass 255.59 billion...

The paints and coatings industry has been catered to by four domestic, six multinational paint producers, and many small-scale domestic producers. Despite significant pauses due to the COVID-19 Delta variant between June and August 2021, the Indonesian economy continued to recover in 2021.

 — Market growth has increased from minus 7.5% to around 10-12% in 2021, but the expected growth this year is 5%, in line with Indonesia's GDP growth. Ipotnews projects decorative paints to grow at a CAGR of 9.8% from 2021-2025. Most paint raw materials are still imported, as are resin raw materials.

Decorative paint accounts for 50% – 60% of all paint sales in Indonesia, which is followed by industrial and automotive paints. In 2015, the Indonesian paint and coating industry felt the impact of the global and domestic economic slowdown and its market value dropped to 10 – 12 trillion IDR.