INDONESIA’S PAINT AND COATINGS SECTOR FACING MINI-BOOM
February 2nd, 2011
BY AHMAD PATHONI
INDONESIA'S paint and coating market has grown by about 3-4% annually by average over the past decade. Indeed, consumption rose to 688,863 tonnes in 2010, from 646,700 the previous year, according to the Indonesian Paint Manufacturers' Association.
And a mini-boom could be approaching. Paint use nation-wide is projected to grow 7% this year to 740,142 tonnes, boosted by increased purchasing power of Indonesians due to strong economic growth, forecast at 6.4% this year.
Water-based wall paint products dominate the market in the world's fourth ...
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