INDONESIA’S BURGEONING MIDDLE CLASS PROMISES GROWING DEMAND FOR COUNTRY’S PAINT SECTOR
March 1st, 2017
THE PAINT and coatings sector in Indonesia looks set to grow significantly in coming years as rising salaries and job creation mean more disposable income for middle class purchases of residential product. The south-east Asian archipelago’s poverty rate has dropped from 17.2% in 2002 to 11.1% in 2015, according to the World Bank.
This has had an impact on paint and coating purchases. The home paint market was valued at USD796.6 million in the calendar year 2016, according to Euromonitor International, up from USD696 million in 2015. It has forecast the market ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.