2014-02-03 10:00:03 - Paints and Varnishes in Indonesia: ISIC 2422 - a new market research report on companiesandmarkets.com
Indonesian market for paints and varnishes reaches value of Rp23.8 trillion in 2012 following substantial 14% CAGR over 2007-2012. Imports of paints and varnishes account for 13% of total sales in 2012, Japan being the main import partner.
Fast-growing property industry, vehicle manufacturing and governmental infrastructure development programmes maintain high demand for paint and varnishes. Turnover of local producers expected to see 10% CAGR over forecast period to reach Rp29.4 trillion in 2018.
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