Indonesia Roofing Materials Market to Be Driven by Increased Demand From Infrastructure Sector in the Forecast Period of 2021-2026

Growth in Indonesia's Roofing Materials Market Driven by Infrastructure Demand

 The new report by EMR titled, ‘ Indonesia RoofingMaterials Market Report and Forecast 2021-2026’, gives an in-depth analysis of the  Indonesia Roofing Materials market, assessing the market based on its segments like product type and application . The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2015-2026)

·         Historical Market Size (2020): USD [TA1] 27 billion

·         Forecast CAGR (2021-2026): 7.0%

·         Forecast Market Size (2026): USD 40.52 billion  

The Indonesia Roofing Materials market has grown steadily over the historical period, as the market is being driven by innovations and technical advances to preserve the roof while also offering aesthetic appeal to it.

Industry Definition and Major Segments

Roofing materials are materials used in the construction of roofs, such as wood, stone, clay, glass, metal, and polycarbonate roofing sheets. They are the building's outermost layer, protecting it from external and natural disruptions. Depending on the complexity of the building designs, the exterior layer of the roof may differ.

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Based on product types, the hair care market can be divided into:

 Asphalt Shingles

·         Metal Roofs

·         Concrete and Clay Tile Roofs

·         Elastomers and Plastic Roofs

Based on product, the hair care market can be segmented into:

 Residential

·         Non-Residential

 

Market Trends

The advancement of the infrastructure industry and the increase in renovation activities are the primary drivers of market growth. Because of favourable government policies and investments, the construction industry is one of the fastest growing industries in Indonesia. Rapid industrialisation and population relocation to cities are also driving the demand. Furthermore, the growing population and rising desire to live in nuclear families, as well as the resulting demand for housing, lubricate consumer growth. Developments in social infrastructure, such as public housing, schools, and government hospitals, also benefit the roofing materials industry.

Indonesia has a tropical climate with ample rainfall during the year in the major cities. Furthermore, the country is prone to natural disasters such as earthquakes, flooding, tsunamis, and volcanic eruptions. These factors increase the demand for elevated roofing materials that can withstand repeated natural disasters. The demand is also being driven by rapid climate change and unprecedented weather conditions in every season. Furthermore, the relocation of the country's capital city to East Kalimantan due to overcrowding and Jakarta's alarming sinking rate is accelerating construction activities in the province and boosting business growth. Technology advancements such as 3-D printing and the introduction of cutting-edge technology, such as drones in the construction sector, will accelerate market growth. The former is less expensive, more adaptable, and repairable, while the latter boosts efficiency by supervising the construction site. Furthermore, the advent of reflective coatings with heat reflective properties that are applicable to dark colour roofing materials propels industry development, in the forecast period.

Key Market Players

The major players in the market are Pt Yane Manufaktur Indonesia, Pt. Impack Pratama Intustri Tbk, Pt. Robertson Fastbuild Indonesia and few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.