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Indonesia Roofing Materials Market is Expected to Witness Healthy Growth During 2021-2026, Aided by the Growth of the Asia Pacific Roofing Materials Market

According to a new report by EMR titled, The Latin America roofing materials market is attained value of USD 6.1 billion in 2020. The Latin America roofing materials market is further expected to grow at a CAGR of 4.2% in the forecast period of 2021-2026, to attain USD 8.2 billion by 2026.

The increasing investments in the renovation in the industrial and residential sector are driving the market growth. The surging population has significantly increased the demand for the construction industry in both the residential and industrial sectors. The increasing awareness of the use of eco-friendly and energy-efficient roofing materials in both the residential and industrial sectors is aiding the market growth. The use of eco-friendly products has soared the demand for clay and concrete roofs, which is further expected to accelerate the market growth. Various government schemes and programs supporting the infrastructure industry, especially in the residential sector, are also aiding the market growth. Moreover, the growing shift in the use of the green roof due to rising carbon emissions is expected to augment the market growth for roofing materials in Indonesia. Further, rising per capita income and the development of new materials by the use of technological advancements are expected to boost the market growth in the forecast period.

The increasing research & development (R&D) activities by the key players are aiding the development of the market. Pt. Impack Pratama Intustri Tbk (IDX: IMPC), one of the leading players, had launched EZ-Lock, a minimalist roof offering practical fit, in January 2020. It is one of the most advanced innovations with twin-wall structure that provides leak-proof properties and aesthetic looks. Moreover, the product has high flexibility, durability, and is easy to install. Also, it is equipped with extruded UV layer, which blocks 98% of the harmful ultraviolet rays. It has a light structure and is 250 times stronger than glass. Innovations such as these are facilitating the market growth.

Market Analysis by Product and Application:

  • The market, on the basis of product, can be divided into asphalt shingles, metal roofs, concrete and clay tile roofs, and elastomers and plastic roofs, among others.
  • Based on application, the industry can be bifurcated into residential and non-residential.

Key Findings of the Report:

  • The surging construction and infrastructure industry due to population growth and urbanisation are propelling the market for roofing materials.
  • Favourable government policies to aid the development of the residential sector and the construction of several public buildings are catalysing the market growth.
  • The increasing environmental consciousness due to rapid climate change is accelerating the demand for biodegradable roofing materials, further facilitating the market growth.
  • Growing technological advancements and innovations to produce better roofing materials are boosting the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the Indonesia roofing materials market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products and applications of roofing materials.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the Indonesia market for roofing materials are Pt Yane Manufaktur Indonesia, Pt. Impack Pratama Intustri Tbk, and Pt. Robertson Fastbuild Indonesia, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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