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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.
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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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