The increasing number of vehicles in the country will also help the Indonesian automotive refinish coatings market advance at a CAGR of 4.9% during 2018–2023. According to P&S Intelligence, the market was valued at $240.2 million in 2017 and it will generate $336.6 million revenue by 2023. The International Organization of Motor Vehicle Manufacturers (OICA) states that Indonesia produced 551,400 units of passenger cars and 139,886 units of commercial vehicles in 2020.
Moreover, the surging prevalence of road accidents and increasing average vehicle age will also augment the usage of automotive refinish coatings in the country in the forthcoming years. In the last few years, clearcoats were preferred over basecoats and primers and fillers due to their ability to protect metal bodies and basecoats. Additionally, clearcoats also exhibit high resistance to the damaging effects of foreign substrates and fluids, such as cracking and peeling of paint. These refinish coatings are applied on vehicles aged <5 years, 5–10 years, and >10 years.
Currently, the companies providing automotive refinish coatings in Indonesia are actively focusing on the procurement of refinishing products and raw materials from their global manufacturing plants and distributing these products to automobile original equipment manufacturers (OEMs) and aftermarket firms offering vehicle parts. Companies, such as BASF SE, Kansai Paint Co. Ltd., PT. Hartwell Paint Indonesia, PT. Victorindo Pratama Mandiri, PT. NP Auto Refinishes Indonesia, Akzo Nobel N.V., The Sherwin-Williams Company, PT. Anugerah Berkat Cahayaabadi, KCC Corporation, The Lubrizol Corporation, and PT. Danapaint Indonesia, produce epoxy, alkyd, acrylic, polyurethane, and polyester-based refinish coatings in Indonesia.
The aforementioned companies use ultraviolet (UV)-cured, solvent-borne, and water-borne technologies to produce refinish coatings for cars, two-wheelers, and commercial vehicles. In the last few years, solvent-borne refinish coatings were consumed in the highest volume in Indonesia due to the availability of a diversified portfolio of such products and their low drying time. Refinish coatings applied on vehicles can be availed from aftermarket companies and OEMs. In the coming years, the aftermarket sales channel will gain traction in Indonesia due to the growing number of pre-owned car dealerships and the increasing number of custom car and car repair shops in the country.
Geographically, West Java leads the Indonesian automotive refinish coatings market due to the large-scale automobile production, significant economic activities, the existence of a vast customer base, and notable macroeconomic growth in the region. Additionally, the presence of a large population and numerous metropolitan cities will also propel the usage of automotive refinish coatings in this part of the country in the upcoming years. The government of West Java Province states that this region accounts for approximately 18% of the population of Indonesia.
Therefore, the soaring disposable income of people and the rising number of automobiles will facilitate the adoption of automotive refinish coatings in Indonesia in the years to come.
This report studies the global Food & Beverage Plastics market status and forecast, categorizes the global Food & Beverage Plastics market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).
The major manufacturers covered in this report • Chemson Group• Constantia Packaging Ag• Limburgse Vinyl Maatschappij (Lvm)• Solvay S.A.• Solvin• Total Petrochemicals• Arkema• Global Closure Systems (Gcs)• Uponor Corp• Vinnolit Gmbh & Co. Kg• Nova Chemicals Corporation• Advanced Drainage Systems, Inc.• Aep Industries, Inc.• American Excelsior Company Download Free Sample Report @ https://www.radiantinsights.com/research/global-food-and-beverage-plastics-market-research-report-2019/request-sample Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering• North America• Europe• China• Japan• Southeast Asia• India We can also provide the customized separate regional or country-level reports, for the following regions:• North America• United States• Canada• Mexico• Asia-Pacific• China• India• Japan• South Korea• Australia• Indonesia• Singapore• Rest of Asia-Pacific• Europe• Germany• France• UK• Italy• Spain• Russia• Rest of Europe• Central & South America• Brazil• Argentina• Rest of South America• Middle East & Africa• Saudi Arabia• Turkey• Rest of Middle East & Africa Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-food-and-beverage-plastics-market-research-report-2019 On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into• PET• HDPE• PVC• LDPE• PP• PS• OtherOn the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including• Fruits and Vegetables• Bottles/Containers• Dairy• Bakery• Meat/Poultry/Seafood• Frozen• Other The study objectives of this report are:• To analyze and study the global Food & Beverage Plastics capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);• Focuses on the key Food & Beverage Plastics manufacturers, to study the capacity, production, value, market share and development plans in future.• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.• To define, describe and forecast the market by type, application and region.• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.• To identify significant trends and factors driving or inhibiting the market growth.• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market• To strategically profile the key players and comprehensively analyze their growth strategies.
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The significance of packaging in the global F industry attests that leading food manufacturing companies in the world continue to be concerned with the materials used wrapping edibles.
Recently, the rate at which thermoforming plastics is proliferating the food and beverages industries has been gaining momentum.
The relatively low production costs procured for thermoforming plastics, compared to injection molding, and flexibility in terms of appearance have urged the demand, particularly among food & beverages industries.
Thin gauge thermoforming plastics are being used in the production of containers, cups, lids, and other packaging products present in the retail market for food and beverages.
Next to personal care, food & beverages industries are likely to be a prominent application for thermoformed plastics.
According to the report compiled by Research Report Insights (RRI), titled “Thermoformed Plastic Products in Food & Beverages Industry Through 2024,” the global F thermoformed plastics market is projected to exhibit expansion at a steady CAGR of 4.2% by the end of forecast period of 2016-2024.Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114741/Thermoforming-Plastics-in-Food-and-Beverages-MarketSoaring demand for packaged mineral water, bottled carbonated drinks, milk, and fruit juices has influenced the global market, rendering thermoforming plastics as a widely-preferred packaging method for food products and beverages.
