Indonesia Asphalt Shingles Market (2024-2030) Outlook | Industry, Size, Companies, Share, Revenue, Forecast, Trends, Growth, Value & Analysis

Indonesia Asphalt Shingles Market Synopsis

Indonesia is the largest country in Southeast Asia and among its most populous. The country has a huge roofing market, with asphalt shingles being one of its most popular products. Asphalt shingle roofs are preferred by homeowners due to their low cost, durability, and ability to resist damage from storms or harsh weather conditions. In Indonesia, asphalt shingles are widely used for both residential and commercial buildings across the nation.

Market Trends

The increasing demand for eco-friendly roofing materials such as solar tiles is driving growth in the Indonesia asphalt shingle market. Furthermore, advancements in technology have enabled manufacturers to develop modified bitumen that can withstand higher temperatures while maintaining flexibility and strength without compromising on quality. This has opened up new opportunities for innovative product development within the industry. Additionally, rising investments in infrastructure projects have also contributed towards increased sales of asphalt shingles across Indonesia over recent years.

Market Drivers

The growth of the Indonesia asphalt shingle market can be attributed to factors such as an increase in infrastructure spending by government authorities coupled with rapid urbanization throughout various parts of the country which consequently leads to greater demand for durable roof material solutions such as asphalt shingles.. Furthermore, economic stability within Indonesia has been improving over recent times allowing households more disposable income than before which subsequently enables them to invest into better quality products including those related to construction/roofing applications thereby further benefiting this sector?s prospects going forward.

COVID-19 Impact on the Market

Due to COVID-19 pandemic outbreak there had been significant lockdowns imposed since mid 2020 therefore resulting into a dip within overall consumer sentiment thereby curbing any kind of investment plans associated with housing renovation projects etc. Consequently, this led directly affected India roof tile production & thus affecting sales significantly during that period itself. Some other side effects include reductionin labor force availability & transportation issues due challenges caused by restrictions put forth by respective government bodies leading into supply chain disruption & delays respectively.

Challenges of the Market

Increasing awareness about environmental sustainability amongst customers has resulted into certain hindrances faced by traditional players operating within this sector who don`t comply accordingly resultinginto slowed down revenues (due non acceptance) from said clients when it comes too supplying environmentally friendly options like solar tiles instead opting out for conventional ones likeasphalt shakes only hence creating certain bottlenecks seen currently these.

Industry Key Players

PT Asphalt Shingles Indonesia, Mopro Roofing Solutions, TCI Roofing Systems, Raycon Roofs & Coating Services,Bhumi Putra Pratama

Key Highlights of the Report:

• Indonesia Asphalt Shingles Market Outlook
• Market Size of Indonesia Asphalt Shingles Market, 2020
• Forecast of Indonesia Asphalt Shingles Market, 2027
• Historical Data and Forecast of Indonesia Asphalt Shingles Revenues & Volume for the Period 2023 - 2027
• Indonesia Asphalt Shingles Market Trend Evolution
• Indonesia Asphalt Shingles Market Drivers and Challenges
• Indonesia Asphalt Shingles Price Trends
• Indonesia Asphalt Shingles Porter's Five Forces
• Indonesia Asphalt Shingles Industry Life Cycle
• Historical Data and Forecast of Indonesia Asphalt Shingles Market Revenues & Volume By Product Type for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Asphalt Shingles Market Revenues & Volume By Laminates Asphalt Shingles for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Asphalt Shingles Market Revenues & Volume By Three-tab Shingles for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Asphalt Shingles Market Revenues & Volume By Strip for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Asphalt Shingles Market Revenues & Volume By Luxury shingles for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Asphalt Shingles Market Revenues & Volume By Material for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Asphalt Shingles Market Revenues & Volume By Fiberglass for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Asphalt Shingles Market Revenues & Volume By Organic for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Asphalt Shingles Market Revenues & Volume By Application for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Asphalt Shingles Market Revenues & Volume By Fiberglass for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Asphalt Shingles Market Revenues & Volume By Organic for the Period 2023 - 2027
• Indonesia Asphalt Shingles Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Material
• Market Opportunity Assessment By Application
• Indonesia Asphalt Shingles Top Companies Market Share
• Indonesia Asphalt Shingles Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Asphalt Shingles Company Profiles
• Indonesia Asphalt Shingles Key Strategic Recommendations