Please Wait.....
Report
Southeast Asia Industrial Flooring Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 100 Pages I Mordor Intelligence
The Southeast Asian industrial flooring market is expected to register a CAGR of over 5.5% during the forecast period.
The COVID-19 pandemic significantly affected the manufacturing and services sector. Loss of revenue and operational shutdowns were observed across various industrial sectors. Renovation and expansion projects were put on hold until the crisis was averted, and therefore, the industrial flooring market suffered greatly during the pandemic.
Key Highlights
However, now that the restrictions are lifted and the industrial sector is steadily recovering from the aftermath of COVID-19, increased demand for industrial flooring from the expanding food and beverage industry is expected to drive demand across the region. Rising awareness about the potential advantages of industrial flooring over normal concrete flooring is expected to strengthen this demand further.
On the other side, stringent regulations concerning the volatile organic compounds (VOCs) emitted from industrial flooring could hinder the market's growth.
Widening usage of polyaspartic floor coatings, given their superior properties and the growing research and development of eco-friendly bio-based flooring, could lead to future opportunities in the market.
Across the Southeast Asian region, Indonesia could potentially lead the demand for the industrial flooring market.
Southeast Asia Industrial Flooring Market Trends
Growth in the Food and Beverages Industry
The food and beverage industry has been registering strong and steady growth across the Southeast Asian region. The rise in population and growing demand for packaged healthy foods are expected to drive food and beverage manufacturers into developing long-term strategies for the region.
Many key players have already announced plans to expand across the region. For instance, Mr Bean, a market leader in the production of soya-based products, announced its plan to set up a state-of-the-art production facility in Singapore.
Similarly, in 2021, Cargill invested USD 35 million in its specialty fats production facility in Malaysia in a bid to expand the company's global portfolio.
In 2022, Malaysian dairy Farm Fresh Berhad announced that it would be using USD 54.58 million of IPO funds for production expansion projects across the region, as it intends to grow its capacity by 52% by the end of FY24.
With strong investments and projects in the pipeline, the manufacturing and services sector shows great promise for a strong recovery post-covid. For instance, as of June 2022, the Malaysian Investment Development Authority (MIDA) has a total of 268 projects in the pipeline for the manufacturing and services sector, including the food and beverage sector. The proposed total investment into these projects adds up to MYR 14.4 billion (USD 3.45 billion).
The growth of the food and beverage sector across the region is anticipated to strengthen the demand for industrial flooring across the region.
Indonesia to Lead the Southeast Asian Market
Indonesia is becoming a favorable country for investment for international businesses since it offers lower wage costs, a huge domestic market along with access to ASEAN markets, and an increasingly attractive investment climate.
The Indonesian government has been encouraging agencies and key figures in the industry to prepare for an increase in demand within the food and beverage industry by developing newer technologies, given the potential recovery and following growth of the sector in the region.
In 2021, Kerry Group announced its plans to invest EUR 30 million (USD 36.2 million) to build a production facility in Karawang, Indonesia. Upon completion, the new facility will be Kerry's second manufacturing facility in the country, representing the company's largest investment in the Southeast Asian region.
In 2022, the Indonesian government also established the state-owned company PT Sinergi Gula Nusantara (SGN) and intended to establish SGN as the nation's largest sugar company by 2028. SGN currently controls 36 sugar mills across the country, and the government intends to implement further land expansion in the coming years.
Similarly, the automobile industry is also expected to witness strong growth in the coming years. With the impending shift to electric vehicles (EVs), the Indonesian government targets to make up close to 20% of the total domestic cars manufactured, approximately 400,000 EVs by 2025. These ambitious targets support the expansion of the automobile industry and the battery and other electric components manufacturing industry.
The Foreign Direct Investment (FDI) in Indonesia witnessed a 63.6% Y-o-Y growth in rupiah terms in the third quarter of 2022, indicating great promise for the growth of the economy in the long run.
The aforementioned factors are expected to drive the demand for industrial flooring in the region.
Southeast Asia Industrial Flooring Market Competitor Analysis
The Southeast Asian industrial flooring market is highly fragmented in nature. Some major players in the market include Sika AG, Nippon Paint Holdings Co. Ltd, RPM International Inc., Akzo Nobel NV, and MBCC Group.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Awareness about the Advantages of Industrial Flooring
4.1.2 Increasing Demand from the Food and Beverage Industry
4.2 Restraints
4.2.1 Stringent Regulations on VOCs Released from Industrial Floorings
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Value)
5.1 By Resin Type
5.1.1 Epoxy
5.1.2 Polyaspartic
5.1.3 Polyurethane
5.1.4 Acrylic
5.1.5 Other Resin Types
5.2 By Application
5.2.1 Concrete
5.2.2 Wood
5.2.3 Other Applications
5.3 By End-user Industry
5.3.1 Food and Beverage
5.3.2 Chemical
5.3.3 Transporation and Aviation
5.3.4 Healthcare
5.3.5 Other End-user Industries
5.4 By Geography
5.4.1 Indonesia
5.4.2 Thailand
5.4.3 Vietnam
5.4.4 Malaysia
5.4.5 Rest of Southeast Asia
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Akzo Nobel NV
6.4.3 Applied Flooring
6.4.4 CoGri Group Ltd
6.4.5 Lubrizol Corporation
6.4.6 MBCC Group
6.4.7 Nippon Paint Holdings Co. Ltd
6.4.8 RPM International Inc.
6.4.9 Sherwin-Williams Company
6.4.10 Sika AG
6.4.11 Tremco Incorporated
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Research and Development of Eco-Friendly Bio-Based Flooring Solutions
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security