CLEVELAND, Dec. 16, 2019 /PRNewswire/ — Demand for drywall in Indonesia is expected to expand 5.5% per annum to 186 million square meters in 2023. This will represent a pace above the Asia/Pacific regional average and an acceleration over the 2013-2018 period. Gains will be driven by the nonresidential building market, which will post stronger growth than it did between 2013 and 2018.
For more information visit the study page for Global Drywall & Building Plaster.
Government efforts to spur foreign direct investment will support construction of new facilities and therefore drywall demand. In May 2019, the Indonesian government announced a number of incentives to attract foreign multinationals’ research and development capacity, including $200 million in tax breaks for every $100 million spent on R&D.
Sales to residential applications, on the other hand, will slow after a period of robust growth.
Contact Corinne Gangloff for an interview with the analyst.
Additional Construction & Building studies can be viewed here:
About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
SOURCE The Freedonia Group