1. Increasing focus on infrastructural and housing projects in Indonesia
Click to Read Full Article: Indonesia Plastic Pipes and Fittings Market
The growth in the plastic pipes and fittings market of Indonesia is primarily driven by rising investments of the Government, owing to increasing focus on infrastructural and housing projects in the country. Subsequently, the demand for plastic pipes and fittings has experienced an upsurge.
The government spending on infrastructure project in Indonesia increased from IDR 140 Tn in 2012 to IDR 390 Tn in 2017 at the CAGR growth of 22.7% during the period 2012-2017. This indicates the rise in spending by the Government on infrastructural activities in the economy. Whereas, overall government spending in Indonesia increased from IDR 733.2 Tn in 2012 to IDR 1,375.1 Tn in 2018.
2. Most of the organizations in the Indonesia Plastic Pipes and Fittings Market are majorly dependent on imports for raw materials.
Request a Free Sample to learn more about the report: Click here
Most of the organizations in the Indonesia Plastic Pipes and Fittings Market are involved in the central to the downstream stages of manufacturing. They are majorly dependent on imports for raw materials such as PVC resins.
The import value for plastic pipes and fittings stood at USD 135 Million in 2012. The import volume for plastic pipes and fittings increased from 26,326 Tonnes in 2012 to 53,509 Tonnes in 2017.
However, the strong macroeconomic performance of the country and steady foreign investment will help the organizations to improve the technology used in the manufacturing units, thus reducing imports.
Major import destinations for plastic pipes and fittings market include China, Japan and Singapore which contribute to 49.9% by value of the total imports during 2017. Indonesia mainly depends on imports for the raw materials used in manufacturing plastic pipes and fittings. China alone contributes around 21.0% of the imports.
3. Recent Developments in Indonesia Plastic Pipe and Fittings Market.
The company recently launched a new brand pipe Rucika Wavin by combining two product brands, namely Wavin and Rucika.
The company also collaborated with new partners: Ke Kelit from Europe and their products are used for hot water connection systems and Maezawa and Mitsubishi from Japan due to their accessories that are used for PVC fittings. Indonesia Plastic pipes and fittings market is moderately fragmented in nature as out of all the companies operating in the market, six major companies (PT Wahana Duta Jaya Rucika, Vinilon Group, Maspion Kencana, PT Langgeng Makmur Industri Tbk., Unilon and Pralon) constitute a market share of around 61.0% by revenue and 57.5% by production capacity in 2017. Companies in the Indonesia Plastic pipes and fitting market compete on the basis of price, quality, diversification in portfolio, production capacity, and relationship with stakeholders and certifications.
Majority of the companies in this sector are organized and they altogether contribute 70.0% share in the market, whereas remaining share in the market is catered by unorganized players.
Visit this Link: – Request for custom report
No comments:
Post a Comment