Indonesia Basic Chemicals Market Upward Momentum Unveiling Market Size's Skyrocketing Potential

The report by Allied Market Research showcases the Indonesia basic chemicals market, which was valued at $17.6 billion in 2020 and is expected to reach $35.1 billion by 2030. This represents a compound annual growth rate (CAGR) of 7.2% from 2021 to 2030.

Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/12204

Key factors driving this growth include an increased use of inorganic chemicals in fertilizer manufacturing and a surge in their use within the pharmaceutical and building & construction sectors. However, health-related risks associated with inorganic and organic petrochemicals and oleochemicals have hindered market growth. On a positive note, a rise in the number of new chemicals is expected to create lucrative opportunities for market players in the future.

The COVID-19 pandemic had a significant impact on the global economy and consumer spending patterns, leading to challenges in the plastic industry due to factory closures and travel restrictions. The real estate sector was also severely affected, with supply chain closures and raw material availability issues due to government-imposed restrictions.

The report segments the Indonesia basic chemicals market by type, application, and sales channel. Organic petrochemicals accounted for over half of the market in 2020 and are expected to register the highest CAGR of 7.8% during the forecast period.

In terms of applications, the building & construction sector contributed around one-third of the market in 2020. However, the energy sector is expected to grow at the highest CAGR of 8.6% during the forecast period.

In the sales channel, B2B transactions dominated the market in 2020, accounting for more than four-fifths of sales. This segment is projected to register the highest CAGR of 7.4% during the forecast period.

The report also includes an in-depth analysis of key market players, including PT Asahimas Chemical, PT Mega Chemical Pratama, PT Dow Indonesia, Chandra Asri Petrochemical (CAP), BASF SE, PT. Lautan Luas Tbk, PT. Indonesia Acids Industry, Solvay, PT. Sumitomo Indonesia, and PT. Polychem Indonesia Tbk.

Obtain Report Details: https://www.alliedmarketresearch.com/indonesia-basic-chemicals-market-A11839

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.