Indonesia Basic Chemicals Market Size Expansion to Drive Significant Revenues in the Future

According to a report by Allied Market Research, the basic chemicals market in Indonesia reached $17.6 billion in 2020 and is projected to hit $35.1 billion by 2030, with a compound annual growth rate (CAGR) of 7.2% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/12204

The growth of the market is attributed to the increased use of inorganic chemicals in fertilizer manufacturing and their surge in the pharmaceuticals and building & construction sectors. However, concerns about health risks associated with inorganic and organic petrochemicals and oleochemicals have hindered market growth. Conversely, the 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 negative impact on the global economy, altering consumer spending patterns worldwide. The plastic industry faced challenges due to factory closures and travel restrictions, while the real estate sector suffered from supply chain disruptions and raw material shortages.

The report categorizes the Indonesia basic chemicals market based on type, application, and sales channel.

By type, the organic petrochemicals segment dominated the market in 2020, accounting for over half of the market share. This segment is anticipated to register the highest CAGR of 7.8% during the forecast period.

In terms of application, the building & construction segment held the largest market share in 2020, contributing to around one-third of the market. However, the energy segment is expected to exhibit the highest CAGR of 8.6% during the forecast period.

Regarding sales channels, the B2B segment was the largest in 2020, representing more than four-fifths of the market. This segment is also expected to register the highest CAGR of 7.4% during the forecast period.

Key players in the Indonesia basic chemicals market include 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.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/indonesia-basic-chemicals-market-A11839

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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.

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