Indonesia Basic Chemicals Market: A Bright Future Ahead with a CAGR of 7.2%

The Indonesia basic chemicals market, valued at $17.6 billion in 2020, is projected to grow at a robust CAGR of 7.2%, reaching $35.1 billion by 2030. This growth is primarily driven by the increased demand for inorganic chemicals in fertilizer production, as well as their expanding use in pharmaceuticals and the building & construction sectors. However, the market faces challenges, such as health risks associated with inorganic and organic petrochemicals and oleochemicals, which may limit growth. On a positive note, the emergence of new chemicals offers promising opportunities for market players.

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

Market Segmentation

By Type: The organic petrochemicals segment led the market in 2020, accounting for more than half of the market share. This segment is expected to maintain a dominant position and register the highest growth rate, with a CAGR of 7.8% during the forecast period.

By Application: The building & construction sector was the largest application segment in 2020, contributing to around one-third of the total market. However, the energy sector is projected to experience the highest CAGR of 8.6%, signaling growing demand in this area during the forecast period.

By Sales Channel: The B2B segment accounted for the largest share in 2020, representing more than 80% of the market. This segment is expected to continue its dominance and achieve the highest growth rate, with a CAGR of 7.4%.

Key Players:

Prominent market 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.

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

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