Indonesia Basic Chemicals Market Opportunities: New Frontiers for Expansion

The Indonesia basic chemicals market is witnessing significant growth, driven by increased demand for inorganic chemicals in fertilizer production and expanding applications in the pharmaceutical and construction sectors. According to a report by Allied Market Research, the market was valued at $17.6 billion in 2020 and is projected to reach $35.1 billion by 2030, growing at a CAGR of 7.2% from 2021 to 2030.

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Key Growth Drivers:

- Fertilizer Manufacturing: Widespread use of inorganic chemicals in agriculture to boost crop productivity.

- Pharmaceuticals & Construction: Rising adoption of inorganic compounds in drug formulations and building materials.

However, the market faces challenges due to health-related risks associated with inorganic and organic petrochemicals, which could restrain growth. On a positive note, the emergence of new chemical formulations is expected to offer lucrative opportunities for market players.

Segment Highlights:

By Type:

Organic Petrochemicals held the largest market share in 2020 over half of the total-and are expected to grow at the fastest rate (CAGR of 7.8%).

By Application:

- Building & Construction emerged as the dominant segment in 2020, contributing around one-third of the market share.

- Energy sector is forecast to exhibit the highest CAGR of 8.6% during the forecast period.

By Sales Channel:

B2B segment accounted for more than 80% of market share in 2020 and is projected to maintain the highest CAGR of 7.4% through 2030.

Leading Market Players:

- 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
- PT Polychem Indonesia Tbk

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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.

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