Increase in use of inorganic chemicals in fertilizer manufacturing and surge in use of inorganic chemicals in the pharmaceuticals and building & construction sector have boosted the growth of the Indonesia basic chemicals market. The energy segment is projected to manifest the highest CAGR of 8.6% during the forecast period. The pandemic negatively affected the GDP in global economies and changed consumer spending patterns across the globe.
The global polyamide market report provides an in-depth study of the market dynamics such as drivers, restraints, opportunities, and the current market scenario. The polyamide market report also focuses on the subjective aspect of the industry. Furthermore, the study takes in the key findings, in regards to market overview and investment opportunities. At the same time, the report also encompasses the competitive landscape including comprehensive profiles of the major frontrunners in the industry. The leading players are considered based on their revenue size, product portfolio, market share, key marketing stratagems, and overall contribution to the market growth.
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The building & construction segment dominated the market in 2020, contributing to around one-third of the market. However, the energy segment is projected to manifest the highest CAGR of 8.6% during the forecast period.
Some ruling enterprises in the global Indonesia basic chemicals market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global Indonesia basic chemicals industry include PT Asahimas Chemical, PT Mega Chemical Pratama, PT Dow Inonesia, Chandra Asri Petrochemical (CAP), BASF SE, PT. Lautan Luas Tbk, PT. Indonesia Acids Industry.
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As per the report published by Allied Market Research, the Indonesia basic chemicals market was pegged at $17.6 billion in 2020, and is expected to reach $35.1 billion by 2030, growing at CAGR of 7.2% from 2021 to 2030.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the Indonesia basic chemicals market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the Indonesia basic chemicals market
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