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. However, health-related risks associated with inorganic and organic petrochemicals and oleochemicals hinder the market growth. On the contrary, rise in number of new chemicals is expected to open lucrative opportunities for the market players in the future.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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On the basis of application, 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.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
Based on sales channel, the B2B segment held the largest share in 2020, accounting for more than four-fifths of the market. In addition, the segment is anticipated to register the highest CAGR of 7.4% during the forecast period.
The Indonesia basic chemicals market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Indonesia Basic Chemicals Companies Covered Market:- PT Asahimas Chemical, PT Mega Chemical Pratama, PT Dow Inonesia, Chandra Asri Petrochemical (CAP), BASF SE, PT. Lautan Luas Tbk, PT. Indonesia Acids Industry, Solvay, PT. Sumitomo Indonesia, and PT. Polychem Indonesia Tbk and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Indonesia basic chemicals market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Indonesia basic chemicals market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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