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- How Indonesia's plasticizers market is reviving?
- As construction projects resumed and the automotive industry recovered, the market for plasticizers displayed a gradual rebound. Indonesia`s plasticizers market has seen substantial growth in recent years. Key players in this sector include Indo-Rama Synthetics (Indonesia) Tbk and PT Lautan Luas Tbk.
- Which companies manufacture plasticizers in Indonesia?
- Key players in this sector include Indo-Rama Synthetics (Indonesia) Tbk and PT Lautan Luas Tbk. These companies manufacture various types of plasticizers, including phthalate and non-phthalate plasticizers, which are essential in the production of plastics and rubber products used across various industries in the country.
- Who are the major players in the Indonesian plastics market?
- The Indonesian plastics market is consolidated. Some major players in the market (not in any particular order) include BASF SE, PT LOTTE CHEMICAL TITAN Tbk, PTT Global Chemical Public Company Limited, PT Polychem Indonesia Tbk, and TORAY INDUSTRIES INC., among others. TORAY INDUSTRIES, INC. Need More Details on Market Players and Competiters?
- How is plastic used in e-commerce in Indonesia?
- In Indonesia, the use of plastics for packaging goods is increasing in the e-commerce industry. For instance, according to Agriculture and Agri-Food Canada, the sales value of retail e-commerce in Indonesia was valued at USD 48.07 billion in 2022. It is forecasted to reach USD 90.47 billion in 2026.
- How big is the Indonesia plastics market?
- The Indonesia Plastics Market is expected to reach 7.36 million tons in 2025 and grow at a CAGR of greater than 4.5% to reach 9.17 million tons by 2030. BASF SE, PT LOTTE CHEMICAL TITAN Tbk, PTT Global Chemical Public Company Limited, PT Polychem Indonesia Tbk and TORAY INDUSTRIES, INC. are the major companies operating in this market.
- Why does Indonesia have a high demand for plastic products?
- Indonesia has experienced steady economic growth in recent years. As the economy expands, there is an increased demand for plastics across various sectors such as packaging, construction, automotive, and consumer goods. The growth of these industries drives the consumption of plastic products.
