Global Plasticizer Demand To Rise On Dynamic Development Indonesia

  • Global Plasticizer Demand To Rise On Dynamic Development Indonesia
  • Global Plasticizer Demand To Rise On Dynamic Development Indonesia
  • Global Plasticizer Demand To Rise On Dynamic Development Indonesia
  • What is the growth rate of Indonesia plastics market?
  • Indonesia Plastics Market size is estimated to grow at a CAGR of around 6.5% during the forecast period 2024-30, the rising demand for eco-friendly recycled plastics is one of the key trends shaping the Plastics Market growth in Indonesia.
  • 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.
  • 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.
  • Does Indonesia have a plastic industry?
  • The Indonesian plastic and plastic products industry is gradually recovering. In 2022, Indonesia's imports of plastics and their products increased by 17.9% year-over-year, reaching US$11.2 billion, making it the 19th largest importer of plastics and their products globally.
  • How big is the Indonesia plastics market in 2024?
  • Images must be attributed to Mordor Intelligence. Learn more The Indonesia Plastics Market is expected to reach 7.04 million tons in 2024 and grow at a CAGR of greater than 4.5% to reach 8.88 million tons by 2029.
  • How does urbanization affect the consumption of plastic products in Indonesia?
  • The growth of these industries drives the consumption of plastic products. In addition, Indonesia is undergoing significant urbanization, with a growing urban population. Urbanization often leads to increased demand for plastic products for construction, infrastructure development, and consumer goods.

Recommended hot-selling products