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. 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.

By A Silva