Indonesia Plastic Resin Market Size & Outlook, 2023-2030
Indonesia plastic resin market, 2018-2030 (US$M)
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Indonesia plastic resin market highlights
- The Indonesia plastic resin market generated a revenue of USD 4,299.8 million in 2023 and is expected to reach USD 19,267.8 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 23.9% from 2024 to 2030.
- In terms of segment, polystyrene foam was the largest revenue generating type in 2023.
- Melamine Foam is the most lucrative type segment registering the fastest growth during the forecast period.
Plastic resin market data book summary
| Market revenue in 2023 | USD 4,299.8 million |
| Market revenue in 2030 | USD 19,267.8 million |
| Growth rate | 23.9% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene foam |
| Fastest growing segment | Melamine Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyurethane Foam, Polystyrene Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Other Types |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Toray Industries Inc, Mitsui Chemicals Inc, Teijin Ltd, LG Chem, Avient Corp |
Other key industry trends
- In terms of revenue, Indonesia accounted for 3.2% of the global plastic resin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China plastic resin market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 25,065.9 million by 2030.
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Plastic Resin Market Scope
Plastic Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Indonesia plastic resin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plastic resin market will help companies and investors design strategic landscapes.
Polystyrene foam was the largest segment with a revenue share of 37.49% in 2023. Horizon Databook has segmented the Indonesia plastic resin market based on polyurethane foam, polystyrene foam, pvc foam, phenolic foam, polyolefin foam, melamine foam, other types covering the revenue growth of each sub-segment from 2018 to 2030.
Indonesia is the fourth-largest country in terms of the global population, with many affluent middleclass. The country accounts for a huge demand for plastic resins due to the presence of domestic manufacturing industries, industrial environment, and positive trade relations with neighboring countries.
To support the local plastic industry and to incentivize the country’s plastic production, the Indonesian government initiated a scheme stating that 70% of the total plastic consumed domestically should be produced in local manufacturing plants.
However, the domestic manufacturers heavily rely on the import of raw materials (40%) such as polyethylene and propylene from countries including Malaysia, Singapore, the U.S., and Thailand. Polycarbonate product segment is expected to witness significant growth over the forecast period owing to rising application in electrical & electronics and building & construction segments.
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Horizon Databook provides a detailed overview of country-level data and insights on the Indonesia plastic resin market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia plastic resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Indonesia plastic resin market size, by type, 2018-2030 (US$M)
Indonesia Plastic Resin Market Outlook Share, 2023 & 2030 (US$M)
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