Market Size of Indonesia Oil and Gas Downstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Indonesia Oil & Gas Downstream Market Analysis
The Indonesian oil and gas downstream market is expected to register a CAGR of more than 4% during the forecast period 2022-2027. The COVID-19 outbreak in Q1 2020 led to declines in the refining and petrochemical production output. Factors such as increasing demand for petrochemical products, growing oil and gas consumption, surging investments in the refinery, and petrochemical projects are expected to drive the oil and gas downstream market during the forecast period. However, an increase in the adoption of electric vehicles is expected to hinder the growth of the oil and gas downstream market.
The refinery segment is expected to dominate the market during the forecast period, owing to increasing refining capacities across the country.
Digitalization and modernization of the refining and petrochemical sectors are expected to reduce refining costs. This, in turn, is expected to create an opportunity for the market during the forecast period.
Growing oil and gas consumption in the country is expected to be the major driver for the Indonesian oil and gas downstream market during the forecast period.
Indonesia Oil & Gas Downstream Industry Segmentation
The Indonesian oil and gas downstream market report includes:
Indonesia Oil and Gas Downstream Market Size Summary
The Indonesian oil and gas downstream market is poised for growth, driven by increasing demand for petrochemical products and rising oil and gas consumption. The market is expected to experience a steady expansion, with the refinery segment anticipated to lead due to enhanced refining capacities and investments in modernization and digitalization. These advancements are expected to lower refining costs, creating further opportunities for market growth. Despite the potential hindrance posed by the rise in electric vehicle adoption, the overall outlook remains positive, supported by significant investments from key players like PT Pertamina and international companies such as TotalEnergies SE and Chevron Corporation.
The market's growth is further bolstered by Indonesia's strategic plans to double its oil refining capacity, reducing reliance on imported fuel products. This expansion is part of a broader trend of increasing domestic petroleum demand, driven by a growing economy and industrial sector. Major investments in petrochemical projects, such as those by Chandra Asri Petrochemical and Lotte Chemical, underscore the market's potential. The moderately consolidated market structure, with key players holding significant shares, is expected to continue driving the Indonesian oil and gas downstream market forward during the forecast period.
Indonesia Oil and Gas Downstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Refining Capacity and Forecast, in million barrels per day, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION - BY TYPE
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2.1 Refineries
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2.2 Petrochemical Plants
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Indonesia Oil and Gas Downstream Market Size FAQs
What is the current Indonesia Oil and Gas Downstream Market size?
The Indonesia Oil and Gas Downstream Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Indonesia Oil and Gas Downstream Market?
PT Pertamina(Persero), TotalEnergies SE, Chevron Corporation, Exxon Mobil Corporation and Shell plc are the major companies operating in the Indonesia Oil and Gas Downstream Market.
