인도네시아의 석유 및 가스 다운스트림 시장 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, Indonesia oil and gas downstream market size in 2026 is estimated at USD 2.29 billion, growing from 2025 value of USD 2.18 billion with 2031 projections showing USD 2.9 billion, growing at 4.88% CAGR over 2026-2031.

This report is Segmented by Type (Refineries and Petrochemical Plants), Product Type (Refined Petroleum Products, Petrochemicals, and Lubricants), and Distribution Channel (Direct Sales/Wholesale, Distributors/Commercial, and Retail). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

Indonesia Oil And Gas Downstream Market Trends and Insights

Government Push to Expand Domestic Refining Capacity

Indonesia doubled its planned additions from 500,000 to 1 million barrels per day across 16 sites, creating regional hubs that cut logistics costs and lift energy security. Balikpapan's upgrade, now 91% complete, illustrates the technical depth and capital outlay required for Euro-4 fuel compliance. Distributed capacity also aligns with the industrial policy that shifts value from raw exports to processed fuels. Success hinges on securing crude supplies and training personnel capable of operating advanced hydrotreaters. The program positions Indonesia to reduce import dependence while supporting future petrochemical integration.

Rising Domestic Fuel Demand from Transport & Industry

GDP growth and urbanization accelerate vehicle ownership, aviation traffic, and factory output, stretching local supply and raising import bills. Infrastructure, such as new toll roads and industrial estates, deepens regional fuel demand. Aviation route expansion increases jet-fuel needs, which require higher-spec refiners. Sustained demand gives investors confidence despite crude price swings, yet it magnifies exposure to external oil-price shocks.

Environmental and Decarbonization Pressures on Fossil Assets

Indonesia's Net Zero 2060 pledge attracts stricter emission rules and potential carbon pricing that inflate operating costs. Global lenders deploy ESG filters, limiting finance for traditional plants unless carbon-capture modules are integrated. Extended permitting and civil-society scrutiny can hold back new builds, raising the specter of stranded assets as cleaner energy alternatives scale up. Operators must weigh near-term demand against long-run climate liabilities.

Other drivers and restraints analyzed in the detailed report include:

1. Surge in Investments for World-Scale Petrochemical Complexes
2. Implementation of B35-to-B40 Biodiesel Mandate
3. Chronic Delays and Cost Overruns in Refinery Megaprojects

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Refineries remained the backbone, with a 63.32% share of Indonesia's oil and gas downstream market in 2025, underpinned by government programs aimed at doubling national throughput. The Indonesian oil and gas downstream market size attributed to refineries is forecast to expand steadily through 2031 as Balikpapan and Tuban come online. Margins, however, face pressure from higher environmental compliance costs and tighter regional competition. Petrochemical plants, aided by world-scale complexes, are projected to record a 6.55% CAGR, reflecting shifting value toward higher-margin chemicals. International majors supply advanced process technology and capital, while domestic firms provide regulatory insight and local logistics.

The integration trend blurs the boundaries between refinery and chemical operations, allowing for shared feedstock optimization and an economy of scope. Combined sites capture naphtha streams for cracker units, improving overall utilization. Workforce challenges persist, as high-skill engineers often migrate abroad, prompting the development of joint training programs. Government oversight ensures safety and environmental performance, though enforcement consistency varies across provinces.

Complete Report Scope:

• By Type
  • Refineries
  • Petrochemical Plants
• By Product Type
  • Refined Petroleum Products
  • Petrochemicals
  • Lubricants
• By Distribution Channel
  • Direct Sales/Wholesale
  • Distributors/Commercial
  • Retail

List of Companies Covered in this Report:

1. PT Pertamina (Persero)
2. PT Kilang Pertamina Internasional
3. PT Perusahaan Gas Negara Tbk
4. PT Chandra Asri Petrochemical Tbk
5. TotalEnergies SE
6. Shell plc
7. Chevron Corporation
8. Exxon Mobil Corporation
9. BP plc
10. Eni S.p.A.
11. PETRONAS
12. Sinopec (China Petroleum & Chemical Corp.)
13. China National Petroleum Corp.
14. PT Trans-Pacific Petrochemical Indotama
15. Lotte Chemical Titan
16. PT Pupuk Kalimantan Timur
17. ConocoPhillips
18. PT Medco Energi Internasional Tbk
19. Korea National Oil Corp.
20. PT Badak NGL

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Government push to expand domestic refining capacity
  • 4.2.2 Rising domestic fuel demand from transport & industry
  • 4.2.3 Surge in investments for world-scale petrochemical complexes
  • 4.2.4 Implementation of B35 biodiesel blending mandate
  • 4.2.5 Mandatory Euro-4 sulfur limits driving refinery upgrades
  • 4.2.6 Airport network expansion spurring jet-fuel value-chain projects
• 4.3 Market Restraints
  • 4.3.1 Environmental & decarbonization pressures on fossil assets
  • 4.3.2 Chronic delays & cost overruns in refinery megaprojects
  • 4.3.3 Shortage of advanced downstream technical workforce
  • 4.3.4 Margin squeeze from Singapore/Malaysia hub competition
• 4.4 Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Refining Capacity Analysis
• 4.8 Porter's Five Forces
  • 4.8.1 Threat of New Entrants
  • 4.8.2 Bargaining Power of Suppliers
  • 4.8.3 Bargaining Power of Buyers
  • 4.8.4 Threat of Substitutes
  • 4.8.5 Competitive Rivalry
• 4.9 PESTLE Analysis

5 Market Size & Growth Forecasts

• 5.1 By Type
  • 5.1.1 Refineries
  • 5.1.2 Petrochemical Plants
• 5.2 By Product Type
  • 5.2.1 Refined Petroleum Products
  • 5.2.2 Petrochemicals
  • 5.2.3 Lubricants
• 5.3 By Distribution Channel
  • 5.3.1 Direct Sales/Wholesale
  • 5.3.2 Distributors/Commercial
  • 5.3.3 Retail

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, Partnerships, PPAs)
• 6.3 Market Share Analysis (Market Rank/Share for key companies)
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 PT Pertamina (Persero)
  • 6.4.2 PT Kilang Pertamina Internasional
  • 6.4.3 PT Perusahaan Gas Negara Tbk
  • 6.4.4 PT Chandra Asri Petrochemical Tbk
  • 6.4.5 TotalEnergies SE
  • 6.4.6 Shell plc
  • 6.4.7 Chevron Corporation
  • 6.4.8 Exxon Mobil Corporation
  • 6.4.9 BP plc
  • 6.4.10 Eni S.p.A.
  • 6.4.11 PETRONAS
  • 6.4.12 Sinopec (China Petroleum & Chemical Corp.)
  • 6.4.13 China National Petroleum Corp.
  • 6.4.14 PT Trans-Pacific Petrochemical Indotama
  • 6.4.15 Lotte Chemical Titan
  • 6.4.16 PT Pupuk Kalimantan Timur
  • 6.4.17 ConocoPhillips
  • 6.4.18 PT Medco Energi Internasional Tbk
  • 6.4.19 Korea National Oil Corp.
  • 6.4.20 PT Badak NGL

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-need Assessment