"While East Asian countries like Korea and Japan have reached a high level of economic maturity, with moderate growth expectations, Southeast Asia is waiting for the ‘big bang’ and is ready to take off."
SENIOR PARTNER, HEAD OF ASIA CHEMICALS AND COMMERCIAL EXCELLENCE PRACTICES, BAIN & COMPANY
"A lot of the requests we receive from our clients are around doubling down on costs, becoming more efficient in conversion, produce higher grade polymers, and commercial excellence."
SOUTHEAST ASIA AREA DIRECTOR, OILFIELD SERVICES AND EQUIPMENT (OFSE), BAKER HUGHES
"Demand is growing every year. This is driven by the fact that most Southeast Asian countries struggle to meet annual production targets, creating a gap for improvements."
"We have evolved our business by diversifying into the decarbonization aspect, having consultancy services, developing carbon tools for the specialized tanker sector, and hosting the first-of-its-kind seminar specifically dedicated to this sector."
VICE PRESIDENT, ENERGY AND RENEWABLES, CHEMICALS AND MATERIALS, SINGAPORE ECONOMIC DEVELOPMENT BOARD (EDB)
"Last year, Singapore attracted close to US$9.6 billion in fixed asset investments; interestingly, the energy and chemical sector led the way, accounting for 35.6% of the total FDI."
VICE PRESIDENT, CHEMICAL SPECIALTIES LIMITED (CSL)
"As a manufacturing service provider for multinationals we are privileged to have become an important business partner as they redraw their supply chain footprint and build local capacity."
The Latin America Petrochemicals and Chemicals 2024 report, produced in alliance with APLA, explores the current state of these industries, the challenges they face, and the opportunities they offer.