Global Business Reports


Alice Pascoletti, Lindsay Davis, Alfonso Tejerina

Latin America Petrochemicals and Chemicals 2019 Pre-Release Edition

March 08, 2019

In a context of increasing population and growing middle classes, Latin America’s petrochemical and chemical industries are well-positioned for significant growth — if the region’s political and logistical challenges can be addressed. Global trade dynamics and the looming challenges associated with achieving sustainable operations are also key issues the industry must face, in addition to the particularities of each country in this diverse and dynamic part of the world. Consolidation through an uptick in M&A activity and an increasingly blurred line between distributors and logistical service providers are notable trends across the value chain that suggest competition is heating up in Latin America. 


Univar Solutions is expanding its business in the Latin America region through a series of acquisitions.
Chemical manufacturing company Oxiteno is exploting opportunities in the United States while maintaining an eye on economic recovery in Latin America.
The Government of Brazil looks to reduce logistics bottlenecks as part of its wider strategy to grow its GDP from 1.7% to 4% by 2022.
ABIQUIM is implementing a multifaceted strategy to increase the competitiveness of Brazil’s chemical industry.


Mexico Chemicals 2024

In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.



"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."