PUBLICATION

Chemical Week

AUTHORS

Alfonso Tejerina, Ben Cherrington, Maria Filippova

Latin America Petrochemicals and Chemicals 2021 - 2022 IHS CW Release

January 19, 2022

Latin America’s economy grew by over 6% in 2021, with the chemical and petrochemical industries being key components of this rebound. Demand for hygiene-related products, chemicals for agriculture and non-durable goods such as packaging remained robust, while markets which experienced lower demand in 2020, such as polystyrene and PVC, rebounded strongly. 

The year was without its challenges, as a constrained global supply chain highlighted the importance of establishing greater regional production in Latin America, a situation exacerbated by unprecedented logistics disruptions and a lack of domestic raw material feedstock.

As we move into 2022, perhaps the biggest topic is the acceleration of a global environmental agenda. Sustainability has become the overarching theme touching all facets of the chemical and petrochemical industries, influencing new forms of energy such as green hydrogen, and creating a new wave of business opportunities on the path towards a circular economy. Latin America, with its abundance of natural resources, is set to play a key role in this transition.

RELATED INTERVIEWS MORE INTERVIEWS

Haldor Topsoe discusses the potential for energy transition in Latin America.
The Mexican Union of Agrochemicals Manufacturers and Formulators (UMFFAAC) describes the main themes impacting its members.
Cristian García of PROCCYT explains the dynamics influencing Mexico’s crop protecting sector.
FMC discusses the rise of sustainable products which have minimal residues on crops.

MACIG

"The real danger is that some companies may still want to trade off the old business model of six years ago."

SUBSCRIBE TO OUR NEWSLETTER