Global Business Reports


Lorena Stancu, Carola Gómez

Southeast Asia Chemical Week Report 2023

June 09, 2023

There is no doubt that the Asia Pacific (APAC) region, with its huge population and rapid economic development, is the most important market for the global chemicals industry. But even after taking India and China’s multi-billion populations out of the mix, one is left with a slice of great significance: The Southeast Asia (SEA) region, home to 600 million people spread across 11 countries, and with an aggregate economy growing faster than most others over the last 10 years.

However, this grand SEA population, the fourth largest trade bloc in the world after China, India, and Europe, is also one of the most diverse – the idiosyncrasies of language, culture, religion, geography, politics, and economy leaving the region fragmented and struggling to present itself as one. Broken up into individual countries, the region diminishes its global significance, as well as its collective force to attract investment.

Malaysia, Thailand, Indonesia, Vietnam, and The Philippines are all competing for foreign direct investment (FDI) in the chemicals sector. The region would become more competitive to international investors if it learned to act more as one – for instance, by developing upstream-to-downstream regional value chains and by focusing on complementary differentiating points, rather than competing ones. Investments in any ASEAN nation can benefit the entire region if these are guided to an equal extent by consid- erations of differentiation and integration. This would lead to the development of a complete and self-sustaining regional ecosystem.


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.


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."