Chemical Industry

Chemical Industry in the Americas – Part 1: North America

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Record Growth of the Canadian Industry Slows Down...

With sales increased by 5 percent according to the Chemistry Industry Association of Canada, Canadian companies saw moderate growths in 2011. These, figures, although still good, are far below the astonishing 14 percent grow of Canada's chemical industry in 2010, as foreign markets struggle and the high exchange course of the Canadian Dollar affects the export–oriented industry.

Especially Canada's number one export market, the United States are not believed to stimulate further grow in the near future. On the domestic market, a low demand from automobile and pulp and paper industries dampens the expectations. Pharmaceuticals are expected to grow by roughly two percent in 2012, IMS Health expects.

Mexico: Pharmaceuticals and Specialities Boom in Central America

In Mexico, a growing demand for cars and personal transport drives the demand for chemical goods such as plastics and paints. Also the robust growth of pharmaceuticals is expected to continue, although a strong competition from generic drugs.

Since antibiotics have become prescription required in 2010, their sales have significantly decreased, despite a growing demand by public health insurance companies. Long–time delivery contracts between private investors and Pemex, the public monopolist for most basic chemicals increase the planning reliability and could generate additional growth for the domestic chemical industry, analysts expect....

Brazil, Colombia and Chile – The Chemical industry emerges in Latin America. Read more in the next part of our market report – Chemical Industry in the Americas – Part 2: Brazil, Colombia and Chile

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