America's Chemical Industry Chemical Industry in the Americas – Part 2: Brazil, Colombia and Chile
South America has overcome the crisis quickly. Now especially Brazil, the new Latin American powerhouse, aims for a place among the world's leading economies... More in the second part of our market report series "Chemical Industry of the Americas".
With growth-hungry industry, the domestic demand for basic chemicals, paints and plastics continues on high levels. With the increasing development of a wealthy middle class, the country has also a high demand for pharmaceuticals, cosmetics and personal care products that can not be satisfied with domestic products. This development offers big chances for foreign companies, state the market analysts of GTAI.
House building, aerospace industries or shipyards drive the demand for paints and coatings while the booming petrochemical industry – also fired by the Brazilian bi ofuels projects – needs process components and engineering services. Only recently, the Brazilian government announced plans for to build new refineries and chemical parks throughout the country.
Colombia Profits From Oil and Petrochemical Boom
Colombia has overcome the economy crisis of 2009, setting for a moderate growth thanks to its mining and oil industry but also the regained strength of its automotive industry. The Colombian production of basic chemicals has risen by 6.5 percent in the first half of 2011, GTAI figures show.