America's Chemical Industry Chemical Industry in the Americas – Part 2: Brazil, Colombia and Chile

Editor: Dominik Stephan

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".

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We move on to South America: Brazil, Colombia and Chile - The second part of our series "The Chemical Industry of the Americas".
We move on to South America: Brazil, Colombia and Chile - The second part of our series "The Chemical Industry of the Americas".
(Picture: Wikimedia Commons)

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.

More about Brazil? Read on in "Brazil – Growing from the Shadows With Renewable Resources"!

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.

Learn more about the chemical industry in the US, Canda and Mexico in the first part of our series "Chemical Industry of the Americas"!

The government's intend to expand the national petrochemical industry has recently resulted in the building of a new refinery at Cartagena. In the medium–term, Colombia could thereby become independent of low sulphur fuel imports, insiders expect. With these impulses for the country's oil and gas industry, now foreign investors show interest in co-operation with the mostly public Colombian Ecopetrol.

High Demand for Imported Polymer Products in Chile

Cosmetics and personal care products boom in Chile: 2011, sales increased by around eight percent to US $ 2.375 million. Now analysts expects further annual growth rates of around five percent, roughly the same as for pharmaceuticals and remedies.

The plastics and polymer industry, former bearer of hope, performed disappointing, generating losses in early 2011 in both sales and outputs. In the mean time, the demand for polymers was catered by imported goods: Especially manufacturers of semi–finished or finished products could boost their sales by nearly 20 percent until July 2011 to around US $ 700 million.

Peru and Argentina – The Chemical industry emerges in Latin America. Read more in the next part of our market report 'Chemical Industry in the Americas' – coming soon!

Learn more about the chemical industry in the US, Canda and Mexico in the first part of our series "Chemical Industry of the Americas"!

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