In a context of increasing population and growing middle classes, Latin America’s petrochemical and chemical industries are well-positioned for significant growth — if the region’s political and logistical challenges can be addressed. Global trade dynamics and the looming challenges associated with achieving sustainable operations are also key issues the industry must face, in addition to the particularities of each country in this diverse and dynamic part of the world. Consolidation through an uptick in M&A activity and an increasingly blurred line between distributors and logistical service providers are notable trends across the value chain that suggest competition is heating up in Latin America.