Latin America is a region of immense diversity, from Mexico to Patagonia, making it hard to discuss without relying on stereotypes. While this diversity may seem challenging for business, it is also what makes the region stand out. Despite uncertainties, such as the unknown timeline for the chemical and petrochemical industry downturn or concerns over feedstock shortages, one thing is clear: Latin America is defined by resilience and opportunity. Many see this as an invitation to explore new investments in renewable energy, advanced technology, and greener products, with companies forming partnerships that boost local economies.

Latin America is a marathon, not a sprint. While nearshoring in Mexico is already reshaping supply chains, similar effects will likely extend further south. In Argentina, Patagonia’s resources, especially Vaca Muerta, signal a long-term growth strategy. Brazil's chemical industry is uniting to combat the influx of foreign products threatening local production. Ultimately, the region's abundant natural resources and skilled workforce enable it to navigate global challenges and geopolitical shifts.

The Latin America Petrochemicals and Chemicals 2024 report, produced in alliance with APLA, explores the current state of these industries, the challenges they face, and the opportunities they offer.