1、LATIN AMERICAPETROCHEMICALS AND CHEMICALS2024GLOBA L BU SI NES S REP ORTS&A PLAMacroeconomic Overview-Sustainability-Petrochemicals-Specialty Chemicals-Chemical Distribution-Logistics Dear Reader,Manuel DazExecutive DirectorAPLAAlfonso TejerinaDirector and General ManagerGBRUse QR code to read this
2、report on any device.“When will the downcycle end?”This is the million-dollar question that more than 65 interviewees who contributed to this report would love to answer,and the truth is that there are different perspectives on how and when the sector will begin to show signs of recovery.However,one
3、 common thread among C-level executives throughout Latin Americas petrochemical and chemical value chain is that the market has changed,and traditional strategies are no longer enough to tackle todays challenges.Clearly,this is neither the first nor the last downcycle,but what stands out is that bot
4、h industries in Latin America embody resilience,showing their ability to adapt to diverse and adverse circumstances.Another key point echoed by our interviewees is their belief that each challenge presents a new opportunity,and for Latin America,the real rewards lie in the long term.The opportunitie
5、s for the region and the sector are immense:from nearshoring,which currently benefits Mexico and is expected to expand further south,to the develop-ment of clean energy sources and circular economies,supported by Brazils green potential and the promise of Vaca Muerta in Argentina.In this context,com
6、panies,regardless of their size,are adopting dynamic and innovative strategies,forging al-liances,and redesigning their business models to achieve both environmental and economic sustainability.There is a growing consensus that Latin America is becoming a critical region for further investment by th
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