A Global Business Reports publication, presented with IHS Chemical Week Argentine Chemicals Industry This research has been conducted by Amanda Lapadat and Vanessa Acuna of Global Business Reports. For more information, contact
[email protected] or follow us on Twitter: @GBReports The chemical sector is an inte- findings: “Our forecast shows that the INGENUITY AND gral part of Argentina’s economy, with chemical industry in Argentina has above average growth rates in compari- the opportunity to grow 100% over the ADVERSITY son to other sectors, at 10.5% average next 10 years under ideal growth scenar- annual growth from 2007 to 2011, making ios. In general, all chemical producers it the most dynamic sector in the coun- have good growth potential in the local Argentina’s major growth occurred try’s economy. market as the economy is growing at 8% from the 1880s to early 1900s In 2010, the sale of chemical per year and the demand for chemicals is exporting livestock and grains, products in Argentina totaled $25.4 increasing.If we look at the petrochemi- billion, with the industry exporting cal sector, we have a limit posed by the which brought the rapid economic $5.85 billion worth of chemical prod- scarcity of raw materials, in particular expansion to become one of the ucts in the same year making it the sec- natural gas. The Department of Energy in ond largest market in South America the US has evaluated the impact of the wealthiest countries per capita. It has (see Figure 1). According to data from potential recovery to have the potential experienced various reversals since Argentina’s Chamber of the Chemical for 500 years of reserves for the coun- then, including decades of decline and and Petrochemical industries (CIQyP), try.The government is trying to deal with basic chemical substances and prod- this matter and there is good growth po- the occasional default.