Russia’s chemicals industry has experienced ups and downs since its formation. Although the country was hit hard by the Great Recession, it appears to have bounced back and is now investing in modernizing highly outdated equipment and processes.
Abundant and competitively priced petroleum feedstock has spurred massive growth in Saudi Arabia’s chemicals industry over the past five decades. As the Kingdom faces competition from neighboring countries, it will diversify to ensure further growth.
Boosted by domestic and international companies, Argentina’s chemicals industry continues to grow as demand for its products increases— even in the face of challenges posed by feedstock availability and the need for increased investment.