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Continued Growth Momentum in Oil and Gas and Petrochemical Industries
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The successful economic development of Latin American regions is continuing to fuel demand for positive displacement pumps, especially as increasing investment in industrial activity expands product application opportunities. Regional attention to the exploitation of oil and gas resources, as well as the general need for basic chemicals, provides positive displacement pump manufacturers with an attractive market outlook. This research covers 7 industries including oil and gas, chemical, food and beverage, and water and wastewater. The regional breakdown comprises Argentina, Brazil, Colombia, Mexico, and Venezuela. Research was conducted using primary and secondary sources that were validated in order to provide the most accurate data.
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