1、MEXICOCHEMICALS2024Economy-Chemicals-Petrochemicals-AgrochemicalsSpecialty Chemicals-Paints and Coatings-Distribution&LogisticsGBR SERIESIn 2023,the United States imported more from Mexico than from China for the first time in decades.As businesses focus on securing their supply chains after a perio

2、d of logistics challenges and amid continued geopolitical upheaval,Mexico is poised to ben-efit.The country is well positioned for economic growth,with several new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec.The chemical industry is a core player in a stro

3、nger Mexican industrial sector.Nonetheless,2023 was a challenging year for Mexicos chemical industry.Prices across the chemical and petrochemical industry were depressed globally.Locally,feedstock shortages continued to hamper growth,with Pemex remaining an unreliable source of raw material.New gove

4、rnment regulation,including a ban of glyphosates and stringent restrictions on drug precursors,have complicated operational planning.In a complex political and economic landscape,the Mexican chemical industry has tried to develop a unified approach to policy and government relations.The countrys div

5、erse array of chemicals businesses focused on incorporating advanced technologies and im-plementing their ambitious sustainability agendas.A focus on operational efficiencies led to investment in capacity building and innovation.The Mexican chemical industry is in a good position for growth in 2024.

6、This is the macroeconomic picture in which Global Business Reports(GBR)is pleased to present the 2024 edition of its guide to Mexicos chemical and petrochemical industries.To compile this report,we interviewed more than 90 business leaders and representa-tives across the complete value chain of the