PUBLICATION

Global Business Reports

AUTHORS

Ben Cherrington, Jason Spizer, Mariolga Guyon, Maria Filippova

Mexico Chemicals and Petrochemicals 2021

May 21, 2021

Economic turmoil in Mexico mirrored the Covid health tragedy in 2020, as GDP in Latin America’s second-biggest economy fell by 8.5%. However, certain segments of Mexico’s economy offer rays of hope, including its chemical industry, deemed essential by the government because it supplies raw materials to over 30 different sectors. 

To fully take advantage of Mexico’s vast domestic potential for growth, and position as a global manufacturing hub for the export market, the country must first iron-out structural issues that have held it back. The AMLO government’s policies, embodied by the issues surrounding Pemex, have resulted in a lack of feedstock for the country’s chemical industry. 

Despite the challenges, chemical supply to the pharmaceutical industry, sanitization products and raw materials for healthcare, agricultural products and packaging for the food industry have all remained strong throughout the crisis, and will play a fundamental role in Mexico’s economic growth in 2021, estimated by the World Bank to be in region of 3.7%.

RELATED INTERVIEWS MORE INTERVIEWS

Haldor Topsoe discusses the potential for energy transition in Latin America.
The Mexican Union of Agrochemicals Manufacturers and Formulators (UMFFAAC) describes the main themes impacting its members.
Cristian García of PROCCYT explains the dynamics influencing Mexico’s crop protecting sector.
FMC discusses the rise of sustainable products which have minimal residues on crops.

RECENT PUBLICATIONS

Mongolia Mining 2024 - Digital Interactive

Investors once came to Mongolia for its geology yet stumbled upon its legislative framework. How competitive Mongolia has become today, we will leave our readers to judge, hoping that this report provides them with the resources to make an informed assessment.

MORE PREVIOUSLY PUBLISHED

MACIG

"Namibia offers a compelling value proposition for investors looking to capitalize on the country's vast potential in the mining and energy sectors."

SUBSCRIBE TO OUR NEWSLETTER