Transition to greener products may be challenging, but it’s feasible. However, achieving scale will be a significant hurdle in a world where demand for green materials will soon outstrip supply if targets and commitments are taken seriously.
As demand for recycled content accelerates and the economics of recycling reaches a new level, there is an opportunity to bring challenging plastics into the recycling stream.
The country’s chemical sector could double in size. A shift toward sustainable products, regionalization, and emerging value pools offers an opportunity to fulfill Mexico’s potential.
Circularity alone won’t stop leakage. Emerging economies still need to have proper waste management systems for their plastic and other materials.
A paradigm shift in automotive purchasing linked to the electric-vehicle transition is creating a major growth opportunity for chemical companies.