Facing spiraling costs, looming skills shortages, and the decarbonization imperative, manufacturers of chemicals and agricultural products can’t afford to stand still.
A full-potential transformation could prepare petrochemical players for challenging market conditions.
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.