1、Dear Reader,Global Business Reports(GBR)is delighted to present the 2023 edition of its annual guide to Mexicos chemical and petrochemical industries.For this report,we interviewed business leaders and industry representatives throughout the complete chemical value chain,including associations,pro-d

2、ucers,distributors,logistics providers,and service companies.The report covers the various sub-segments of the chemical industry,ranging from crop protection to specialty chemicals.Over the first ten months of 2022,Mexico exported 20%more products to the United States than it did during the same per

3、iod the year before.The global trend towards regionalization is lifting the entire Mexican indus-trial sector,but for the chemical industry in particular,2022 was a year of nearshoring-driven growth.However,the persistent shortage of raw materials that constrained the in-dustry over the past several

4、 years remains a challenge.Continuing logis-tics challenges and burdensome government regulation exacerbated the feedstock insufficiencies.The proposed electricity reform,which will raise energy costs,and reform to the General Health Law,which will ban vital crop protection products,remain an ongoin

5、g threat.The trend observed across the industry has been a focus on ensuring adaptability and flexibility through strengthened processes.Companies invested in the incorporation of digital technologies,the regionalization and diversification of supply chains,and investment in improved energy efficien

6、cy and resource management.2022 was a year of transition,dur-ing which companies all along the industry value chain implemented new systems in response to the difficult lessons of the previous two years.As a result,Mexicos chemical sector in 2023 is technologically advanced and significantly more su