Mexican Chemical Plant units account for a well- known commodities powerhouse. Mexico is the region’s second-largest economy and second-most populous country. The country is rich in commodities and is showing new traces of economic dynamism. Mexico has always been well-positioned geographically to grow its economy through trade. Mexico has coastal access to both the Atlantic and the Pacific Oceans. This enables the chemical produced in the country to reach markets in Europe and the fast-growing Asia-Pacific region. Mexico is also involved in enormous values of trade with Canada and the United States through the North American Free Trade Agreement. NAFTA has enabled an increase in Mexican exports to the United States.
The petrochemical and chemical industry refers to the sector that produces basic raw materials. The operations in a Mexican Chemical plant involve manufacturing products that are used as raw materials for other industries and final consumption. The chemical and petrochemical sector plays an important role in modern economies. This sector contributes majorly to the development of other industrial sectors including environmental, energy, computing, etc. The different products in the chemical and petrochemical industry include inorganic and organic chemicals. Plastic resins, synthetic fibers, rubbers, and pesticides are also manufactured by the chemical sector.
The chemical industry is an essential part of the development of numerous production chains. The products of this industry are present in all activities of economic life. The chemical sector is a highly concentrated industry. The companies involved in the chemical sector are large and very competitive. In Mexico, the economic activities are grouped into three major sectors including the primary, secondary, and tertiary sectors. The primary sector consists of livestock, agriculture, mining, fisheries, and various other activities that directly exploit natural resources. The secondary sector includes the industries that transform raw materials into intermediate and final consumption products. The tertiary or the services sector includes the activities that complement the previous ones, although they do not produce tangible goods. These services include transport, trade, and financial services.
The Mexican chemical sector generated total revenue of USD 20.4 billion in the year 2018. The value reported represents an increase of around 18.5% in comparison to the previous year. The chemical sector contributes 10% to the nation’s gross domestic product (GDP). The Mexican chemical industry comprises 30 companies.
These companies offer direct employment to nearly 166,296 people. The Mexican chemical industry currently has a deficit of USD 32 billion by imports. The production capacity for a Mexican chemical plant can be optimised by studying the demand and production margins of this sector.
Chemical companies in the country
Industrias AlEn has a Mexican chemical plant in Monterrey. Industrias AlEn produces household cleaning products under various name brands like Pinol, Pinalen, etc. The sales office for the US and Caribbean markets is located in Houston. They produce chemicals like sodium hypochlorite, hydrochloric acid, and sodium hydroxide.
Unisource Chemicals is an Indian chemical company. They are exporters, suppliers, and manufacturers of various chemical products. Their main business regions are Mexico, India, and Brazil. The chemicals that they supply are mainly used for the coating, additives, dyes, specialty, and the pharmaceutical industry.
Pride Chemical Solutions is an authorized distributor for the world’s largest and most prestigious chemical and solvent producers. Pride chemical solutions market raw materials for chemicals, food, polymers, solvent sector, etc. Their chemical products are also used in the construction, pharmaceutical, mining, and textile industries. Pride chemical solutions ensure safety for all its employees and respect the state-wise environment and health regulations.
Disosa is a major chemical production and distribution firm in Mexico. They produce a wide range of chemicals in the industrial, mining, oil, gas, reagent, and sanitizer sectors. The chemicals Disosa produces include acetic acid, sulfonic acid, isopropyl alcohol, and borax, among many others. The company is well- equipped with modern equipment and technology. They operate throughout Mexico and have a highly-skilled group of employees.
Galvanoquimica Mexicana has more than 30 years of experience in the distribution of high- quality chemical products. The company has developed to serve its customers by distributing chemical products and equipment for the electroplating and chemical industry. The chemicals manufactured by Galvanoquimica Mexicana include boric acid, chromic acid, formic acid, and sodium bicarbonate among many others.
PEMEX Petrochemicals works closely with private enterprises manufacturing fibers, plastics, synthetics, etc. This company produces, commercializes, and distributes low-density, high-density ethylene oxide, polyethylene, ethylene, etc. PEMEX Petrochemicals also manufacture styrene, benzene, methanol, and xylem. The main activities include petrochemical non-basic processes. The products are derived from the first transformation of PEMEX natural gas, propane, methane, and naphtha.
The chemical industry in Mexico has a promising future. It is the country in Latin America where energy cost is the lowest in the world. The chemical companies should collaborate with the government in boosting investments in this sector. The global manufacturing companies are diversifying their supply chains due to the risk of relying on China. Therefore, they will seek to invest in other destinations, and Mexico can prove to be an attractive alternative to it.