Mexican chemical industry sales distribution 2023, by product category

The chemical industry in Mexico is a diverse and important sector that contributes to the country’s economy and industrial development. Synthetic resins and petrochemicals are the most valuable products in the Mexican chemical industry in 2023, accounting for 44.3 and 22.2 percent of the sales value, respectively. Synthetic resins are polymers that can be molded or shaped and are used in various applications such as coatings, adhesives, laminates, and plastics. Petrochemicals are chemicals derived from petroleum or natural gas and are used to produce solvents, detergents, plastics, synthetic rubber, and other materials. Both synthetic resins and petrochemicals are important sources of industrial chemicals and plastics products that contribute to the country’s economy and industrial development.