In 2024, dual elections in Mexico and the U.S. significantly impacted the economic landscape in Mexico. The election of Claudia Sheinbaum in Mexico marks a continuation of the Morena party's agenda. This has sparked concerns in the business community, as the proposed reforms include opening judicial appointments to popular vote, raising fears about the rule of law. On the other hand, the government has also committed to enhancing Mexico's chemical industry, including investments in renewable energy and increasing domestic petrochemical production, as part of its efforts to build the 'second floor' of Mexico's 'fourth transformation.'

To the north, Donald Trump's election has thrown a spanner in the works of North American integration, and back-and-forth tariff threats and suspensions are unnerving to industry, especially as the 2026 USMCA review is looming. In response to these changes, private-public dialogue in Mexico is back on track, though concerns remain about regulatory efficiency. Companies are exploring new markets and focusing on innovation to stay competitive.

Mexico's chemical industry faces challenges in securing a reliable feedstock supply and maintaining global competitiveness. A shift towards sustainable energy and local production could provide long-term growth opportunities, and some sectors are booming, including Mexico's dynamic chemical distribution market.