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Singapore Chemicals 2018 Pre-Release
Home to over one hundred chemical manufacturers, and one of the world’s top 10 exporters of chemicals, Singapore is an undisputed powerhouse in the industry. 2018 marks Singapore’s Year of Climate Action, a testament to the island state’s commitment to the Paris agreement and pledge for sustainability. Having to tread carefully in an uncertain geopolitical climate, the city-state continues to invest in its strengths – talent, research and development, and technological advancement. Leveraging government support and strong solution partners, the chemicals industry is increasingly adopting advanced manufacturing practices whilst Asia’s exponential growth, shifting regulatory framework and growing consumer desires all pose a coveted opportunity for Singapore.
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In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.
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