Chemicals sector update | Q1 2024 M&A report

Articles

03 July 2024

  • The European chemical industry entered 2024 mired in weak demand, leading to falling prices amidst high energy and feedstock costs.
  • Europe’s competitiveness in global markets continues to weaken as Asian exporters benefit from discounted Russian hydrocarbons.
  • Greek chemical companies are advancing their sustainability plans and expanding their product portfolios.
  • All sub-sectors recorded gains in the first quarter of 2024, with the CASE sub-sector being the best performer.
  • Deal activity in 2023 was hindered by massive inventory destocking, weak demand, and rising rates.
  • European M&A activity is expected to see a minor but challenged rebound in 2024.