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.