Global Chemicals Industry Continues To Consolidate

Aug. 2, 2017
The second quarter of 2017 saw 30 transactions with a total value of $20.4 billion.

PwC releases its Q2 Global Chemicals M&A Deals Insights for the chemicals sector. According to the report, the global chemicals industry continues to consolidate, although at a much lower rate than the peak of M&A activity of a year ago.  The second quarter of 2017 reportedly saw 30 transactions with a total value of $20.4 billion, up 35% over the previous quarter.  Three megadeals, valued at $1B or greater, accounted for 69% of deal value. According to PwC, a slower first half of 2017 may reflect the current economic environment, as both the U.S. and China are cautious of a looming economic slowdown.

M&A activity between the US and Europe has reportedly been the most active. The report cites transactions such as Dow/DuPont, Bayer/Monsanto, Praxair/Linde and this quarter’s Clariant/Huntsman as demonstrating cooperation across the Atlantic. With sparse opportunity for organic growth, the market continues to depend on M&A for market share expansion and improved profitability, according to the report.

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