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Christian Klingbeil
Partner, Deal Advisory - Valuation
KPMG AG Wirtschaftsprüfungsgesellschaft
+49 89 9282 1284 Christian
Klingbeil
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Current Issue:
The new edition of our newsletter on transactions in the global chemicals industry glances back at the significant deals that took place in 2023 and provides further insights on the industry’s market trends.
- Deal activity in the chemical sector was subdued in 2023 as compared to 2022. This slowdown can be mainly attributed to the rise in global conflicts as well as macroeconomic downturns in the form of tight monetary policies and elevated interest rates.
- These obstacles have curtailed deal activity across most geographies, although it registered an uptick in the Asia-Pacific and Latin America regions due to better economic stability and increase in petrochemical deals in the latter region.
- Continuing the trend of 2022, deal environment in 2023 was majorly driven by domestic transactions, as companies tried to revamp the supply chains to streamline availability and distribution.
- Despite uncertainties, deal-making is expected to pick-up in 2024, due to rising focus on stable economies, supply chain resilience and an anticipated decline in interest rates. Strategic transactions and ESG adoption will further strengthen this development.
