Petrochemical and plastic sector served second highest, amounted to USD $ 559.21 billion.


Posted December 10, 2021 by insightsanddata

Petrochemical and plastic sector served second highest, amounted to USD $ 559.21 billion.
 
• Global trade disputes, tightening environmental regulations and structural challenges in key end markets, such as automotive, have challenged the chemicals industry in recent years. Subsectors, such as paints and coatings and plastics manufacturing, have lost profitability and continued to increase debts. Chemical's businesses have to deal with cost pressure and uncertainty, both amplified by the COVID-19 pandemic.

• Value of M&A in chemicals in 2019 was among the highest of all times. In 2019, the value of M&A deals in the banking, insurance and financial services the highest, amounted to $ 721.32 billion U.S. dollars and the M&A deals in the chemical, petrochemical and plastic sector served second highest, amounted to USD $ 559.21 billion.

• Chemicals-related M&A seems to provide attractive opportunities despite complex deal surroundings. Financial distress is historically a major M&A driver due to relatively attractive company valuations. In addition, companies intend to recapture lost market shares and margins.

Read More :- https://www.pukkapartners.com/publication-sector/mergers-acquisitions-ma-in-chemical-industry

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Issued By Abhay Singh
Country United States
Categories Business
Last Updated December 10, 2021