Like many industries, the chemical industry is benefiting from advancements in artificial intelligence (AI), machine learning (ML), and cloud computing capabilities. Both large tech companies and small startups are capitalizing on the capabilities of AI to spur development in the chemical industry. Research and development, process design, supply chain management, and predictive maintenance are the…
The global chemical industry struggled in 2023. The year was marked by rising inflation rates and low demand from major markets. With China still in recovery, the growth the industry was hoping for never came to fruition. In 2024 we expect things to stay the course and see no drastic changes up or down in…
U.S. private equity (PE) deals declined in value by 30% in 2022 from the record high of 2021 but dry powder changed marginally. Materials and resources were hard hit and deal value and transactions both fell by ~70% and ~40%, respectively. (Figure 1) Figure 1: Private equity deals and assets Plastics M&A also fell from…
Chemical companies, similar to a broad range of corporate sectors, are under pressure from investors and consumers to improve Environment, Social, and Governance (ESG) practices across their entire value chain. Chemical companies are particularly being held accountable for sourcing raw materials responsibly as well as improving the recyclability of products produced by downstream industries. Due…