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Chemicals
The chemicals industry covers a number of sectors from petrochemicals through to specialities. The sector is undergoing rapid change with accelerating globalisation and recent high raw material and oil and gas prices.
Drawn by a strong market potential for chemicals, traditional players are moving into Asia, especially to China, while new Asian entrants are experiencing strong growth rates. The Middle East and Russia, with their cost-efficient natural reserves and abundance of feedstock, are gaining attractiveness for petrochemicals, basic chemicals, and polymers. In traditional Western markets, margins are eroding, in particular because of continuous price pressure, dwindling demand growth, and the lack of “real” innovation.
As a result, chemical companies must develop new strategies to increase profitability and take advantage of opportunities in high-growth markets and regions. In addition, mergers and acquisitions are regaining importance as a way for chemical companies to optimise their business portfolio and increase market share with private equity investors playing an important role.
Drawing on our foresight, proven industry expertise and our deep and diverse functional expertise, Booz & Company is dedicated to creating and delivering the essential advantage organisations need to thrive in a changing world.
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