Market Research Shows Chemical Companies Looking To Invest

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2nd November 2012 12:45 - Chemicals

A recent market research survey, conducted by KPMG, has shown that the global chemical business sector is prioritising investments and acquisitions to promote growth.

Of 156 senior executives who responded, only one in ten felt an economic recovery by the end of 2013 was likely.  This figure is down on the 2011 survey, which found more than a quarter (26%) expected recovery by the end of 2012.

In 2011, 70% of companies said they had substantial cash available. This figure has risen to 72% in 2012, with more than half (51%) saying they have more cash available than last year.

Of the senior executives who responded, 63% say their companies plan to increase capital spending in the next twelve months.

Globally, companies indicated that high priority investment areas are new products and services (35%) and new business acquisitions (33%). In Europe, 52% of respondents said they predict investments to occur in Q4 2012 or Q1 2013.

Nine out of ten respondents said their organisations are likely to be involved in a merger or takeover in next two years, an increase from 83% in the 2011 survey.  This seems more prominent in United States businesses, with almost half (48%) actively seeking potential takeover opportunities. In contrast, European respondents look more likely to sell, with more than half (52%) feeling this way.

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