化学品与塑料行业报告

I N D U S T R YR E P O R TSpring|2025 Table of Contents Market Observations ......................................................................... 3Transaction Highlights .......................................................................9Public Companies ............................................................................12CFA Overview .....................................................................................18 Market Summary Chemicals and Plastics Market The global chemical and plastics industry in 2025 is undergoing a transformational shift driven by changing consumer needs, sustainability initiatives,and geopolitical trade policies. As per the recent Deloitte report 2025, the global chemical production is anticipated to expand at a moderate rate of3.5%, reflecting growth amidst the prevailing world economic uncertainty. Market leaders are constantly focusing on sustainability and making strategicinvestments in biodegradable feedstocks, net-zero carbon projects, and advanced recycling technologies such as hydrothermal treatments thattransform plastic waste into high-quality raw materials, aligning with circular economy goals. At the same time, changing trade policies, tariffs, andsupply chain disruptions are forcing a regional shift of manufacturing. Although China continues to be the dominant manufacturing hub, theimplementation of the China+1 strategy is gaining momentum within Southeast Asian nations and the U.S. is leading the way through policy initiativesand new capacity expansions. The specialty chemicals segment includes electronic chemicals, construction additives, and high-performance polymersare seeing rising demand, boosted by growth in electronics, pharma, aerospace, and 3D printing industries. In particular, theglobal market forengineering plastic is projected to grow at a CAGR of 9% with technological advancements such as data analytics, Industry 4.0solutions, gaining real-time supply chain insights, and improved customer responsiveness. The digital transformation is also driving innovation in product development andcustomized solutions, further enhancing the industry’s agility in a fast-changing environment. Public Company Valuation The chemicals andplastics marketincreased in the firstquarter of 2025... The CFA Select Chemicals and Plastics index increased by 6.2% in the first quarter of 2025 and the 12-month return onthe index was decreased by 8.2%. Other Miscellaneous Chemical Product Manufacturing Index recorded the highestincrease in the first quarter at 9.7%. Basic Chemicals Index recorded the highest decline of 39.0% in the 12-month return.Specialty Chemicals Index had the highest EBITDA and revenue multiple of 12.3x and 1.9x respectively. Basic ChemicalsIndex had the lowest EBITDA multiple of 7.9x and Chemical Distributors Index had the lowest revenue multiple of 1.1xrespectively. Mergers and Acquisitions The global Chemical & Plastics sector has significant trends in the M&A activity, with the changing market demands and global trade policies. In theplastic industry, the subsectors such as injection molding saw a rapid increase in deal activity compared to last year. Thereis an increased push oncompanies in the U.S. market for domestic transactions as cross-border deals have declined due to the recent tariffs and regulations. Businesses arefocusing on enhancing their competitive positioning in the long term by acquiring high-quality, complementary businesses that also bring organicgrowth to the company. Geographically, the growth rates in North America are expected to outpace those in Europe, influencingM&A transactions andresource allocation. In short, companies with localized supply chains and production capabilities have low tariff impacts, which is shaping theacquisition strategies and deal execution. Industry Trends Tariffs and Trade Uncertainty Reshape Cost Structures and Supply Chains The Chemicals & Plastics industry in 2025 is in a state of chaos with the introduction of new tariffs and ongoing trade disputes. US manufacturers that useimported Chinese polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC), as well as Middle Eastern petrochemical feedstocks, are seeingimmediate costs rise. These cost increases can be estimated to be between 12–20%, which is forcing companies to explore alternative sourcing strategies andprioritize domestic suppliers to maintain profitability. These tariffs have a ripple effect that extends beyond raw materials, including the rise in prices forinjection-molded parts, packaging materials, and processing equipment, which were sourced globally. As a result, companies are focusing more on reshoringand onshoring manufacturing in order to reduce supply chain risk and unpredictable foreign trade policy. The long-term impact of such tariffs is promotingfirms to be localized and innovation-focused, invest in recycling technologies and eco-friendly materials to mitigate cost pressures with changing