The chemicals industry will see a slight growth in consolidation activity this year and in 2014, according to Deloitte Touche Tohmatsu. "In the chemicals segment, agrochemicals and coatings industry will witness increased M&A activity this year as against a decline in past couple of years," said Savan Godiawala, senior director at Deloitte. He also predicted a "good amount of acquisitions" in pharmaceuticals and engineering.

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