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U.S. Chemicals Industry Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies130
  • 7D-1.5%
  • 3M10.7%
  • 1Y18.0%
  • YTD15.9%

Over the last 7 days, the Chemicals industry has dropped 1.5%, driven by a pullback from Linde of 3.3%. In the past year, the industry has gained 18%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

Has the U.S. Chemicals Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026US$841.3bUS$357.2bUS$7.3b29.9x116x2.4x
Thu, 19 Mar 2026US$818.0bUS$357.0bUS$7.5b27.1x109.3x2.3x
Sat, 14 Feb 2026US$836.2bUS$365.8bUS$6.1b26.3x137.9x2.3x
Mon, 12 Jan 2026US$767.4bUS$372.0bUS$11.0b25.6x69.9x2.1x
Wed, 10 Dec 2025US$690.2bUS$371.7bUS$11.0b22.9x62.9x1.9x
Fri, 07 Nov 2025US$702.8bUS$372.0bUS$12.6b22.1x55.8x1.9x
Sun, 05 Oct 2025US$765.8bUS$367.8bUS$15.6b26.3x49.2x2.1x
Tue, 02 Sep 2025US$799.9bUS$367.6bUS$15.5b26.5x51.5x2.2x
Thu, 31 Jul 2025US$787.3bUS$376.0bUS$15.8b21.9x49.9x2.1x
Sat, 28 Jun 2025US$775.7bUS$378.4bUS$18.1b22.3x42.8x2.1x
Mon, 26 May 2025US$761.1bUS$378.5bUS$17.1b22.1x44.4x2x
Wed, 23 Apr 2025US$712.8bUS$380.8bUS$23.0b17.6x31x1.9x
Fri, 21 Mar 2025US$789.5bUS$380.9bUS$23.0b20.8x34.3x2.1x
Sun, 16 Feb 2025US$825.2bUS$381.1bUS$22.8b21.3x36.2x2.2x
Tue, 14 Jan 2025US$768.1bUS$384.4bUS$23.5b20x32.7x2x
Thu, 12 Dec 2024US$838.5bUS$384.3bUS$23.4b22.3x35.8x2.2x
Sat, 09 Nov 2024US$868.1bUS$385.8bUS$23.8b25x36.5x2.2x
Mon, 07 Oct 2024US$878.0bUS$381.7bUS$23.8b25.6x36.9x2.3x
Wed, 04 Sep 2024US$873.6bUS$383.7bUS$23.4b25.4x37.3x2.3x
Fri, 02 Aug 2024US$839.9bUS$378.7bUS$22.7b26.3x36.9x2.2x
Sun, 30 Jun 2024US$807.6bUS$379.9bUS$23.4b25.5x34.5x2.1x
Tue, 28 May 2024US$826.9bUS$377.3bUS$23.4b26.1x35.3x2.2x
Thu, 25 Apr 2024US$805.5bUS$384.4bUS$25.8b20.9x31.3x2.1x
Sat, 23 Mar 2024US$844.3bUS$384.6bUS$25.4b20.3x33.2x2.2x
Mon, 19 Feb 2024US$794.7bUS$387.5bUS$29.3b19.9x27.2x2.1x
Wed, 17 Jan 2024US$794.6bUS$398.8bUS$31.9b20x24.9x2x
Fri, 15 Dec 2023US$789.6bUS$398.4bUS$31.6b21.5x25x2x
Sun, 12 Nov 2023US$732.3bUS$399.0bUS$31.7b16.9x23.1x1.8x
Tue, 10 Oct 2023US$741.6bUS$412.0bUS$31.2b15.6x23.7x1.8x
Thu, 07 Sep 2023US$783.6bUS$412.0bUS$31.2b16.5x25.1x1.9x
Sat, 05 Aug 2023US$795.9bUS$416.7bUS$32.1b15.7x24.8x1.9x
Mon, 03 Jul 2023US$814.9bUS$444.3bUS$39.1b14.4x20.9x1.8x
Wed, 31 May 2023US$753.1bUS$444.6bUS$39.1b12.5x19.3x1.7x
Fri, 28 Apr 2023US$791.1bUS$448.9bUS$43.1b12.4x18.4x1.8x
Price to Earnings Ratio

18.4x


Total Market Cap: US$791.1bTotal Earnings: US$43.1bTotal Revenue: US$448.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 46.3x202420252026
Current Industry PE
  • Investors are optimistic on the American Chemicals industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 116x which is higher than its 3-year average PE of 46.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 45% per year over the last three years,
  • Revenues have also declined 7.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Materials industry?

US Market4.02%
Materials-0.17%
Chemicals-1.51%
Specialty Chemicals2.14%
Industrial Gases-3.05%
Fertilizers and Agricultural Chemicals-4.19%
Diversified Chemicals-4.33%
Commodity Chemicals-8.68%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 22.2x.
    • Analysts are expecting annual earnings growth of 14.5%, which is lower than the prior year's growth of 40.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 65% over the next 5 years.
  • In contrast, the Industrial Gases industry is expected to see its earnings grow by 14% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SHW Sherwin-WilliamsUS$343.932.9%
+US$2.3b		6.7%PE32.9x
ALB AlbemarleUS$194.835.1%
+US$1.1b		267.5%PS4.5x
PPG PPG IndustriesUS$114.734.1%
+US$1.0b		15.4%PE16.3x
IFF International Flavors & FragrancesUS$74.443.8%
+US$699.9m		2.4%PS1.7x
PRM Perimeter SolutionsUS$29.1314.5%
+US$551.4m		201.2%PS6.7x

Latest News

PRM
US$29.13
Perimeter Solutions
7D
14.5%
1Y
201.2%
APD
US$296.15
Air Products and Chemicals
7D
-0.8%
1Y
15.0%
PPG
US$114.73
PPG Industries
7D
4.1%
1Y
15.4%
CE
US$63.57
Celanese
7D
-6.8%
1Y
61.7%
DOW
US$36.77
Dow
7D
-8.3%
1Y
30.8%

DOW: Tighter Polyethylene Supply Should Support Higher Future Earnings Multiple

Analysts have raised their average price target for Dow by incorporating higher assumed revenue growth, slightly wider profit margins, and updated P/E expectations, supported by a series of recent upgrades and target hikes tied to tighter global polyethylene supply and higher energy-driven cost curves. Analyst Commentary Recent Street research has tilted more constructive on Dow, with a cluster of upgrades and higher price targets anchored to tighter global polyethylene supply, higher energy price assumptions, and updated views on mid cycle earnings power.
CF
US$115.94
CF Industries Holdings
7D
-4.7%
1Y
54.3%

CF Industries: Shares Are Higher For Longer

Apr 17
KWR
US$141.57
Quaker Chemical
7D
11.1%
1Y
40.7%

KWR: Market Share Gains And M&A Activity Will Support Future P/E Premium

Analysts have trimmed their average price target for Quaker Chemical to about $184 from roughly $203 as they factor in softer revenue growth assumptions, a lower future P/E, and updated views from recent research that cites more moderate sales and EBITDA expectations despite ongoing share gains in subdued end markets. Analyst Commentary Recent research on Quaker Houghton has been mixed, but several bullish analysts still see room for upside based on execution, valuation, and the company’s ability to grow share even in softer end markets.
LYB
US$68.58
LyondellBasell Industries
7D
-9.2%
1Y
21.8%

LYB: Future Returns Will Balance Tight Polyethylene Supply And Dividend Reset Risks

The analyst price target for LyondellBasell Industries has been raised from about $51 to roughly $74, as analysts factor in improved revenue growth expectations, slightly higher profit margins, and a higher assumed future P/E multiple, supported by a wave of recent upgrades and target increases across major firms. Analyst Commentary Recent research on LyondellBasell Industries shows a clear shift in tone, with many firms moving ratings higher and lifting price targets across a wide range.
IFF
US$74.44
International Flavors & Fragrances
7D
3.8%
1Y
2.4%

IFF: Portfolio Optimization And 2026 Guidance Will Support Future Re Rating

Analysts have trimmed their average price targets for International Flavors & Fragrances by around $10 to $11 in recent updates, citing refreshed models after earnings, portfolio optimization progress, and more cautious assumptions around growth and profitability. Analyst Commentary Recent research shows a mix of price target trims and prior upward revisions, as analysts recalibrate models around International Flavors & Fragrances after earnings and portfolio moves.
WLK
US$113.88
Westlake
7D
-5.2%
1Y
25.5%
CTVA
US$80.29
Corteva
7D
-3.9%
1Y
35.8%
ALB
US$194.83
Albemarle
7D
5.1%
1Y
267.5%

ALB: Lithium Price Recovery And Cost Discipline Will Support Bullish Re Rating

Analysts have raised their average price targets for Albemarle by double-digit dollar amounts, placing them in the $150 to $230 range. They cite higher lithium price assumptions, more constructive views on supply and demand, and ongoing cost discipline as key supports for the updated valuation inputs.
SXT
US$99.83
Sensient Technologies
7D
5.9%
1Y
33.6%

SXT: Future Natural Color Capacity And Sensible Acquisitions Will Support Upside

Analysts have trimmed their price target on Sensient Technologies slightly from $119 to $118, tying this adjustment to updated views on revenue growth, profit margins, and a modestly higher future P/E. This underpins a generally constructive stance on the shares.
SMG
US$66.51
Scotts Miracle-Gro
7D
7.4%
1Y
29.5%

Scotts Miracle-Gro: Sowing The Seeds Of Future Growth

Apr 13
LIN
US$498.15
Linde
7D
-2.1%
1Y
12.2%

LIN: Pricing Power And Capital Returns Will Shape Helium And Inflation Response

The analyst price target for Linde has been revised higher, with fair value moving from $503.52 to $516.41 as analysts factor in updated views on helium market pressure, pricing power, and the company’s positioning relative to other materials names. Analyst Commentary Recent Street research on Linde shows a mix of optimism and caution, with several firms adjusting price targets and ratings based on views of helium supply, pricing power, and how the company compares with other materials names.
SHW
US$343.93
Sherwin-Williams
7D
2.9%
1Y
6.7%

SHW: Fair Valuation Balances Execution Risks With Dividend And Buyback Support

Analysts have trimmed Sherwin-Williams' fair value estimate by about $3 to $317.76, reflecting recent cuts to Street price targets along with updated assumptions for discount rate, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on Sherwin-Williams shows a shift in tone, with several bearish analysts cutting price targets and questioning how much upside is left at current valuations.