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U.S. Chemicals Industry Analysis

UpdatedJan 17, 2026
DataAggregated Company Financials
Companies132
  • 7D1.0%
  • 3M3.8%
  • 1Y-4.4%
  • YTD6.2%

In the last week, the Chemicals industry is up 2.8%, with Sherwin-Williams up 4.4%. During this same period, the NewMarket underperformed, falling 9.0%. In contrast, the industry has lost 3.6% in the last 12 months. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Jan 2026US$779.8bUS$372.0bUS$11.0b23.2x70.8x2.1x
Mon, 15 Dec 2025US$719.0bUS$371.7bUS$11.0b24x65.5x1.9x
Wed, 12 Nov 2025US$710.6bUS$371.6bUS$11.0b23.3x64.8x1.9x
Fri, 10 Oct 2025US$761.6bUS$367.8bUS$15.6b25.7x49x2.1x
Sun, 07 Sep 2025US$788.9bUS$367.6bUS$15.5b26.9x50.8x2.1x
Tue, 05 Aug 2025US$756.0bUS$374.7bUS$15.1b24.1x50x2x
Thu, 03 Jul 2025US$795.6bUS$376.6bUS$17.9b23.7x44.4x2.1x
Sat, 31 May 2025US$770.5bUS$378.4bUS$18.1b22x42.7x2x
Mon, 28 Apr 2025US$737.0bUS$379.8bUS$21.7b19.2x34x1.9x
Wed, 26 Mar 2025US$786.9bUS$380.9bUS$23.0b20.5x34.1x2.1x
Fri, 21 Feb 2025US$825.9bUS$380.9bUS$22.9b22.2x36x2.2x
Sun, 19 Jan 2025US$817.6bUS$384.4bUS$23.4b23.2x34.9x2.1x
Tue, 17 Dec 2024US$825.9bUS$384.3bUS$23.4b22x35.2x2.1x
Thu, 14 Nov 2024US$849.1bUS$385.0bUS$23.7b23.9x35.8x2.2x
Sat, 12 Oct 2024US$890.6bUS$388.7bUS$24.2b26.6x36.8x2.3x
Mon, 09 Sep 2024US$832.8bUS$383.8bUS$23.4b25.4x35.5x2.2x
Wed, 07 Aug 2024US$811.8bUS$385.3bUS$24.2b24.9x33.5x2.1x
Fri, 05 Jul 2024US$798.3bUS$379.9bUS$23.4b25.3x34.1x2.1x
Sun, 02 Jun 2024US$827.0bUS$377.3bUS$23.4b25.9x35.3x2.2x
Tue, 30 Apr 2024US$806.2bUS$382.7bUS$26.3b21.3x30.6x2.1x
Thu, 28 Mar 2024US$854.7bUS$384.6bUS$25.4b22.1x33.7x2.2x
Sat, 24 Feb 2024US$811.5bUS$384.6bUS$25.5b19.6x31.8x2.1x
Mon, 22 Jan 2024US$783.8bUS$398.9bUS$31.7b20x24.7x2x
Wed, 20 Dec 2023US$808.4bUS$398.4bUS$31.6b22.1x25.6x2x
Fri, 17 Nov 2023US$762.4bUS$398.9bUS$31.7b18x24x1.9x
Sun, 15 Oct 2023US$739.1bUS$412.0bUS$31.2b15.6x23.7x1.8x
Tue, 12 Sep 2023US$783.3bUS$411.9bUS$31.2b15.4x25.1x1.9x
Thu, 10 Aug 2023US$790.6bUS$411.9bUS$30.8b15.9x25.7x1.9x
Sat, 08 Jul 2023US$803.3bUS$444.3bUS$39.1b14.5x20.6x1.8x
Mon, 05 Jun 2023US$777.6bUS$444.6bUS$39.1b13.3x19.9x1.7x
Wed, 03 May 2023US$787.5bUS$444.1bUS$40.1b12.8x19.6x1.8x
Fri, 31 Mar 2023US$789.9bUS$452.0bUS$42.6b12.6x18.5x1.7x
Sun, 26 Feb 2023US$814.4bUS$450.4bUS$40.0b12.9x20.3x1.8x
Tue, 24 Jan 2023US$826.0bUS$461.1bUS$43.3b15.3x19.1x1.8x
Price to Earnings Ratio

19.1x


Total Market Cap: US$826.0bTotal Earnings: US$43.3bTotal Revenue: US$461.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 38.9x202420252026
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 70.7x which is higher than its 3-year average PE of 38.9x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 37% per year over the last three years,
  • Revenues have also declined 6.9% 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 Market-0.34%
Materials1.79%
Chemicals1.03%
Commodity Chemicals3.54%
Diversified Chemicals2.03%
Specialty Chemicals1.67%
Fertilizers and Agricultural Chemicals1.55%
Industrial Gases-0.58%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 60.3x.
    • Analysts are expecting annual earnings growth of 25.6%, which is higher than its past year's earnings decline of 2.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 88% over the next 5 years.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 6.7% 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
ECL EcolabUS$277.072.0%
+US$1.5b		16.7%PE39.5x
SOLS Solstice Advanced MaterialsUS$60.8914.8%
+US$1.2b		n/aPE29.4x
SHW Sherwin-WilliamsUS$357.831.3%
+US$1.1b		1.1%PE34.3x
SQM Sociedad Química y Minera de ChileUS$77.534.2%
+US$894.0m		93.1%PE42.2x
DOW DowUS$27.574.7%
+US$881.4m		-32.8%PS0.5x

Latest News

SQM
US$77.53
Sociedad Química y Minera de Chile
7D
4.2%
1Y
93.1%
NEU
US$642.86
NewMarket
7D
-11.1%
1Y
29.7%
SOLS
US$60.89
Solstice Advanced Materials
7D
14.8%
1Y
n/a
CBT
US$70.92
Cabot
7D
-2.6%
1Y
-22.3%
FUL
US$60.54
H.B. Fuller
7D
-7.5%
1Y
-2.5%
HWKN
US$152.00
Hawkins
7D
-3.6%
1Y
33.0%
DD
US$42.86
DuPont de Nemours
7D
-2.2%
1Y
-44.7%

DD: Share Returns And Qnity Separation Will Frame A Measured Forward Outlook

Analysts have maintained their price target for DuPont de Nemours at $44.00, with this reaffirmed view supported by updated assumptions of a smaller revenue decline, higher profit margins, and a lower future P/E multiple. What's in the News A Montana federal judge denied motions to dismiss a class-action lawsuit alleging DuPont and other manufacturers concealed health risks linked to PFAS chemicals in firefighter turnout gear, allowing RICO and other claims to proceed for now (Lawsuits & Legal Issues).
SHW
US$357.83
Sherwin-Williams
7D
1.3%
1Y
1.1%

SHW: Pricing Power And Margins Will Be Tested In Mixed Chemicals Backdrop

Narrative Update We are making a small upward adjustment to our Sherwin-Williams price target of about $0.80, reflecting analysts' mixed but generally constructive updates to revenue growth, margins, and long term P/E assumptions following recent Street research. Analyst Commentary Recent Street research on Sherwin-Williams shows a mix of optimism and caution, with price targets clustered in a relatively tight range and ratings spread between Neutral and Buy.
ECL
US$277.07
Ecolab
7D
2.0%
1Y
16.7%

ECL: Fair Outlook Balances Margin Strength With Uncertain Chemical And Agriculture Backdrop

Analysts have inched their fair value estimate for Ecolab higher, with the price target moving by about US$2.56 to US$294.71, citing updated views on revenue growth potential, a slightly adjusted discount rate, and ongoing discussion of industry catalysts such as chemical sector oversupply, mixed agriculture trends, and possible demand support from improving PMI indicators and future rate cuts. Analyst Commentary Recent research updates around Ecolab point to a generally constructive stance, with price targets nudging higher and coverage being reinstated with a positive angle.
CTVA
US$69.64
Corteva
7D
1.4%
1Y
11.7%

CTVA: Planned Seed And Pesticide Split Will Support Future Earnings Power

Analysts lifted their blended fair value estimate for Corteva by about $0.19 to roughly $77.95 per share, reflecting updated price targets that factor in a mixed backdrop for chemicals and agriculture but continued confidence in the company’s ability to increase earnings. Analyst Commentary Recent research on Corteva reflects a mix of optimism and caution, with price targets clustered in the mid to high US$70s and one outlier in the low US$80s.
LIN
US$438.96
Linde
7D
-1.2%
1Y
0.7%

LIN: Defensive Profile And Buybacks Will Support 2026 Rerating Potential

Analysts have nudged their price target for Linde up from about $502.88 to $503.21, reflecting updated assumptions around revenue growth, profit margins and future P/E. They have also weighed recent research that includes an upgrade to Buy and removal from a top ideas list.
PRM
US$28.62
Perimeter Solutions
7D
-3.4%
1Y
106.5%

Should You Investigate Perimeter Solutions, Inc. (NYSE:PRM) At US$28.60?

Jan 08
Should You Investigate Perimeter Solutions, Inc. (NYSE:PRM) At US$28.60?
DOW
US$27.57
Dow
7D
4.7%
1Y
-32.8%

DOW: Cost Driven Earnings Will Prove Fragile In Weak Commodity Cycle

Narrative Update on Dow Analysts have nudged their average price target on Dow higher to around the mid 20s. This reflects mixed views that balance recent cost driven earnings strength with ongoing caution around the durability of commodity and end market demand.
LYB
US$50.91
LyondellBasell Industries
7D
4.5%
1Y
-34.1%

LYB: Softer Margins And Inconsistent Industrial Demand Will Pressure Future Returns

Analysts have trimmed their price target on LyondellBasell Industries, with our fair value estimate moving from US$44.00 to US$36.00. This reflects a slightly higher discount rate, softer profit margins and a lower future P/E multiple, set against a weaker macro setup and inconsistent industrial end markets highlighted in recent research.
APD
US$267.53
Air Products and Chemicals
7D
1.4%
1Y
-15.8%

APD: Decarbonization Projects And LA Blue Progress Will Support Future Confidence

Analysts have trimmed their blended price targets for Air Products and Chemicals to a range anchored around US$260 to US$325, reflecting updated views on discount rates, modestly adjusted growth and margin assumptions, and a wait for more clarity on key projects such as LA Blue. Analyst Commentary Street research on Air Products and Chemicals has coalesced around a tighter price target range, with recent revisions centered near US$260 to US$325.
ICL
US$5.33
ICL Group
7D
-4.7%
1Y
-9.8%