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U.S. Chemicals Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies128
  • 7D-1.0%
  • 3M1.4%
  • 1Y4.4%
  • YTD12.4%

In the last week, the Chemicals industry is flat overall, with Sociedad Química y Minera de Chile standing out by going down 12%. The past year has been better, since the industry has gained 4.4% in that time. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026US$817.9bUS$360.7bUS$11.6b27.1x70.4x2.3x
Mon, 04 May 2026US$847.2bUS$358.1bUS$9.5b30x89.2x2.4x
Wed, 01 Apr 2026US$831.6bUS$357.0bUS$7.3b27.3x113.5x2.3x
Fri, 27 Feb 2026US$845.0bUS$356.9bUS$7.2b24.1x117x2.4x
Sun, 25 Jan 2026US$790.2bUS$372.0bUS$11.0b25.5x71.8x2.1x
Tue, 23 Dec 2025US$718.0bUS$371.7bUS$11.0b23.9x65.3x1.9x
Thu, 20 Nov 2025US$697.4bUS$371.6bUS$11.0b21.9x63.5x1.9x
Sat, 18 Oct 2025US$733.2bUS$367.8bUS$15.6b25.9x47.1x2x
Mon, 15 Sep 2025US$794.2bUS$367.7bUS$15.5b25.8x51.3x2.2x
Wed, 13 Aug 2025US$766.8bUS$367.8bUS$15.7b25.5x48.8x2.1x
Fri, 11 Jul 2025US$806.9bUS$376.6bUS$17.9b24x45x2.1x
Sun, 08 Jun 2025US$780.4bUS$378.4bUS$18.0b22.1x43.3x2.1x
Tue, 06 May 2025US$757.6bUS$379.0bUS$18.2b19.2x41.5x2x
Thu, 03 Apr 2025US$784.7bUS$380.9bUS$23.0b20.3x34.1x2.1x
Sat, 01 Mar 2025US$816.0bUS$380.6bUS$23.2b23.1x35.2x2.1x
Mon, 27 Jan 2025US$824.2bUS$384.4bUS$23.4b22.5x35.2x2.1x
Wed, 25 Dec 2024US$794.0bUS$384.3bUS$23.4b20.5x33.9x2.1x
Fri, 22 Nov 2024US$845.0bUS$384.3bUS$23.5b22.4x36x2.2x
Sun, 20 Oct 2024US$906.9bUS$388.6bUS$24.2b26.4x37.4x2.3x
Tue, 17 Sep 2024US$857.8bUS$383.8bUS$23.4b25.8x36.6x2.2x
Thu, 15 Aug 2024US$828.1bUS$384.5bUS$23.8b25x34.8x2.2x
Sat, 13 Jul 2024US$812.9bUS$379.9bUS$23.4b26.8x34.7x2.1x
Mon, 10 Jun 2024US$815.2bUS$377.3bUS$23.4b26.7x34.8x2.2x
Wed, 08 May 2024US$828.1bUS$377.7bUS$23.7b22.5x35x2.2x
Fri, 05 Apr 2024US$850.3bUS$384.6bUS$25.6b21.9x33.2x2.2x
Sun, 03 Mar 2024US$816.9bUS$384.5bUS$25.5b20x32.1x2.1x
Tue, 30 Jan 2024US$786.7bUS$397.4bUS$30.9b20.7x25.5x2x
Thu, 28 Dec 2023US$816.7bUS$398.4bUS$31.6b21.8x25.8x2x
Sat, 25 Nov 2023US$769.4bUS$398.8bUS$31.6b19.4x24.3x1.9x
Mon, 23 Oct 2023US$720.3bUS$412.0bUS$31.3b15.2x23x1.7x
Wed, 20 Sep 2023US$774.9bUS$412.0bUS$31.2b16.9x24.8x1.9x
Fri, 18 Aug 2023US$772.7bUS$412.0bUS$31.2b15.3x24.8x1.9x
Sun, 16 Jul 2023US$819.7bUS$444.3bUS$39.1b13.9x21x1.8x
Tue, 13 Jun 2023US$782.7bUS$444.6bUS$39.1b12.9x20x1.8x
Price to Earnings Ratio

20x


Total Market Cap: US$782.7bTotal Earnings: US$39.1bTotal Revenue: US$444.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 49x202420252026
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 70.4x which is higher than its 3-year average PE of 49.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 33% per year over the last three years,
  • Revenues have also declined 6.7% 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-2.90%
Materials-4.03%
Chemicals-0.99%
Industrial Gases1.90%
Commodity Chemicals-2.21%
Specialty Chemicals-2.43%
Fertilizers and Agricultural Chemicals-3.27%
Diversified Chemicals-5.55%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 26.1x.
    • Analysts are expecting annual earnings growth of 14.2%, which is higher than its past year's earnings growth of 9.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 74% over the next 5 years.
  • In contrast, the Industrial Gases industry is expected to see its earnings grow by 10% 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
LIN LindeUS$507.902.1%
+US$4.7b		7.4%PE33.2x
APD Air Products and ChemicalsUS$282.351.3%
+US$830.6m		0.9%PE29.7x
ECL EcolabUS$257.970.8%
+US$554.4m		-3.4%PE34.5x
SHW Sherwin-WilliamsUS$305.300.5%
+US$358.0m		-14.6%PE28.8x
AXTA Axalta Coating SystemsUS$32.184.6%
+US$301.8m		4.8%PE18.7x

Latest News

ALB
US$155.44
Albemarle
7D
-11.9%
1Y
159.8%
ICL
US$5.60
ICL Group
7D
-15.7%
1Y
-15.8%
ECL
US$257.97
Ecolab
7D
0.8%
1Y
-3.4%
IFF
US$73.01
International Flavors & Fragrances
7D
-4.0%
1Y
-5.1%
SHW
US$305.30
Sherwin-Williams
7D
0.5%
1Y
-14.6%
CF
US$113.49
CF Industries Holdings
7D
1.0%
1Y
23.2%
Narrative Update • Jun 04

CF: Tight Nitrogen Markets And Buybacks Will Shape Future Returns

Analyst fair value for CF Industries Holdings has moved higher by about $6.68 per share to $127.63, with recent research citing higher nitrogen pricing, buyback activity and sector wide target resets as key supports for the updated price targets for the stock. Analyst Commentary Recent Street research on CF Industries Holdings reflects a clear reset higher in price targets, but with a split view on how much upside remains for the stock at current levels.
APD
US$282.35
Air Products and Chemicals
7D
1.3%
1Y
0.9%
Narrative Update • Jun 04

APD: Conflict Driven Chemical Pricing And Easing Helium Constraints Will Support Upside

Air Products and Chemicals' updated analyst price target has moved higher by several recent increments, with multiple banks lifting their targets by $2 to $51, as analysts highlight improving pricing power in key chemical chains, easing helium supply pressures, and a more supportive near term outlook for the stock. Analyst Commentary Recent research on Air Products and Chemicals has turned more constructive, with several firms lifting price targets and a few also upgrading their views on the stock.
LIN
US$507.90
Linde
7D
2.1%
1Y
7.4%
SQM
US$75.43
Sociedad Química y Minera de Chile
7D
-12.2%
1Y
130.3%
DOW
US$33.97
Dow
7D
0.7%
1Y
19.0%
Seeking Alpha • Jun 03

Dow: Full EPS Recovery Remains Uncertain

Summary Dow Inc. maintains a Hold rating as the FQ1 earnings report reveals a mixed outlook for fundamentals. DOW's FQ1 2026 earnings showed narrower-than-expected losses and sequential volume growth in Packaging & Specialty Plastics. But profit outlook remains uncertain due to volatile feedstock costs and geopolitical risks. The dividend was cut 50% recently, providing improved clarity, a still-attractive 4%+ yield, and now well-covered by EPS forecasts. Read the full article on Seeking Alpha
LYB
US$64.50
LyondellBasell Industries
7D
-3.2%
1Y
14.1%
Narrative Update • Jun 02

LYB: Tight Polyethylene Supply And Buybacks Are Expected To ReRate Shares

Analysts have lifted the fair value estimate for LyondellBasell Industries to $98 from $90 as recent upgrades and higher price targets point to support from tight polyethylene supply, elevated polyethylene prices, and expectations for stronger margins in the chemicals group. Analyst Commentary Recent Street research around LyondellBasell has tilted more constructive as bullish analysts highlight tighter polyethylene supply, higher pricing, and the potential for stronger margins in the chemicals group.
PPG
US$113.80
PPG Industries
7D
0.7%
1Y
1.1%
Narrative Update • Jun 02

PPG: Coatings Strength And Buybacks Will Offset Mixed Earnings Expectations

PPG Industries' analyst price target has been adjusted slightly, with a change of about $0.15 as analysts balance recent target increases and cuts, along with updated assumptions for revenue, profit margins and future P/E expectations. Analyst Commentary Recent Street research on PPG Industries shows a mix of optimism and caution as firms fine tune their price targets and ratings, reflecting different views on valuation, execution and growth prospects.
CTVA
US$77.03
Corteva
7D
-1.6%
1Y
7.5%
Narrative Update • May 31

CTVA: SpinCo Separation And Biofungicide Collaboration Will Reshape Future Earnings Mix

The analyst price target for Corteva is updated to $89.90 from $86.05 as analysts note that the market is treating "New Corteva" like a no-growth commodity chemical company. They instead highlight expectations for a healthier standalone growth profile, modestly higher profit margins, and a slightly lower assumed future P/E multiple.
DD
US$46.85
DuPont de Nemours
7D
-3.2%
1Y
-31.2%
Narrative Update • May 30

DD: Guidance Reaffirmation And Buybacks Will Support Future Upside Potential

Analysts have nudged their price target for DuPont de Nemours slightly higher to $64.00, citing updated assumptions for revenue growth, profit margins and future P/E that refine rather than overhaul their outlook on the stock. What's in the News Shareholders approved an amendment to the Certificate of Incorporation to allow a reverse stock split between 1-for-2 and 1-for-4, along with a corresponding reduction in authorized common shares at the May 21, 2026 AGM (Changes in Company Bylaws/Rules).
ESI
US$39.84
Element Solutions
7D
-6.1%
1Y
83.8%
AXTA
US$32.18
Axalta Coating Systems
7D
4.6%
1Y
4.8%
Narrative Update • May 23

AXTA: Merger Synergies And Margin Expansion Will Support Repriced Expectations

Axalta Coating Systems' updated analyst price target moves from $36.86 to $35.21 as analysts reset expectations following a series of recent target cuts and a lower assumed future P/E multiple, even as their models incorporate modestly higher revenue growth and profit margins, alongside a slightly reduced discount rate. Analyst Commentary Recent Street research on Axalta Coating Systems has been skewed toward lower price targets and at least one downgrade, which lines up with the reduced consolidated target of $35.21.