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U.S. Chemicals Industry Analysis

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies130
  • 7D1.3%
  • 3M-5.9%
  • 1Y-6.6%
  • YTD-4.4%

In the last week, the Chemicals industry is up 1.3%, with Air Products and Chemicals leading the way, up 3.1%. However, the industry is down 6.6% over the past year. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Dec 2025US$725.0bUS$371.7bUS$11.0b23.9x65.9x2x
Tue, 25 Nov 2025US$707.9bUS$371.7bUS$11.0b22.2x64.4x1.9x
Thu, 23 Oct 2025US$751.1bUS$367.8bUS$15.6b25.4x48.3x2x
Sat, 20 Sep 2025US$781.8bUS$367.7bUS$15.5b26.8x50.3x2.1x
Mon, 18 Aug 2025US$788.5bUS$367.8bUS$15.7b25.1x50.3x2.1x
Wed, 16 Jul 2025US$795.4bUS$376.6bUS$17.9b22.7x44.3x2.1x
Fri, 13 Jun 2025US$788.0bUS$378.4bUS$18.1b22.4x43.4x2.1x
Sun, 11 May 2025US$754.7bUS$378.5bUS$17.2b21.5x43.9x2x
Tue, 08 Apr 2025US$711.9bUS$380.9bUS$23.0b17.5x31x1.9x
Thu, 06 Mar 2025US$796.9bUS$380.3bUS$22.9b22.7x34.8x2.1x
Sat, 01 Feb 2025US$832.5bUS$382.1bUS$23.3b23.5x35.8x2.2x
Mon, 30 Dec 2024US$787.8bUS$384.3bUS$23.4b20.4x33.6x2x
Wed, 27 Nov 2024US$872.8bUS$384.3bUS$23.5b22.9x37.2x2.3x
Fri, 25 Oct 2024US$887.0bUS$388.9bUS$24.2b25.9x36.7x2.3x
Sun, 22 Sep 2024US$866.7bUS$383.8bUS$23.4b25.3x37x2.3x
Tue, 20 Aug 2024US$840.5bUS$384.5bUS$23.8b25.5x35.3x2.2x
Thu, 18 Jul 2024US$837.8bUS$379.9bUS$23.4b28.1x35.8x2.2x
Sat, 15 Jun 2024US$819.6bUS$377.3bUS$23.4b25.9x35x2.2x
Mon, 13 May 2024US$831.5bUS$377.4bUS$23.5b22.7x35.4x2.2x
Wed, 10 Apr 2024US$842.5bUS$384.6bUS$25.6b22.3x32.9x2.2x
Fri, 08 Mar 2024US$835.8bUS$384.5bUS$25.4b21.3x33x2.2x
Sun, 04 Feb 2024US$788.7bUS$397.0bUS$31.0b21.1x25.5x2x
Tue, 02 Jan 2024US$810.5bUS$397.9bUS$31.5b21.7x25.7x2x
Thu, 30 Nov 2023US$763.5bUS$398.8bUS$31.6b19x24.1x1.9x
Sat, 28 Oct 2023US$709.5bUS$404.8bUS$30.7b15.2x23.1x1.8x
Mon, 25 Sep 2023US$749.3bUS$412.0bUS$31.2b16.5x24x1.8x
Wed, 23 Aug 2023US$772.8bUS$412.0bUS$31.2b15.2x24.8x1.9x
Fri, 21 Jul 2023US$828.7bUS$444.3bUS$39.1b14.2x21.2x1.9x
Sun, 18 Jun 2023US$801.5bUS$444.6bUS$39.1b12.9x20.5x1.8x
Tue, 16 May 2023US$777.2bUS$444.6bUS$39.2b12.8x19.8x1.7x
Thu, 13 Apr 2023US$804.1bUS$452.1bUS$42.6b12.9x18.9x1.8x
Sat, 11 Mar 2023US$778.8bUS$452.1bUS$42.6b12.3x18.3x1.7x
Mon, 06 Feb 2023US$833.1bUS$458.0bUS$41.6b14.8x20x1.8x
Wed, 04 Jan 2023US$775.1bUS$460.8bUS$43.3b14x17.9x1.7x
Price to Earnings Ratio

17.9x


Total Market Cap: US$775.1bTotal Earnings: US$43.3bTotal Revenue: US$460.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 38x20242025
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 65.9x which is higher than its 3-year average PE of 38.0x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.0x.
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 Market1.24%
Materials2.67%
Chemicals1.30%
Fertilizers and Agricultural Chemicals2.03%
Industrial Gases1.28%
Specialty Chemicals1.26%
Commodity Chemicals0.67%
Diversified Chemicals-0.52%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 59.7x.
    • Analysts are expecting annual earnings growth of 25.6%, which is higher than its past year's earnings decline of 8.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 90% over the next 5 years.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 6.6% 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
APD Air Products and ChemicalsUS$247.423.1%
+US$1.7b		-15.5%PS4.6x
LIN LindeUS$424.770.8%
+US$1.6b		0.4%PE28x
SHW Sherwin-WilliamsUS$325.441.4%
+US$1.1b		-5.2%PE31.2x
SQM Sociedad Química y Minera de ChileUS$71.644.2%
+US$822.6m		91.9%PE39x
CTVA CortevaUS$67.441.7%
+US$763.6m		17.8%PE27.1x

Latest News

ECL
US$265.75
Ecolab
7D
0.8%
1Y
11.8%

ECL: Rising Margins And Dividend Growth Will Support Resilient Returns

Analysts have nudged their price target on Ecolab slightly higher, with fair value rising about $0.40 to approximately $292 per share, citing expectations for continued operating margin expansion into 2026 and resilient above average returns on equity, despite a challenging macro backdrop for specialty chemicals. Analyst Commentary Street research remains constructive on Ecolab, with recent updates highlighting both upside drivers and lingering macro sensitivities that could influence the pace of multiple expansion and earnings growth.
APD
US$247.42
Air Products and Chemicals
7D
3.1%
1Y
-15.5%
CF
US$77.45
CF Industries Holdings
7D
-1.6%
1Y
-8.6%

CF: Tight Nitrogen And Ammonia Markets Will Support Future Shareholder Returns

Analysts have nudged their blended price target for CF Industries Holdings slightly lower, trimming it by about $0.45 to reflect a modestly softer valuation backdrop. At the same time, they highlight supportive nitrogen fundamentals, tight ammonia markets, and continued free cash flow and clean energy investment as key offsets.
SHW
US$325.44
Sherwin-Williams
7D
1.4%
1Y
-5.2%

SHW: Premium Multiple Will Face Macro Headwinds Amid Cautious Earnings Outlook

Sherwin-Williams' analyst-derived fair value estimate has been raised by about $39 to approximately $317 per share, as analysts factor in modestly stronger long term revenue growth expectations and a higher forward P/E multiple. This comes even as they acknowledge a tougher macro environment and a slightly lower margin outlook highlighted in recent Street research.
SQM
US$71.64
Sociedad Química y Minera de Chile
7D
4.2%
1Y
91.9%

SQM Codelco Joint Venture Resolution Will Unlock Lithium Upside Potential

Analysts have raised their price target on Sociedad Química y Minera de Chile to approximately $80 from about $74, citing expectations for stronger lithium demand and pricing, improving profitability, and a potential narrowing of the valuation discount as regulatory uncertainties around the Codelco joint venture ease. Analyst Commentary Bullish analysts highlight that the latest price target increase reflects growing confidence in the sustainability of lithium pricing and in Sociedad Química y Minera de Chile's ability to execute on its capacity expansion plans.
ICL
US$5.54
ICL Group
7D
11.2%
1Y
15.7%
SMG
US$57.93
Scotts Miracle-Gro
7D
-1.2%
1Y
-12.3%
ALB
US$150.01
Albemarle
7D
2.8%
1Y
69.9%

ALB: Lithium Price Rebound Is Expected To Limit Future Share Upside

Analysts have raised our Albemarle fair value estimate to $75 from $58, reflecting higher projected lithium prices, improved demand expectations, and stronger medium term earnings power. Analyst Commentary Recent Street research on Albemarle has turned incrementally constructive on lithium pricing and near term earnings, but the overall tone remains balanced as many price targets and ratings embed limited upside from current levels.
CTVA
US$67.44
Corteva
7D
1.7%
1Y
17.8%

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

The analyst price target for Corteva has been nudged higher by approximately $0.05 to about $77.76, as analysts factor in a slightly lower discount rate and modestly improved long term growth expectations, despite broadly cautious sector commentary and recent target reductions. Analyst Commentary Street research on Corteva reflects a divided but generally constructive view, with price targets drifting lower but ratings remaining skewed toward positive as investors reassess the company’s post breakup trajectory and near term earnings backdrop.
NEU
US$709.14
NewMarket
7D
-2.8%
1Y
33.3%

NewMarket's (NYSE:NEU) Upcoming Dividend Will Be Larger Than Last Year's

Dec 14
NewMarket's (NYSE:NEU) Upcoming Dividend Will Be Larger Than Last Year's
LIN
US$424.77
Linde
7D
0.8%
1Y
0.4%

LIN: Defensive Profile And Buybacks Will Support Shares Into 2026

Linde's analyst price target has been trimmed modestly, falling from about $505.61 to $502.88 as analysts weigh the stock's defensive growth profile, slightly lower fair value multiple assumptions, and a challenging near term macro backdrop against expectations for earnings growth acceleration in 2026. Analyst Commentary Recent research updates present a mixed but generally constructive view on Linde, with analysts balancing its defensive growth profile against persistent macro and volume headwinds across key end markets.
PRM
US$28.08
Perimeter Solutions
7D
-0.8%
1Y
116.5%
SXT
US$96.11
Sensient Technologies
7D
-0.7%
1Y
33.2%
ASPI
US$5.76
ASP Isotopes
7D
-5.3%
1Y
19.5%
SOLS
US$49.77
Solstice Advanced Materials
7D
-1.2%
1Y
n/a
SLSN
US$1.81
Solesence
7D
-11.1%
1Y
-21.3%