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U.S. Chemicals Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies131
  • 7D4.8%
  • 3M18.9%
  • 1Y1.3%
  • YTD13.1%

Over the last 7 days, the Chemicals industry has risen 4.8%, driven by gains from Linde of 4.8%. In the same time, Sociedad Química y Minera de Chile was down 12%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026US$805.8bUS$371.2bUS$9.2b26x87.7x2.2x
Sat, 03 Jan 2026US$723.1bUS$371.7bUS$11.0b23.7x65.7x1.9x
Mon, 01 Dec 2025US$725.4bUS$371.7bUS$11.0b23x66.1x2x
Wed, 29 Oct 2025US$756.8bUS$370.8bUS$16.0b26.4x47.3x2x
Fri, 26 Sep 2025US$767.9bUS$367.7bUS$15.5b25.8x49.4x2.1x
Sun, 24 Aug 2025US$807.5bUS$367.6bUS$15.5b26.9x52x2.2x
Tue, 22 Jul 2025US$792.2bUS$376.6bUS$18.0b22.7x44.1x2.1x
Thu, 19 Jun 2025US$766.5bUS$378.4bUS$18.1b21.4x42.3x2x
Sat, 17 May 2025US$767.6bUS$378.5bUS$17.2b23.2x44.7x2x
Mon, 14 Apr 2025US$720.3bUS$380.8bUS$23.0b18.2x31.3x1.9x
Wed, 12 Mar 2025US$800.3bUS$379.3bUS$22.8b21x35x2.1x
Fri, 07 Feb 2025US$823.4bUS$382.4bUS$22.5b22x36.7x2.2x
Sun, 05 Jan 2025US$771.8bUS$384.3bUS$23.4b19.9x32.9x2x
Tue, 03 Dec 2024US$869.3bUS$384.3bUS$23.4b23.3x37.1x2.3x
Thu, 31 Oct 2024US$871.3bUS$386.4bUS$24.5b25.2x35.6x2.3x
Sat, 28 Sep 2024US$894.3bUS$383.8bUS$23.5b26x38.1x2.3x
Mon, 26 Aug 2024US$857.5bUS$383.8bUS$23.4b25.6x36.6x2.2x
Wed, 24 Jul 2024US$825.3bUS$379.9bUS$23.5b27.7x35.2x2.2x
Fri, 21 Jun 2024US$813.3bUS$377.3bUS$23.4b25.4x34.7x2.2x
Sun, 19 May 2024US$832.8bUS$377.3bUS$23.4b26.3x35.5x2.2x
Tue, 16 Apr 2024US$813.6bUS$384.6bUS$25.6b21x31.8x2.1x
Thu, 14 Mar 2024US$841.0bUS$384.6bUS$25.4b21.4x33.1x2.2x
Sat, 10 Feb 2024US$776.7bUS$388.5bUS$31.5b20.3x24.7x2x
Mon, 08 Jan 2024US$803.3bUS$398.8bUS$31.9b20.8x25.2x2x
Wed, 06 Dec 2023US$771.6bUS$398.4bUS$31.6b19.7x24.4x1.9x
Fri, 03 Nov 2023US$718.2bUS$402.0bUS$29.4b15.9x24.4x1.8x
Sun, 01 Oct 2023US$750.7bUS$411.9bUS$31.2b15.8x24.1x1.8x
Tue, 29 Aug 2023US$775.0bUS$412.0bUS$31.2b15.2x24.8x1.9x
Thu, 27 Jul 2023US$839.5bUS$440.4bUS$38.1b14.2x22.1x1.9x
Sat, 24 Jun 2023US$782.6bUS$444.6bUS$39.1b13.1x20x1.8x
Mon, 22 May 2023US$780.3bUS$444.6bUS$39.1b12.8x20x1.8x
Wed, 19 Apr 2023US$812.6bUS$452.1bUS$42.7b12.9x19x1.8x
Fri, 17 Mar 2023US$765.6bUS$452.2bUS$42.6b12.2x18x1.7x
Sun, 12 Feb 2023US$818.8bUS$450.3bUS$40.2b14.5x20.4x1.8x
Price to Earnings Ratio

20.4x


Total Market Cap: US$818.8bTotal Earnings: US$40.2bTotal Revenue: US$450.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 39.8x202420252026
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 87.7x which is higher than its 3-year average PE of 39.8x.
  • 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 39% per year over the last three years,
  • Revenues have also declined 6.2% 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-1.46%
Materials0.21%
Chemicals4.84%
Diversified Chemicals16.19%
Commodity Chemicals12.01%
Industrial Gases6.35%
Specialty Chemicals3.06%
Fertilizers and Agricultural Chemicals2.38%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 60.7x.
    • Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings decline of 1.3% 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 11% 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$286.5912.0%
+US$6.9b		-14.0%PS5.2x
DOW DowUS$32.4016.6%
+US$3.5b		-14.6%PS0.6x
PPG PPG IndustriesUS$125.9510.5%
+US$2.7b		11.9%PE18x
LIN LindeUS$459.811.1%
+US$2.2b		-0.2%PE30.3x
LYB LyondellBasell IndustriesUS$57.1013.1%
+US$2.1b		-25.8%PS0.5x

Latest News

LYB
US$57.10
LyondellBasell Industries
7D
13.1%
1Y
-25.8%

LyondellBasell Industries N.V. (NYSE:LYB) Held Back By Insufficient Growth Even After Shares Climb 25%

Feb 05
LyondellBasell Industries N.V. (NYSE:LYB) Held Back By Insufficient Growth Even After Shares Climb 25%
PPG
US$125.95
PPG Industries
7D
10.5%
1Y
11.9%
LIN
US$473.33
Linde
7D
4.8%
1Y
4.3%
SHW
US$368.91
Sherwin-Williams
7D
5.5%
1Y
1.2%
HWKN
US$129.28
Hawkins
7D
-15.9%
1Y
14.3%
SQM
US$73.78
Sociedad Química y Minera de Chile
7D
-11.7%
1Y
95.7%

SQM: Future Returns Will Reflect Lithium Pricing And Codelco Partnership Execution

Analysts have lifted their fair value estimate for Sociedad Química y Minera de Chile to US$74.00 from US$61.44, reflecting updated views on higher revenue growth assumptions, a lower discount rate, a higher future P/E multiple, and recent research that points to firmer lithium pricing and renewed sector interest, despite at least one more cautious broker stance. Analyst Commentary Recent Street research on Sociedad Química y Minera de Chile shows a mix of enthusiasm around lithium pricing and demand, alongside some hesitation about how sustainable that optimism might be for valuation and execution.
ALB
US$168.66
Albemarle
7D
-8.5%
1Y
111.1%

ALB: Future Returns Will Depend On Sustained Lithium Tightness And Pricing Power

The analyst price target for Albemarle has been raised from about $148 to roughly $173. This change reflects analysts' use of a slightly lower discount rate, modestly higher revenue growth assumptions, and a higher future P/E multiple, supported by a series of recent target hikes and upgrades tied to stronger lithium pricing and tightening supply expectations.
APD
US$286.59
Air Products and Chemicals
7D
12.0%
1Y
-14.0%

APD: Backlog Execution And Low Emission Projects Will Guide Turnaround Expectations

Analysts have modestly lifted their fair value estimate for Air Products and Chemicals by about $9 to roughly $300 per share, citing updated price targets across several firms and small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research paints a mixed picture around Air Products and Chemicals, with several firms revising price targets and reassessing execution risks tied to its project backlog and turnaround efforts.
BIOX
US$0.60
Bioceres Crop Solutions
7D
-46.9%
1Y
-91.0%
DOW
US$32.40
Dow
7D
16.6%
1Y
-14.6%
ASPI
US$5.81
ASP Isotopes
7D
-26.9%
1Y
-4.5%
WLK
US$96.00
Westlake
7D
17.2%
1Y
-12.5%

WLK: Planned Facility Closures And Impairment Charges Will Shape Fair Valuation Outlook

Analysts have lifted their price target on Westlake from about US$82 to roughly US$85, pointing to updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E as the key drivers behind the change. What's in the News Westlake plans to cease operations at several North American chlorovinyl facilities, including a PVC plant in Aberdeen, Mississippi, a VCM plant at Lake Charles North in Louisiana, and a diaphragm chlor alkali unit at Lake Charles South, with cessation targeted for December 2025 (Key Developments).
ECL
US$288.16
Ecolab
7D
2.4%
1Y
15.4%

ECL: Fair Outlook As Cooling Demand Meets Uncertain Chemicals And Agriculture Backdrop

Ecolab's analyst price target has moved slightly higher to about $295, as analysts factor in small adjustments to fair value and profitability assumptions, along with recent target increases from firms such as Citi, BofA, and UBS, partly offset by a downgrade from another research house. Analyst Commentary Recent research has been mixed, with some bullish analysts fine tuning their targets higher and one bearish analyst turning more cautious.
PCT
US$10.06
PureCycle Technologies
7D
-11.4%
1Y
16.8%

Circular Packaging And Global Projects Will Support A Stronger Future For This Recycler

Catalysts About PureCycle Technologies PureCycle Technologies focuses on converting post consumer polypropylene waste into high quality recycled resin and related products. What are the underlying business or industry changes driving this perspective?
SOLS
US$65.22
Solstice Advanced Materials
7D
-0.5%
1Y
n/a

There's Reason For Concern Over Solstice Advanced Materials, Inc.'s (NASDAQ:SOLS) Massive 27% Price Jump

Jan 22
There's Reason For Concern Over Solstice Advanced Materials, Inc.'s (NASDAQ:SOLS) Massive 27% Price Jump
SXT
US$94.13
Sensient Technologies
7D
-1.0%
1Y
22.9%

Sensient Technologies (NYSE:SXT) Has Announced A Dividend Of $0.41

Jan 22
Sensient Technologies (NYSE:SXT) Has Announced A Dividend Of $0.41