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U.S. Chemicals Industry Analysis

UpdatedJul 07, 2026
DataAggregated Company Financials
Companies127
  • 7D3.4%
  • 3M2.2%
  • 1Y7.3%
  • YTD17.2%

Over the last 7 days, the Chemicals industry has risen 3.4%, driven by gains from Linde of 5.8%. During this same period, the Solstice Advanced Materials underperformed, falling 18%. In the last 12 months, the industry was up 7.3%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Jul 2026US$855.5bUS$360.7bUS$11.9b25.8x71.9x2.4x
Thu, 04 Jun 2026US$815.6bUS$360.7bUS$11.6b27.7x70.2x2.3x
Sat, 02 May 2026US$844.8bUS$358.1bUS$9.5b30x88.9x2.4x
Mon, 30 Mar 2026US$826.3bUS$357.0bUS$7.5b27.4x110.1x2.3x
Wed, 25 Feb 2026US$842.2bUS$358.6bUS$8.4b25.3x100.6x2.3x
Fri, 23 Jan 2026US$783.5bUS$372.0bUS$11.0b23.9x71.1x2.1x
Sun, 21 Dec 2025US$717.9bUS$371.7bUS$11.0b23.9x65.3x1.9x
Tue, 18 Nov 2025US$712.3bUS$371.6bUS$11.0b22.3x64.9x1.9x
Thu, 16 Oct 2025US$747.3bUS$367.8bUS$15.6b26.6x48x2x
Sat, 13 Sep 2025US$800.2bUS$367.7bUS$15.5b25.8x51.6x2.2x
Mon, 11 Aug 2025US$766.5bUS$367.9bUS$15.7b24.8x48.9x2.1x
Wed, 09 Jul 2025US$794.0bUS$376.6bUS$17.9b23.6x44.3x2.1x
Fri, 06 Jun 2025US$781.6bUS$378.4bUS$18.0b22.3x43.3x2.1x
Sun, 04 May 2025US$758.7bUS$379.0bUS$18.2b20x41.6x2x
Tue, 01 Apr 2025US$773.7bUS$380.9bUS$23.0b19.4x33.6x2x
Thu, 27 Feb 2025US$822.6bUS$380.8bUS$23.6b21.4x34.9x2.2x
Sat, 25 Jan 2025US$827.9bUS$384.4bUS$23.4b22.5x35.3x2.2x
Mon, 23 Dec 2024US$790.2bUS$384.3bUS$23.4b20.4x33.7x2.1x
Wed, 20 Nov 2024US$845.4bUS$385.1bUS$23.8b22.6x35.5x2.2x
Fri, 18 Oct 2024US$906.0bUS$388.6bUS$24.2b26.6x37.4x2.3x
Sun, 15 Sep 2024US$857.8bUS$383.8bUS$23.4b25.6x36.6x2.2x
Tue, 13 Aug 2024US$824.4bUS$384.5bUS$23.8b24.3x34.6x2.1x
Thu, 11 Jul 2024US$792.9bUS$379.9bUS$23.4b25.5x33.9x2.1x
Sat, 08 Jun 2024US$820.3bUS$377.3bUS$23.4b26.7x35x2.2x
Mon, 06 May 2024US$809.7bUS$378.3bUS$23.8b22.2x34.1x2.1x
Wed, 03 Apr 2024US$850.7bUS$384.6bUS$25.6b21.3x33.3x2.2x
Fri, 01 Mar 2024US$811.3bUS$384.6bUS$25.4b20.1x31.9x2.1x
Sun, 28 Jan 2024US$786.7bUS$397.4bUS$30.9b20.5x25.5x2x
Tue, 26 Dec 2023US$811.0bUS$398.4bUS$31.6b21.7x25.7x2x
Thu, 23 Nov 2023US$765.3bUS$398.8bUS$31.6b18.7x24.2x1.9x
Sat, 21 Oct 2023US$720.3bUS$412.0bUS$31.3b15.2x23x1.7x
Mon, 18 Sep 2023US$779.3bUS$412.0bUS$31.2b16.9x25x1.9x
Wed, 16 Aug 2023US$777.6bUS$412.0bUS$31.2b15.1x24.9x1.9x
Fri, 14 Jul 2023US$824.6bUS$444.3bUS$39.1b14.1x21.1x1.9x
Price to Earnings Ratio

21.1x


Total Market Cap: US$824.6bTotal Earnings: US$39.1bTotal Revenue: US$444.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 50.5x202420252026
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 71.9x which is higher than its 3-year average PE of 50.5x.
  • 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 Market0.79%
Materials1.97%
Chemicals3.44%
Industrial Gases7.41%
Fertilizers and Agricultural Chemicals3.25%
Specialty Chemicals1.23%
Commodity Chemicals-1.91%
Diversified Chemicals-2.35%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 28.9x.
    • Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings growth of 9.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 11% per year.
  • In contrast, the Diversified Chemicals industry is expected to see its earnings decline by 6.1% 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$540.525.8%
+US$13.6b		15.1%PE35.3x
APD Air Products and ChemicalsUS$308.8613.8%
+US$8.4b		6.9%PE32.5x
CTVA CortevaUS$86.393.6%
+US$2.0b		12.8%PE46.1x
IFF International Flavors & FragrancesUS$82.778.2%
+US$1.6b		10.4%PE25.6x
ECL EcolabUS$283.721.8%
+US$1.4b		4.4%PE37.9x

Latest News

SOLS
US$68.05
Solstice Advanced Materials
7D
-17.6%
1Y
n/a
Seeking Alpha • 6h

Solstice: Combining With Element Solutions

Summary Solstice's shares dropped 15% after announcing a $14.5B cash and stock acquisition of Element Solutions, with an unfavorable exchange ratio. The combined entity targets $6.8B in 2025 sales and 26% EBITDA margins but relies heavily on $180M in synergies by year three. Pro forma leverage will rise to 3.5x, and even with synergy realization, Solstice trades at a demanding 23x earnings multiple. I remain cautious given execution risk, high valuation, and the need for tangible synergy delivery before considering buying the dip. Read the full article on Seeking Alpha
ESI
US$42.32
Element Solutions
7D
-8.6%
1Y
71.6%
OLN
US$19.75
Olin
7D
-5.1%
1Y
-6.3%
LYB
US$52.97
LyondellBasell Industries
7D
-1.2%
1Y
-12.8%
APD
US$308.86
Air Products and Chemicals
7D
13.8%
1Y
6.9%
SQM
US$73.52
Sociedad Química y Minera de Chile
7D
5.2%
1Y
104.5%
Narrative Update • Jul 06

SQM: Chinese Lithium Inventory Rebound Will Likely Restrain Future Share Upside

The analyst price target for Sociedad Química y Minera de Chile has moved higher to $48.83 from $41.22 as analysts factor in updated assumptions for revenue growth, profit margins, discount rate, and a future P/E of 11.30. This references recent Street research that highlights Q1 operating performance, lithium pricing expectations, and segment volume trends.
CTVA
US$86.39
Corteva
7D
3.6%
1Y
12.8%
LIN
US$540.52
Linde
7D
5.8%
1Y
15.1%
Seeking Alpha • Jul 05

Linde: Space Growth Prospects Already At Orbit

Summary Linde offers diversified industrial gas exposure, with recent momentum from clean energy and emerging space sector demand. LIN's on-site gas business is expanding, providing higher margins and defensiveness, while Engineering backlog declines. Clean energy backlog growth may slow as mandates face pushback; space sector offers long-term upside but remains a small contributor. LIN is rated a hold, as current valuation already reflects base case growth from clean energy and space opportunities. Read the full article on Seeking Alpha
ECL
US$283.72
Ecolab
7D
1.8%
1Y
4.4%
DOW
US$27.33
Dow
7D
-2.1%
1Y
-0.5%
IFF
US$82.77
International Flavors & Fragrances
7D
8.2%
1Y
10.4%
MOS
US$21.18
Mosaic
7D
-5.6%
1Y
-43.8%
Seeking Alpha • Jul 03

Lower Lows In Mosaic Company On Trade Announcement

Summary The Mosaic Company remains a Buy, offering compelling value and a 4.16% dividend yield despite recent price weakness and sector headwinds. Temporary suspension of duties on Moroccan phosphate increases competition, but U.S. policy is likely to revert, supporting MOS’s long-term positioning. MOS’s valuation is attractive, with high grades in P/E, EV/Sales, Price/Book, and dividend yield, though recent earnings disappointed on EPS. I favor accumulating MOS on further price weakness, leveraging its volatility and yield, while monitoring risks from market downturns and policy shifts. Read the full article on Seeking Alpha
SHW
US$349.13
Sherwin-Williams
7D
1.4%
1Y
0.8%
CBT
US$87.60
Cabot
7D
-3.1%
1Y
14.7%
CC
US$18.19
Chemours
7D
-10.2%
1Y
46.5%
CF
US$113.20
CF Industries Holdings
7D
7.4%
1Y
18.9%
Narrative Update • Jun 23

CF: Higher Nitrogen Prices And Buybacks Will Drive Future Upside

The updated fair value estimate for CF Industries Holdings edges down by about $1.50 to roughly $126 per share, even as analysts cite higher nitrogen prices, potential benefits from supply dislocations, and an active buyback program in their recent price target revisions. Analyst Commentary Recent Street research on CF Industries Holdings shows a mix of optimism and caution, with several firms lifting price targets while keeping a range of ratings from Underperform to Buy.