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U.S. Chemicals Industry Analysis

UpdatedJul 08, 2026
DataAggregated Company Financials
Companies127
  • 7D1.0%
  • 3M-0.4%
  • 1Y5.7%
  • YTD16.2%

In the last week, the Chemicals industry is up 3.4%, with Linde up 3.7%. During this same period, the Solstice Advanced Materials underperformed, falling 30%. In the last 12 months, the industry was up 7.3%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Jul 2026US$848.4bUS$360.7bUS$11.9b25.7x71.3x2.4x
Fri, 05 Jun 2026US$820.2bUS$360.7bUS$11.6b27.8x70.6x2.3x
Sun, 03 May 2026US$847.1bUS$358.1bUS$9.5b30x89.2x2.4x
Tue, 31 Mar 2026US$826.4bUS$357.0bUS$7.3b27.6x112.8x2.3x
Thu, 26 Feb 2026US$852.1bUS$358.3bUS$7.0b24.4x121x2.4x
Sat, 24 Jan 2026US$788.3bUS$372.0bUS$11.0b25.5x71.6x2.1x
Mon, 22 Dec 2025US$717.9bUS$371.7bUS$11.0b23.9x65.3x1.9x
Wed, 19 Nov 2025US$697.4bUS$371.6bUS$11.0b22.3x63.5x1.9x
Fri, 17 Oct 2025US$742.2bUS$367.8bUS$15.6b26x47.7x2x
Sun, 14 Sep 2025US$794.2bUS$367.7bUS$15.5b25.8x51.3x2.2x
Tue, 12 Aug 2025US$766.5bUS$367.9bUS$15.7b24.6x48.9x2.1x
Thu, 10 Jul 2025US$801.1bUS$376.6bUS$17.9b24x44.7x2.1x
Sat, 07 Jun 2025US$775.9bUS$378.4bUS$18.0b22.1x43x2.1x
Mon, 05 May 2025US$758.7bUS$379.0bUS$18.2b20x41.6x2x
Wed, 02 Apr 2025US$785.0bUS$380.9bUS$23.0b19.9x34.1x2.1x
Fri, 28 Feb 2025US$818.2bUS$380.8bUS$23.4b21.5x34.9x2.1x
Sun, 26 Jan 2025US$824.2bUS$384.4bUS$23.4b22.5x35.2x2.1x
Tue, 24 Dec 2024US$790.2bUS$384.3bUS$23.4b20.3x33.7x2.1x
Thu, 21 Nov 2024US$841.1bUS$385.1bUS$23.8b23.2x35.3x2.2x
Sat, 19 Oct 2024US$905.6bUS$388.6bUS$24.2b26.4x37.4x2.3x
Mon, 16 Sep 2024US$857.8bUS$383.8bUS$23.4b25.6x36.6x2.2x
Wed, 14 Aug 2024US$819.0bUS$384.4bUS$23.8b24.8x34.4x2.1x
Fri, 12 Jul 2024US$801.1bUS$379.9bUS$23.4b26.5x34.2x2.1x
Sun, 09 Jun 2024US$815.2bUS$377.3bUS$23.4b26.7x34.8x2.2x
Tue, 07 May 2024US$816.1bUS$378.3bUS$23.8b22.4x34.3x2.2x
Thu, 04 Apr 2024US$850.3bUS$384.6bUS$25.6b21.6x33.3x2.2x
Sat, 02 Mar 2024US$814.4bUS$384.5bUS$25.5b20x32x2.1x
Mon, 29 Jan 2024US$786.7bUS$397.4bUS$30.9b20.5x25.5x2x
Wed, 27 Dec 2023US$811.0bUS$398.4bUS$31.6b21.9x25.7x2x
Fri, 24 Nov 2023US$766.9bUS$398.8bUS$31.6b19x24.2x1.9x
Sun, 22 Oct 2023US$720.3bUS$412.0bUS$31.3b15.2x23x1.7x
Tue, 19 Sep 2023US$774.6bUS$412.0bUS$31.2b16.7x24.8x1.9x
Thu, 17 Aug 2023US$772.7bUS$412.0bUS$31.2b15x24.8x1.9x
Sat, 15 Jul 2023US$819.6bUS$444.3bUS$39.1b13.9x21x1.8x
Price to Earnings Ratio

21x


Total Market Cap: US$819.6bTotal 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 Market-0.65%
Materials-0.36%
Chemicals1.02%
Industrial Gases3.79%
Diversified Chemicals2.78%
Fertilizers and Agricultural Chemicals2.65%
Commodity Chemicals2.45%
Specialty Chemicals-1.83%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 29.0x.
    • 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$538.233.7%
+US$8.9b		14.5%PE35.1x
APD Air Products and ChemicalsUS$305.054.0%
+US$2.6b		4.3%PE32.1x
CTVA CortevaUS$86.752.4%
+US$1.4b		13.5%PE46.3x
ECL EcolabUS$283.081.6%
+US$1.3b		5.3%PE37.8x
CF CF Industries HoldingsUS$114.946.2%
+US$1.0b		18.3%PE10x

Latest News

ALB
US$129.02
Albemarle
7D
-4.5%
1Y
83.7%
SOLS
US$62.10
Solstice Advanced Materials
7D
-29.9%
1Y
n/a
ESI
US$38.57
Element Solutions
7D
-19.2%
1Y
58.1%
PPG
US$120.22
PPG Industries
7D
-0.9%
1Y
2.4%
PRM
US$33.44
Perimeter Solutions
7D
-6.2%
1Y
118.8%
Narrative Update • Jul 06

PRM: WindAcre Share Sale And Index Additions Will Support Bullish Repricing

Analysts have modestly raised their price target for Perimeter Solutions to $43.33 from $40.67, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E levels. What’s in the News for Perimeter Solutions WindAcre Partnership Master Fund, a 10% owner of Perimeter Solutions, sold 5,705,979 ordinary shares between June 26 and June 30, 2026, in open market transactions valued at about US$195.6 million at prices between US$33.00 and US$36.25 per share, while retaining 16,148,621 shares (Source: recent news reports).
IFF
US$81.83
International Flavors & Fragrances
7D
3.3%
1Y
7.4%
Narrative Update • Jul 06

IFF: Portfolio Moves And 2026 Guidance Will Support Earnings Resilience

The updated analyst price target for International Flavors & Fragrances rises by $5 to $105. This reflects generally higher Street targets and analyst expectations that adjusted estimates, higher peer multiples, and potential earnings support from volume growth and productivity gains can justify a slightly richer P/E assumption, despite modestly softer revenue growth and profit margin inputs.
CC
US$18.85
Chemours
7D
-8.1%
1Y
38.3%
Narrative Update • Jul 06

CC: PFAS Settlement And Updated Outlook Will Shape Balanced Future Expectations

Analysts have raised their Chemours fair value estimate from $17.00 to $21.00, citing updated views on discount rate assumptions, revenue growth, profit margins and potential future P/E levels. What’s in the News for Chemours Chemours agreed to a multi-site PFAS settlement with the U.S. Environmental Protection Agency, the Department of Justice, the West Virginia Department of Environmental Protection, and multiple states, with total costs reported at more than US$450 million for penalties, mitigation projects, pollution controls, and community water initiatives.
LYB
US$54.60
LyondellBasell Industries
7D
3.7%
1Y
-14.3%
APD
US$305.05
Air Products and Chemicals
7D
4.0%
1Y
4.3%
CTVA
US$86.75
Corteva
7D
2.4%
1Y
13.5%
LIN
US$538.23
Linde
7D
3.7%
1Y
14.5%
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$283.08
Ecolab
7D
1.6%
1Y
5.3%
DOW
US$28.64
Dow
7D
4.7%
1Y
-1.4%
RPM
US$108.28
RPM International
7D
-2.6%
1Y
-3.8%
SHW
US$342.26
Sherwin-Williams
7D
-0.6%
1Y
-1.1%
CF
US$114.94
CF Industries Holdings
7D
6.2%
1Y
18.3%
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.