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U.S. Chemicals Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies130
  • 7D1.0%
  • 3M17.2%
  • 1Y3.7%
  • YTD16.4%

Over the last 7 days, the Chemicals industry has risen 1.0%, driven by gains from Linde of 2.3%. This means that the industry has gained 3.7% over the past year. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026US$838.1bUS$356.9bUS$7.3b24x115.2x2.3x
Mon, 26 Jan 2026US$790.2bUS$372.0bUS$11.0b25.5x71.8x2.1x
Wed, 24 Dec 2025US$724.4bUS$371.7bUS$11.0b23.6x65.8x1.9x
Fri, 21 Nov 2025US$699.8bUS$371.7bUS$11.0b21.4x63.5x1.9x
Sun, 19 Oct 2025US$738.5bUS$367.8bUS$15.6b25.9x47.5x2x
Tue, 16 Sep 2025US$794.2bUS$367.7bUS$15.5b26.5x51.3x2.2x
Thu, 14 Aug 2025US$774.6bUS$367.8bUS$15.7b26.1x49.3x2.1x
Sat, 12 Jul 2025US$806.9bUS$376.6bUS$17.9b24x45x2.1x
Mon, 09 Jun 2025US$780.4bUS$378.4bUS$18.0b22.1x43.3x2.1x
Wed, 07 May 2025US$751.5bUS$378.6bUS$18.1b20.2x41.4x2x
Fri, 04 Apr 2025US$789.6bUS$380.9bUS$23.0b18.9x34.3x2.1x
Sun, 02 Mar 2025US$820.7bUS$380.6bUS$23.2b23.1x35.4x2.2x
Tue, 28 Jan 2025US$824.2bUS$384.4bUS$23.4b22.4x35.2x2.1x
Thu, 26 Dec 2024US$794.0bUS$384.3bUS$23.4b20.5x33.9x2.1x
Sat, 23 Nov 2024US$857.1bUS$384.3bUS$23.5b22.8x36.5x2.2x
Mon, 21 Oct 2024US$906.9bUS$388.6bUS$24.2b26.4x37.4x2.3x
Wed, 18 Sep 2024US$865.2bUS$383.8bUS$23.4b26.1x36.9x2.3x
Fri, 16 Aug 2024US$827.9bUS$384.5bUS$23.8b25.6x34.7x2.2x
Sun, 14 Jul 2024US$821.6bUS$379.9bUS$23.4b26.8x35.1x2.2x
Tue, 11 Jun 2024US$813.4bUS$377.3bUS$23.4b26.6x34.7x2.2x
Thu, 09 May 2024US$828.0bUS$377.7bUS$23.5b22.3x35.2x2.2x
Sat, 06 Apr 2024US$836.9bUS$384.6bUS$25.6b21.8x32.7x2.2x
Mon, 04 Mar 2024US$816.9bUS$384.5bUS$25.5b20x32.1x2.1x
Wed, 31 Jan 2024US$789.7bUS$397.4bUS$30.9b21.1x25.6x2x
Fri, 29 Dec 2023US$816.7bUS$398.4bUS$31.6b21.7x25.8x2x
Sun, 26 Nov 2023US$769.4bUS$398.8bUS$31.6b19.4x24.3x1.9x
Tue, 24 Oct 2023US$711.5bUS$412.0bUS$31.3b15.9x22.7x1.7x
Thu, 21 Sep 2023US$764.9bUS$412.0bUS$31.2b16.5x24.5x1.9x
Sat, 19 Aug 2023US$772.0bUS$412.0bUS$31.2b15.3x24.7x1.9x
Mon, 17 Jul 2023US$819.7bUS$444.3bUS$39.1b13.9x21x1.8x
Wed, 14 Jun 2023US$799.0bUS$444.6bUS$39.1b13x20.4x1.8x
Fri, 12 May 2023US$771.5bUS$444.6bUS$39.2b12.9x19.7x1.7x
Sun, 09 Apr 2023US$789.7bUS$452.1bUS$42.6b12.6x18.5x1.7x
Tue, 07 Mar 2023US$826.1bUS$452.6bUS$42.9b13.7x19.2x1.8x
Price to Earnings Ratio

19.2x


Total Market Cap: US$826.1bTotal Earnings: US$42.9bTotal Revenue: US$452.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 41.9x202420252026
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 115x which is higher than its 3-year average PE of 41.9x.
  • 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 45% per year over the last three years,
  • Revenues have also declined 7.6% 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-0.67%
Materials2.59%
Chemicals1.00%
Diversified Chemicals4.39%
Commodity Chemicals2.11%
Fertilizers and Agricultural Chemicals1.91%
Industrial Gases1.40%
Specialty Chemicals0.29%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 18.6x.
    • Analysts are expecting annual earnings growth of 13.9%, which is lower than the prior year's growth of 40.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 68% over the next 5 years.
  • This is better than its past earnings decline of 22% per year.
  • In contrast, the Industrial Gases industry is expected to see its earnings grow by 14% 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$508.082.3%
+US$3.6b		8.8%PE34.1x
CTVA CortevaUS$80.125.0%
+US$2.6b		27.2%PE45.2x
WLK WestlakeUS$105.3811.6%
+US$1.4b		-6.2%PS1.2x
SQM Sociedad Química y Minera de ChileUS$76.306.2%
+US$1.3b		98.9%PE41.6x
ALB AlbemarleUS$178.676.1%
+US$1.2b		131.9%PS4.1x

Latest News

KWR
US$147.03
Quaker Chemical
7D
-15.7%
1Y
5.8%
LIN
US$508.08
Linde
7D
2.3%
1Y
8.8%
SXT
US$101.53
Sensient Technologies
7D
12.2%
1Y
46.3%
PCT
US$6.31
PureCycle Technologies
7D
-29.8%
1Y
-38.7%
PRM
US$23.48
Perimeter Solutions
7D
-11.9%
1Y
121.9%
ALB
US$178.67
Albemarle
7D
6.1%
1Y
131.9%
CTVA
US$80.12
Corteva
7D
5.0%
1Y
27.2%

CTVA: Sector Uncertainty And New Ventures Will Shape Forward Risk Balance

Corteva's analyst fair value estimate has edged up to $82.76 from $82.05 as analysts refine their models and price targets following recent earnings updates and a broad wave of upward target revisions across the Street. Analyst Commentary Recent Street research around Corteva reflects an active debate, with several firms adjusting price targets and a mix of upgrades and downgrades around the latest earnings update.
WLK
US$105.38
Westlake
7D
11.6%
1Y
-6.2%

Footprint Optimization And Overcapacity Will Pressure Margins And Limit Earnings Recovery

Catalysts About Westlake Westlake Corporation produces performance and essential materials alongside housing and infrastructure products, serving global industrial, construction and municipal end markets. What are the underlying business or industry changes driving this perspective?
MOS
US$27.84
Mosaic
7D
-5.4%
1Y
16.4%
PPG
US$123.27
PPG Industries
7D
-2.6%
1Y
8.9%

PPG: Recent Rating Shifts And Macro Signals Will Shape Fairly Valued Outlook

Analysts have nudged their fair value estimate for PPG Industries higher from $123.75 to $125.30, citing a broad wave of recent price target increases across the Street as they update their assumptions while keeping core growth and margin views largely unchanged. Analyst Commentary The recent wave of price target adjustments for PPG Industries shows a mix of optimism and caution, with most research updates clustered over a short window and one earlier move taking a more guarded stance.
ECL
US$308.35
Ecolab
7D
1.4%
1Y
14.6%

ECL: Fair Outlook As Sector Catalysts Meet Elevated Execution Risk

The analyst fair value estimate for Ecolab has shifted from about $296 to around $322 as analysts collectively raise price targets. This change reflects updated views on margin potential, valuation multiples, and the broader chemicals sector backdrop.
SHW
US$362.59
Sherwin-Williams
7D
0.5%
1Y
0.09%

SHW: Mixed Rating Resets And Measured Outlook Will Shape Future Pricing Power

Analysts have nudged their Sherwin-Williams price expectations higher, with recent target changes clustered in roughly a $5 to $20 range as they refresh models following earnings, while adjusting for valuation views and mixed sector readthroughs. Analyst Commentary Recent research updates on Sherwin-Williams reflect a mix of optimism and caution, with several firms fine-tuning price targets by increments of roughly $5 to $20 and a few shifting ratings as they reset expectations after earnings.
CE
US$49.94
Celanese
7D
-7.7%
1Y
-2.0%

CE: Expanded Technology Push And Sustainability Efforts Will Not Offset Weak Revenue Outlook

Analysts have nudged their fair value estimate for Celanese up from $40.00 to $41.00, citing a slightly lower discount rate and a modestly higher assumed future P/E multiple, even as they adjust revenue growth expectations and keep profit margin assumptions essentially unchanged. What's in the News Celanese opened an expanded Michigan Technology Center in Troy and Auburn Hills, bringing piloting, application development, and advanced engineering prototyping into a single hub focused on Engineered Materials and its 2026 growth strategy (Key Developments).
ICL
US$4.80
ICL Group
7D
-11.6%
1Y
-20.4%
SQM
US$76.30
Sociedad Química y Minera de Chile
7D
6.2%
1Y
98.9%

SQM: Rising Lithium Optimism Will Face Persistent Execution And Earnings Visibility Risks

Analysts have adjusted their price targets on Sociedad Química y Minera de Chile toward $88 to $90, supported by more constructive lithium pricing assumptions, slightly higher modeled revenue growth and profit margins, and a modestly lower future P/E, even as at least one firm has turned more cautious on the shares. Analyst Commentary Recent Street research on Sociedad Química y Minera de Chile highlights a mix of optimism on lithium pricing and demand alongside a more cautious tone from some Bearish analysts.
APD
US$275.67
Air Products and Chemicals
7D
-2.0%
1Y
-12.8%

APD: Backlog Execution And NASA Hydrogen Wins Will Shape Turnaround Path

The analyst price target for Air Products and Chemicals has been raised by about $1 to approximately $302, as analysts incorporate higher published targets from multiple firms and modest adjustments to assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research on Air Products and Chemicals has centered on a series of upward price target revisions and one key rating change, providing a view into how analysts are framing valuation, execution risk, and growth potential.