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U.S. Chemicals Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies130
  • 7D1.5%
  • 3M9.5%
  • 1Y16.8%
  • YTD16.7%

Over the last 7 days, the Chemicals industry has risen 1.5%, driven by gains from Sherwin-Williams of 6.3%. During this same period, the CF Industries Holdings underperformed, falling 11%. This means that the industry has gained 17% 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
Wed, 15 Apr 2026US$850.8bUS$357.2bUS$7.3b29.5x117.2x2.4x
Fri, 13 Mar 2026US$805.6bUS$357.1bUS$7.4b29x108.5x2.3x
Sun, 08 Feb 2026US$807.4bUS$371.5bUS$7.3b25.4x111.2x2.2x
Tue, 06 Jan 2026US$737.1bUS$371.7bUS$11.0b24x67x2x
Thu, 04 Dec 2025US$717.7bUS$371.7bUS$11.0b23x65.4x1.9x
Sat, 01 Nov 2025US$725.5bUS$370.8bUS$14.8b25.9x49x2x
Mon, 29 Sep 2025US$764.6bUS$367.7bUS$15.5b25.9x49.2x2.1x
Wed, 27 Aug 2025US$799.2bUS$367.6bUS$15.5b27x51.4x2.2x
Fri, 25 Jul 2025US$804.6bUS$376.6bUS$17.8b24.2x45.1x2.1x
Sun, 22 Jun 2025US$763.8bUS$378.4bUS$18.1b21.4x42.1x2x
Tue, 20 May 2025US$775.3bUS$378.5bUS$17.1b23.2x45.2x2x
Thu, 17 Apr 2025US$724.8bUS$380.8bUS$23.0b17.5x31.5x1.9x
Sat, 15 Mar 2025US$776.1bUS$379.3bUS$22.8b21.4x34x2x
Mon, 10 Feb 2025US$812.6bUS$382.4bUS$22.7b21x35.9x2.1x
Wed, 08 Jan 2025US$774.8bUS$384.4bUS$23.5b19.3x33x2x
Fri, 06 Dec 2024US$860.4bUS$384.3bUS$23.4b22.5x36.7x2.2x
Sun, 03 Nov 2024US$854.8bUS$386.7bUS$24.5b24.4x34.9x2.2x
Tue, 01 Oct 2024US$895.1bUS$383.8bUS$23.4b25.8x38.2x2.3x
Thu, 29 Aug 2024US$860.8bUS$383.8bUS$23.4b25.2x36.7x2.2x
Sat, 27 Jul 2024US$826.9bUS$379.4bUS$23.4b27.4x35.3x2.2x
Mon, 24 Jun 2024US$811.5bUS$377.3bUS$23.4b25.8x34.6x2.2x
Wed, 22 May 2024US$833.3bUS$377.3bUS$23.4b26.1x35.5x2.2x
Fri, 19 Apr 2024US$804.5bUS$384.6bUS$25.6b20.6x31.4x2.1x
Sun, 17 Mar 2024US$838.0bUS$384.6bUS$25.4b20x33x2.2x
Tue, 13 Feb 2024US$783.6bUS$388.6bUS$31.5b20.3x24.9x2x
Thu, 11 Jan 2024US$797.2bUS$398.8bUS$31.9b20.6x25x2x
Sat, 09 Dec 2023US$768.8bUS$398.4bUS$31.6b19.6x24.3x1.9x
Mon, 06 Nov 2023US$744.7bUS$401.7bUS$29.4b16.2x25.3x1.9x
Wed, 04 Oct 2023US$741.4bUS$411.9bUS$31.2b15.6x23.8x1.8x
Fri, 01 Sep 2023US$793.1bUS$412.0bUS$31.2b16.5x25.4x1.9x
Sun, 30 Jul 2023US$833.0bUS$438.0bUS$37.7b14.5x22.1x1.9x
Tue, 27 Jun 2023US$789.2bUS$444.6bUS$39.1b12.7x20.2x1.8x
Thu, 25 May 2023US$759.9bUS$444.6bUS$39.1b12.6x19.4x1.7x
Sat, 22 Apr 2023US$797.0bUS$452.2bUS$42.9b12.8x18.6x1.8x
Price to Earnings Ratio

18.6x


Total Market Cap: US$797.0bTotal Earnings: US$42.9bTotal Revenue: US$452.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 45.7x202420252026
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 117x which is higher than its 3-year average PE of 45.7x.
  • 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 Market4.44%
Materials4.88%
Chemicals1.46%
Specialty Chemicals6.08%
Diversified Chemicals0.33%
Industrial Gases0.19%
Fertilizers and Agricultural Chemicals-5.01%
Commodity Chemicals-5.06%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 21.9x.
    • Analysts are expecting annual earnings growth of 14.4%, which is lower than the prior year's growth of 40.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 65% over the next 5 years.
  • 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
SHW Sherwin-WilliamsUS$333.606.3%
+US$4.8b		-1.0%PE31.9x
ECL EcolabUS$273.134.1%
+US$3.1b		14.7%PE37.2x
SQM Sociedad Química y Minera de ChileUS$88.9313.3%
+US$3.0b		155.0%PE43.2x
ALB AlbemarleUS$189.869.4%
+US$1.9b		251.5%PS4.4x
PPG PPG IndustriesUS$110.548.1%
+US$1.9b		11.0%PE15.7x

Latest News

DOW
US$39.16
Dow
7D
-5.4%
1Y
41.4%
CTVA
US$82.95
Corteva
7D
-2.8%
1Y
38.9%
ESI
US$38.19
Element Solutions
7D
10.4%
1Y
103.7%
LYB
US$73.25
LyondellBasell Industries
7D
-8.7%
1Y
29.2%
PPG
US$110.54
PPG Industries
7D
8.1%
1Y
11.0%

PPG: New Coatings Initiatives And Mixed Sentiment Will Shape Future Outlook

Analysts have trimmed their consolidated price target for PPG Industries from about $124.50 to roughly $121.75. This reflects slightly softer modeled growth and valuation assumptions after a recent wave of target cuts and one downgrade, even as earlier research in the period included several price target increases.
SQM
US$88.93
Sociedad Química y Minera de Chile
7D
13.3%
1Y
155.0%
OLN
US$28.17
Olin
7D
-6.5%
1Y
39.1%
WLK
US$117.93
Westlake
7D
-4.4%
1Y
31.0%

WLK: Buybacks And CFO Transition Will Shape A Balanced Forward Outlook

Analysts have lifted their fair value estimate for Westlake from about $113 to roughly $117, pointing to slightly higher revenue growth assumptions, a modestly lower discount rate, and a small shift in expected profit margin and future P/E as the key drivers behind the updated price target. What's in the News From October 1, 2025 to December 31, 2025, Westlake repurchased 445,881 shares, about 0.35% of its outstanding shares, for a total of US$32.84 million under its ongoing buyback program (Key Developments).
LIN
US$499.65
Linde
7D
-0.2%
1Y
11.5%

LIN: Pricing Power And Capital Returns Will Shape Helium And Inflation Response

The analyst price target for Linde has been revised higher, with fair value moving from $503.52 to $516.41 as analysts factor in updated views on helium market pressure, pricing power, and the company’s positioning relative to other materials names. Analyst Commentary Recent Street research on Linde shows a mix of optimism and caution, with several firms adjusting price targets and ratings based on views of helium supply, pricing power, and how the company compares with other materials names.
ECL
US$273.13
Ecolab
7D
4.1%
1Y
14.7%

ECL: Structural Pricing Power Will Support Execution Of Future Data Center Acquisition

The updated analyst price target for Ecolab edges slightly lower to $319.29 from $320.43, as analysts factor in mixed recent research that includes several target cuts tied to valuation concerns around the $4.75b CoolIT deal, as well as upgrades and price target raises that highlight Ecolab's pricing power and positioning as a potential inflation beneficiary. Analyst Commentary Recent research on Ecolab reflects a mixed but engaged analyst community, with several firms revisiting their models after the announced US$4.75b CoolIT acquisition and recent pricing actions.
ALB
US$189.86
Albemarle
7D
9.4%
1Y
251.5%

Albemarle: Why Sodium-Ion Technology Makes This Lithium Giant A Value Trap

Apr 09
RPM
US$108.67
RPM International
7D
12.4%
1Y
3.6%

RPM International: A High-Quality Name That Still Looks Fully Valued

Apr 09
APD
US$296.63
Air Products and Chemicals
7D
1.5%
1Y
11.8%

Air Products and Chemicals: Helium Tailwind And CAPEX Discipline Drive Re-Rating Potential

Apr 08
SHW
US$333.60
Sherwin-Williams
7D
6.3%
1Y
-1.0%

SHW: Fair Valuation Balances Execution Risks With Dividend And Buyback Support

Analysts have trimmed Sherwin-Williams' fair value estimate by about $3 to $317.76, reflecting recent cuts to Street price targets along with updated assumptions for discount rate, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on Sherwin-Williams shows a shift in tone, with several bearish analysts cutting price targets and questioning how much upside is left at current valuations.
CF
US$118.96
CF Industries Holdings
7D
-11.1%
1Y
62.7%

CF: DOJ Price Fixing Probe Will Eventually Pressure Elevated Nitrogen Premium

CF Industries' updated analyst price target has moved about $7 higher, as analysts weigh higher implied fair value, slightly lower discount rates, firmer margin expectations, and a lower assumed future P/E against mixed views on nitrogen pricing and geopolitical risk. Analyst Commentary Recent research on CF Industries shows a cluster of higher price targets, but with a split view on how durable current conditions may be and how much upside is already reflected in the share price.
MOS
US$23.94
Mosaic
7D
-9.2%
1Y
-9.3%

MOS: Margin Reset And Sector Tailwinds Will Support Future Repricing

Analysts have adjusted Mosaic's fair value estimate to $40.00 from $38.20, citing shifts in fertilizer pricing expectations, updated views on revenue growth and margins, and a higher discount rate that reflects recent sector downgrades along with select price target increases. Analyst Commentary Recent Street research paints a mixed picture for Mosaic, with several downgrades on margin and earnings concerns alongside a cluster of more constructive views that focus on reset expectations, improved cash generation, and higher valuation benchmarks for fertilizer names.