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U.S. Chemicals Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies131
  • 7D1.5%
  • 3M14.5%
  • 1Y17.8%
  • YTD15.6%

Over the last 7 days, the Chemicals industry has risen 1.5%, driven by gains from Linde of 2.3%. This means that the industry has gained 18% 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
Sun, 05 Apr 2026US$838.6bUS$357.0bUS$7.3b29.2x114.4x2.3x
Tue, 03 Mar 2026US$845.3bUS$356.9bUS$7.3b24x116.2x2.4x
Thu, 29 Jan 2026US$788.6bUS$372.1bUS$11.3b25.8x69.7x2.1x
Sat, 27 Dec 2025US$725.0bUS$371.7bUS$11.0b23.9x65.9x2x
Mon, 24 Nov 2025US$707.9bUS$371.7bUS$11.0b22.2x64.4x1.9x
Wed, 22 Oct 2025US$750.2bUS$367.8bUS$15.6b25.8x48.2x2x
Fri, 19 Sep 2025US$781.9bUS$367.7bUS$15.5b27.2x50.3x2.1x
Sun, 17 Aug 2025US$788.5bUS$367.8bUS$15.7b25.1x50.3x2.1x
Tue, 15 Jul 2025US$799.4bUS$376.6bUS$17.9b23.7x44.6x2.1x
Thu, 12 Jun 2025US$793.2bUS$378.4bUS$18.1b22.7x43.7x2.1x
Sat, 10 May 2025US$754.1bUS$378.5bUS$17.2b21.5x43.8x2x
Mon, 07 Apr 2025US$711.9bUS$380.9bUS$23.0b17.3x31x1.9x
Wed, 05 Mar 2025US$803.3bUS$380.6bUS$23.0b21.8x34.9x2.1x
Fri, 31 Jan 2025US$824.6bUS$384.2bUS$23.4b23.5x35.2x2.1x
Sun, 29 Dec 2024US$787.8bUS$384.3bUS$23.4b20.4x33.6x2x
Tue, 26 Nov 2024US$862.5bUS$384.3bUS$23.5b23.3x36.8x2.2x
Thu, 24 Oct 2024US$890.2bUS$388.6bUS$24.3b26.1x36.7x2.3x
Sat, 21 Sep 2024US$873.2bUS$383.8bUS$23.4b25.3x37.2x2.3x
Mon, 19 Aug 2024US$840.5bUS$384.5bUS$23.8b25.4x35.3x2.2x
Wed, 17 Jul 2024US$818.5bUS$379.9bUS$23.4b27.7x34.9x2.2x
Fri, 14 Jun 2024US$819.6bUS$377.3bUS$23.4b26.7x35x2.2x
Sun, 12 May 2024US$831.8bUS$377.4bUS$23.5b22.7x35.4x2.2x
Tue, 09 Apr 2024US$842.5bUS$384.6bUS$25.6b22x32.9x2.2x
Thu, 07 Mar 2024US$817.8bUS$384.4bUS$25.4b20.1x32.2x2.1x
Sat, 03 Feb 2024US$788.7bUS$397.0bUS$31.0b21.1x25.5x2x
Mon, 01 Jan 2024US$810.5bUS$397.9bUS$31.5b21.7x25.7x2x
Wed, 29 Nov 2023US$765.0bUS$398.8bUS$31.6b19.1x24.2x1.9x
Fri, 27 Oct 2023US$714.6bUS$407.8bUS$31.1b15.1x23x1.8x
Sun, 24 Sep 2023US$749.3bUS$412.0bUS$31.2b16.5x24x1.8x
Tue, 22 Aug 2023US$773.4bUS$412.0bUS$31.2b15.2x24.8x1.9x
Thu, 20 Jul 2023US$827.1bUS$444.3bUS$39.1b14.3x21.2x1.9x
Sat, 17 Jun 2023US$801.5bUS$444.6bUS$39.1b12.9x20.5x1.8x
Mon, 15 May 2023US$771.6bUS$444.6bUS$39.2b13.3x19.7x1.7x
Wed, 12 Apr 2023US$802.6bUS$452.1bUS$42.6b12.9x18.8x1.8x
Price to Earnings Ratio

18.8x


Total Market Cap: US$802.6bTotal Earnings: US$42.6bTotal Revenue: US$452.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 44.9x202420252026
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 114x which is higher than its 3-year average PE of 44.9x.
  • 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 44% 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 Market3.46%
Materials4.64%
Chemicals1.49%
Fertilizers and Agricultural Chemicals1.99%
Industrial Gases1.92%
Commodity Chemicals1.19%
Specialty Chemicals1.10%
Diversified Chemicals-1.67%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 21.2x.
    • Analysts are expecting annual earnings growth of 14.1%, 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 64% over the next 5 years.
  • This is better than its past earnings decline of 16% 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$502.602.3%
+US$5.3b		14.8%PE33.8x
CTVA CortevaUS$85.464.2%
+US$2.3b		53.2%PE48.1x
ECL EcolabUS$264.281.1%
+US$821.9m		11.1%PE36x
WLK WestlakeUS$119.405.4%
+US$781.5m		35.0%PS1.4x
SHW Sherwin-WilliamsUS$318.000.8%
+US$646.8m		-4.2%PE30.4x

Latest News

EMN
US$75.07
Eastman Chemical
7D
5.4%
1Y
-0.6%

EMN: Future Earnings Recovery Will Struggle With Persistent Commodity Oversupply

Analyst price targets for Eastman Chemical have shifted higher by several dollars into the mid $70s to mid $80s range, as analysts factor in updated commodity chemical forecasts, evolving geopolitical supply constraints, and a slightly adjusted risk profile reflected in modest tweaks to discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Street research on Eastman Chemical over recent months has featured a mix of higher price targets and recalibrated views on risk, as firms respond to commodity market forecasts, geopolitical bottlenecks in key shipping routes, and sector wide concerns around capacity and demand.
DOW
US$41.40
Dow
7D
1.4%
1Y
46.8%

DOW: Tighter Polyethylene Supply And Share Buybacks Will Support Higher Future Multiple

Analysts have lifted the fair value estimate for Dow to $48.00 from $38.39 as higher price targets cluster around expectations for tighter polyethylene supply, stronger near term margins, and a higher future P/E profile. Analyst Commentary Recent research on Dow reflects a clear turn toward more constructive views, with multiple upgrades and higher price targets clustered around expectations for tighter polyethylene supply, firmer margins, and a richer P/E profile.
FTK
US$16.02
Flotek Industries
7D
-8.0%
1Y
142.7%
OLN
US$28.57
Olin
7D
-1.5%
1Y
42.1%

OLN: Cost Actions And Supply Shifts Will Shape Post 2025 Recovery Path

The analyst price target for Olin has been adjusted to $28.00. Analysts cite updated commodity chemical forecasts, recent earnings model revisions, and changing supply expectations linked to geopolitical disruptions as key drivers of the change.
WLK
US$119.40
Westlake
7D
5.4%
1Y
35.0%
LXU
US$14.91
LSB Industries
7D
-8.5%
1Y
173.1%
LYB
US$79.60
LyondellBasell Industries
7D
-1.1%
1Y
37.3%

LYB: Tighter Polyethylene Supply And Dividend Cut Are Expected To ReRate Shares

Analysts have raised the price target on LyondellBasell Industries to $90, up from about $86.92. They cite higher assumed revenue growth, a lower profit margin, and a higher future P/E in light of recent upgrades and price target increases across the Street.
PPG
US$103.24
PPG Industries
7D
-0.6%
1Y
4.1%
CF
US$129.97
CF Industries Holdings
7D
-4.7%
1Y
77.9%
SHW
US$318.00
Sherwin-Williams
7D
0.8%
1Y
-4.2%
KWR
US$120.57
Quaker Chemical
7D
-3.4%
1Y
13.9%

KWR: M&A Execution And Share Gains Will Support Future Upside

Narrative Update: Quaker Chemical Analyst Price Target Shift Analysts now center their price target for Quaker Chemical around $183, reflecting a blend of Seaport's downgrade, Deutsche Bank's lift to $170, and RBC Capital's reset to $184 after Q4 results and softer 2026 guidance, while still acknowledging ongoing share gains in flat to slightly weaker end markets. Analyst Commentary Recent research on Quaker Chemical highlights a split view on how the story stacks up after Q4 results and updated guidance, with price targets clustering in the mid to high $100s.
ALB
US$178.09
Albemarle
7D
-0.8%
1Y
204.4%

ALB: Lithium Tightening And Cost Discipline Will Drive Bullish Re Rating Ahead

Analysts have nudged Albemarle's price targets higher across the board, with several firms lifting their views by $10 to more than $100, as they point to stronger lithium pricing, disciplined cost control, and improving sentiment around electric vehicle and energy storage demand. Analyst Commentary Bullish analysts are leaning into a more constructive view on Albemarle, with a cluster of upgrades and higher price targets tied to lithium pricing, cost discipline, and renewed interest in battery supply chains.
CTVA
US$85.46
Corteva
7D
4.2%
1Y
53.2%

CTVA: Crop Protection Uncertainty And SpinCo Separation Will Shape Future Risk Balance

The analyst price target for Corteva has been nudged higher, with a modest fair value uplift to $83.95 as analysts balance a series of recent target increases from multiple firms against more cautious views tied to softer crop protection trends. Analyst Commentary Recent research on Corteva reflects a split view, with several firms lifting price targets while others turn more cautious on near term fundamentals, especially in crop protection.
ECL
US$264.28
Ecolab
7D
1.1%
1Y
11.1%

ECL: Structural Pricing Power Will Support Execution On CoolIT Data Center Deal

Ecolab's updated analyst price target edges down from $321.86 to $320.43 as analysts factor in higher revenue growth assumptions, slightly lower projected profit margins, and a modestly reduced future P/E multiple, following a mix of recent target increases, target cuts, and rating changes across the Street. Analyst Commentary Recent Street research on Ecolab shows a mix of optimism and caution, with several firms adjusting ratings and targets around pricing power, deal valuation, and execution.
LIN
US$502.60
Linde
7D
2.3%
1Y
14.8%
PRM
US$25.59
Perimeter Solutions
7D
19.9%
1Y
173.7%