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U.S. Chemicals Industry Analysis

UpdatedAug 12, 2026
DataAggregated Company Financials
Companies123
  • 7D1.6%
  • 3M-1.7%
  • 1Y8.8%
  • YTD14.9%

Air Products and Chemicals is up 5.0%, leading the way for the Chemicals industry, which has gained 1.6%. This means that the industry has gained 8.8% over the past year. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Aug 2026US$810.4bUS$362.5bUS$11.1b29.5x73.2x2.2x
Fri, 10 Jul 2026US$825.4bUS$360.7bUS$11.9b26x69.3x2.3x
Sun, 07 Jun 2026US$813.3bUS$360.7bUS$11.6b27.1x70x2.3x
Tue, 05 May 2026US$847.2bUS$358.1bUS$9.5b29.3x89.2x2.4x
Thu, 02 Apr 2026US$835.9bUS$357.0bUS$7.3b28.9x114.1x2.3x
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
Price to Earnings Ratio

24.7x


Total Market Cap: US$772.0bTotal Earnings: US$31.2bTotal Revenue: US$412.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 52x202420252026
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 73.2x which is higher than its 3-year average PE of 52.0x.
  • 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 29% per year over the last three years,
  • Revenues have also declined 4.2% 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 Market0.091%
Materials4.29%
Chemicals1.56%
Commodity Chemicals2.78%
Industrial Gases2.06%
Specialty Chemicals1.62%
Diversified Chemicals0.59%
Fertilizers and Agricultural Chemicals-1.27%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 33.5x.
    • Analysts are expecting annual earnings growth of 19.1%, which is lower than the prior year's growth of 22.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 83% over the next 5 years.
  • In contrast, the Industrial Gases industry is expected to see its earnings grow by 17% 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
APD Air Products and ChemicalsUS$309.315.0%
+US$3.3b		6.9%PS5.5x
LIN LindeUS$490.531.2%
+US$2.7b		3.7%PE31.2x
IFF International Flavors & FragrancesUS$85.005.1%
+US$1.0b		31.7%PS2x
SQM Sociedad Química y Minera de ChileUS$72.225.3%
+US$1.0b		57.8%PE25.3x
ALB AlbemarleUS$129.367.1%
+US$1.0b		65.9%PE265.8x

Latest News

ALB
US$129.36
Albemarle
7D
7.1%
1Y
65.9%
APD
US$309.31
Air Products and Chemicals
7D
5.0%
1Y
6.9%
CC
US$14.80
Chemours
7D
-17.5%
1Y
19.2%
DOW
US$31.26
Dow
7D
3.1%
1Y
44.0%
Narrative Update • Aug 10

DOW: Softer Petchem Pricing And Cost Actions Will Shape Returns Ahead

Analysts have reduced the fair value estimate for Dow to $29 from $35, citing a series of recent price target cuts, mixed quarterly updates, and softer commodity and polyethylene pricing. These factors have led to lower revenue growth assumptions, a slightly higher discount rate, and a more conservative future P/E multiple, partly offset by a modestly higher profit margin outlook.
ECVT
US$10.12
Ecovyst
7D
-16.4%
1Y
15.9%
SHW
US$364.42
Sherwin-Williams
7D
0.8%
1Y
1.8%
CF
US$117.80
CF Industries Holdings
7D
-0.3%
1Y
42.1%
SMG
US$62.03
Scotts Miracle-Gro
7D
-6.6%
1Y
2.0%
IFF
US$85.00
International Flavors & Fragrances
7D
5.1%
1Y
31.7%
Narrative Update • Aug 06

IFF: Food Ingredients Sale And Buybacks Will Support Stronger 2026 Framework

For International Flavors & Fragrances, the analyst fair value estimate has moved modestly higher to about $94.82 from $91.66. This reflects updated views that emphasize improving profit margins and cash returns, while still recognizing more cautious revenue growth assumptions and a slightly higher future P/E expectation across recent research.
CTVA
US$76.22
Corteva
7D
-2.7%
1Y
7.3%
Narrative Update • Aug 04

CTVA: Upcoming Seed Spinoff And Crop Protection Pipeline Will Reshape Earnings Mix

Analysts lifted their price target for Corteva to $92.40 from $90.05, pointing to updated expectations around the Vylor seed spinoff, the crop protection and fertilizer backdrop, and the revised P/E and profitability assumptions cited in recent research. Analyst Commentary Recent research on Corteva centers on how the Vylor seed spinoff, crop protection trends, and fertilizer market conditions may affect valuation, growth prospects, and execution risk.
PPG
US$116.16
PPG Industries
7D
-1.4%
1Y
6.8%
SOLS
US$61.11
Solstice Advanced Materials
7D
-3.8%
1Y
n/a
Narrative Update • Aug 04

SOLS: Element Solutions Deal Will Reshape Future Earnings And Cash Generation

Solstice Advanced Materials' analyst price target has been reset lower in this update, moving from about $87.67 to about $80.43 as analysts factor in a reduced future P/E multiple following the Element Solutions acquisition, even as they cite firmer revenue growth and profit margin assumptions. Analyst Commentary Recent Street research on Solstice Advanced Materials highlights a mix of optimism around the Element Solutions acquisition and core growth areas, alongside more cautious views on valuation and deal risk.
LYB
US$63.98
LyondellBasell Industries
7D
4.7%
1Y
27.3%
LIN
US$490.53
Linde
7D
1.2%
1Y
3.7%
Seeking Alpha • Aug 03

Linde: My 'Not Cheap' Thesis Has Been True Since 2023

Summary Linde plc remains a 'Hold' due to excessive valuation, despite its world-class fundamentals and robust profitability. LIN trades at a 27x-30x P/E, requiring unrealistic growth or sector re-rating to justify current levels and deliver meaningful upside. Recent results show strong margins, cash generation, and backlog, but capital allocation—especially buybacks at high multiples—raises concerns. My fair value is $340/share, with a 15% annualized hurdle; current risk/reward is unattractive until a significant valuation correction. Read the full article on Seeking Alpha
SQM
US$72.22
Sociedad Química y Minera de Chile
7D
5.3%
1Y
57.8%
Narrative Update • Aug 03

SQM: Future Returns Will Hinge On Lithium Volume Execution

The updated analyst price target for Sociedad Química y Minera de Chile increases by about $9 per share. Analysts attribute the change to revised fair value estimates, a slightly lower discount rate, expectations for stronger profit margins, and a lower future P/E.
ESI
US$37.65
Element Solutions
7D
-3.2%
1Y
51.9%