Due to its various use cases and integration of advanced technologies, the chemicals industry is expected to stay buoyed in the foreseeable future. To that end, investors could look to buy fundamentally strong chemical stocks Linde plc (LIN – Get Rating), Akzo Nobel N.V. (AKZOY – Get Rating), Orion S.A. (OEC – Get Rating), and AdvanSix Inc. (ASIX – Get Rating).
The chemical industry supports a wide range of manufacturing sectors, including automotive, agriculture, healthcare, construction, textiles and apparel, and electronics.
Global chemical producers increasingly use digital technologies like Artificial Intelligence (AI) and Machine Learning (ML) to empower materials innovation, expedite low-cost formulations, improve supply chains, and promote sustainability.
Moreover, with significant prospects in end-use markets, the global specialty chemical market is expected to reach an estimated $879.10 billion by 2028, expanding at a CAGR of 4.9% from 2023 to 2028.
Furthermore, chemical companies are transforming to eliminate the negative impact of chemical manufacturing on the environment by adopting sustainable and eco-friendly processes. The global chemicals market is expected to grow to $6.37 trillion in 2026 at a CAGR of 8.4%.
Considering these factors, investors could look to buy the featured chemical stocks. Let’s take a closer look at their fundamentals.
Based in Woking, the United Kingdom, LIN operates as an…
Continue reading at STOCKNEWS.com