The chemical sector is vital to industries like manufacturing, construction, agriculture, healthcare, and consumer goods, providing essential raw materials for numerous daily products and processes. Therefore, it could be wise to buy chemical stocks, Dow Inc. (DOW) and PPG Industries, Inc. (PPG), this month.
The chemical sector is expected to grow strongly in the next few years owing to stringent environmental regulations, shifts in consumer preferences, the adoption of renewable and bio-based materials, and an increased prioritization of health and safety. Therefore, the global chemicals market is projected to grow at a CAGR of 8.7% by 2028.
