Several end-use industries, such as automotive, consumer goods, building & construction, and electronics, rely heavily on chemicals for manufacturing processes. Further, numerous technological advancements and sustainability initiatives, including the shift toward bio-based chemicals and green chemistry practices, would create new growth opportunities.
Given the industry’s rosy prospects, investors could consider buying fundamentally sound chemical stocks Nitto Denko Corporation (NDEKY), Akzo Nobel N.V. (AKZOY), and Fuchs SE (FUPBY) for potential returns.
