Despite the current macroeconomic volatility, the chemical industry remains a significant contributor to the global economy, given its widespread demand, and is expected to continue evolving amid innovations. To that end, investors could benefit from fundamentally strong chemical stocks Nitto Denko Corporation (NDEKY), CSW Industrials, Inc. (CSWI), and Orion S.A. (OEC).
The chemical sector benefits from being tightly linked with several other industries. The chemistry business is linked with 96% of all manufactured goods, supporting industries such as automotive, agriculture, healthcare, construction, textiles and apparel, and electronics. Therefore, speeding up innovation in the chemical industry arguably fuels advancements in many other sectors.
