The chemical industry is set for robust long-term growth due to rising demand for specialty chemicals, advanced production of bio-based chemicals amid sustainability initiatives, and the adoption of digital technologies. Thus, it could be wise to watch chemical stocks Toray Industries, Inc. (TRYIY), BASF SE (BASFY), and Fuchs SE (FUPBY) under $15.
The chemical sector foresees a significant transformation this year, emphasizing sustainable methods, transitioning toward renewable and bio-based sources, the emergence of digital technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT), tailored solutions, and a move toward localized production and supply chains.
