The global chemical industry is experiencing substantial growth, fueled by increased sustainability initiatives and rising demand across various sectors. Given the industry’s tailwinds, investors could consider buying fundamentally sound chemicals stocks, LyondellBasell Industries N.V. (LYB), Innospec Inc. (IOSP), and NewMarket Corporation (NEU).
Specialty chemicals are used across nearly every industrial sector. Over half of the global production is consumed by four key industries: food and beverages, soap, cleaning, and cosmetics, construction, and electronics. The global specialty chemicals market is anticipated to grow at a CAGR of 5.2% by 2030, driven by industrialization and rising consumer economies.
