The chemical industry is growing due to increased demand from key sectors like automotive, construction, agriculture, healthcare, and electronics, especially in emerging markets. The industry is offering lucrative investment opportunities driven by heightened demand, government initiatives, and technological advancements in critical end-use industries.
However, for reasons discussed throughout this article, I believe Albemarle Corp. (ALB) should be best avoided at the moment, while it could be prudent to keep an eye on L'Air Liquide S.A. ADR (AIQUY) for an attractive entry point. On the other hand, it could be wise to buy NewMarket Corp (NEU) to capitalize on the industry tailwinds.
