3 Top Chemicals Stocks for September By StockNews
As the chemical industry is expected to keep growing despite supply chain challenges, it could be wise to bet on quality chemical stocks Dow (DOW), ICL Group (ICL), and NewMarket Corporation (NEU). These stocks are in a strong position to rise over the short-term. The chemical industry was hit hard last year by COVID-19-led restrictions. Supply chain disruptions and the return of COVID-19 are continuing to affect the chemical industry. Thankfully, there are increasing vaccines and the industry is slowly recovering.
The industry will continue to expand due to the many uses of chemical solutions. These include making soaps, preserving and flavoring foods and increasing their use in construction and automobile manufacturing. A Research and Markets report estimates that the world’s chemicals market will reach $4.30 trillion in 2025.
It could make sense to buy shares in fundamentally strong chemical companies Dow Inc., ICL Group Ltd. (ICL) and NewMarket Corporation(NEU). In the coming months, they are predicted to rally further.
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