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© Reuters. Boost your portfolio with these 4 most popular stocks of chemical products
The chemical industry stalled last year with the start of the COVID-19 pandemic. However, the growth of production activity and increased export demand are flashing, positive indicators of the revival of the chemical industry. Therefore, we think that the addition of LyondellBasell (LYB) premium chemical stocks could now be considered, Westlake Chemical (NYSE :), Hunter (NYSE :), and The Chemours (CC) in its portfolio. So let’s study these names. The chemical industry was hit hard by last year’s disturbances caused by the COVID-19 pandemic. However, the U.S. Chemistry Council (ACC) reported that U.S. chemical production expanded in 2021 thanks to rising post-isolation consumption that boosted demand for chemicals and other goods and materials.
With a variety of chemical uses – from helping to preserve and flavor food to soap production and the increasing use of chemicals in the automotive and construction industries – the industry is expected to grow significantly in the coming months. The amount of chemicals in the US is expected to increase by 3.2%. Capital consumption in the chemical industry is expected to increase by 3.1% in 2022.
Given this background, we think it would be wise to bet on fundamentally strong chemical stocks LyondellBasell Industries NV (NYSE :), Westlake Chemical Corporation (WLK), Huntsman Corporation (HUN) and The Chemours Company (NYSE :).
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