The Zacks Chemicals Specialty industry consists of manufacturers of specialty chemical products for a host of end-use markets such as textile, paper, automotive, electronics, personal care, energy, construction and agriculture. These chemicals (including catalysts, surfactants, speciality polymers, coating additives, pesticides and oilfield chemicals) are used based on their performance and have a specific purpose. They have applications in the manufacturing process of a vast range of products, including paints and coatings, cosmetics, petroleum products, inks and plastics.
Some of the prominent industry players are Celanese Corporation (CE), W. R. Grace & Co. (GRA) and Ingevity Corporation (NGVT).
Here are the industry’s three major themes:
- Companies in the chemical specialty space are facing the heat from a significant downturn in demand across certain major industries including construction and automotive in the wake of the coronavirus pandemic. The contagion brought industrial activities to a grinding halt globally, sapping demand for specialty