10 High Growth Chemical Stocks to Buy

8. Ecolab Inc. (NYSE:ECL)

Revenue CAGR: 6.80%

Market Capitalization: $70.33 billion

As a global leader in water treatment, hygiene, and infection prevention solutions, Ecolab Inc. (NYSE:ECL) helps various industries operate safely and efficiently. The company operates through its three key segments which include Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences.

The company reported strong financials for the fourth quarter ended December 31, 2024, highlighting its operational excellence and commitment to innovation. Despite high bad debt, Ecolab Inc. (NYSE:ECL) was able to achieve adjusted net income and adjusted diluted EPS growth of 16% and 17%, respectively. Record sales of $4 billion (up 2% YoY), earnings, and free cash flow resulted from steady volume growth and value-based pricing, particularly in the United States. As a result, Ecolab repurchased $1 billion in stock and increased its quarterly dividend by 14% to $0.65 per share, indicating improved liquidity. However, reported sales and adjusted earnings per share are projected to decline by 3% and 4%, respectively, in 2025 due to foreign currency exchange rates.

Beyond short-term hurdles, the company is investing in high-growth markets, including data centers and microelectronics. Ecolab Inc. (NYSE:ECL) is also working on expanding its AI-driven solutions and enhancing its digital sales reporting in 2025, as part of its digital transformation.

Thus, with its expansion into high-margin industries and strong financial health, Ecolab Inc. (NYSE:ECL) remains one of the fastest-growing chemical stocks to watch.