10 High Growth Chemical Stocks to Buy

7. Air Products and Chemicals, Inc. (NYSE:APD)

Revenue CAGR: 6.80%

Market Capitalization: $70.33 billion

Air Products and Chemicals, Inc. (NYSE:APD) is a global supplier of atmospheric and process gases. It serves sectors such as manufacturing, chemicals, electronics, and refining. The company also designs and manufactures equipment for gas separation and liquefaction.

For the fourth quarter ended September 30, 2024, Air Products and Chemicals, Inc. (NYSE:APD) reported EPS of $8.81, which represents a 186% increase YoY. This growth was primarily due to an after-tax profit of $1.2 billion from the sale of the company’s LNG business. Similarly, adjusted EBITDA grew 12% year-over-year to $1.4 billion, while adjusted EPS increased 13% YoY to $3.56.

Throughout the year 2024, the company took strategic steps to improve its industrial gas business. It concluded the $1.81 billion sale of its LNG business to Honeywell, allowing it to shift focus toward its core activities. Furthermore, a capital investment of $70 million was made in gas separation and purification equipment, as well as the construction of air-separation machinery in Georgia and North Carolina.

Air Products and Chemicals, Inc. (NYSE:APD) also secured a 15-year contract with TotalEnergies, a petroleum and multi-energy entity, to supply 70,000 tons of green hydrogen annually. Furthermore, the company has announced plans to construct multimodal hydrogen refueling stations in California, Canada, and Europe. With higher demand for hydrogen expected in the coming years and a consistently strong core business in industrial gases, the company is on a growth trajectory.

Therefore, for 2025, Air Products and Chemicals, Inc. (NYSE:APD) aims for an adjusted EPS between $12.70 and $13.00, while capital expenditures are projected to be between $4.5 billion and $5.0 billion, primarily focused on renewable energy and hydrogen infrastructure. Thus, Air Products remains a solid option for investors seeking high-growth chemical stocks, given its strong growth prospects.