10 High Growth Chemical Stocks to Buy

2. Westlake Corporation (NYSE:WLK)

Revenue CAGR: 9.70%

Market Capitalization: $14.84 billion

Westlake Corporation (NYSE:WLK) is a key producer of petrochemicals, polymers, and building products globally. The company’s Performance and Essential Materials (PEM) segment develops essential chemical products, including polyethylene, polyvinyl chloride, and chlor-alkali. On the other hand, its Housing and Infrastructure Products segment provides sustainable materials for infrastructure.

Westlake Corporation (NYSE:WLK) suffered from production outages during the latest quarter. As a result, the company reported net sales of $3.1 billion (down 3% YoY) for Q3 ended September 30, 2024, while EBITDA fell by $164 million to $580 million. Net income remained stable at $183 million with a stable cash flow of $254 million during the period.

Although the production outage led to a decline in financial performance, results (excluding its impact) reflect improving market conditions in North America, a sustained recovery in Asia, and a gradual improvement in Europe. Looking ahead, Westlake Corporation (NYSE:WLK) aims to enhance its Housing and Infrastructure segment with the latest digital solutions and anticipates an improvement in its full-year EBITDA margin guidance to 22%.

Furthermore, the launch of nature-inspired roofing colors and interactive contractor tools support the company’s strategy to expand its high-value product offerings. These initiatives are expected to support improved revenue stability and margins that are being challenged due to short-term pricing pressures for polyethylene and PVC. With overall improvements anticipated,  the company makes it to our list of the top high growth chemical stocks to buy.