11 Undervalued Chemical Stocks to Buy Now

6. PPG Industries, Inc. (NYSE:PPG)

Forward P/E: 13.64

Number of Hedge Fund Holders: 36

PPG Industries, Inc. (NYSE:PPG) is an American multinational chemical company and a leading global supplier of paints, coatings, and specialty materials. With operations in more than 70 countries, the company serves customers in construction, consumer products, industrial, and transportation markets and aftermarkets. PPG Industries, Inc. (NYSE:PPG) ranks among the best-undervalued chemical stocks to invest in.

The company is strategically streamlining and optimizing its business by divesting some of its assets while also investing in growth initiatives in certain markets. In 2024, PPG Industries, Inc. (NYSE:PPG) optimized its business portfolio through the divestitures of its silica products and its architectural coatings US and Canada businesses. These divestitures improved the company’s financial profile and helped the company to improve its EBITDA margin to 18.1%. This move also helps PPG Industries, Inc. (NYSE:PPG) to focus more on core strengths and deliver sustainable organic growth. On March 26, 2025, PPG Industries, Inc. (NYSE:PPG) announced the opening of a new waterborne automotive coatings manufacturing plant in Samut Prakan, Thailand. The facility will produce waterborne basecoats and primers with a production capacity of 2,000 tons annually. The facility includes an automated spray application center that will enhance PPG Industries, Inc.’s (NYSE:PPG) service capabilities. The rise of electric vehicles in the region presents vast opportunities for global automakers, including Chinese OEMs. This move will expand the company’s operations and help the company meet the rising demand for coatings from automotive companies in Southeast Asia.