U.S. Plastics Market Forecasted to Grow 36% by 2033
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: NASDAQ.COM
- Market Growth Forecast: The U.S. plastics market is projected to grow from $195 billion to $266 billion by 2033, with a compound annual growth rate of nearly 4%, indicating significant expansion potential in sectors like automotive, construction, and packaging over the coming years.
- Stock Price Surge: Dow Inc. (DOW) saw its stock price jump over 6% on Wednesday due to optimistic market analysis, marking a potential rebound after a year of underperformance, although the company still faces ongoing negative factors.
- Industry Challenges: Dow has been burdened by oversupply, rising input costs, and weak global demand, leading to poor stock performance, compounded by a 50% cut in its dividend, which has further dampened investor sentiment.
- Cautious Investment Advice: While the chemical industry is cyclical and may recover as negative factors subside, there are currently no clear signs of a turnaround, suggesting that investors should be cautious when considering Dow stock and may prefer to stay on the sidelines for now.
Analyst Views on DOW
Wall Street analysts forecast DOW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DOW is 26.00 USD with a low forecast of 20.00 USD and a high forecast of 32.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
1 Buy
12 Hold
1 Sell
Hold
Current: 26.550
Low
20.00
Averages
26.00
High
32.00
Current: 26.550
Low
20.00
Averages
26.00
High
32.00
About DOW
Dow Inc. serves as a holding company for The Dow Chemical Company and its subsidiaries. The Company conducts its operations through six global businesses, which are organized into segments, such as Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure and Performance Materials & Coatings. Packaging & Specialty Plastics segment consists of two integrated global businesses: Hydrocarbons & Energy and Packaging and Specialty Plastics. This segment employs a polyolefin product portfolio. Industrial Intermediates & Infrastructure segment consists of two customer-centric global businesses: Industrial Solutions and Polyurethanes & Construction Chemicals that develop intermediate chemicals that are essential to manufacturing processes, as well as downstream, customized materials and formulations that use advanced development technologies. Performance Materials & Coatings segment consists of two global businesses: Coatings & Performance Monomers and Consumer Solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
