Eastman Chemical Company is a specialty materials company operating in the United States, China, and internationally. Its Additives & Functional Products segment offers amine derivative-based building blocks, surfactant intermediates, metam-based soil fumigants, organic acid-based solutions, specialty coalescents and solvents, paint additives, specialty polymers, and heat transfer and aviation fluids. The Advanced Materials segment provides copolyesters, cellulosic biopolymers, polyvinyl butyral sheets, polyester films, and window and protective films. The Chemical Intermediates segment offers olefin and acetyl derivatives, methylamines and salts, higher amines and solvents, ethylene, commodity solvents, and plasticizers. The Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, acetic anhydride, acetate yarns, staple fiber, wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers. The company was founded in 1920 and is headquartered in Kingsport, Tennessee.
Citi downgrades Dow and LyondellBasell to Neutral on weak chemical demand
Citi downgraded Dow and LyondellBasell to Neutral from Buy on Wednesday, citing weak demand that is limiting the benefit chemical producers might otherwise receive from higher oil and global feedstock costs. Lead analyst Patrick Cunningham said Citi no longer has conviction that polyethylene prices offer significant upside, even with crude oil at $100 a barrel, and the firm cut earnings estimates and price targets across much of its North American commodity chemicals coverage. Citi lowered its Dow price target to $30 from $35 and its LyondellBasell target to $63 from $72, and reduced its 2027 EPS estimate for Dow to $1.21 from $1.83 and for LyondellBasell to $5.79 from $7.20. The firm expects integrated polyethylene margins to decline by about 11 cents per pound in 2027, with each 1-cent change representing roughly $120 million in annualized EBITDA for Dow's North American operations and $133 million for LyondellBasell. Citi also cut its Westlake price target to $67 from $85 while maintaining a Neutral rating, trimmed its Celanese target to $58 from $60 and its Eastman Chemical target to $76 from $81 while keeping Buy ratings on both, and maintained Neutral/High Risk ratings on Huntsman and Olin with price targets cut to $9 from $11 and $17 from $19, respectively.
DOW · Capital · Negative Citi downgraded Dow to Neutral from Buy and cut its price target to $30 from $35 and 2027 EPS estimate to $1.21 from $1.83.
LYB · Capital · Negative Citi downgraded LyondellBasell to Neutral from Buy and cut its price target to $63 from $72 and 2027 EPS estimate to $5.79 from $7.20.
CE · Capital · Negative Citi trimmed its Celanese price target to $58 from $60 while keeping a Buy rating.
EMN · Capital · Negative Citi cut its Eastman Chemical price target to $76 from $81 while keeping a Buy rating.
HUN · Capital · Negative Citi maintained a Neutral/High Risk rating on Huntsman and cut its price target to $9 from $11.
OLN · Capital · Negative Citi maintained Neutral/High Risk on Olin and cut its price target to $17 from $19 amid weak chemical demand.
Chemed, Ecolab, Marriott, Public Storage, Eastman Chemical, and Tyson Foods declare quarterly dividends
Chemed, Ecolab, Marriott International, Public Storage, Eastman Chemical, and Tyson Foods all declared quarterly dividends. Chemed raised its payout by 17% to 70 cents per share, payable September 3, 2026 to holders of record August 17. Ecolab declared a regular quarterly dividend of $0.73 per share, payable October 15 to holders of record September 15. Marriott declared 73 cents per share, payable September 30 to holders of record August 20. Public Storage declared a regular quarterly common dividend of $3.00 per share and dividends on its various preferred series, with the common payable October 6 and the preferred payable September 30, both to holders of record September 15. Eastman Chemical declared 84 cents per share, payable October 7 to holders of record September 15. Tyson Foods declared 51 cents per share on Class A common and 45.9 cents on Class B common, payable December 15 to holders of record December 1.
Global Isobutanol Market to Reach USD 1.89 Billion by 2035 at 38% CAGR
The global isobutanol market is projected to grow from USD 0.74 billion in 2025 to USD 1.89 billion by 2035, at a compound annual growth rate of 38%, according to a new report by Custom Market Insights. The market was valued at approximately USD 0.74 billion in 2025 and is expected to reach USD 0.81 billion in 2026. Growth is driven by rising demand for sustainable biofuel components, increased use in specialty chemicals and coatings, expansion of bio-based production, and advancements in fermentation technologies. The bio-based isobutanol segment is the largest and fastest-growing, while the Asia Pacific region holds the top market position and shows the highest growth rate. Key players include Gevo Inc., OQ Chemicals GmbH, BASF SE, Eastman Chemical Company, and Mitsubishi Chemical Corporation.
Eastman Chemical currently holds a Zacks Rank #2 (Buy) and a Value grade of A, suggesting it may be undervalued. The stock has a forward P/E ratio of 9.55, below the industry average of 12.70, and a price-to-book ratio of 1.27, compared to the industry average of 2.06. Over the past year, its forward P/E ranged from 7.66 to 13.09, while its P/B ranged from 1.14 to 2.33. These metrics, combined with a positive earnings outlook, indicate Eastman Chemical could be a compelling value stock.
EMN · Capital · Positive Article highlights low P/E and P/B ratios relative to industry, suggesting undervaluation, and assigns a Zacks Rank #2 (Buy) and Value grade A.
Eastman Chemical’s 4.56% Yield Backed by 16 Straight Dividend Raises and Recycling Growth
Eastman Chemical’s 4.56% dividend yield is supported by 16 consecutive annual increases and a 61% adjusted earnings payout ratio, keeping the income stream well covered. The Kingsport methanolysis facility added $60 million in incremental earnings in 2025, with $30 million more targeted for 2026, making recycling the key secular growth driver. Net debt stands at $4.59 billion, or 3.4 times EBITDA, which is elevated for a cyclical company, but $665 million in cash and falling capital expenditures provide meaningful insulation. Free cash flow payout was elevated at about 90% in 2025, though 2026 capex guidance of roughly $400 million is expected to restore breathing room. Management returned approximately $500 million to shareholders in 2025 through dividends and share repurchases.
EMN · Capital · Positive 16 consecutive dividend raises, strong payout coverage, and $500M returned to shareholders signal financial health and shareholder value.
Insoluble Sulfur Market to Reach USD 2.27 Billion by 2035 on EV Tire Demand
The global insoluble sulfur market is projected to grow from USD 1.27 billion in 2025 to USD 2.27 billion by 2035, at a compound annual growth rate of 6.00%, according to SNS Insider. The tire manufacturing segment dominated with a 65% share in 2025, driven by annual global tire production exceeding 3 billion units. High dispersion grade insoluble sulfur is the fastest-growing segment, fueled by electric vehicle tire requirements for superior steel cord adhesion and micro-dispersion. Asia Pacific led the market with 42.8% of global revenues in 2025, with China accounting for approximately 54.6% of that region's revenues. North America and Europe are also significant markets, supported by major tire manufacturers and chemical producers such as Eastman Chemical and LANXESS.
Eastman Chemical Acquires Jarylec Dielectric Fluids Brand from Arkema
Eastman Chemical Company has acquired the Jarylec dielectric fluids brand and selected assets from Arkema France, strengthening its position in the dielectric fluids market. The acquisition includes key trademarks, customer lists, technical documentation, and intellectual property associated with the Jarylec brand, whose products are widely used in high-voltage transformers and power grid applications. Eastman plans to continue producing the dielectric fluid products under the Jarylec brand at its existing manufacturing facility in Marl, Germany, utilizing its state-of-the-art production processes and rigorous quality standards. The company also expects tailwinds from improved sales volume and mix in Advanced Materials, substantial spread improvement in Chemical Intermediates, and maintained its cost-reduction target of $125 million to $150 million net of inflation, with capital expenditures expected to be approximately $400 million in 2026.
Dimethylformamide Market to Reach USD 4.54 Billion by 2035, Growing at 4.98% CAGR
The global dimethylformamide market is projected to grow from USD 2.79 billion in 2025 to USD 4.54 billion by 2035, expanding at a compound annual growth rate of 4.98 percent, according to a report by SNS Insider. Industrial grade held the largest share at approximately 58.4 percent of the market in 2025, while pharmaceutical grade is the fastest-growing segment with a CAGR of about 7.9 percent, driven by pharmaceutical API manufacturing expansion in India, China, and Europe. North America led regional markets with a 38.9 percent revenue share in 2025, and Asia Pacific is the fastest-growing region, fueled by synthetic leather production in China and India's pharmaceutical API export industry. Key players include BASF SE, Eastman Chemical Company, and Luxi Chemical Group, which completed a 50,000-tonne-per-year capacity expansion in 2024.
United States