The global ethoxylates market is projected to grow from USD 13.66 billion in 2025 to USD 19.88 billion by 2035, with a CAGR of 3.82%. Growth is driven by rising demand for nonionic surfactants in detergents, cleaning products, and agrochemicals. The U.S. market is expected to expand from USD 2.87 billion to USD 4.09 billion over the same period. Asia Pacific is the fastest-growing region with a 4.63% CAGR, while North America holds the largest market share at 31.47%.
Dow Inc. (DOW)
Dow Chemical is a diversified global chemicals producer, formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in both consumer and industrial end markets.
Company Info
Highlights
Related Tickers
Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dow Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Dow Inc. (DOW) has returned 75.80% so far this year and 52.09% over the past 12 months. Looking at the last ten years, DOW has achieved an annualized return of -2.04%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
DOW
Benchmark (SPY)
Monthly Returns
The table below presents the monthly returns of Dow Inc. (DOW) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 16.99% | 11.75% | 35.67% | -0.46% | ||||||||
| 2025 | -3.17% | -0.24% | -9.70% | -11.28% | -9.58% | -4.27% | -11.88% | 7.11% | -5.37% | 4.15% | 1.10% | -0.93% |
| 2024 | -2.08% | 3.65% | 3.69% | -1.66% | 1.03% | -7.82% | 2.77% | -2.01% | 3.62% | -9.51% | -10.69% | -9.37% |
| 2023 | 17.29% | -3.51% | -4.31% | -1.48% | -10.43% | 8.69% | 6.05% | -3.00% | -6.31% | -5.75% | 7.28% | 5.87% |
| 2022 | 4.42% | -1.40% | 7.78% | 3.44% | 1.24% | -24.82% | 4.52% | -3.00% | -12.94% | 4.01% | 7.49% | -1.68% |
| 2021 | -7.02% | 13.21% | 4.56% | -2.27% | 8.29% | -8.52% | -3.21% | 0.96% | -8.39% | -2.95% | -1.93% | 2.22% |
| 2020 | -16.59% | -12.74% | -28.77% | 31.79% | 11.14% | 5.57% | 0.76% | 9.46% | 5.05% | -3.64% | 14.62% | 1.97% |
| 2019 | 2.92% | -17.71% | 5.25% | -3.12% | -11.46% | 13.08% | 5.32% | 4.69% | 3.26% | |||
| 2017 | 4.25% | 4.45% | 1.07% | -1.21% | -1.90% | 1.79% | 1.29% | 3.40% | ||||
| 2016 | 4.41% | -2.87% | -2.66% | 8.05% | -0.26% | -3.55% | 2.81% | 3.13% | 2.16% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Dow Inc. (DOW) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of DOW compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Dow Inc. volatility is 3.05%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 58.54B | 57.97B | 60.60B | 62.99B | 61.47B | 60.52B | 79.51B | 68.03B | 68.80B | 69.50B | 69.61B | 69.22B |
| Temporary Equity (USD) | - | - | - | - | - | - | - | - | 202.00M | 156.00M | 147.00M | 147.00M |
| Equity Attributable To Parent (USD) | 16.01B | 18.61B | 20.72B | 18.17B | 12.44B | 13.54B | 25.99B | 25.37B | 22.42B | 26.90B | 20.88B | 22.28B |
| Equity Attributable To Noncontrolling Interest (USD) | 1.51B | 501.00M | 529.00M | 574.00M | 570.00M | 553.00M | 1.24B | 809.00M | 931.00M | 1.03B | 990.00M | 1.01B |
| Equity (USD) | 17.52B | 19.11B | 21.25B | 18.74B | 13.01B | 14.09B | 27.23B | 26.18B | 23.35B | 27.92B | 21.87B | 23.29B |
| Redeemable Noncontrolling Interest, Common (USD) | - | - | - | - | - | - | - | - | 202.00M | 156.00M | 147.00M | 147.00M |
| Redeemable Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | 202.00M | 156.00M | 147.00M | 147.00M |
| Other Non-current Liabilities (USD) | - | - | 12.97B | 16.51B | 20.41B | 19.34B | 18.59B | - | - | - | 15.65B | 11.20B |
| Long-term Debt (USD) | - | - | 15.06B | 14.51B | 16.95B | 16.41B | 21.09B | - | - | - | 20.60B | 21.10B |
| Noncurrent Liabilities (USD) | 31.83B | 28.90B | 28.03B | 31.03B | 37.36B | 35.75B | 39.68B | 30.63B | 33.85B | 29.61B | 36.25B | 32.30B |
| Other Current Liabilities (USD) | - | 9.24B | 10.68B | 12.20B | 10.24B | 10.40B | - | - | - | - | - | - |
| Wages (USD) | - | 714.00M | 650.00M | 1.03B | 866.00M | 284.00M | - | - | - | - | - | - |
| Current Liabilities (USD) | 9.18B | 9.96B | 11.33B | 13.23B | 11.11B | 10.68B | 12.60B | 11.22B | 11.59B | 11.97B | 11.49B | 13.63B |
| Liabilities (USD) | 41.02B | 38.86B | 39.36B | 44.25B | 48.47B | 46.43B | 52.28B | 41.84B | 45.44B | 41.58B | 47.74B | 45.93B |
| Other Non-current Assets (USD) | 12.15B | 12.77B | 12.19B | 12.99B | 14.23B | 13.90B | 18.92B | 14.43B | 15.45B | 15.35B | 16.69B | 16.39B |
| Intangible Assets (USD) | 1.49B | 2.07B | 2.44B | 2.88B | 3.35B | 3.76B | 6.03B | 3.62B | 3.77B | 4.31B | 4.71B | 5.06B |
| Fixed Assets (USD) | 22.25B | 21.07B | 20.44B | 20.56B | 20.24B | 21.00B | 23.49B | 17.85B | 18.05B | 17.45B | 17.52B | 17.30B |
| Long Term Investments (USD) | 4.59B | 4.45B | 5.05B | 5.72B | 4.57B | 5.06B | 7.42B | 7.65B | 7.26B | 7.41B | 7.00B | 7.06B |
| Noncurrent Assets (USD) | 40.48B | 40.35B | 40.13B | 42.14B | 42.39B | 43.71B | 55.85B | 43.55B | 44.53B | 44.52B | 45.92B | 45.80B |
| Other Current Assets (USD) | 11.47B | 11.54B | 13.49B | 13.48B | 13.38B | 10.60B | 16.30B | 17.60B | 16.17B | 16.67B | 15.21B | 15.85B |
| Inventory (USD) | 6.60B | 6.08B | 6.99B | 7.37B | 5.70B | 6.21B | 7.36B | 6.87B | 8.10B | 8.30B | 8.48B | 7.58B |
| Current Assets (USD) | 18.06B | 17.61B | 20.48B | 20.85B | 19.08B | 16.82B | 23.66B | 24.48B | 24.27B | 24.98B | 23.68B | 23.42B |
| Assets (USD) | 58.54B | 57.97B | 60.60B | 62.99B | 61.47B | 60.52B | 79.51B | 68.03B | 68.80B | 69.50B | 69.61B | 69.22B |
News and Insights
The global Extruded Polystyrene (XPS) market is projected to grow from USD 6.01 billion in 2025 to USD 9.54 billion by 2035, with a CAGR of 4.73%. Growth is driven by increasing green building adoption, stringent energy codes (IECC 2021, ASHRAE 90.1), and rising demand for moisture-resistant insulation in residential and commercial construction. The U.S. market is expected to grow from USD 2.17 billion to USD 3.44 billion, while Asia Pacific emerges as the fastest-growing region at 5.89% CAGR.

U.S. Secretary of State Marco Rubio stated that military operations against Iran are expected to conclude within weeks rather than months without deploying ground troops. The conflict, which began with airstrikes on February 28, has disrupted global energy supplies and raised recession concerns. Dow Inc.'s CEO warned that nearly 20% of global petrochemical capacity is blocked with a 250-275 day recovery window after the strait reopens.

Dow CEO Jim Fitterling warned that the Iran war has disrupted nearly 20% of global petrochemical capacity due to the Strait of Hormuz closure, with recovery expected to take 250-275 days after reopening. The supply chain disruption will elevate petrochemical prices through year-end and create significant pricing gaps between U.S. and Asian markets, exacerbating economic inequality and potentially pushing interest rates higher.

The article analyzes three oil price scenarios for 2026 amid Middle East geopolitical tensions. If oil stays around $100/barrel, upstream producers like Devon Energy benefit most. If prices rise to $200/barrel, producers gain further while refiners and chemical companies suffer from higher input costs. If tensions de-escalate and prices fall, refiners and chemical companies benefit from lower costs, while producers are negatively impacted. Midstream businesses like Enterprise Products Partners remain relatively insulated from price volatility.
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Chemical giants Dow Inc. and LyondellBasell Industries surged dramatically in March 2026 (9-10% gains) despite recent losses, driven by Middle East geopolitical disruptions affecting the Strait of Hormuz. Their U.S. Gulf Coast facilities and NGL-based production costs provide competitive advantages as global competitors relying on crude oil-derived feedstocks face higher costs. Multiple Wall Street analysts upgraded ratings and raised price targets, citing margin expansion potential and supply disruptions benefiting these companies.
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Escalating Middle East conflict is disrupting global commodity markets, with oil, fertilizers, and chemicals experiencing significant supply pressures. BMO analysts warn that crude prices remain undervalued relative to supply risks, while fertilizer and chemical producers face margin expansion opportunities. Battery production and nickel markets face indirect threats through sulfur supply disruptions.
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