April 25 (Reuters) -

Eastman Chemical beat Wall Street estimates for first-quarter profit on Thursday, helped by a decline in destocking trends across key markets.

The company's adjusted profit was $1.61 per share for the three months ended March 31, compared with analysts' average estimate of $1.43 per share, according to LSEG data.

Chemical companies have been plagued by destocking for the past few quarters, but this trend is slowly coming to an end as companies are seeing demand levels pick up across the US, Europe and China.

"In the first quarter, we were encouraged to see continued evidence that inventory destocking is complete across most of our key end markets", said CEO Mark Costa.

The diversified chemicals company added that it expects to benefit from revenue and earnings generated at its Kingsport methanolysis facility, mostly in the second half of the year.

Eastman Chemical's sales grew 4.5% sequentially to $2.31 billion, above average analysts' estimate of $2.29 billion.

The company, which produces products that are used in a range of industries from consumer goods to the automotive industry, affirmed its full-year profit between $7.25 and $8.00 per share.

(Reporting by Saikeerthi in Bengaluru; Editing by Alan Barona)