Petrochemical Manufacturing in Canada - Industry Market Research Report

Petrochemical Manufacturing in Canada - Industry Market Research Report

  • March 2020 •
  • 39 pages •
  • Report ID: 4564022 •
  • Format: PDF
Chain reaction: Improving economic conditions across North America are expected to benefit the industry

Abstract

Petrochemical Manufacturing in Canada
The Petrochemical Manufacturing industry in Canada primarily produces ethylene, alongside a range of other chemicals that serve as a precursor for several other chemical products that are ultimately used in the consumer and industrial sectors. Industry revenue figures are closely linked to crude oil and natural gas prices, as those are key inputs in the manufacturing process. Price changes have affected an otherwise positive period for the industry. In terms of units, the industry has benefited from improving economic conditions across North America, which have stimulated consumer spending domestically and in the United States, the industry’s largest trade partner. Input price volatility will continue, which will keep pressure on industry prices and profit margins, and consumer spending is forecast to slow, constraining growth. However, in recent years, provincial governments have attempted to boost the sector through financial incentives.

This industry manufactures petrochemicals, which are chemicals derived from petroleum and natural gas. Key products include ethylene, propylene, butylene, benzene, toluene, styrene, xylene, ethyl benzene and cumene. These products are used in the production of consumer products, automotive components and various durable and nondurable goods. Organic compounds, such as ethyl alcohol, in addition to inorganic chemicals, such as carbon black, are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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