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Canada Petrochemicals Report 2016

Canada Petrochemicals Report 2016

Canada's petrochemicals industry saw mixed results in 2015 with a contraction in the value of basicchemicals sales, but strong growth in rubber and plastic production. While domestic petrochemicalsconsumption is expected to pick up in 2016, this could be offset by slower growth in Canada's main exportmarket, the US. There are added challenges of carbon pricing and the declining competitiveness of Canada'sethane-fed industry relative to naphtha-based rivals in Europe and Asia. Nevertheless, in the long term, theavailability of ethane derived from unconventional resources should drive petrochemicals investment.

In 9M15, the value of plastic products shipped rose 7.4% y-o-y while rubber rose 2.9% y-o-y. Chemicalcapacity utilisation rates averaged 84.3% in H115, up 8.7 percentage points (pp) over H114, while plasticand rubber rates were at 82.6% and 84.7%, up 4.2pp and 2.0pp respectively. Higher operating rates andgrowth in value indicate healthy margins in the petrochemicals industry. However, basic chemicals andindustrial chemical products exports fell by 5.8% to CAD16.4bn in 10M15, while plastic and rubberproducts rose 8.2% to CAD13.3bn, providing a mixed scenario for Canadian petrochemicals producers.

However, polymer margins were generally comfortable, setting the basis for further growth in 2016.

BMI Industry View
Industry Forecast
Table: Canada Petrochemical Sector - Historical Data & Forecasts
Macroeconomic Forecasts
Economic Analysis
Petrochemicals Risk/Reward Index
Americas Petrochemicals Risk/Reward Index
Worsening market risk in Latin America
Table: Americas Petrochemicals Risk/Rewards Ratings
Canada Petrochemicals Risk/Reward Index
Market Overview
Table: Canada Olefins Facilities
Table: Canada Polyolefins Facilities
Table: Canada Aromatics And Derivatives Facilities
Industry Trends And Developments
Table: Shale Resource-In-Place, Alberta
New Cracker Capacity
Competitive Landscape
Company Profile
NOVA Chemicals
Regional Overview
Americas Overview
Production Growth Concentrated in NAFTA
Table: Planned Cracker Projects
Global Industry Overview
Feedstock Differentials: Respite for Europe
2016 Feedstock Outlook
Could US Gas Run out?
Market Outlook: Chinese Downturn
Long-term Outlook
Europe - Brent On Board For A Bumpy Ride
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Canada 1990-2025)
Table: Key Population Ratios (Canada 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Canada 1990-2025)
Table: Population By Age Group (Canada 1990-2025)
Table: Population By Age Group % (Canada 1990-2025)
Table: Glossary Of Petrochemicals Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators

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