Chemical Product Manufacturing in Canada
The Chemical Product Manufacturing industry in Canada is highly fragmented and manufactures a range of products, including custom compounded resins; photographic chemicals and paper; printing toner; plastic resins; and miscellaneous chemicals such as automotive lubricants and oils. Industry performance is tied to downstream demand from key markets, particularly construction and manufacturing, although the price of oil can also affect input prices. Over the past five years, the industry has struggled in response to sluggish manufacturing growth, and poor performance in nonresidential construction markets that was linked to tanking oil and natural gas prices. Given the broad range of industry products, performance tends to closely mirror the overall economy as far as construction and manufacturing activity are concerned. Over the five years to 2023, industry performance is forecast to improve.
This industry manufactures a diverse range of chemical products. Key product groups include custom compounding plastic resins and manufacturing toners, toner cartridges, photographic chemicals and sensitized photographic film, paper and plates. Custom compounding of plastic resins includes custom mixing and blending of purchased plastic resins and reformulating plastic resins from recycled plastic products.
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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