Chemical Wholesaling in Canada
Declines in commodity prices, particularly oil, have reduced investment in extraction of these commodities and demand for chemicals used in the process. However, other industry markets have grown alongside consumer spending and a related rise in manufacturing output over the five years to 2017. As a result, industry revenue is expected to grow over the five-year period. Over the five years to 2022, IBISWorld anticipates that the industry will grow moderately. Consumer spending will continue to grow, boosting manufacturing output and demand for chemicals. However, a stronger Canadian dollar, and less demand for the country's exports, will lead to a slowdown in manufacturing output, tempering the industry's growth.
This industry wholesales chemicals and related products, including compressed gas, chemical additives and synthetic rubber, to the manufacturing, construction and mining industries. This industry does not wholesale agricultural and medicinal chemicals, paints and varnishes, fireworks or plastics materials.
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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