Chemical Wholesaling in Canada
Chemicals have a wide range of applications in many downstream industries, particularly in the manufacturing and mining sectors. Operators in the Chemical Wholesaling industry in Canada supply customers with a variety of chemical products and their downstream markets range from pharmaceutical companies to natural gas extractors to fertilizer manufacturers. The industry has performed well in recent years. While industry performance is closely tied to downstream manufacturing output, it is also highly exposed to the prices of crude oil and natural gas, which are used as inputs in the creation of a variety of industry goods. The industry experienced its strongest performance in 2014, when high oil and gas prices prompted significant growth in demand from related markets, boosting demand for industry products. Over the five years to 2023, IBISWorld anticipates that the industry will grow moderately.
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.