Inorganic Chemical Manufacturing in Canada
Given the types of products manufactured, industry demand is closely linked to the overall performance of the manufacturing and construction sectors, and the wide range of end markets helps to moderate industry volatility. Industry performance has fluctuated over the past five years. While domestic manufacturing production has risen overall, some key markets such as paper have experienced declining demand. Further, a sharp drop in the price of inputs such as natural gas has put downward pressure on product prices. Consequently, IBISWorld forecasts industry revenue to decline. This includes forecast growth in 2018, in response to recovering gas prices and rising demand for exports over the year. Over the five years to 2023, the industry is expected to continue the uptick in performance begun in 2018, with revenue rising. Consumer spending is forecast to rise, and forecast growth in input prices such as natural gas will stimulate demand from related manufacturing markets as well as putting upward pressure on industry prices. Growth is likely to be slow, however, with residential construction activity forecast to cool, brought down by high household debts and an rising interest rates. However, an improving US economy will also boost demand for exports, benefiting the industry.
This industry manufactures a variety of basic inorganic chemicals, most of which are mineral based, as opposed to carbon-based organic chemicals. Inorganic chemicals are used as inputs in several manufacturing and industrial processes. Key identifiable industry segments include chloralkali and carbon black products. The industry does not manufacture industrial bleaches (IBISWorld report 32561CA) or chlorine preparations for swimming pools (IBISWorld report 32599CA).
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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