Plastic & Resin Manufacturing in Canada
As economic conditions began to improve following the recession, demand for industry products from the manufacturing and construction sectors rose in tandem. As a result, despite significant price volatility in the industry's key inputs, steady downstream market demand has driven industry growth over the five years to 2017. Over the five years to 2022, IBISWorld anticipates that the industry will continue to grow, albeit at a much slower pace compared with the previous five-year period. Slowed growth will be due, in part, to an appreciating Canadian dollar affecting industry trade.
Operators in this industry manufacture resins, plastic materials (i.e. polymers) and synthetic rubber. Key product groups include thermosetting resins, thermoplastic resins and synthetic rubber. Raw material inputs are sourced from chemical industries as well as those involved in petroleum-based feedstock production.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook