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Petrochemical Manufacturing in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Petrochemical Manufacturing in Canada Market Research Report | NAICS 32511CA | Mar 2016

Chain reaction: Demand from downstream industries will support industry growth

IBISWorld’s Petrochemical Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 11-16
-8.0%
Annual Growth 16-21
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Profit
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Employment
966
Businesses
19
Industry Analysis & Industry Trends

The Petrochemical Manufacturing industry has been volatile over the past five years, largely as a result of major fluctuations in input prices. Petrochemicals are the main input for this industry, and the collapse of global oil and gas prices in 2014 dragged down industry revenue significantly. In the five years to 2016, IBISWorld expects revenue to decrease as the price of petrochemicals declines further and reduces sales prices for industry products. In the five years to 2021, input price volatility will continue, particularly in the early part of the period. Overall, demand from key buying industries will grow steadily, which will support ongoing growth. Still, increased volatility will cause some downstream projects to be delayed and some establishments to be rationalized... purchase to read more

Industry Report - Starting a New Business Chapter

The Petrochemical Manufacturing industry faces a number of barriers to entry, including the level of capital required. The industry is capital intensive, with hundreds of millions of dollars required to construct a complex that is globally competitive. For example, a world-class ethylene plant is estimated to cost over $1.0 billion to construct.

Given the heavy reliance on various feedstocks, such as natural gas liquids and petroleum, the ability to access a steady supply of competitively priced raw materials is essential. Many of the established players are part of integrated oil companies that operate in integrated oil refining and petrochemical complexes, a position that gives them a significant competitive edge over potential stand-alone newcomers... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Petrochemical Manufacturing Industry?

This industry manufactures petrochemicals, which are chemicals derived from petroleum and natural gas. Key products include ethylene, propylene, butylene, benzene, toluene, styrene, xylene, ethyl benzene and cumene. These products are used in the production of consumer products, automotive components and various durable and nondurable goods. Organic compounds, like ethyl alcohol, and inorganic chemicals, like carbon black, are excluded from the industry.

Industry Products
EthylenePropyleneBenzeneButadieneStyreneButyleneXyleneToluene
 
Industry Activities
Manufacturing benzene from refined petroleum or liquid hydrocarbonsManufacturing butadiene/butane and butylene from refined petroleum or liquid hydrocarbons Manufacturing cumene from refined petroleum or liquid hydrocarbonsManufacturing ethane made from refined petroleum or liquid hydrocarbonsManufacturing ethylene made from refined petroleum or liquid hydrocarbonsManufacturing isobutene/isoprene made from refined petroleum or liquid hydrocarbonsManufacturing propylene made from refined petroleum or liquid hydrocarbonsManufacturing styrene made from refined petroleum or liquid hydrocarbonsManufacturing toluene made from refined petroleum or liquid hydrocarbonsManufacturing xylene made from refined petroleum or liquid hydrocarbons


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