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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 - Industry Locations Chapter

In 2016, the 26 industry establishments are exclusively located in Alberta, Ontario and Quebec. Alberta accounts for 10 of these establishments, according to data sourced from Statistics Canada. Alberta is an attractive region for industry operators because of its abundant supply of low-cost natural gas and ethane feedstock. Additionally, the region's oil sands are the world's second-largest known source of oil, a key industrial input, according to the Central Alberta Economic Partnership. Commodities manufactured in Alberta are primarily shipped to central and western US markets or offshore.

Many new establishments are located in Ontario, which now has 11 establishments... 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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