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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 | Jun 2014

Burning bright: Increased demand from downstream manufacturing will support industry growth

IBISWorld’s Petrochemical Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 09-14
9.0%
Annual Growth 14-19
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Profit
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Employment
1,224
Businesses
13
Industry Analysis & Industry Trends

After diving during the recession, industry revenue recovered in the past few years and recorded modest growth. Over the next five years, favourable conditions in downstream manufacturing will lead to healthy industry growth... purchase to read more

Industry Report - Industry Investment Chapter

The Petrochemical Manufacturing industry requires a high amount of capital investment. The cost of new plants and equipment is significant. For example, a world-class ethylene plant is estimated to cost over $1.0 billion to construct. The manufacturing process is highly mechananized and involves large complex machinery that turns feedstock into different chemicals through a process known as cracking. In 2014, industry companies will spend about $1.96 on capital for every dollar spent on labour, reflecting the high-tech, high-cost nature of the plants used to manufacture the relevant products. While wages account for a nominal share of revenue, they are expected to grow over the five years to 2019. Higher wages will reflect a specialized workforce... 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/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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