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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 | Feb 2015

Burning bright: Key buying industries will increases demand, supporting revenue 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
$7bn
Annual Growth 10-15
-1.6%
Annual Growth 15-20
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Profit
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Employment
1,079
Businesses
13
Industry Analysis & Industry Trends

The Petrochemical Manufacturing industry has been volatile over the past five years. The industry enjoyed strong, though inconsistent, growth as the economic recovery took hold. Downstream customers, like the plastic and resin manufacturing industry, recovered quickly after the recession, stimulating demand for the industry's products. In the coming years, demand from key buying industries will grow steadily, which will support ongoing revenue growth. This will return the industry to a stable growth pattern... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Petrochemical Manufacturing industry has a medium level of market share concentration. In 2015, the top four players account for over 40.0% of revenue, with the industry's largest player ExxonMobil accounting for 20.1% alone. While the average establishment employs just 47 workers, the bulk of manufacturing is done by machines. As a result of the automated process and the reliance on machinery, capital intensity is high, leading to significant investments in equipment for industry participants. The high capital investment required deters new entrants from entering the industry at a rapid pace, further leading to a higher level of market share concentration... 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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