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