Industry Analysis & Industry Trends
The Organic Chemical Manufacturing industry is expected to experience moderate growth over the five years to 2014. Companies in this industry manufacture a wide range of chemicals that are used as inputs in industrial and consumer goods, making demand for industry products dependent on manufacturing activity and consumer spending levels. Downstream demand has been healthy in the past five years, paving the way for steady anticipated revenue growth for the industry. As the industry is highly globalized, export growth buoyed the industry in the past and is expected to continue, particularly as emerging markets demand more of the downstream goods that require organic chemicals in the manufacturing process... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to strongly increase at an annualized 7.3% in the 10 years to 2019. In contrast, Canada's GDP is only anticipated to grow an average of 2.3% per year over the same period. As such, the industry's importance to the economy is growing.
Another contributor to industry growth has been a rise in federal and provincial incentives and subsidies for the production of certain organic chemicals, such as ethanol. In 2010, the Canadian government implemented renewable fuels regulations that required 5.0% of gasoline to include renewable fuel. In 2011, a similar law was passed mandating a 2.0% renewable fuel content in diesel fuel... purchase to read more