Industry Lens: Chemical Manufacturing—July 2022

The Conference Board of Canada, July 27, 2022
Online Experience
(You must be signed in and entitled to rate this report)

This report examines the short-and medium-term economic and profitability outlook for Canada’s chemical manufacturing industry.

Document Highlights

  • Weaker industrial production weighed on basic chemical manufacturing over the last two years, but easing pressure on global supply chains means the industry will perform well over the next two years. Output is set to increase by 2.7 per cent in 2022 and 3.5 per cent in 2023.
  • The Russia–Ukraine war and political issues in Belarus have improved Canada’s position in the fertilizer manufacturing segment of the industry.
  • Pharmaceutical product manufacturing will perform well over the medium term, as new capacity, a desire to stockpile medication, and an aging Canadian population support growth.

COVID-19: Get all the insights

To see if you are entitled to get this research for free, take a minute and create a free e-Library account. This will let us determine if someone else at your organization has already purchased access to this material.

Browse by...
Need Help?