Chemical Product Manufacturing in Canada - Market Research Report (2013-2028)
New York, United States
Last Updated: September 2023
NAICS 32599CARevenue
$6.5bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
9,144
Businesses
510
Wages
$XXX.Xm
Chemical Product Manufacturing in Canada industry analysis
The Chemical Product Manufacturing industry in Canada is performance is tied to downstream demand from key markets, particularly construction and manufacturing, although the price of oil can also affect input prices. Industry performance tends to closely mirror the overall economy as far as construction and manufacturing activity are concerned. In the last five years, uncertainty and volatility in the global economy caused by the pandemic has limited the full level of revenue growth. The industry is also being affected by some long-term trends. For example, photographic chemicals have long been a staple of industry production, although the rise of digital cameras and smartphones has significantly diminished demand for these products. Chemical Product Manufacturing industry in Canada revenue has been increasing at an annualized 2.0% over the past five years, including an estimated 2.9% decrease in 2023, and is expected to total $6.5 billion. In 2023, profit is set to decrease to 6.2%. Chemical Product Manufacturing industry in Canada revenue is expected to grow at an annualized 0.5% over the next five years, reaching an estimated $6.6 billion in 2028, when profit is projected to remain at 6.2%. Although the industry is likely to benefit from improved activity in nonresidential construction markets, the high value of the Canadian dollar is expected to slow exports, harming revenue. While an expanding construction sector and demand from motor vehicle manufacturing will likely place upward pressure on industry revenue, industrial capacity utilization is anticipated to slow, limiting overall industry growth.
Trends and Insights
- Industry goods as well as raw materials, such as crude oil, have increased in price as the Russian Federation has closed or otherwise cinched their supply lines to Western Europe. Oil is not only essential for transportation costs but for the creation of industry products.
- Miscellaneous chemical products and preparations has steady demand. But demand for certain products within this segment can fluctuate. For instance, demand for discretionary products, such as swimming pools, is more volatile and can fluctuate given changes in disposable income.
- Ontario has the largest concentration of establishments. Ontario is an attractive region for businesses due to its significant share of the Canadian population and ideal geographic location.
- The fragmented nature of the industry and the diverse range of products produced by a large number of small players has contributed to low concentration. Most establishments are expected to employ fewer than 100 people. Given the limited scale of their operations, it is difficult for any one company to command a significant market share.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 2.0 % over the past five years, to reach an estimated $6.5bn in 2023.
Trends and Insights
Market demand affects revenue growth
- Inconsistent demand from key markets in recent years have contributed to fluctuating revenue growth. For example, consumer spending has generally risen in the last five years, benefiting the industry as households form an important direct market.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Construction growth will sustain chemical product manufacturing revenue from decreasing
- One key segment whose fortunes are forecast to improve over the next five years is the construction sector. Demand for residential, nonresidential and industrial construction is forecasted to grow in the next five years.
Biggest companies in the Chemical Product Manufacturing in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Ecolab | 142.8 | 21.5 | 15.1 | |
PCAS Canada Inc. | 39.4 | 0.7 | 1.8 | |
Shrader Canada Limited | 11.7 | 0.7 | 6.0 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Photographic chemicals and materials, Custom compounding of resins and Water treating compounds. Photographic chemicals and materials is the largest segment of the Chemical Product Manufacturing in Canada.
Trends and Insights
Miscellaneous chemical products and preparations has steady demand
- Miscellaneous chemical products and preparations includes a broad scope of assorted chemicals produced by industry manufacturers, including salts, matches, fire extinguisher chemicals, various automotive fluids such as brake and carburetor fluids and many others.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Petrochemical Manufacturing in Canada
Complementors
- Printing in Canada
- Paint Manufacturing in Canada
- Adhesive Manufacturing in Canada
- Chemical Product Manufacturing in Canada
International industries
- Ink Manufacturing in the US
- Chemical Product Manufacturing in the US
- Candle Manufacturing in the US
- Essential Oil Manufacturing in the US
- Cosmetics, Perfume and Toiletries Manufacturing in Australia
Table of Contents
About this industry
Industry definition
This industry manufactures a diverse range of chemical products. Key product groups include custom compounding plastic resins and manufacturing toners, toner cartridges, photographic chemicals and sensitized photographic film, paper and plates. Custom compounding of plastic resins includes custom mixing and blending of purchased plastic resins and reformulating plastic resins from recycled plastic products.
What's included in this industry?
Custom compounding resinsReformulating plastic resins from recycled plastics productsManufacturing photographic chemicalsManufacturing toners and toner cartridgesManufacturing sensitized film, paper, cloth and sensitized platesCompanies
EcolabPCAS Canada Inc.Shrader Canada LimitedPurchase this report to view all 3 major companies in this industry.
Related Terms
RESINPLASTICIZERPETROCHEMICALSIndustry Code
NAICS 32599 - Chemical Product Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Industry goods as well as raw materials, such as crude oil, have increased in price as the Russian Federation has closed or otherwise cinched their supply lines to Western Eur...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Miscellaneous chemical products and preparations has steady demand. But demand for certain products within this segment can fluctuate. For instance, demand for discretionary ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Ontario has the largest concentration of establishments. Ontario is an attractive region for businesses due to its significant share of the Canadian population and ideal geog...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each province in 2023
- Number and share of revenue each province accounts for in 2023
- Number and share of wages each province accounts for in 2023
- Number and share of employees in each province in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The fragmented nature of the industry and the diverse range of products produced by a large number of small players has contributed to low concentration. Most establishments ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
There are no major players since the industry is very fragmented. The fragmented nature of the industry and the diverse range of products produced by a large number of small ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Ecolab's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of PCAS Canada Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Shrader Canada Limited's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Ecolab, and factors influencing its performance in the industry
- Description and key data for PCAS Canada Inc., and factors influencing its performance in the industry
- Description and key data for Shrader Canada Limited, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Diverse offerings and markets insulate the industry.The variety of chemicals produced by the industry usually insulates revenue from rapid growth or decline year-to-year.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Supply chain issues and the pandemic affected profit levels. This pandemic caused many manufacturing industries to temporarily shut down their operations or reduce their outp...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Assets (2016-2021)
- Liabilities (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Chemical Product Manufacturing industry in Canada in 2024?
The market size of the Chemical Product Manufacturing industry in Canada is $6.5bn in 2024.
How many businesses are there in the Chemical Product Manufacturing in Canada industry in 2023?
There are 510 businesses in the Chemical Product Manufacturing industry in Canada, which has declined at a CAGR of 1.0 % between 2018 and 2023.
Has the Chemical Product Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Chemical Product Manufacturing industry in Canada has been growing at a CAGR of 2.0 % between 2018 and 2023.
What is the forecast growth of the Chemical Product Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Chemical Product Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Chemical Product Manufacturing market in Canada?
The biggest companies operating in the Chemical Product Manufacturing market in Canada are Ecolab, PCAS Canada Inc. and Shrader Canada Limited
What does the Chemical Product Manufacturing in Canada include?
Custom compounding resins and Reformulating plastic resins from recycled plastics products are part of the Chemical Product Manufacturing industry.
Which companies have the highest market share in the Chemical Product Manufacturing in Canada?
The company holding the most market share in Canada is Ecolab.
How competitive is the Chemical Product Manufacturing industry in Canada?
The level of competition is moderate and increasing in the Chemical Product Manufacturing industry in Canada.
