Inorganic Chemical Manufacturing in Canada - Industry Market Research Report

Inorganic Chemical Manufacturing in Canada - Industry Market Research Report

Inorganic Chemical Manufacturing in Canada

Inorganic chemical manufacturers produce chemicals crucial to many manufacturing and construction industries. Demand for these products is linked to the overall performance of these sectors, which have fluctuated alongside pandemic disruptions and recent dips in consumer confidence. While the diversity of downstream markets has shielded inorganic chemical producers from more severe declines, COVID-19 curbed demand from most industries, shrinking sales of key products like alkalis and catalysts. Over the past five years, revenue has dipped at a CAGR of 3.0% to reach an estimated $4.8 billion in 2023, when revenue is projected to shrink by an additional 1.7%, and profit will reach 19.7%

This industry manufactures a variety of basic inorganic chemicals, most of which are mineral based, as opposed to carbon-based organic chemicals. Inorganic chemicals are used as inputs in several manufacturing and industrial processes. Key identifiable industry segments include chloralkali and carbon black products. The industry does not manufacture industrial bleaches (IBISWorld report 32561CA) or chlorine preparations for swimming pools (IBISWorld report 32599CA).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."