Canada Petrochemicals Report 2016

  • ID: 3526572
  • January 2016
  • Region: Canada
  • 72 pages
  • Business Monitor International
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Canada's petrochemicals industry saw mixed results in 2015 with a contraction in the value of basic chemicals sales, but strong growth in rubber and plastic production. While domestic petrochemicals consumption is expected to pick up in 2016, this could be offset by slower growth in Canada's main export market, the US. There are added challenges of carbon pricing and the declining competitiveness of Canada's ethane-fed industry relative to naphtha-based rivals in Europe and Asia. Nevertheless, in the long term, the availability of ethane derived from unconventional resources should drive petrochemicals investment.

In 9M15, the value of plastic products shipped rose 7.4% y-o-y while rubber rose 2.9% y-o-y. Chemical capacity utilisation rates averaged 84.3% in H115, up 8.7 percentage points (pp) over H114, while plastic and rubber rates were at 82.6% and 84.7%, up 4.2pp and 2.0pp respectively. Higher operating rates and growth in value indicate healthy margins in the petrochemicals industry. However, basic chemicals and industrial chemical products exports fell by 5.8% to CAD16.4bn in 10M15, while plastic and rubber products rose 8.2% to CAD13.3bn, providing a mixed scenario for Canadian petrochemicals producers.

However, polymer margins were generally comfortable, setting the basis for further growth in 2016.

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Industry Forecast
Table: Canada Petrochemical Sector - Historical Data & Forecasts

Macroeconomic Forecasts

Economic Analysis

Petrochemicals Risk/Reward Index

Americas Petrochemicals Risk/Reward Index

Worsening market risk in Latin America
Table: Americas Petrochemicals Risk/Rewards Ratings

Canada Petrochemicals Risk/Reward Index

Market Overview
Table: Canada Olefins Facilities
Table: Canada Polyolefins Facilities
Table: Canada Aromatics And Derivatives Facilities

Industry Trends And Developments

Table: Shale Resource-In-Place, Alberta

New Cracker Capacity

Competitive Landscape

Company Profile

NOVA Chemicals


Regional Overview

Americas Overview

Production Growth Concentrated in NAFTA
Table: Planned Cracker Projects

Global Industry Overview

Feedstock Differentials: Respite for Europe

2016 Feedstock Outlook

Could US Gas Run out?

Market Outlook: Chinese Downturn

Long-term Outlook

Europe - Brent On Board For A Bumpy Ride

Demographic Forecast

Demographic Outlook
Table: Population Headline Indicators (Canada 1990-2025)
Table: Key Population Ratios (Canada 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Canada 1990-2025)
Table: Population By Age Group (Canada 1990-2025)
Table: Population By Age Group % (Canada 1990-2025)

Table: Glossary Of Petrochemicals Terms


Industry Forecast Methodology

Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators

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NOVA Chemicals

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Our Clients

  • Dow Chemical Co Ltd.
  • Huntsman Corporation
  • Evonik Industries AG
  • Cytec Industries Incorporated
  • Invista
  • Akzo Nobel N.V.