The value added of chemical manufacturing in Canada is forecasted to grow slightly from 25.79 billion CAD in 2024 to 25.826 billion CAD by 2028. This indicates a very modest year-on-year growth rate, with increments ranging from 0.003% to 0.005% annually. Over the last five years, the compound annual growth rate (CAGR) is expected to remain around 0.004%.
Key future trends to watch for include:
• Sustainable and green chemical manufacturing processes as global regulations tighten.
• Technological advancements driving efficiency and product diversification.
• Increasing demand in pharmaceuticals and specialty chemicals influenced by demographic shifts and health trends.
