Polystyrene and Acrylonitrile-butadiene-styrene (ABS) production in Canada has shown variable trends over the past decade. Starting at 93.22 thousand metric tons in 2014, the production volume incrementally grew, peaking at 125.25 thousand metric tons in 2021. However, there was a slight dip in 2022, followed by a minor increase to 124.5 thousand metric tons in 2023.
Year-on-year variations indicate notable increases in 2016 (6.58%) and 2018 (10.74%), while slight declines were experienced in 2022 (-2.44%). Over the last five years, a compound annual growth rate (CAGR) of 1.8% was observed. Forecasted data suggests a gradual but steady increase, reaching 126.92 thousand metric tons by 2028, which reflects a modest CAGR of 0.31% over the next five years.
Future Trends to Watch For:
- Sustainability and environmental regulations impacting production processes.
- Technological advancements in polymer manufacturing.
- Shifts in global demand influencing export opportunities.
- Economic factors affecting raw material costs and market demand.
