The value added of chemicals manufacturing in Canada is expected to grow steadily from 2024 to 2028. Starting at 18.13 billion Canadian dollars in 2024, it rises modestly each year, reaching 19.71 billion Canadian dollars by 2028. This reflects an average yearly growth rate (CAGR) of approximately 2.1%. Comparing year-on-year variations, the sector shows consistent growth, with an increase of around 2.2% in 2025, 2.2% in 2026, 2.1% in 2027, and 2.0% in 2028.
Future trends to watch for in the chemicals manufacturing sector include advancements in green chemistry, shifts towards sustainable production practices, and the impact of technological innovations on efficiency and productivity. Continued investment in research and development as well as regulatory changes could also significantly alter the landscape over the next few years.
