The value added of resin, synthetic rubber, and artificial and synthetic fibres and filaments manufacturing in Canada is projected to grow steadily from 5.6122 billion Canadian dollars in 2024 to 6.5576 billion in 2028. This represents a compound annual growth rate (CAGR) of about 4.0% over five years, indicating a robust expansion in this sector.
Key year-on-year growth projections are:
- 2024 to 2025: 4.28%
- 2025 to 2026: 4.06%
- 2026 to 2027: 3.87%
- 2027 to 2028: 3.67%
Future trends to watch for include potential impacts of technological advancements, shifts in global demand, and policy changes. These factors could influence production efficiency and market competitiveness in this industry.
