As of 2024, the projected production of Chemical, Rubber, Plastics, Fuel Products, and Other Non-metallic Mineral Products in Canada is expected to see a steady increase over the next five years. Starting from a forecasted value of 202.96 billion CAD in 2024, the production value is projected to reach 214.33 billion CAD by 2028. Key variations over the period show modest year-on-year growth: 1.44% from 2024 to 2025, rising steadily to 1.3% annually through to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected around 1.38%.
Future trends to watch include the impact of technological advancements in production efficiencies, shifting consumer preferences towards sustainable products, and potential regulatory changes that could influence production methods and costs. Additionally, global economic factors and trade relationships will play significant roles in shaping the market landscape over this period.
