Foreign direct investment in Canada's chemicals and plastics industry28 October 2013 by Invest in Canada
The chemicals and plastics industry contributed nearly $20bn to the Canadian economy in 2011 and accounted for 158,600 direct jobs.
In 2010, chemicals and plastics accounted for more than 13% of value added in Canadian manufacturing, with revenue growth in both sectors higher than the manufacturing industry average.
Chemicals: Canadian chemical manufacturing exports totalled more than $31bn in 2011 and the industry contributed $12.9bn to Canadian gross domestic product (GDP). By 2020, chemical production in Canada is forecast to increase by 27%; a higher rate than the predicted growth in the US and Western europe.
Canada's expertise spans across the oil and gas extraction, mining and refining industries, petrochemical production (including natural gases and lubricants), biochemicals, agricultural chemicals and fertilizers and the manufacture of synthetic resins, adhesives, sealants, paintings and coatings.
Plastics: The plastics industry contributed $6.4bn to the Canadian economy in 2011, an increase of 2.6% on the previous year. Export growth in the sector was nearly 10% in 2011, with export revenues worth more than $7bn.
Key uses include motor vehicle parts, plastic bags, films and sheet plastics, as well as aerospace components, wind turbines and building products for civil and industrial infrastructure.
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Foreign direct investment in Canada's chemicals and plastics industry