Jun 25 2010
After experiencing a decline in value in 2006, the Canadian specialty chemicals market recovered briefly, just to fall into decline again in 2009. Fast recovery is expected however, and the market is set to grow at a marginal but stable rate towards 2014.
The specialty chemicals market was, like many other markets, affected by the recent financial and economic crisis. While several specialty chemicals segments i.e. plastics additives, textile chemicals, construction chemicals, electronic chemicals or specialty polymers followed the downturn of their end-use industries, others such as cosmetic chemicals, food additives, and industrial cleaners, have showed more resilience to the negative economic conditions.
The Canadian specialty chemicals market generated total revenues of $8.6 billion in 2009, representing a compound annual rate of change (CARC) of -0.2% for the period spanning 2005-2009. In comparison, the US and Mexican markets grew with compound annual growth rates (CAGRs) of 4.7% and 4.5% respectively, over the same period, to reach respective values of $176.2 billion and $4.8 billion in 2009.
Key Topics Covered:
1. Specialty Chemicals Market In Canada 2010
2. Specialty Chemicals Market Segmentation In Canada
3. Specialty Chemicals Market In Canada Competitive Analysis
4. Specialty Chemicals Market In Canada Market Players Profile
Companies Mentioned:
- Bayer AG
- E. I. duPont de Nemours and Company
- Hexion Specialty Chemicals, Inc.
- The Dow Chemical Company