Canada electronic industry stood at 18.89 Thousand Tonnes in 2020 and is forecast to reach 31.83 Thousand Tonnes by 2030, growing at a healthy CAGR of 5.21% until 2030. Canada accounted for a share of 5.76% in the North America electronic chemicals market in 2020. Canadian electronic industry has faced a decline in sales in the past few years due to low price alternatives from East Asia and the USA. Owing to this, several companies have shifted their manufacturing units to Asian regions, especially Taiwan due to the higher concentration of low operating costs and cheap labor. Electronic imports in Canada have increased in the past few years, but the production is stagnant. Due to the ongoing USA-China trade war, many companies are shifting their base to North America again, which is expected to drive domestic production in Canada. Besides, the imports are likely to dip in the coming years, and the exports are projected to increase, which will propel the domestic demand for electronic chemicals in the region. The outbreak of COVID-19 in 2020 disrupted the regional economy on account of the temporary shutdown of factories, travel restrictions, and interrupted supply chain. The electronic chemicals market growth was affected drastically as there was a huge decline in demand from various end-user industries. Furthermore, the major market players intentionally halted the production keeping their employees’ health and wellness in mind. With imposed new regulations of the COVID-19 and proper precautions, the demand for electronic chemicals is anticipated to increase. Besides, huge investment in the electronic chemicals market from the key stakeholders is likely to grow Canada Electronic Chemicals market during the forecast period.
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Years Considered for Analysis:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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Demand By Type Demand/Sale of Electronic Chemicals in different end-user industries across the country
Demand By End-Use Demand/Sale of Electronic Chemicals in different end-user industries across the country
Demand & Supply Gap Demand & Supply Gap at country level
Market Share of Leading Players Revenue shares of leading players in the country
To extract data for the Canada Electronic Chemicals market, the ChemAnalyst team conducts primary research surveys with Electronic Chemicals manufacturers, suppliers, distributors, wholesalers, and customers, followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys