Canadian chemical sector is one of the largest and vital to the economy. This industry specializes in the treatment and conversion of various substances to produce chemical products, which includes basic chemicals, pharmaceuticals, agricultural chemicals, paints and adhesives, and other products. Chemical industry shipments had a total value of 64.4 billion Canadian dollars, and supports around 78,500 jobs, according to a 2021 estimate.
Chemical Industry is complex and compose a part of the supply chains for other industries, as automotive, electronics, etc. This sector imports and exports have seen steady growth since the turn of the century and, in 2021, totalized 72.9 and 41.6 billion Canadian dollars, respectively, with the United States being Canada’s largest trading partner for both activities.
Research and Development (R&D) in the chemical industry is a crucial driver of innovation, sustainability, and growth. It encompasses a wide range of activities aimed at creating new products, improving processes, enhancing materials, and addressing challenges within the industry.
In 2018, Canada’s expenditure in research and development (R&D) within the chemical industry amounted to approximately 364 million Canadian dollars. That same year, Canada’s chemical consumption exceeded 33 billion euros.
The industry has far-reaching ties, with trading partners located throughout the globe.
Qualifying R&D activities:
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