Canada Specialty Chemicals Market Size & Outlook

Sales of semiconductors in China are majorly driven by the increasing demand from the electronics industry. A push to grow the market by the government as well as a surge in demand for semiconductors for cellphones and laptops, solar cells is expected to propel the electronic chemicals market over the coming years.

The automotive industry is anticipated to witness a high growth rate in the country, as the new era of digitalization in the industry has prompted sales of intelligent & connected cars with highly integrated system technology that provides greater safety as well as comfort features for consumers. The market in Canada is expected to exhibit an increased demand for lubricating oil additives, due to their use in various end-user industries, such as automobiles, chemical processing, and industrial processes.

In the automotive industry, lubricants are used to boost engine performance and help enhance the life of engines used in automotive vehicles. Lubricants are expected to benefit from the rise in highmaintenance automobiles, especially in Canada, as consumers are increasingly opting for advanced passenger cars. These factors are anticipated to propel the consumption of additives, adhesives, and composites in automotive applications that are necessary to enhance the performance of the vehicle.