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Quebec's economy has been driven by the forest products industry for several decades. A number of industrial sectors have developed in Quebec, while others offer untapped or underdeveloped potential. Such is the case of the forest extracts sector, which offers many opportunities for diversification into new markets. Thus, the Study on the Quebec Forest Extractibles Industry, carried out jointly by the Consortium de recherche et innovations en bioprocédés industriels au Québec (CRIBIQ), the Centre d'études des procédés chimiques du Québec (CÉPROCQ) and the Ministry of Natural Resources and Forests (MNRF), which acted as financial partner, aims first of all to illustrate the current data available concerning the forest products industry and its related activities, in order to determine the economic potential and feasibility of involving a new forest extractives sector in Quebec.
A value chain analysis was therefore drawn up, listing the forest species present in the area and their distribution. The study also looked at their processing routes and the integration of the extractibles sector into these, and then developed a snapshot of the markets in order to identify trends that could be favorable or unfavorable to the project. Market occupation by potential competitors was also studied at various stages in the life of forest extractives, and the question of industrial challenges was addressed, particularly at the raw material supply and extractives production stages. Finally, a balance sheet was drawn up with a view to making strategic decisions for the project.