Canada Industrial Coatings Market Size & Outlook
Canada industrial coatings market, 2018-2030 (US$M)
Canada industrial coatings market highlights
- The Canada industrial coatings market generated a revenue of USD 1,498.7 million in 2023 and is expected to reach USD 1,648.5 million by 2027.
- The Canada market is expected to grow at a CAGR of 2.4% from 2024 to 2027.
- In terms of segment, acrylic was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial coatings market data book summary
| Market revenue in 2023 | USD 1,498.7 million |
| Market revenue in 2027 | USD 1,648.5 million |
| Growth rate | 2.4% (CAGR from 2023 to 2027) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Alkyd, Polyurethane, Epoxy, Polyesters, Other |
| Key market players worldwide | Akzo Nobel NV, Axalta Coating Systems Ltd, PPG Industries Inc, Sherwin-Williams Co, Nippon Paint Holdings Co Ltd, NKT A/S |
Other key industry trends
- In terms of revenue, Canada accounted for 1.7% of the global industrial coatings market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. industrial coatings market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 17,155.9 million by 2027.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada industrial coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial coatings market will help companies and investors design strategic landscapes.
Acrylic was the largest segment with a revenue share of 35.8% in 2023. Horizon Databook has segmented the Canada industrial coatings market based on acrylic, alkyd, polyurethane, epoxy, polyesters, other covering the revenue growth of each sub-segment from 2018 to 2030.
The automotive industry in Canada is expected to account for a significant demand for industrial coatings over the forecast period. Automotive manufacturing is one of the largest industrial sectors in Canada.
The country is a net exporter of most of the energy commodities and is a major producer of crude oil, natural gas, hydroelectricity, and other liquids from oil sands. According to the U.S. Energy Information Administration (EIA), Canada was the fourth-largest producer of petroleum and total liquids in the world in 2019.
Rising production of shale oil and oil sands is anticipated to the drive oil & gas industry in the country, thereby creating demand for industrial coatings. The oil & gas industry in Canada is characterized by the presence of several producers including Suncor Energy Inc., Canadian Natural Resources Limited, Imperial Oil, Husky Energy, Inc., and Cenovus Energy, Inc.
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Our clientele includes a mix of industrial coatings market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada industrial coatings market , including forecasts for subscribers. This country databook contains high-level insights into Canada industrial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada industrial coatings market size, by product, 2018-2030 (US$M)
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