Canada Industrial Coatings Market Size & Outlook
Canada industrial coatings market, 2016-2027 (US$M)
Related Markets
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 2016 to 2027.
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 production of automobiles is expected to increase over the forecast period owing to the emergence of electric vehicles, as well as technological advancements in lightweight vehicles.
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.
Reasons to subscribe to Canada industrial coatings market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada industrial coatings market databook
-
Our clientele includes a mix of industrial coatings market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Canada industrial coatings market size, by product, 2016-2027 (US$M)
Canada Industrial Coatings Market Outlook Share, 2023 & 2027 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
