Canada Intumescent Coatings Market Size & Outlook
Canada intumescent coatings market, 2018-2030 (US$M)
Related Markets
Canada intumescent coatings market highlights
- The Canada intumescent coatings market generated a revenue of USD 43.1 million in 2022 and is expected to reach USD 64.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.1% from 2023 to 2030.
- In terms of segment, epoxy-based was the largest revenue generating type in 2022.
- Water-based is the most lucrative type segment registering the fastest growth during the forecast period.
Intumescent coatings market data book summary
| Market revenue in 2022 | USD 43.1 million |
| Market revenue in 2030 | USD 64.0 million |
| Growth rate | 5.1% (CAGR from 2022 to 2030) |
| Largest segment | Epoxy-based |
| Fastest growing segment | Water-based |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water-based, Solvent-based, Epoxy-based |
| Key market players worldwide | Akzo Nobel NV, Contango Holdings PLC, NKT A/S, Sherwin-Williams Co, RPM International Inc, PPG Industries Inc, 3M Co, Sika AG, TOR Minerals International Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 3.8% of the global intumescent coatings market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. intumescent coatings market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 22.6 million by 2030.
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Intumescent Coatings Market Scope
Intumescent Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada intumescent 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 intumescent coatings market will help companies and investors design strategic landscapes.
Epoxy-based was the largest segment with a revenue share of 79.12% in 2022. Horizon Databook has segmented the Canada intumescent coatings market based on water-based, solvent-based, epoxy-based covering the revenue growth of each sub-segment from 2018 to 2030.
Low labor costs and low facility setup costs in Canada compared to the U.S. are attracting the attention of manufacturing industry players to set up their facilities in Canada. Thus, the construction industry in Canada is witnessing lucrative growth opportunities.
In addition, the government has invested in infrastructure development, which is anticipated to further drive the construction industry in the country. The oil & gas industry plays a vital role in the economy of 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. Rising production of shale oil and oil sands is anticipated to significantly boost the oil & gas industry in the country, thereby propelling the demand for intumescent coatings.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada intumescent coatings market , including forecasts for subscribers. This country databook contains high-level insights into Canada intumescent coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada intumescent coatings market size, by type, 2018-2030 (US$M)
Canada Intumescent Coatings Market Outlook Share, 2022 & 2030 (US$M)
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