Canada Paints And Coatings Market Size & Outlook
Canada paints and coatings market, 2018-2030 (US$M)
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Canada paints and coatings market highlights
- The Canada paints and coatings market generated a revenue of USD 8,695,509.9 million in 2023 and is expected to reach USD 11,748,798.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, waterborne coatings was the largest revenue generating product in 2023.
- Radiation cured coatings is the most lucrative product segment registering the fastest growth during the forecast period.
Paints and coatings market data book summary
| Market revenue in 2023 | USD 8,695,509.9 million |
| Market revenue in 2030 | USD 11,748,798.8 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Waterborne coatings |
| Fastest growing segment | Radiation cured coatings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiation cured coatings, Powder coatings, Waterborne coatings, Solvent-borne coatings |
Other key industry trends
- In terms of revenue, Canada accounted for 4.3% of the global paints and coatings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. paints and coatings market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 41,121,817.3 million by 2030.
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Paints and Coatings Market Scope
Paints and Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada paints and 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 paints and coatings market will help companies and investors design strategic landscapes.
Waterborne coatings was the largest segment with a revenue share of 40.56% in 2023. Horizon Databook has segmented the Canada paints and coatings market based on radiation cured coatings, powder coatings, waterborne coatings, solvent-borne coatings covering the revenue growth of each sub-segment from 2018 to 2030.
Canada significantly contributes to the demand for paints and coatings owing to its growing construction industry. Factors such as increasing government investments in public & renewable energy infrastructure coupled with changing consumer buying behavior are expected to fuel the growth of the construction industry in the country.
In addition, government initiatives such as the Made in Canada, New Building Canada Plan (NBCP), and Affordable Housing Initiative (AHI) are expected to propel the product demand in the construction industry over the forecast period.
The automobile is anticipated to be the largest end-use segment in Canada's paints & coating market. The presence of prominent automobile manufacturers such as Fiat Chrysler Automobiles, General Motors, Ford Motor Company, and Toyota Motor Corporation; rising urbanization; and high disposable income are the major factors driving the automobile industry in the country.
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Our clientele includes a mix of paints and coatings market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada paints and coatings market , including forecasts for subscribers. This country databook contains high-level insights into Canada paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada paints and coatings market size, by product, 2018-2030 (US$M)
Canada Paints and Coatings Market Outlook Share, 2023 & 2030 (US$M)
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