Paint Manufacturing in Canada - Industry Market Research Report

Paint Manufacturing in Canada - Industry Market Research Report

  • December 2020 •
  • 50 pages •
  • Report ID: 4564034 •
  • Format: PDF
Double coat: An increase in oil prices is anticipated to pressure industry profit

Abstract

Paint Manufacturing in Canada
The Paint Manufacturing industry in Canada produces a variety of paints and industrial coating products that are primarily sold to downstream manufacturing and construction markets. The industry is mature, with clearly defined paint and coating product lines that satisfy well-established consumer and industrial markets. While several downstream industries have performed well over the past five years, industry performance has, to some extent, been consistent with movements of the price of crude oil. Oil prices were high in the years leading up to the reporting period. Industry revenue began to recover in 2017 along with rising oil prices. While oil prices are projected to be less volatile over the five years to 2024, this recovery is expected to continue.

Operators in the Paint Manufacturing industry in Canada produce various paints, timber finishes and other surface coating products to decorate and protect surfaces against wear, weather and corrosion. Key products include paints, varnishes, lacquers, stains, wood fillers, paint thinners and removers. This industry does not manufacture artist’s paint.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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