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 in Canada is mature, with clearly defined paint and coating product lines satisfying well-established consumer and industrial markets. The industry has exhibited poor performance over the past five years. While several downstream industries have performed well over the past five years, industry performance has to some extent been consistent with movements in the price of crude oil. Oil prices were sky high in the years leading up to the reporting period. Industry revenue began to recover in 2017 along with rising oil prices, and as this recovery continues into the next reporting period, IBISWorld forecasts revenue will increase over the five years to 2023.
Operators in this industry manufacture 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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