Canada Paints And Coatings Market Size & Outlook
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Canada paints and coatings market highlights
- The Canada paints and coatings market generated a revenue of USD 9,130,075.6 million in 2024 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 2025 to 2030.
- In terms of segment, waterborne coatings was the largest revenue generating product in 2024.
- 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 2024 | USD 9,130,075.6 million |
| Market revenue in 2030 | USD 11,748,798.8 million |
| Growth rate | 4.4% (CAGR from 2025 to 2030) |
| Largest segment | Waterborne coatings |
| Fastest growing segment | Radiation cured coatings |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiation cured coatings, Solvent-borne coatings, Waterborne coatings, Powder coatings |
| Key market players worldwide | Jotun, Sherwin-Williams Co, Axalta Coating Systems Ltd, PPG Industries Inc, RPM International Inc, Basf SE ADR, Henkel AG & Co KGaA, Hempel, 3M Co, Akzo Nobel NV |
Other key industry trends
- In terms of revenue, Canada accounted for 4.3% of the global paints and coatings market in 2024.
- 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 |
|---|---|---|---|---|
| Hempel | View profile | 5001-10000 | Lyngby, Hovedstaden, Denmark, Europe | http://www.hempel.com |
| Jotun | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.jotun.com |
| Basf SE ADR | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Axalta Coating Systems Ltd | View profile | 12000 | 50 Applied Bank Boulevard, Suite 300, Glen Mills, PA, United States, 19342 | https://www.axalta.com |
| RPM International Inc | View profile | 17274 | 2628 Pearl Road, P.O. Box 777, Medina, OH, United States, 44256 | https://www.rpminc.com |
| Sherwin-Williams Co | View profile | 64088 | 101 West Prospect Avenue, Cleveland, OH, United States, 44115-1075 | https://www.sherwin-williams.com |
| PPG Industries Inc | View profile | 53000 | One PPG Place, Pittsburgh, PA, United States, 15272 | https://www.ppg.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Henkel AG & Co KGaA | View profile | 48000 | Henkelstrasse 67, Duesseldorf, NW, Germany, 40589 | https://www.henkel.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
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 42.12% in 2024. Horizon Databook has segmented the Canada paints and coatings market based on radiation cured coatings, solvent-borne coatings, waterborne coatings, powder 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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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$M)
Canada Paints and Coatings Market Outlook Share, 2024 & 2030 (US$M)
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