The market is dominated by domestic suppliers, as imports account for 47.6% of total market size in 2022. B2B drives market demand, with B2B spending representing 90.7% of total demand in 2022. Canada has the ninth largest market size for paints and varnishes across the top 20 developed countries, with demand reaching USD5.4 billion in 2022. Cloverdale Paint Inc is the largest company in Canada, generating 14.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 27.2% of total production value in 2022. The total number of companies increases in 2022, to 640 units. The costs of the industry increase by 11.2% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 33.6% of production value in 2022, the second highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 21.5% of total production output. With production value of USD2.7 billion, Canada accounts for 5.5% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Paints and Varnishes in Canada: ISIC 2422. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Paints and Varnishes in Canada: ISIC 2422 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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